Thread by @renepickhardt

Optimally Reliable & Cheap Payment Flows on the Lightning Network

the joint work with @stefanwouldgo is now (as promised) in the #open: arxiv.org/abs/2107.05322

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

Thread: 1 / 15

I wonder what @jack will say if he finds out that the main results & ideas were already on @twitter all the time:
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https://twitter.com/renepickhardt/status/1372169686251626499

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https://twitter.com/renepickhardt/status/1385144337907044352

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https://twitter.com/renepickhardt/status/1397559345139888137

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https://twitter.com/renepickhardt/status/1401514950984712198

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https://twitter.com/renepickhardt/status/1402249369232023559

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https://twitter.com/stefanwouldgo/status/1412158904008646660

2/15

Because of my illness there was a delay and the source code of the min cost solver implementations that @stefanwouldgo and I created will be delayed by a few more days but it should be conceptually straight forward anyway.

That being said I want to thank some people...
3/15

First of all my thank goes to @stefanwouldgo for finding the time to fully commit to this work. Our almost daily calls filled with curiosity about the theory of Min Cost Flows was one of the most satisfying academic experiences in my life and I will be forever grateful ❤️

4/15

Thank you to every one giving feedback & ideas to my question of how to handle this #yolo (

https://twitter.com/renepickhardt/status/1398248328798801921

)

I had the honor and privilege to conduct many exciting discussions with some of the smartest people getting many perspectives which was a great experience

5/15

Thank you to 77 people already donating more than 62mBTC since yesterday via the #lightningnetwork at

donate.ln.rene-pickhardt.de

and for finding very nice and touching words! Maybe I should follow the hint by @fulmolightning and I depict some comments on the Web page?

6/15

Thx to 49 people who already pledge to support me on patreon.com/renepickhardt until recurring payments with BOLT 12 offers by @rusty_twit become more stable

It's not sufficient to cover my monthly bills yet but it gives me great confidence that the community can pull it of

7/15

Huge thanks to @PeterMcCormack and @aantonop for pledging a 10k Euro donation each during the @WhatBitcoinDid show yesterday to help me kickstarting my journey towards becoming an independent #LightningNetwork researcher

* ln.rene-pickhardt.de
* donate.ln.rene-pickhardt.de

8/15

Thanks to 7 people sending 47 mBTC on chain to bc1qw8220g7wwv7y0kr0chfmgp9shkkqz7kutlnzyf

But I have to say that I am extremely delighted to see that Lightning is winning by 11x more donations and also by a larger total amount!

This technology fucking works!!!

9 / 15

Another huge thanks has to go to @karger and MITOpenCourseWare for creating this amazing lecture serious that in particular covered Min Cost Flows and was a delight to watch and learn from! In particular as we found out he seems to like #bitcoin

https://twitter.com/karger/status/1401562171964854275

10 / 15

I was lucky to have the mentoring and encouragement by @snyke to focus on the optimal MPP-splitting problem after the probabilisitic path finding was known:

arxiv.org/abs/2103.08576

He even had the modesty to withdraw from the project as it became time too time intensive

11/15

A big thanks to @thecoinspondent for doing the @HonigdachsPod show for the German community and being so flexible with the release date while still being busy with the @MagFutMon story telling book project

and for the reply by @MarkusTurm who started to set #zeroBaseFee

12/15

Thanks to @four9four to reaching out after I presented some initial and open ended questions about the payment splitting problem during the #LightningHackspring by @fulmolightning in March / April.

And thanks goes to many more friends who I assume wish to stay private.

13/15

Because of the tragic loss I cannot thank @aaronsw but I will mention @beadmomsw instead. While it turned out bad for her, her family & her boy she should know that his actions and words changed the world and encouraged me to fight for open knowledge and #openaccess

14/15

In that spirit a big shoutout to all open source developers & researchers building amazing things. (not only in #bitcoin #LightningNetwork )

Without out your work, time and effort nothing of this would have been possible!

We are building on the shoulders of giants!!!

15/15