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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
Is There a Cash Lag?
When you go to pay your energy bill today, what you're going to see is that you're paying for energy that you consumed in a previous month. So it's often the case that we're paying for a bill weeks, if not months later. And by the time that the money then moves to the other counterparties upstream, it can be months to, in some cases, we've heard 120 days. It's that cash lag, which is really sort of,. I think the starting point of the issues, it's sort of one side of the problem that we're working to solve.
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