Rene Pickhardt
@renepickhardt
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#Bitcoin & #lightningnetwork developer & educator demanding open knowledge! Proud member of @wikimediaDE @de_Serlo & former #BTW17 Frontrunner of @piratenpartei
Gjøvik, Norge
Joined January 2011
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.
Optimally Reliable & Cheap Payment Flows on the Lightning Network. the joint work with @stefanwouldgo is now (as promised) in the #open: . This method should allow us to .⚡️ send large #Bitcoin amounts over the #LightningNetwork ⚡️. Thread: 1 / 15.
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RT @joakimbook: Presenting BM Big Read, with @emilsandstedt's new report on @Strategy. Mincing no words, Sandstedt says the quiet bit out….
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Does anyone know a good resource that compares #bitcoin's proof of work to karl marx's labor theory of value?. Yes, I know Marx is opposing the subjective theory of value. Yet it seems to me there are some parallels from Marx's theory and how PoW helps bitcoin to emerge as money.
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RT @bitcoinoptech: Earlier today, Bryan Bishop (@kanzure), Robin Linus (@robin_linus), and Rene Pickhardt (@renepickhardt) joined Murch and….
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Ja, ich weiß nicht jeder mag ÖRR und @ZDF aber die Doku zum Thema @Gewaltschutz für Männer an der ich mitgewirkt habe ist sehr gelungen!. Wir planen Verfassungsbeschwerde bzgl. der Exklusion von Männern im neuen #Gewalthilfegesetz. Kennt wer gute Anwälte?.
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Proudly shared code for Optimal Off Chain Channel replenishment (aka circular rebalancing). As mentioned, this was a hard one with many dead ends and the reason for my silence in 2025. Actually I never thought I'd find a solution to liquidity management.
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BEFORE REBALANCING: 34.2% of all channels have liquidity from 0.4 to 0.6. * Optimal x has distance 49808.2 to x0.* Feasible integer x has a distance of 49808.9 to x0. rebalanced 15.64% of the total capacity. AFTER REBALANCING: 81.1% of all channels have liquidity from 0.4 to 0.6
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RT @ChaincodeLabs: Is Bitcoin ready for the quantum era?. Read our report at:. @ClaraShik & @ozdeadman explore the….
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Btw if I am not overseeing something, then using the L1 norm makes the problem linear and computationally much better to handle than using eukleadian distance. In any case I think I can transform the integer problem for L2 norm to an ILP approximation utilizing the geometry.
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RT @blksresearch: Not ECDSA. Not Schnorr. Meet DahLIAS 🌺. A full aggregate signature scheme, that actually works on Bitcoin’s curve!. New b….
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I found an optimal off-chain rebalancing scheme to mitigate channel depletion!. It's based on the mathematical theory of payment channel networks!. With Quadratic optimization we find a feasible liquidity state closest to the center of all liquidity states! (other goals possible)
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What is essentially needed is a way to approximate MCF via independent agents who only use local information: . A starting point may be this:. which unfortunately points me only to literature that I am already aware of and says it may be tricky.
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Last weeks my reseach was stuck BUT. I finally may have found a working rebalancing protocol for the network to mitigate depletion (to increase reliability). Idea: MCF(-fee,demand=0). Disclaimer: currently it needs a central coordinator but I am confident this can be removed
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Ich freue mich wahnsinnig darauf diesen Sommer ehrenamtlich mit @IjomaMangold 17 Tage lang einen Kurs über Bitcoin für die deutsche Schülerakademie zu gestalten!. Ich glaube das wird wirklich spannend für die 16 hochbegabten Jugendlichen in unserem Kurs.
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RT @OpenSats: 2024 YEAR IN REVIEW. Our goal is to be the most efficient, transparent, and effective global charity in the world. This missi….
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As there seems to be an ongoing confusion about the so called #bitcoin yield, mNAV and $mstr I suggest to invest 1 hour to read this excellt article by @bezantdenier. Before I was aware of his article I came to similar conclusions after I studyed the SEC filings for several hours.
"All Your Models are Destroyed — The Rise and Future Fall of MicroStrategy". New MicroStrategy report published. Read it if you are interested in what is going on with the company, or send it to friends or relatives who are "all in". Iron sharpens iron.
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Pushing LN to it's limits & researching solutions can be frustrating at times. Seeing @rusty_twit - one of the most OG lightning developers - being excited that he built xpay on top of my research was a very rewarding xmas present (; Thank you for the kind words & your hard work!.
Episode #41 of @BlockstreamTalk is here with CLN Lead @rusty_twit!. Join host @KnutsonJesse as they dive into the Great Script Restoration, the open-source @Core_LN project, and how @BlksGreenlight is powering 150K Lightning nodes. 🎧 Listen: 📺 Watch:
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Don't get fooled by his santa costume!. A gift was given to him by those buying MSTR last week ATM. His mstr shares acreeded by about 429 BTC. 19,998,580 saylor's shares / 244,858,000 total shares.× 5,262 acquired BTC = 429 saylor's new BTC. (Assuming correct numbers/math).
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Ich habe nicht so viel Zeit alle deutschen bitcoin pocasts regelmäßig zu hören. Habe gerade mal bei dem üblichen verdächtigen geschaut und alle außer @HonigdachsPod scheinen das narrativ von saylor mehr oder weniger unkritisch zu übernehmen. Ich hoffe ich habe etwas übersehen!.
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After 14 billion usd flew into this thing since the beginning of november I guess we see retail demand declines. Maybe because more and more people realize what kind of deal they are getting into is after they read @bezantdenier 's work.
"All Your Models are Destroyed — The Rise and Future Fall of MicroStrategy". New MicroStrategy report published. Read it if you are interested in what is going on with the company, or send it to friends or relatives who are "all in". Iron sharpens iron.
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