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tv   Bitcoin in Latin America  Deutsche Welle  January 16, 2024 2:15am-3:01am CET

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on our social media channels, our handle is at dw news. hello from the whole team here in berlin. thanks so much for watching. take care and staging the trast fashion as an environmental 9. a clothing graveyard, immature land desert. this is where things wealthy industrial nations no longer need and lightest textile waste gets stranded fashion, watch now on youtube the, the el salvador
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at the foot of the contract. go up. ok, now. this is the future site of the coins city. here's how it will look. since the countries presidents, the steps there. well, it's not clean up and i can search for just arriving. uh, but uh, a little uh, lay down the uh mattress. uh, got a little micro kitchen just to, uh, the one man will. citadel hunt no front door. um it's pretty safe around here. i haven't seen a bad guy since since i've been here. and so i in oregon, sleep out on the beach or it just, you know there's, there's no trouble or worries. was
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it the 30 the time? my name's corbin. keegan, elder quintero. the 1st resident of the coin city. the e mail, salvador is the beacon of light and hope for the queen. 6 is not just the money, but everything built on the money. the here in guatemala lake, got you, the line is dying. and big coin mining is the solution.
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all of that material is waste. that can be turned into energy that can be turned into decline the positive outcomes. almost no one knew el salvador before. lots of us are only here because of it pointing because it's an opportunity for a global economic collaboration i inhabit where settled when they go. so, but it's a business for the elite, i think it's the poor is the community. so you have the lease to gain from an economic system like this. but i think the point for when you talk about the chat about it is related to the point. well, it can be clean, easily, bad, and so your country. so that's what's happening right now. we're here for with a big cleaners, bringing this to the people i'm explaining what
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a great opportunity and the tia and vanessa challenge to bitcoin is one to shake things on tours. loved very small town on the volcanic like that. it lines, but it's picturesque landscapes. i'm strong in teaching this culture. this is l e s k. hi. hello. hello, how are you? great, i'm just getting the oil pretty old frying oil that will turn into a new big coins to be. let's go to completed a couple of cases. a big problem in guatemala normal. if we don't collect the oil, people will just chuck it some way, which is fine for the environment. the symposium i bought in may,
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i'm being that because when it rains, it goes right into the lake. by the next, i'm in the i live on that. now we have a solution for that. and well, it's incredible. it was in the unit in the backyard next to a car repair shop is car boom. who made bitcoin machine and he has a t. hi. once to use it to mind digital goals, 1st, the filters food read that you use out of the old cooking oil and then it's ready to fuel the own diesel machine. the electricity generated power, small computers, which perform cryptographic operations for the global bitcoin brokercheck. in return, they receive small sums of bit coins at least one minds about $3.00 a day, one on the whole. they don't run out. we've been dealing with you for $3.00 plus
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about $1.00 a day on this one. i'm happy. i can tell you some like coffee inbetween where you're living right next to could boom is prime on your site. most people, i'm a musician, various instruments with trumpet, bass, drums, keyboard. but when the violin, he doesn't understand why it has to be so noisy. here i keep telling them to get a muffler, then it will be quieter. americana . i'll probably we'd be going. creating bit coins from waste was an idea that areas are key high going from
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patrick meld. uh, well this is what i call the hit. are all covered in vines and, and foliage. and if you look at what's going on here, we've got the necessary ingredients to break down organic waste and create methane . and for our purposes, we would capture this methane and flare it create energy in mind. bit going, the organic waste ponce has been inactive for yes. can i to get to the grid is too expensive. so waste water just flows past it. could big coins from me saying mining finally get it up and running. this is low hanging fruit for us to help the community. and again, it's just another demonstration that big coin is the only thing that could come in here and fix this problem. the next level would be the solid waste facility, and then we have created a, a real virtuous cycle of taking waste and creating pick point and improving the
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economy and proving that community and protecting the environment, patrick mailed, i came here from the us as a christian missionary, now he leads the logo, bitcoin project with the same zeal. i have a love for this community. i love her guatemala and i love to help people. so if i have a tool that can be used to help people, then you know why not, why not do that? most people here have no bank accounts and done save money. these to want to change that. they've already convinced shop, keep up a, treat, the toner so in the past. but if she had spec cash, she used it to buy more stock. now she has a big calling, wallet, a new customers. they scanned the coupon code and pick coins with land. and while it's on the block chain and the it'd be clements and we're going to put this on a form of a name that's been calling is great and it's a way of investing more patrick told us that the price was actually a have. but if i regularly invest some of the process i'll have more life. okay.
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can then mosley invest these or not? because at some point, maybe not now, but even a year or 2, the price could explode or sales for the explicit yeah, this looks like a orange pill. someone is due on both them to be calling. every goal is that how are you waiting? the phone is emmy normally say yes, i don't know. i'm eli is from the like a big calling project that has to be cool and makes practical sense for your business list. why? because you get a lot of tourists from the us and the rest of the world goes, they pay with visa or mastercard, and those companies get a 5 to 8 percent commission. seeing it's different, we'd be pulling, the customers can send you money directly without commission bowman w. stay in the middle. in the night, the motorcycle rental company is skeptical in 2021 l sounds. it all became the 1st country to accept big coins as legal 10 to
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jeff got us is a big coin out from germany. these parts of a german delegation touring through bitcoin country. there's a big conference coming out. that's a special thing about bitcoin. yeah, there's no headquarters instead, and so they were conferences with people meet them and bring this internet culture into the real world. and and el salvador is really special because it's a whole country that except to be going to physically put executed. so it's like one big laboratory level, a toy off to one failed attempt he pays in big coined. so now it's worked. this is jeff kinda says 2nd visit ever since l sounds little dump too big coin as a currency. it's been a promised land, a big coin is what about the locals today,
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shatt and this euphoria let's go the number and speak the i'm think to opinion, said the journalist from el salvador and kind of human this. it seems the state of emergency independent journalism has become increasingly dangerous. i mean that there are threats and restrictions when there's some people why it's happening in spite on till next. the one boy that saw the girl you are the late be when the whole big coin thing started in 2021. the government loans to be campaign to say we were on the way to becoming a will the can no make power as the 1st country to implement be going the i list it for said if we made a place to be put on september 7th, and then by the one year anniversary, the government didn't say a single word about the big coins here. you know, we had a know nothing and that's all up allowed. why not? why? you know, sort of living in 2022 after a spike in homicides both. are it is declared, the state of emergency in el salvador victo opinion takes us to posit limited in
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the hall to the capitals and salvador to see some of the effects. the bi mahoney is we're going to kind of black market. the goods, the sale here are often obtained illicitly, not a heavy leasing that way, but that's a form of trade that many people here depend on to get their living. and yes, if i more to him that gets, we'll see. so that's a black market right in a city center. until recently, it was a very dangerous place to visit. el salvador is one of the highest rates of gang violence in the well. since declaring a state of emergency, the government has imprisoned over 66000 village gang members without valid trials or something. there was always conflict here on the games used to clash with each other. but that's pretty much over now. when we all know, so in
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a way the government is doing a good job because they're trying to do something good for the people of a window, but a but equivalent. but lots of people are having a hard time because they're innocent. relatives are in prison when they doesn't seem to might as well because india models will finance as you know, sent them into the wall on games. most security comes at the cost of basic human rights to be clean. revolution is on hold. the states beat calling while it chiva has been largely abandoned. only a few locals use it was in the cooling. yes, we have the, it was doing pretty well in the beginning, but less so lightly. i don't know why the problem is little sign a bit calling you for you in the center of san salvador. the next morning we had to one of the porous regions in the country. the president's high profile.
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the project is underway here. bitcoin mining using volcanic energy, the journalist victo opinion, wants to find out if locals will benefit from the projects he meets with community leaders in the municipality of that, in all hello, nice to meet you to was, i'm victo opinion, but i was told it's a great place you on the, on the way to one of the nearby villages all scovella ask is, wants to show us something that's worrying people. i fear it is this one up along the in, in the here you are, that's the power station where they're developing the good coins is a raw material. says the government, the but as a community, we don't really know what's going on it quite april $0.40, and we're the ones who could end up suffering negative consequences. and mr. legato,
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if there are profits and how would they be distributed among the citizens in the end? that's the most important thing, and they say, well, you know, my import a bunch of, you know, there are room is of money coming in. that will be very welcome in this impoverished region, the, the bitcoin at the base comp, incense sounds at all. and we're leaving now. so think about the big coin delegation is also heading, depending on an exclusive visit to the goes to them all power plants. so if you don't see a geothermal power plant like this every day, all those pipes and miss themes, the power coming out of the mountain and also getting to see how it's use directly from mining. there's at least one mine in there. maybe they've even expanded the mining operators and that they all see mining puts on pacific subjects. visitors are rarely allowed inside the power plants. geothermal energy is an important
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source of power for the country. heat from the nearby volcanoes, tens ground water into steam, which drives turbines to generate green electricity. president, now you have to kayla has promised that this kind of green energy will supply bitcoin city. this would make green bitcoin mining possible. jeff got us because already visited this site last year we're allowed to look inside, but he won't tell us which devices are in there with the current cash rate is on the network or how much is already been mined. that's all classify my part of the society or to push me updates on such as buying, right. let's see if we see anything. it's not over yet. here we go.
