0 sats \ 0 replies \ @ambosstech OP 23 Apr \ parent \ on: Amboss Adds Continuous Monitoring for MSBs lightning
That's beyond our ability to monitor; we primarily deal with analyzing already public data.
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.
Congrats on this!
Bringin has been crushing it at navigating the challenging regulatory environment to connect to fiat rails. Happy to see them get good lightning infrastructure as well.
Love this!
As bitcoiners, we have to catch ourselves when we've become accustomed to moralizing the choice of asset. While Bitcoin is a moral choice of money, that shouldn't extend to moralizing the use of money. Money will be used for good and bad things and the tech needs to work in both cases, especially at the protocol level.
Bitcoin will be used for speculation, gambling, drug trafficking, terrorism, but it will more importantly be used for your child's allowance, humanitarian projects, buying a home, and settling a dispute.
Bitcoin is neutral and that is one of its greatest features.
We get it. You don't like a single tool we created (that wasn't built for you). Please don't use it. Please stick to the other things we've built for folks like yourself such as:
- A lightning explorer
- A channel backup system
- A directory of lightning addresses
- An API
- A keysend billboard
- A lightning stats dashboard
- A Thunderhub integration
- A free ghost lightning address
- A liquidity marketplace
- Liquidity automation
For all the lightning business (like StackerNews) that need to build compliance tooling (like exchanges and custodians), we just made it way easier so you don't have to waste time building it yourselves.
Bitcoin doesn't need anything to be successful; it's already a massive success.
Bitcoin businesses are less certain. The pitch that they have to make is that their company will disrupt the financial system. This gets pitched while the business struggles to acquire and maintain a standard business bank account.