📌 What's ***PROXNUT*** All About? ... For more insights, check out the ***PROXNUT*** website and our GitHub Repository. ... . 🚀

I'm thrilled to announce that I'll be hosting an Ask Me Anything (AMA) session about ***PROXNUT***. ... I genuinely believe ***PROXNUT*** can redefine the way we approach web resource monetization. ... Think of any questions or feedback about ***PROXNUT***.
Join the conversation and let's engage!

📢 AMA with gandlaf: Unveiling ***PROXNUT***!

bitcoin

Hey Stacker Community! It's gandlaf here. 🚀

I'm thrilled to announce that I'll be hosting an Ask Me Anything (AMA) session about [PROXNUT](https://proxnut.com). PROXNUT is a Cashu proxy crafted to protect and monetize web resources, and I can't wait to delve deeper into it with you all.

📌 What's PROXNUT All About?  
At its core, PROXNUT integrates seamlessly with a Cashu, enabling users to access protected web resources using tokens. It's a bridge between content providers aiming to monetize their content and users who value it. The system works completely stateless and requires no accounts and no sign ups, and enables monetization of APIs, content and more, with privacy by default. 

📅 Date & Time: Drop your questions now! I will be answering them tomorrow from 08:00 till 11:00 AM CEST 

📍 Where: Right here on stacker.news!

Why Join the AMA?  
- Behind-the-Scenes: I'll share the inspiration behind PROXNUT and the challenges during its development.
- Direct Answers: Have questions or feedback? I'm here to address them all.
- Peek into the Future: Discover what's next for PROXNUT and how you can be a part of its journey.

How to Participate:  
1. Save the date for our AMA.
2. Think of any questions or feedback about PROXNUT.
3. Join the conversation and let's engage!

For more insights, check out the [PROXNUT website](https://proxnut.com) and our [GitHub Repository](https://github.com/gandlafbtc/proxnut).

I genuinely believe PROXNUT can redefine the way we approach web resource monetization. Whether you're a fellow developer, a content creator, or just curious, I'm eager to chat with you!

Spread the word, and let's make this AMA a knowledge-packed session! 🎉

Catch you soon,  
gandlaf


📢 AMA with gandlaf: Unveiling PROXNUT!

gandlaf21

erik_

calle

sectore

#intros #activity #announcements #L402 #legends-of-lightning

The ***PROXNUT*** Squad

Read more about ***PROXNUT*** ... We dissected ***PROXNUT*** and identified our targets. ... But it will include and make use of ***PROXNUT*** extensively.

***Proxnut***: #BuildinPublic getting up to speed

`#intros` `#activity` `#announcements` `#L402` `#legends-of-lightning`

![The PROXNUT Squad](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/c793b4f3-e2f7-4870-32e9-9618177bf700/public)

Read more about [PROXNUT](https://bolt.fun/project/proxnut)


Nutcases, Assemble!!
--------------------

The nutcases from the cashu community have decided to enter the Legends of Lightning Hackathon.

Let's introduce our team:

**Gandlaf, the Wizard**

It is said that gandlaf has mastered that way of the nut. What is the secret to bending a nut? The secret to bending a nut is to realizing the truth. There is no nut...

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/e7274bec-e81d-489d-030f-a3bce3406a00/public)

**Dr. Calle, the Doc**

The Doc discovered the ways of the nut when he wrote his PhD thesis. From this day on he's carrying the message wide and far, and found his first followers not long after. Among them? You guessed it. Gandlaf.

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/9c144706-eaf8-4df0-092f-a61fc20fab00/public)

**Erik, the Architect**

If you're gonna build something, you'll need an Erik. Or whatever you build is gonna look like crap.

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/6d7578bb-9994-4f22-1479-8c42311cca00/public)

**M A R C, the Operator**

You can't have a bunch of nutcases running wild without guidance. M A R C has been there done that before. He'll guide us to victory without casualties.

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/46be4031-c0e9-473c-2f60-ebf87f7d1800/public)

**JK, the Hacker**

Not much is known about this mysterious hacker's background. But give him a keyboard and he will turn bytes into nuts.

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/dced858a-06ec-4729-7628-74faeb8ee300/public)

What are we building?
---------------------

Well, revealing that has to wait a little bit longer. But it will include and make use of PROXNUT extensively.

This week the team assembled to get everyone up to speed...

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/71eea3b8-00f6-4cf3-c437-d9d6b263a200/public)

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/b0dc4cba-56d2-4480-1d22-fc8cf45fa700/public)

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/9d251616-e19b-4847-f9ed-a982f2fe8200/public)

Even dream a bit? .....

