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BTC102: Bitcoin Lightning Network Changing the Energy Sector w/ Austin Mitchell (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Are We Paying for Inefficiency?
Preston: How much of the expense, if you would go from the top line of 100 and maybe the bottom line for one of an energy company, what are their margins? 8%, 6%, something like that? How much of that expense structure that's eating away, we'll just use that really easy numbers. Yeah, I think that our conservative estimate is 10% of the cost of energy. So back office overhead, fees from intermediaries, it's really sort of a poster child for inefficiency.
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