BTC113: Bitcoin Lightning Tackling Spam w/ Vida Founder Lyle Pratt (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 18 January 2023

⏱️ ? minutes

🔗️ Recording | iTunes | RSS

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Summary

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. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Lyle Pratt's Twitter Account. Lyle Pratt's Nostr Account. Lyle's Company, Vida. Related Episode: Listen to BTC111: Nostr - Decentralized Social Media & Bitcoin w/ William Casarin, or watch the video. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota The Bitcoin Way Sun Life AT&T Industrious Meyka Range Rover Yahoo! Finance Fundrise iFlex Stretch Studios Briggs & Riley Public USPS American Express Shopify Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:03.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.
0:07.2	On today's show I have Mr. Lyle Pratt, who's an entrepreneur of multiple successful businesses,
0:12.7	he's a telecommunications and spam expert and fellow Bitcoiner.
0:17.2	On today's show we talk to Lyle about the intersection of the Bitcoin Lightning Network
0:21.4	and how it offers this amazing solution to the worsening spam and bots that litter our
0:26.5	social media and phone calls.
0:28.8	This is a fascinating chat and Lyle is just a wealth of information on this particular
0:33.1	topic.
0:34.1	So with that, I hope you guys enjoyed this conversation with Lyle Pratt.
0:38.3	You're listening to Bitcoin Fundamentals by the Investors Podcast Network.
0:47.0	Now for your host Preston Pish.
1:01.2	Hey everyone, welcome to the show.
1:02.2	I'm here with Lyle.
1:03.2	Lyle, welcome to the Investors Podcast and Bitcoin Fundamentals.
1:06.7	Howdy, yeah, I'm happy to be here.
1:08.4	I'm a long time listener.
1:10.0	I'm a long time follower of your feed because I capture tons of valuable technical knowledge
1:18.3	from you, sir.
1:20.2	You are a wealth of information.
1:21.7	I really mean you are a wealth of information and you've built things in the past, which
1:26.7	is where I kind of want to start off with the interview here.
	...

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