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We Study Billionaires
Lyle Noster: As we remove central authorities and sign up barriers, spam will become worse. He says the ability to actually do centralized filtering just isn't there. "I'm skeptical of things like proof of work for messages," he says. 'A SAT is recycled proof of work, and it's just as good of a filter'
Preston Pysh interviews Lyle Pratt, an entrepreneur of multiple successful businesses, and a telecommunications and spam expert. They talk about the intersection of the Bitcoin Lightning Network and how it offers a solution to the worsening spam and bots that litter our social media and phone calls.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:18 - Lyle's background as an entrepreneur founding Better Voice.
06:22 - The history of VOIP and how it relates to Bitcoin today.
06:22 - The 402 payment required in the SIP protocol.
10:24 - Lyle's story about finding Bitcoin at the intersection of telecommunications.
12:09 - What was the top thing he took away from successfully building and selling his first company?
14:15 - Lyle's newest company, Vida.
14:22 - Lyle discusses the basics of spam and why it's so prevalent.
24:53 - Spam can become worse with more decentralization.
35:42 - What does the Lightning Network bring to this problem?
54:54 - What Jiu-Jitsu and Bitcoin have in common.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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