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/4260ab58-b1aa-4fd6-94fc-121dbee73600/public)

....Explain the setups...

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/7da4f5ed-f973-4acd-1be3-62b67169e300/public)

![](https://imagedelivery.net/wyrwp3c-j0gDDUWgnE7lig/0ca32317-ca97-413a-5b26-89f986a2e800/public)

and discuss tasks. We dissected PROXNUT and identified our targets.

Now, we started on prototyping a Proof of Concept.

To find out what exactly that is, stay tuned.

Sincerely,

🥜



Proxnut: #BuildinPublic getting up to speed

supratic

Cashu project: ***ProxNut*** – Monetize web resources with Bitcoin and Ecash.

Cashu project: ProxNut – Monetize web resources with Bitcoin and Ecash.

demo
MiniMaxis / demo
BitChange / demo
Cascadr + Data Buffets / demo
SharEarn / demo
TaskTiger / demo
***Proxnut***

Meet the BOLT🔩FUN Legends Of Lightning semi-finalists! 💎

![](https://i.imgur.com/chJ1ypD.jpg)
====================================


### After 8 weeks of hard work, we're pleased to announce our semi-finalists for the #LegendsOfLightning tournament.

I think we can all agree that the past 8 weeks have been a ride. We’ve seen some amazing projects get built by dedicated makers all over the world, accelerating the pace of Bitcoin and Lightning development and project incubation along the way. But like all great journeys, things must soon come to an end!

There was such an amazing turn out for this event but in no specific order we're pleased to bring you the 21 semi-finalists for BOLT🔩FUN’s #LegendsOfLightning tournament!

Drop a comments or 🔥 to show your support of their hard work in ushering the new generation of bitcoin open source projects and startups.

*   [USDp : the first USD on⚡️ \[10101\]](https://bolt.fun/project/10101) / [demo](https://rumble.com/embed/v3y1j3g/?pub=1mh890)
*   [Shock Wallet](https://bolt.fun/project/shocknet) / [demo](https://lightning.video/2d843133a13212686a37a40339f88d7970faaae6f728aeb2e05c8f955c99bdd6)
*   [PlebAI](https://bolt.fun/project/buildinpublic) / [demo](https://www.youtube.com/watch?v=PZvGTggAFw8&embeds_referring_euri=https%3A%2F%2Fbolt.fun%2F&feature=emb_title)
*   [BitShop](https://bolt.fun/project/bitshop) / [demo](https://us06web.zoom.us/rec/play/pPEc2mcUrYWLjK_9ext69KMPIh3ae-G7FgHz-eY2WkacWZVg7G-y8sJ5NfDXkWR9NtUw4eGqefyERNiK.E0VHDBJBlfqvukri?canPlayFromShare=true&from=share_recording_detail&startTime=1702220459000&componentName=rec-play&originRequestUrl=https%3A%2F%2Fus06web.zoom.us%2Frec%2Fshare%2FeorxixtnXPfdWP7jc-tmkJSw0y79SZkYge4BDe1jBg1lwZPWq9xphrOFbBzQJkA0.3V6Jr2fukeuOSQhq%3FstartTime%3D1702220459000)
*   [Bitcoin Connect](https://bolt.fun/project/bitcoin-connect) / [demo](https://youtu.be/yFwe6IBM-10?si=BzWwogEUnz2O82Ua)
*   [SplitSats](https://bolt.fun/project/SplitSats) / [demo](https://www.youtube.com/watch?v=6sUbBq7czvA)
*   [NostrAssets](https://bolt.fun/project/nostrassets) / [demo](https://youtu.be/tI8keMM5nBc)
*   [Bitcoin Tutuorial Japanese](https://bolt.fun/project/Bitcoin_Japanese) / [demo](https://bolt.fun/story/pitch-bitcoin-lightning-tutorial-for-new-japanese-users--1409)
*   [Resolvr](https://bolt.fun/project/resolvr) / [demo](https://www.youtube.com/watch?v=3_STomyKxa8)
*   [Abbot](https://bolt.fun/project/abbot) / [demo](https://youtu.be/K9SEt_vG7Ow)
*   [21 Dias de Bitcoin](https://bolt.fun/project/21diasBTC) / [demo](https://veintiuno.world/21diasBTC/)
*   [Kumuly Pocket](https://bolt.fun/project/kumuly_pocket) / [demo](https://www.youtube.com/playlist?list=PLRPUe5cZJyJxj8gnhyJwM5dfHU5KTveKe)
*   [Stream to Earn](https://bolt.fun/project/stream_to_earn) / [demo](https://drive.google.com/file/d/1r4D_lL9CeIBkwwIEbH-bbh2xZ1snfyzf/view)
*   [Ahoro.org](https://bolt.fun/project/ahoro) / [demo](https://ahoro.org/)
*   [MiniMaxis](https://bolt.fun/project/minimaxis) / [demo](https://youtu.be/SBaXljxBGOA)
*   [BitChange](https://bolt.fun/project/BitChange) / [demo](https://www.youtube.com/watch?v=wBxSgr5pZK8)
*   [Cascadr + Data Buffets](https://bolt.fun/project/data_buffets) / [demo](https://youtu.be/tDr96xL6jWw)
*   [SharEarn](https://bolt.fun/project/sharearn) / [demo](https://bit.ly/40d0uXh)
*   [TaskTiger](https://bolt.fun/project/tasktiger) / [demo](https://www.youtube.com/watch?time_continue=4&v=JkijYH1jybc&embeds_referring_euri=https%3A%2F%2Fbolt.fun%2F&feature=emb_title)
*   [Proxnut](https://bolt.fun/project/proxnut) / [demo](https://demo.proxnut.com/)
*   [JoinStr](https://bolt.fun/project/joinstr) / [demo](https://docs.joinstr.xyz/)

