Rene Pickhardt

#Bitcoin & #lightningnetwork developer & educator demanding open knowledge! Proud member of @wikimediaDE @de_Serlo & former #BTW17 Frontrunner of @piratenpartei

[Rene Pickhardt @renepickhardt]

Guess who received (& send back) 2 LARGE (!) mainnet #Bitcoin payments from @stefanwouldgo over the #LightningNetwork!

1st payment: 0.3679 BTC (345 parts minSplitSize: 10k sats)

2nd payment: 0.286 BTC (80 parts minSplitSize: 100k sats)

Teamwork makes the dream work!

1/4

[Rene Pickhardt @renepickhardt]

Optimally Reliable & Cheap Payment Flows on the Lightning Network

the joint work with @stefanwouldgo is now (as promised) in the #open: https://t.co/CjzaZ1edVG

This method should allow us to
⚡️ send large #Bitcoin amounts over the #LightningNetwork ⚡️

Thread: 1 / 15

[Rene Pickhardt @renepickhardt]

With AI and LLMs:

How to handle requests for reviews from steangers?

Usually I helped but I discovered this new scam where bots try to social engineer you through a thoughtful research discussion and try to make you install malware. I don't want to waste my time with scambots;(

[Matt Corallo 🟠 @TheBlueMatt]

Quick update. GitHub has decided our open-source project has been permanently banned with no explanation and no option to appeal, pointing to a ToS that clearly does not cover anything we’ve ever done.

I guess it’s time for Bitcoin projects to leave @github.

[Rene Pickhardt @renepickhardt]

@_5umeet @niftynei @btcplusplus Hmm. You could take a look at the mathematical theory of payment Chanel networks. But that is rather abstract and some of those questions are only indirectly answered as corollaries.

[Rene Pickhardt @renepickhardt]

Lot of confusion about how Ark and Lightning should interact to scale #bitcoin

Luckily, @niftynei invited me to @btcplusplus Economics edition where I proposed Lightning powered by Ark (https://t.co/mdRQHGY5Gi) instead of connecting Arks via Lightning. Feedback wellcome & enjoy!

[Rene Pickhardt @renepickhardt]

@MaelstromFund It is great to see an ongoing support of open source development. Thank you for your effort

[Rene Pickhardt @renepickhardt]

Congratulations to @erikdesmedt, @stevenroose3, and their team.

Now, we can test the hypothesis that ark might outperform LN for #Bitcoin payments. If it will be rejected then we can still go for ark as a Channel factory.

In either case: Exciting times for #Bitcoin payments!

[Second @secondhq]

SECOND IS NOW ON MAINNET.

Bark, our implementation of the Ark protocol, is available for anyone to start making bitcoin payments.

Included in the launch are our mainnet Ark server, the Bark SDK, and multiple wallets to try from day one.

[Rene Pickhardt @renepickhardt]

@BDNcontent @BTCBreakdown @_Rob_Wallace @BitcoinNewsCom @kinetic_finance @internetsophi @SimplyBitcoin @JoeNakamoto @SpaceX @mattkratter @RustinPeace_SB @jimcramer @V4BTC @Thebitcoinway_ @michael1011at @Boltzhq @btcplusplus @BTCBreakdown same here (;

[Rene Pickhardt @renepickhardt]

@PalazzoVincenzo @rusty_twit @ElleMouton Might be worth mentioning that the new gossip will allow to announce ark channels

[Rene Pickhardt @renepickhardt]

@nwoodfine @secondhq The same goes in the other direction. Ark features should be Lightning compatible. For example it should be possible to resolve force closes via ark

[Rene Pickhardt @renepickhardt]

@steepdawn974 @rusty_twit https://t.co/3Iu14t9HKe

[Rene Pickhardt @renepickhardt]

Today is a sad day for the Lightning Network community as one of our very respected developers is moving on to new ventures.

At the same time, I am delighted that I had the opportunity to collaborate with @rusty_twit and learn so much from him. In any case, I wish him well!

[Rene Pickhardt @renepickhardt]

@BitcoinErrorLog @coinjoined All layers that I am aware of provide some(!) Amount of scale. Often, just not the huge amount of scale that people may have hoped for.

[Rene Pickhardt @renepickhardt]

@giacomozucco @niftynei I think additionslly they may also be very useful for liquidity management in the routing network. I don't think I mentioned channel factory for last mile but I agree, that is useful.

[Rene Pickhardt @renepickhardt]

@emilsandstedt Just to be clear. I made sure that I didn’t say that I don't believe you.

It is just really hard to imagine.

Also, I wonder how you always find these things

[Rene Pickhardt @renepickhardt]

@emilsandstedt As I observed the level of misinformation and confusion around strategy, I can not imagine how the level of sophistication can be even lower. It's reallyvsad that history rhymes.

[Rene Pickhardt @renepickhardt]

@Snyke Agree. In addition, as said before in public and private: LN should create an open standard for multi party routing. In this way other multi party systems would not need to be connected via 2 party channels. This would be capital efficiency and good for routing.

[Rene Pickhardt @renepickhardt]

@Snyke Kind of old but still relevant. Just recently discovered my name was removed from the list of people who happily signed and supported it: https://t.co/dHZaqDH1fQ

[Rene Pickhardt @renepickhardt]

@steepdawn974 Compute time of dijkstra's algorithm was never really a problem for the Lightning protocol. Besides, route finding (aka payment planning) is a minimum cost flow problem and not a shortest path problem (only in special cases the min cost flow corresponds to the shortest path)

[Rene Pickhardt @renepickhardt]

The sad truth many won't want to hear: #Bitcoin is far from being perfect.

Yet, after my 3 months of sabbatical and seeing some stuff, I believe more than ever that Bitcoin is the best shot we currently have to fix some of the mess in the world...