Week #5: Scripts and Wallets

Thursday, June 23, 2022, 13:00 UTC

Gitbook Link
Zoom Link

Welcome to Week 5!

1. Review material for this week’s module: Scripts and Wallets

2. Use The Mastering Bitcoin Book as reference.
3. Schedule a time to meet with your assigned partner.
4. Meet with your partner, discuss your question and create additional discussion questions
based on your assigned question.
5. Review the deputy doc to understand that role. Everyone will be a deputy at some point.
6. Optional Extras: subscribe to the Optech Newsletter

Week 5 Meeting Structure

We strongly encourage everyone to turn on their cameras during meetings.

13:00 UTC Zoom Link Join the Zoom meeting.

Enter your assigned breakout room.

13:00 UTC – You become the host when it comes to your question.
Breakout rooms
14:00 UTC Ask your group the prepared questions, lead the discussion.
Deputy will make sure the group stays on track.
Back as a full group for the last 45 minutes.
14:00 UTC -
Wrap Up in Main We’ll ask you to complete a brief feedback survey. This is how we
14:45 UTC
Room keep track of your attendance so it’s important you complete it.
Wrap up @ 14:00 UTC hosted by Jarol Rodriguez
Breakout Partner
Room Deputy # Username
🤠 1 JeanValjean
1 2 DhananjayPurohit#3127
3 Himanshu_Goel
4 BerryYoghurt#6319
5 Adiog
6 eduardo-qm
7 Chaaru#7109
🤠 9 Priyansh Rastogi#7784
2 10 studioghibli#0488
11 fearless_season
12 samay__
13 akanksha#3503
14 Aman Kumar Kashyap
15 pos1tr0n#5427
🤠 17 enyipreshious#2195
3 What are the difficulties and benefits of switching to Pay
18 kouloumos
# Assigned Question
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
9 expensive to run)?
10 What is the benefit of using output descriptors?
Is SCRIPT's Turing incompleteness a feature or a
11 deficiency?
What is the difference between child and hardened child
12 addresses?
13 Is coin age ever a consideration for coin selection?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
14 transaction (due to low fees) gets processed?
What are the difficulties and benefits of switching to Pay
15 to Taproot addresses?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
1 expensive to run)?
2 What is the benefit of using output descriptors?
Is SCRIPT's Turing incompleteness a feature or a
3 deficiency?
What is the difference between child and hardened child
4 addresses?
5 Is coin age ever a consideration for coin selection?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
6 transaction (due to low fees) gets processed?
What are the difficulties and benefits of switching to Pay
7 to Taproot addresses?
25 What is the benefit of using output descriptors?
26 to Taproot addresses?
 John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
19 8Bits 27 expensive to run)?
Is SCRIPT's Turing incompleteness a feature or a
20 GoutamVerma#7463 28 deficiency?
What is the difference between child and hardened child
21 Kishore#4600 29 addresses?
22 vinayaksh42#1987 30 Is coin age ever a consideration for coin selection?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
23 Yogendra#9364 31 transaction (due to low fees) gets processed?
25 Shreyansh 17 What is the benefit of using output descriptors?
What are the difficulties and benefits of switching to Pay
26 vaibhav#2715 18 to Taproot addresses?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
4 contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
27 masterchief164#9020 19 expensive to run)?
Is SCRIPT's Turing incompleteness a feature or a
🤠 28 7ΞЯROR#5849 20 deficiency?
What is the difference between child and hardened child
29 CaptainPrime#2382 21 addresses?
30 kammitama 22 Is coin age ever a consideration for coin selection?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
31 Wszdexdrf 23 transaction (due to low fees) gets processed?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
5
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
33 Zeeshan#7514 41 expensive to run)?
 Is SCRIPT's Turing incompleteness a feature or a
34 verbtc 42 deficiency?
🤠 35 Gabbyprecious 43 What is the benefit of using output descriptors?
What is the difference between child and hardened child
36 Psycho Pirate#7844 44 addresses?
37 pkagrawal#6020 45 Is coin age ever a consideration for coin selection?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
38 arsalan#9694 46 transaction (due to low fees) gets processed?
What are the difficulties and benefits of switching to Pay
39 Jatin Gupta#8947 47 to Taproot addresses?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
41 GitE#5063 33 expensive to run)?
6 Is SCRIPT's Turing incompleteness a feature or a
42 WM 34 deficiency?
43 KCC_MEKY#8372 35 What is the benefit of using output descriptors?
