In March 2023, Silicon Valley Bank collapsed.
Amboss didn’t bank there—but our payroll provider did.
Half a payroll vanished overnight.
They told us: "You'll need to resend the funds."
That moment revealed a few (very personal) stark truths about traditional banking:
1. You don’t control your money. Even if your bank survives, their partner’s might not.
2. Diversifying banks isn’t enough. Hidden counter-parties = hidden risk.
3. Their reserve requirement is 0%. Your balance is an IOU backed by nothing.
4. Bitcoin and Lightning are your answer. No trust required.
That’s why we’re building Amboss.
To create financial sovereignty—and convenience—at scale.
#lightningnetwork #amboss
They told us: "You'll need to resend the funds."
That moment revealed a few (very personal) stark truths about traditional banking:
1. You don’t control your money. Even if your bank survives, their partner’s might not.
2. Diversifying banks isn’t enough. Hidden counter-parties = hidden risk.
3. Their reserve requirement is 0%. Your balance is an IOU backed by nothing.
4. Bitcoin and Lightning are your answer. No trust required.
That’s why we’re building Amboss.
To create financial sovereignty—and convenience—at scale.
#lightningnetwork #amboss