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Austin Mitchell

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2022-11-02
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2022-11-02
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  1. Yeah, so right after graduating from the University of Dayton, I went to Carnegie Mellon and started a PhD program in engineering and public policy. And so that really kind of fit who I am, which was, you know, I'm an engineer. I like the technical side. But I would also like to understand what does this mean, bigger picture? How do we take science and technology and apply it to the real world? And so that was really the focus of the program. And as I was starting school there, Marcel is shale. So this is the big shale formation that underlies Pennsylvania, Ohio, and West Virginia primarily. And that was just starting to get going. So had the opportunity to really focus my time there, just really understanding shale gas development, what it meant for the area. And kind of my approach to my thesis was actually picking three different hot topics and just sort of trying to provide objectivity to the understanding. And so I kind of ended with this interesting thesis where sort of there was like one paper that was sort of very, you know,

    2022-11-02 · We Study Billionaires · BTC102: Bitcoin Lightning Network Changing the Energy Sector w/ Austin Mitchell (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  2. Usually there's usually a handful of things that most chomps, especially homes that were built back in the day have. So my home, for example, built in the 50s, did not come with any insulation, came with single pane windows, drafty things. It's stuff like that that you can, those things take some money, but oftentimes there's actually incentives or programs to help offset some of the costs. It's also surprising to me when it's just little things like closing windows in the daytime like southern facing windows. So there are a ton of ways to conserve energy, to use less. And most people aren't really aware of that. So I think that experience there helped me get in touch with how energy is really essential in people's lives. And it was more than just what I observed in the textbook.

    2022-11-02 · We Study Billionaires · BTC102: Bitcoin Lightning Network Changing the Energy Sector w/ Austin Mitchell (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  3. Funny aside, and something that at each step in my career that I've had the opportunity to see was the fact that when we put together all the information, you divide how much energy a house uses by the size of the house. And one of the first things that I noticed was, hey, there was this kind of a cluster of homes in the very far right of the distribution. And what my professor told me is like, well, those are the people that either have five hot tubs or they are growing some marijuana. And so it was sort of in that moment where you just really kind of pick up on, okay, this is what energy really is. This is how it affects people's lives. And I had the opportunity to get into people's homes, help them save money, help them find areas to be more efficient.

    2022-11-02 · We Study Billionaires · BTC102: Bitcoin Lightning Network Changing the Energy Sector w/ Austin Mitchell (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  4. Yeah, thank you. There was definitely a moment in my career where I actually realized that there was some intentionality behind how I was sort of stepping through different roles in different companies. I think that probably happened somewhere after I finished my PhD at Carnegie Mellon back in 2013, where I sort of faced an opportunity to say, hey, do I want to continue down one path or do I really want to sort of flip and go from academia over to the business side? So my career in energy really started at the University of Dayton when I was a mechanical engineering student. And one of the things that was really neat is I had an opportunity to participate in some applied research on energy efficiency. And what we were doing is we were looking at people's energy consumption, both electricity and gas, and we were trying to figure out, hey, why are people using more energy than others? And it was sort of in that moment that energy became this thing that was in a textbook, you know, just talking about the ability to do work. And now it became something real. And just as a

    2022-11-02 · We Study Billionaires · BTC102: Bitcoin Lightning Network Changing the Energy Sector w/ Austin Mitchell (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT