What Bitcoin Did

How Bitcoin Is Changing the World | Erik Hersman, Phillip Walton, Eric Yakes & Mark Kamau

Dec 8, 2025
Join Eric Yakes, co-founder of Gridless and Bitcoin mining entrepreneur, Phillip Walton, energy project expert, and Mark Kamau, Kenyan UX designer, as they explore the transformative power of Bitcoin for electrifying remote African communities. They discuss the journey to the off-grid village of Saru, how Bitcoin mining makes energy projects profitable, and the failures of traditional NGOs. Learn about the emerging circular Bitcoin economies in Kenya and how local insights shape the future of energy and technology adoption.
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INSIGHT

Abundant Energy Catalyzes Local Enterprise

  • Abundant cheap energy unlocks local entrepreneurship rather than imposing prescribed uses.
  • Community-driven demand (welders, fridges, printers) shapes how electrification multiplies benefits.
ADVICE

Use Bitcoin Revenue To Lower Local Rates

  • Try pricing local wholesale energy low enough so co-ops can charge affordable retail rates and still profit.
  • Use Bitcoin revenue to subsidize rollout and improve local affordability.
ANECDOTE

Sharing A Goat With Elders

  • The hosts were invited to a communal goat dinner and one guest volunteered to slaughter the goat as a gesture of goodwill.
  • They paid market price for the goat so the community earned cash and shared the meal.
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