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Austin Mitchell is the co-founder and CEO of Synota, a platform providing instant payments for energy generators, distributors, and consumers by leveraging Bitcoin’s Lightning Network.
In our conversation we discussed the complexity of the energy value chain, the risks associated with the cash lags that energy companies are exposed to, and we discussed how Synota’s technology will reduce risks and lower costs across the energy industry
Timestamps
00:00 – Intro
01:52 – Austin Mitchell Intro
06:24 – Energy Production & Consumption
14:06 – How Distributed is the Energy Industry?
32:14 – How Synota Will Improve the Energy Industry
38:32 – The Addressable Opportunity for Improved Energy Payments
50:16 – Synota’s Business Model
52:26 – Why is Synota Focusing on Bitcoin Miners?
1:02:48 – The Lightning Round