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283 sats \ 0 replies \ @aisaacsmitchell 15 Dec 2022 \ on: Synota AMA - Money at the Speed of Energy bitcoin
I'm headed out. Max is still on point if any new questions come in throughout the day. Thank you all for your interest in Synota. Exciting times ahead! We are grateful to be part of this community and welcome your feedback along the way!
Our investors were excited by the compelling use case. We didn't focus on Bitcoin the asset. We represented ourselves as a Bitcoin technology company ("BTC") that uses Bitcoin as a medium of exchange.
Yes! Syn = together, with. Nota (from "nota bien" a legal term to describe something that's noted well) = note, mark
Thanks @alijaz! Equally bullish on Bolt Observer :)
Instant settlements opens the door to more granular pricing of energy which will benefit the economics for distributed energy resources. Tough to say when we'll be able to crack into this space in a meaningful way, but we have strong interest from some big players. Generally, to make headway in retail we'll need better on-ramps.
Multiple third-parties provide such services. We will integrate with those that can provide these services cost-effectively and compliantly. Down the road this could be a competitive process.
Also important to note that energy suppliers largely have no interest in receiving bitcoin and have concerns about their exposure to BTC/USD. Our solution allows them to receive USD without any exposure.
GENESIS