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a few kilometers away. we learn about living conditions here. when, how many families live here? there are 76 families in the community. i see. so no one has running more sense. there's no there's no, well here, the community, you collect the rain going to in this rusty tank. this is bad drinking water. soon . it will be the dry season. music i've had here. thank goodness we haven't had any terrible diseases. i mean i can, but i have the children sometimes get diarrhea from the water, but i'm a harder unless you pass the own way. but to improve the situation, we'd need support from a governmental or non governmental institution and i don't know what 11000 and that for you at, especially when the tank gets empty on the lower line. thank you. it. the net one that you would like to have a proper water pipeline so that the families wouldn't always have supplies that
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have been if you see on the left, i mean in the middle of this last forest. water isn't luxury. families live here with minimal infrastructure. no sewage systems, no paved roads rationing is common. the why is there a lot? you think it's a just on people's feeling, the water for the rest. you want the only open the tap when we hand out the water rations. if the, if someone would lie. a 2nd for someone else who will not allow a fall pocket. so going to pass family day in dry months, even less. some of the energy generated at the g as the mold power plant goes towards a bitcoin mine on site. the delegation wants to know
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how many big coins are being mined with the computers here, but they only get a quick look inside a no answers. the projected have nothing has changed compared to last year. we'll try to analyze it a bit more later from the photos and videos. we know roughly what's going on here. no big limits that much of the kind of a you ever go president to kayla county da's dental mining is the key technology for the big calling nice ation of the country. today, the project feels neglected. an ultra modern potemkin village. back in the real village with a sanchez family, douglas and his wife have raised 7 daughters and several grandchildren without access to clean drinking water. he also has rain won't always feel good to his guest. the vic to penya pretends to drink. to politeness
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sees this case and sure the water is also said to help with anxiety, a little buckle. see then just most likely to go. now the topic a going back on that is that gets to the thing i'm going to call you here about is how these bitcoin profits are going to solve the countries problem. me and look at some point now i can't get that. i'm yeah, yeah. and, and maybe something we'll change it on the for the see you put a hand blow super heavy, but it's true that it will support a lot of projects. that's great and not one from the political a city. when, if i know that i don't want to be selfish about that, but we have a real emergency here with drinking. why? the number one of them that i had to check it out. i wonder fixed and i work for family a little without the infrastructure.
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investment douglas center says grand. some will also grow up without running water . victo opinion, doubts the bitcoin will help with that. what are you at the ending but it's what needs to maybe it will help the big investors and the government itself. everyone who believes in and promotes these between religion and miss beverly. but i don't think it will help communities like these. at least i don't see a plan that also takes to pull people into account. but i want to say, i know somebody okay out of it really gets to me, it hurts to see children in these conditions. especially because i have a daughter bad by identifying with the feeling that may work, but i always say that i do this work because i have the advantage of seeing these needs. i was right on the front lines i was i have the advantage of seeing these needs. i was right on the front lines. i soon enough what i say,
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but it really get us to meet necessity that the payment. i mean the up, it may go to the family, chill the middle of the family gioviatto, it's just painful to say children and having to live like this and pick on wants them. okay. and what's the basis? i want to give these people avoiding sort of too expensive and people who are being condemned to silence since the stone, you know, then sealants, god, if they could come and settled your could. ok, i think i can bridge the gap here. so important that but i so that's why i'm doing everything. i can to tell that story along the way that the one that he started with the facts in what patrick nelda is. uh us case, i have set up
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a bit calling. want it for the stock of a motorcycle rental company. are you list? i'm going to the metal mary lou key sending you money right now. you know say yes. reach to transactions there. instantaneous. and then $1.00. and where can i withdraw this in cash? just so you can move it on like a human atm. you call me and i'll give you the money. you'll bank, give me beat coins and i'll give you cash. it's very simple and we don't charge you anything for the exchange. so no quarter or more we want to in a very exciting and once people understand how it works, everyone move on to use the coding. i have some doubts right now, but i'll have to discuss it with the boss 1st. let's see, looks interesting, but i'm not totally sure, especially because the value fluctuate so much the sunrise in kind of
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chance. the st. dogs, a waking up a patrick nelda is speaking at a school. today. we're going to introduce the new bitcoin coursework. me put him out of decline and 3 d printer, it's going to be exciting. the children at these private school are supposed to learn about bitcoin and why it's important for them. well, welcome, everybody. big point is a, is a month. okay, just like what i have in my pocket, just some money. that's paper money. and big point is a digital month. almost a little book. let's talk about big cooling the recording is digital money. he said, is cool is that is a key hi. translates because patrick mailed it doesn't spill down, it is the middle of the heat, the, the difference between this and this is the government says,
