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BCB110_ERIK HERSMAN: Powering Africa’s Future—Bitcoin as a Solution to the African Energy Problem

Blue Collar Bitcoin

CHAPTER

Why Bitcoin Is the Only Thing That Can Subsidize Energy Generation

Eric Liu: Gridless is showcasing a way that Bitcoin can subsidize energy generation, do it in a green manner using hydroelectricity or solar panels. He says people have tried every other thing in Africa to make mini grids be sustainable and they haven't worked. Liu: If you want to actually push the edge of electrification in Africa, you have to use mini grids. The only business that can make them be sustainable is Bitcoin mining.

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