The entire product does payment operations for businesses and business needs are very different from consumers.
With Elizabeth Warren and others grandstanding against Bitcoin as being money for criminals, businesses using lightning are in a bind. How can they show that they aren't participating in nefarious behavior? "Take my word for it" has been their best option to date.
Reflex gives each business the ability to configure a payment policy on what laws to abide by (or to ignore). OFAC is a huge one, especially for international businesses, that is make-or-break for many companies.
This tool isn't meant to support any financial censorship laws; it is meant to support an individual's decision to comply with programmatic payment policies and documentation to demonstrate their practices to regulators or banks.
Reflex has no ability to enforce payment policies or peering policies (it just organizes public info and gives a pass/fail).
What's critical to understand is that many businesses in the lightning space are wasting money trying to launch their products and are getting blocked by regulators (some since 2018!!) or are getting de-banked. This is harmful to the industry's growth.
As an analogy, just because the Internet is used by criminals doesn't mean that every business using the Internet is also a criminal. Reflex gives businesses a clear separation between their activity and the activity of criminals.
what is the difference between this tool , Reflex, that you are building (and selling ) to facilitate state surveillance compliance and Chainalysis, in your opinion? Or, is Chainalysis and the surveillance tools they sell not a problem, in your opinion? genuinely curious im certainly not an expert.
Im just not personally behind your justification of this is what businesses need being a reason or excuse to build such a product considering the whole point of bitcoin is to route around these obstructions and the legacy system.. this is not the kind of building i care to support. But, its your choice of course so 🤙
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The existing "compliance" solutions are provided by companies that win through enforcement actions. The solutions that they provide also aren't suitable for lightning since they largely rely on heuristics.
Our solution is built to help businesses navigate regulation and flexible based on their jurisdictional requirements. Amboss wins with more businesses thriving in lightning, not more enforcement actions.
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Who gets to decide what makes something "criminal"?
Very disappointing answer. You clearly misunderstand the purpose of Bitcoin and seem to be actively complicit in aiding criminals in their endeavors of controlling the money.
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What's "criminal" or not is a judgement and that is not Reflex's job to determine. The purpose of Reflex is to apply a business's policies to information and provide documentation to the business.
This is not an enforcement tool; it is a tool to help businesses navigate regulation and get bank accounts for their operations.
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"I just built the gulags so I'm not complicit in their use." -- Amboss
Do better.
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