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this is worth something. but the government says, this isn't worth anything. i can buy hundreds of these pads and, and make as much of this as a, if i wanted to predicate zone is i could make it make as much of it as i wanted to . that's essentially what the government's doing with the gets a bit coined is my goal, it's what we call digital gold. you can start saving it now, so that when you're older, uh you have much greater well. proponents came the big calling based development age would help reduce dependence on the global no. and that this or tommy would create sustainable prosperity will to everyone trust these grand promises. being too many the incense sounds. i don't, jeff got a, some counties delegation are about to attend an event at the ministry. el salvador
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native nelson, you know, is also joining them. the event is geared towards bitcoin us, but the dig attached to it, i'm excited to hear about the digital strategy of so there are still some unanswered questions, even from last year. what's going on with bitcoin city? what's planned, what's happening in my experience, we can ask, i'm pretty open questions at these meetings and also talk to the experts in the old and the answer to the best of their knowledge. nelson n o has lived in germany for several years. he hopes bitcoin can help his native country. i'm have got him a year and a half ago, i only talked to bill salvador some way to visit because my parents lived here before i started cc. how much then business develop really lots of people are saying that al salvatore could eventually become a country like seeing a pull of that. and i see that the opportunities, the math i can see. but we have very big challenge and also to them. nelson inno is looking forward to getting new information from the government,
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just like everyone else here. the minister of the economy has cancelled fund president boot kayla is causing will speak. she gives the same presentation about big calling as long as the city. is there a timeframe or she will detail that when you go to bills, things like the do all the benefits needed to our the city about which city we do not have and try to be created. we have like projects, faith calling. this is starting to wonder how seriously the government is taking the big calling project. as well as the flights of steps. i don't think the slides are the lecture provided any answers about how this is going to be implemented, or a time frame of when it will all take place. the questionnaire is what's really behind this. is this just made for investors?
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what will come of you in the end possibly that. so the question we turn to one of the countries most critical economic voices. tatiana model keen, well, i know how are you, are you saying? yeah, i have a pretty bad fever, but i hope will be better and 2 days then we can skype and peace. journalist victo opinion wants to show us how many people in el salvador and money, la, my already i left for let's see on this device. and not most people here don't have a formal joke, no steady monthly income. so they subsist, they search as we say here. so please said i won't got one more thing when we arrive at the traditional capital market in the east of the country. the data hadn't been there. not even that many people know me,
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that you want to understand the economic dynamics of these country, these, these, the reality people get up very early in some drive for 4 hours just to buy and sell capital. that's what i would have been very confidence. so the novel victor opinion has been used documenting these capital markets for a phone type project. business here is a cash in hand. any bell rebates is a professional hagler? hey, what's that one worth back there? i'm going in. lots of strong animals. get that it will give me 10 more. i'll forget it. i'll go over there. every dona is handled over the profit margins us me and have to sprint fund
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a brand. see you video like the $1600.00 very oh no. the 15th, i think going, no, no, it's not worth anything here. it's not for them or you don't know what it is. they say this money is in circulation, but it doesn't work here. i get on the we want dollars the these lines don't trade is don't like the idea of the coins. the land fitness of people need to smell the money to feel it in their hands. and so they show they can use it, how they had it. and they've got on the they get when that's how the local economies built in the money. it's, i think almost of course big coin has nice male yellow. it'd be going no way
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back at the ministry. the big polinos confront the governments about the crash at the crypto exchange at the x. they want to know if the data and coins are affected on says a not both coming goes down. those are the big going on. he's only running away from exchange for exchange. unfortunately, we don't have that time. you have to come back for you that some people come to the discussions of those to network beat calling and the state . and it really was difficult to then cash. there's a culture clash between bitcoin culture and politics. bitcoin is very open and transparent. people, it's critical in the sense of being scientifically inquisitive. and big corners are people who are very open and honest, who want answers to everything. and in general,
