0 sats \ 0 replies \ @ambosstech OP 14h \ parent \ on: Amboss Targets Bitcoin Scalability with New Machine Learning Research lightning
We're testing both zeroed-out mission control and a learned mission control.
Apriori is decidedly difficult to benchmark against!
Our benchmark testing is ongoing and the initial results are extremely promising vs off the shelf LND.
In a dynamic graph like Lightning, the need for advanced computation is even greater.
You can exclusively use someone else's UTXOs by buying channels from Magma or set it to auto-buy with Hydro.
0 sats \ 1 reply \ @ambosstech 26 Apr \ parent \ on: How private is the Lightning Network? lightning
No, if, as the destination of the payment, your node data gets seized, the channel you received a payment through is now known. To back-trace the payment, an investigator would need to contact the immediate prior hop. If they refuse an unwarranted search (likely case), the investigator would need to contact each of the prior hop's channels, say 30 channels.
Each lightning payment can reliably take 4 hops, so that's 13030*30 = 2700 people to interrogate if they refuse unwarranted search.
You can decrease onchain exposure by not opening any channels yourself. Instead, by purchasing channels, you use someone else's UTXO. You can buy channels with Magma or Hydro.
The number of channels that you have makes it exponentially more difficult (or infeasible) to trace the origin of a payment, even if a node lists their contact information. Cryptography is about asymmetric work and tracing a lightning payment is an extremely heavy lift.
Reflex is a product that is only for businesses so it needed a separate site for landing, marketing materials, and future development.
Amboss space is consumer focused but we built Reflex as a subsection of Amboss to preserve the account infrastructure we created as part of Amboss.
Reflex doesn't require operating a node, but amboss space does.
That's not true. If it was, then you should be haranguing TurboTax.
If you're not running a Money Services Business, you don't have compliance obligations. This isn't for you anon.
This is something to lean into!
Mining pools need to integrate lightning to stay competitive.
https://www.theblock.co/post/289875/bitcoin-ushers-in-fourth-halving-as-miners-block-subsidy-reward-drops-to-3-125-btc
It's not only pre-halving, but we didn't write the headline.
That said, build those channels before the halving when txn fees explode
It's a phenomenal product. We use it as well as many of our contractors. Payment flexibility is baked in.
They are a simple version of coins that are minted on Bitcoin specifically using OP_Returns.
They are not designed to have any technical advantages, sidestepping problems with crypto marketing. Instead, they are named assets that are great for gambling.
Shorter token "rune" names become available as time goes on.
If you had a magic wand to change anything about the lightning experience for merchants, what would you change?
Learn the tech and see how they operate. Payment privacy on lightning is definitely not compromised. Further, lightning is the most surveillance resistant payment technology in existence that preserves audit-ability.
E-cash and lightning protocol improvements are further nails in the coffin of lightning surveillance.
The concern you state here is a major concern for businesses and the cause for them to not join the lightning network.
We want the entire world to move to better financial rails with lightning, but fintechs won't cross the Rubicon if it risks compliance (where they spend their money).
Our initial release of Reflex contains the components necessary for lightning businesses to manage their risk exposure when building on Lightning while preserving privacy. It's not a one size fits all approach and allows for each business in their respective jurisdictions to set and operationalize their policies in the absence of clear rules.
Reflex will be a much bigger product of which risk management is a small component, but it will unlock access to the world of finance outside of lightning.
Reflex is only a product for regulated exchanges that have to build the same type of thing in-house, like Strike, Kraken, and ZBD.
It shouldn't have any effect on the broader network and is a completely unrelated product from Liquidity.
While the list-making is up to you, the prices for Magma and Hydro are much lower than anything else listed.
Under Liquidity Marketplaces, please include Amboss Magma!
It actually has the most liquidity volume, especially when fees increase.