\***The list is not made by any specific ranking order**

### Closing Ceremony 🏆

![](https://i.imgur.com/r4luYBo.jpg)

Don’t forget about the highly anticipated Closing Ceremony we’re preparing for you! The finalists will get the opportunity to show their project demos live and judges will announce the winner! So set up a reminder, mark it on the calendar because we are promising you a fun time!

**See you on Sunday, December 17th at 20:00UTC!**

**Watch it on our [YouTube livestream](https://www.youtube.com/watch?v=NR1-HOS4xDA)!**

Shock & Roll!


Average node degree: 16.8
Density: 0.0334


Compared to his results for the 2022 snapshot, it looks like ***pronet***

I reran Rene Pickhardt's project on a newer snapshot. Here are the results...

### Intro

Rene's newest research on measuring the likelihood of payment possibility is up [on his Github.](https://github.com/renepickhardt/Lightning-Network-Limitations/tree/main/likelihood-of-payment-possability) He generously provided the code along with the results. He could explain the project much better than I could, but here's the TL;DR. 


If you repeatedly perform the following experiment, you create a distribution of amounts that (in a zero-fee network) describe the probability that the network can relay a payment of X satoshis.

The Experiment:
 1. Create a graph from an LN snapshot.
 2. Sample balances for channels from a uniform distribution.
 3. Get the max flow between two random peers.

You need at least 256 samples to get a stable distribution. The more samples, the more better the resolution of uncertainty. 


### Feb 2024 Snapshot Results

I ran the code on a newer snapshot of the Lightning Network. Here are the results:

![Distribution_of_likelihoods_of_possible_payment_delivery_for_various_amounts_lnd_uniform.png](https://m.stacker.news/14865)

![various_sample_sizes_lnd_uniform.png](https://m.stacker.news/14866)

Maximal sendable amounts to guarantee service level objective `P` in the full network & professional subnet

```
  P   |  FULL LN  | Professional subnet
------+-----------+--------------------
99.9% |         0 |       842508
------+-----------+--------------------
99.0% |         0 |      3417123
------+-----------+--------------------
97.5% |         0 |      4828513
------+-----------+--------------------
90.0% |       169 |      8203365
------+-----------+--------------------
80.0% |      7565 |     11583791
------+-----------+--------------------
50.0% |     62731 |     26260636
------+-----------+--------------------
33.9% |    165426 |     40333621
------+-----------+--------------------
```
Expected Service level `P` in the full network & professional subnet for various target amounts

```
  amount |   FULL LN  | Professional subnet
---------+------------+--------------------
    1000 |   88.06%   |    99.99%
---------+------------+--------------------
   10000 |   77.62%   |    99.99%
---------+------------+--------------------
  100000 |   40.85%   |    99.98%
---------+------------+--------------------
 1000000 |   12.29%   |    99.87%
---------+------------+--------------------
```

```
 Full Network:
===============================
Number of Nodes: 16555
Number of Edges: 58093.0
Total Capacity: 4955 BTC
Average Liquidity per node: 29.0M sats
Average node degree:  3.5
Density: 0.0004


 Professional Network:
===============================
Number of Nodes: 1009
Number of Edges: 17000.0
Total Capacity: 3309 BTC
Average Liquidity per node: 328.0M sats
Average node degree: 16.8
Density: 0.0334

```

Compared to his results for the 2022 snapshot, it looks like pronet can relay payments with 99.9% probability that are order of magnitudes higher than in 2022. In contrast, the full network cannot relay any payments with >97.5% probability. In fact, SLA's for most payment sizes decreased for the full net, except for the larger payments whose SLA's increased slightly. 