What is the difference between child and hardened child
44 scienceofdeduction 36 addresses?
🤠 45 Predator_757#1772 37 Is coin age ever a consideration for coin selection?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
46 ahv15#2538 38 transaction (due to low fees) gets processed?
What are the difficulties and benefits of switching to Pay
47 kjain1810 39 to Taproot addresses?
49 Hahahahaha 57 Is coin age ever a consideration for coin selection?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
7 contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
🤠 50 leonardolima#0617 58 expensive to run)?
Is SCRIPT's Turing incompleteness a feature or a
51 Sebulino#6601 59 deficiency?
52 b30wulffz#6729 60 What is the benefit of using output descriptors?
What is the difference between child and hardened child
53 manmeet#7891 61 addresses?
 Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
54 Donor_ 62 transaction (due to low fees) gets processed?
What are the difficulties and benefits of switching to Pay
55 lorban 63 to Taproot addresses?
57 theanmolsharma#3037 49 Is coin age ever a consideration for coin selection?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
8 58 aniketrochwani#9236 50 expensive to run)?
Is SCRIPT's Turing incompleteness a feature or a
59 Aditya Sharma 51 deficiency?
🤠 60 Raj#4630 52 What is the benefit of using output descriptors?
What is the difference between child and hardened child
61 pavanj 53 addresses?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
62 Dhruv Baliyan#3045 54 transaction (due to low fees) gets processed?
What are the difficulties and benefits of switching to Pay
63 wiredhikari#5319 55 to Taproot addresses?
🤠 65 omeeer#9725 73 Is coin age ever a consideration for coin selection?
What is the difference between child and hardened child
66 KAVAN 74 addresses?
67 Anika#2211 75 What is the benefit of using output descriptors?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
9 whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
68 Eunoia#7762 76 expensive to run)?
Is SCRIPT's Turing incompleteness a feature or a
69 dark#4614 77 deficiency?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
70 siv2r 78 transaction (due to low fees) gets processed?
What are the difficulties and benefits of switching to Pay
71 Hollow Man#1093 79, 87 to Taproot addresses?
10 🤠 73 sg213 65 Is coin age ever a consideration for coin selection?
 What is the difference between child and hardened child
74 Davidson Souza#7507 66 addresses?
75 designFairy 67 What is the benefit of using output descriptors?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
76 Vatsal#0853 68 expensive to run)?
Is SCRIPT's Turing incompleteness a feature or a
77 prakash#3027 69 deficiency?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
78 cool_ice_ever#4509 70 transaction (due to low fees) gets processed?
What are the difficulties and benefits of switching to Pay
79 tranquillo#5037 71, 87 to Taproot addresses?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
81 design.melon#2424 89 transaction (due to low fees) gets processed?
What is the difference between child and hardened child
82 CumplidoLeo#2443 90 addresses?
John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
11 of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
🤠 83 fireballpoint1 91 expensive to run)?
Is SCRIPT's Turing incompleteness a feature or a
84 utkarsh#7198 92 deficiency?
85 csralvall 93 What is the benefit of using output descriptors?
86 ankur12#4662 94 Is coin age ever a consideration for coin selection?
What are the difficulties and benefits of switching to Pay
87 mide💎#8494 71, 79 to Taproot addresses?
Is there way to ensure that a transaction will be
processed? What tools are available to ensure a stuck
12 89 Kolby ML#0153 81 transaction (due to low fees) gets processed?
What is the difference between child and hardened child
90 chinggg 82 addresses?
 John Newbery talks about verification vs computation
and he brings it up as a big reason why he thinks bitcoin
can scale but is skeptical about ethereum. Is there a
qualitative difference between verification and
computation? And is it the fact that ethereum is capable
of performing arbitrary computation that makes the
whole thing difficult to scale, or is it that specifically smart
contracts that require arbitrary computation won’t be
able to scale (as in those contracts would be very
91 jurvis#4627 83 expensive to run)?
Is SCRIPT's Turing incompleteness a feature or a
92 Santhosh_A 84 deficiency?
93 daksh#1769 85 What is the benefit of using output descriptors?
🤠 94 KhaledEmaraDev#1957 86 Is coin age ever a consideration for coin selection?