Episode #152: The Power of Lightning

This episode’s guest is Austin Mitchell, the CEO of Synota, where he is using the power of the Bitcoin lightning network to change the way that energy payments are made.

Austin has a background in the traditional energy world and has worked for a variety of energy companies during his career. From the experience he gained working in the utility sector, he saw how the Bitcoin network had the potential to change the financial side of how energy is monetized.

This episode we discuss the power of proof-of-work, and how it ties the physical world to the financial world. We discuss how Bitcoin is changing the energy landscape and how the Bitcoin network is a base layer that developers can build on to create second and third layer payment solutions for energy companies.

Lastly, we talk about the future of monetizing energy, and how in a not too distant future, using the lightning network will feel as obvious as using the internet does today.