### Beta Distribution 

I also tried sampling from a different kind of distribution for the channel balances. Instead of sampling from a uniform distribution which assigns an equal probability for all possible balances of a channel, I chose to use a beta distribution to describe the balances. Assume for each channel that 40% of the time, the funds are on the left node's side, 40% of the time the funds are on the right nodes side, and 20% of the time the balance is somewhere in between. This scenario can be described using a beta distribution.

Under this assumption, the amounts of that can be relayed at certain SLA levels are generally lower. The effect this assumption had on the results of the older snapshot (not included) were more profound. However, In the newer snapshots, the results for either assumption converge for the lower level SLA's and will most likely continue to do so as the network evolves. 

[Beta Distribution Examples](https://i0.wp.com/statisticsbyjim.com/wp-content/uploads/2022/05/beta_distribution_examples.png?w=576&ssl=1)


![Distribution_of_likelihoods_of_possible_payment_delivery_for_various_amounts_lnd_beta.png](https://m.stacker.news/14871)

![various_sample_sizes_lnd_beta.png](https://m.stacker.news/14872)


Maximal sendable amounts to guarantee service level objective `P` in the full network & professional subnet


```
  P   |  FULL LN  | Professional subnet
------+-----------+--------------------
99.9% |         0 |       457670
------+-----------+--------------------
99.0% |         0 |      2755395
------+-----------+--------------------
97.5% |         0 |      4331736
------+-----------+--------------------
90.0% |         1 |      7842446
------+-----------+--------------------
80.0% |      2245 |     11383657
------+-----------+--------------------
50.0% |     50456 |     26212081
------+-----------+--------------------
33.9% |    137741 |     40392638
------+-----------+--------------------
```

Expected Service level `P` in the full network & professional subnet for various target amounts

```
  amount |   FULL LN  | Professional subnet
---------+------------+--------------------
    1000 |   83.74%   |    99.99%
---------+------------+--------------------
   10000 |   70.34%   |    99.98%
---------+------------+--------------------
  100000 |   37.58%   |    99.95%
---------+------------+--------------------
 1000000 |   11.12%   |    99.81%
---------+------------+--------------------
```

Thanks Rene for sharing your code so that it can be experimented with.


Questions/Comments/Corrections welcome! 



random_

Drugs, Erratic Dismissals and Feuding Founders: Behind Paxful’s Unraveling

shadowymartian

Pax GPT - Jameson Lopp

nout

Egge

PlebRap ⚡️

WasabiGPT

Rsync25

What Is A UtreeXO?

TheBTCManual

Orange pill

I have couple of friends to orange pill but they're not willing to read any books that I suggest (because they're too lazy).

Is there any good article to link to them? Maybe something like "Bitcoin Standard for dummies". It should include some history of money and an explanation of fiat monetary system and not so much of a technical aspects.

I know it requires much more to understand bitcoin than just an article but you gotta start somewhere...

Thanks in advance. 

blockguard

@provolone's bio

provolone

♻️ Bitcoin UTXOs

keyhiro

@Nims's bio

Nims

Schadenfomo?

I’m looking for a word to describe both the anxiety I feel when todays DCA doesn’t buy as much as yesterdays and the simultaneous joy I feel as the purchasing power of my stack grows. Anyone else experience this? It’s a kind of, but not really, a little bit of FOMO and little bit of schadenfreude.  What do I call this feeling?

@wsc1encex's bio

wsc1encex

"My final act as CEO of Paxful: Go login now and claim your [Unlocked] funds!"🧵

P2P_bitcoin

Commentatoooor

Stacker News is filled with great content (best collection out there) but there’s relatively little action in the comments section. Also relatively few sats being sent by readers. 

Here is your guide to life
**Cafe: order food, tip the waitress**
**YouTube: watch a video, like the video** (and comment)
**SN: Read a post, leave a comment** (and boost a sat) 

This will cause you to pause and enjoy the contributions more as well as make the platform better. 

Bixxxin

noStrudel

nostr

isolabellart

поколение

после того как все поняли что такое биткоин и как им пользоваться, появилось новое поколение которое не знает что такое биткоин... и так по кругу... неужели ничего нельзя сделать?