In this episode we explain that supply and demand, fundamental principles in economics, also apply to Bitcoin and its pricing. These forces can either increase or decrease supply and demand, thereby affecting price. Bitcoin was developed to address issues like inflation that erode people’s purchasing power over time. Traditional financial systems, managed by governments or…
In this episode, the focus is on the role of incentives in blockchain technology, specifically in Bitcoin, to ensure network security. Two main consensus algorithms for providing these incentives are discussed: Proof of Work (PoW) and Proof of Stake (PoS). In PoW, miners use computational power to solve complex equations, thereby creating new coins and…
In this episode, we discuss the recent political upheaval in Sri Lanka due to high inflation and examines the role of cryptocurrencies like Bitcoin in the global economy. The conversation explores the evolving definitions and forms of money, from barter systems to digital currencies. We emphasize that Bitcoin serves as digital money, sharing similar properties…
In this episode we discuss how the Melanin Solar project uses blockchain technology and CPU mining to enable community members to trade electricity. Utilizing the Lightning Network and the Whive protocol, the system allows energy to be stored and shared as digital tokens. Over 2,000 people are expected to gain affordable power access through this…
John Karanja, CEO of Melanin Solar and co-founder of BitHub Africa, presented at a conference on the topic of utilizing blockchain technology to advance sustainable energy adoption across Africa. Speaking from a rural region in Kenya, John highlighted that a significant portion (around 65%) of the African population lacks access to consistent energy, even though…
In a live episode discussing Black individuals in the cryptocurrency space, the hosts introduce John Karanja, a pivotal figure in the community. John, is an admin of “Black People in Cryptocurrency” Facebook group and a contributor for the Whive protocol, the first African-led blockchain decentralized proof-of-work blockchain. The conversation initially dives into the controversial statement…
