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.
→ Synota: https://www.synota.io/
→ Stakwork: https://stakwork.com/
This show is a Lightning podcast. That means instead of asking for likes or shares, I ask for sats.
The best way to show your support is to download Fountain from the App Store, load your wallet with some sats, and send them over the Lightning Network to firstname.lastname@example.org.
→ Fountain: https://www.fountain.fm/
→ More Episodes: https://play.fountain.fm/show/P6XXuSPg6f2rj4ECB0fT
→ Lightning Address: ⚡email@example.com
→ Stack Sats: https://www.stacksats.how/
→ Twitter: https://twitter.com/kerooke
→ Blog: https://www.kevinrooke.com/blog
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