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politicians are people who just say whatever they need to, when in doubt, they'll say they don't, you know, rather than giving an honest answer us interprets how do you guys aren't stuck the we ask economies, tatiana model keen watch. she thinks after a yeah. a big going hello. the promise was financially inclusion. that's what the between law says. we can actually see that there's no benefit in financial inclusion, not for people leaving inside of our and not for people being outside and send them. remington stores have both. it's actually too risky, and i think it's the same reason why people in february is not using it. the state gave every citizen a want it to a big going was $30.00. when tatiana opened, has she saw her account was already being used. it was stolen. yes. be going
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into the sideboard. it's a representation of how the government act, like hiding a lot of information and they do things from one day to the other. and if you, as a citizen created size, some of the things are the details about what they are doing. they actually harass you. so yeah, there are a lot of journalists that has the gases. i have big as to the spice software on her cell phone installed, bye. have a government the fact that kinda such an it's an important thing for the logo, bitcoin project. the biggest challenge is raising the money and we're in a barrel market right now. and when we're in a barrel marking excitement and enthusiasm about investing them, bitcoin projects just kind of goes down naturally as you would expect. and so it,
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because of that it's, it's super challenging. yeah. patrick mailed the has invited big coin is from all over the world, possibly because he urgency needs investors. but above all, he needs popularity. but he's mining from waste project. the prototype has to, we know that his gas, bitcoin mining for environmental protection, sounds good, but can it be implemented on a large scale? everyone here knows that boom only generates tiny sums of money connected to the great because i have 3 electricity. i think it's great. yeah, i don't know how well it scales off, but it's a fantastic issue. they say they make money here, but i don't see any come out. all right,
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so thanks for coming in. yeah, it looks junky. it looks homemade because it is. but what we've demonstrated here is a proof of concept. there's a reason there's no wind or solar capacity here because it's too expensive, it's waste from population centers. okay, what can we do at the lowest cost and nominator the cheapest way possible to get mining going in and financial? and this is, this is, it just makes perfect sense for decentralizing mining and hash for the big point networks. and this is a way to bring in developing countries in the global so to be a part of this revolution. not just creating a big point, circular economy where people bring a big horn, but actually bring the technology, which is super, super excited. now that they've seen the prototype, it's time for the main project, the heading into the mountains to issue each dumpsite the
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today sense sounds. it all begins hosting one of the most important bits calling conferences in the world, adopting bitcoin j one. and this is partly about how you promote the adoption of bit coins, how you get that out to the people. oh, salvador is a permanent starting point, of course, because it's already relevant here in practical terms. but it's also about how to make a big claim better and faster. so instead of 100, so big going is entrepreneurs and developers have a right on don't age by price drops in the past few months, the conferences focus is on making big calling more accessible. jeff comments is chairing a panel on the topic, the ball. they discussed technical problems on stage. others up busy networking
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nelson in other things, there's been too little education so far. he's developed to tutorial, to help with that. give me a community. we need more ways of showing between to the people who need it most. and these are not the people who come here from europe or north america. it's the cell, the door and food have the opportunity to use the coin every day. the get. in fact, the movie tie probably stay on the students and indeed us, they stay in low new on the other end of the country, victo opinion visits the place where bitcoin city is set to be built, the most kind of like a hint, then they'll get us when young, it smells that people don't want to drain, but we can dream of 1st well projects when we don't have the basic education pearl seem like on the last say the week good core access to health care indeed cannot
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make policies a bankrupt. so what do you think i have going on because it's done in cuba. there's no sign of the mega project, but i'm at the old. the president promised a new airport as a connection to be coined c. c. from the promise to pacific train from it. he promised a bridge for the last 2 of those highway of charles, he promised to stadium that you, but we haven't seen any of it so fun and will be spent on the 5th. what is the machine that could you imagine going abroad? if the political situation continues like this, alex here. so if so could open the informal you don't want to can. only time will tell us how to be aggressions into tax are getting worse and more threatening color in my flip the coffee, how many lessons? and because i'm a pessimist, i think we'll have to go that way eventually get ok coming. look at them, look at them. and in that one moment they don't care.
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but wherever i go, i still work as a journal entry. well, yes. and you're not seeing the doing the, the max kaiser has advised el salvador was president. the, the conference comes to an end. there was a lot of talk about freedom and sovereignty. and little about this situation in the country. the current state of emergency wasn't discussed on any panel in any of the individuals in here. we were at a big between conference and we're not here to talk about the human rights situation in el salvador. i think when you, when those salvatore,
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you have to take off the european glasses book and try to observe it as impartially as possible as much of drawing our own conclusions when done. listen, i mean we're not politicians either specifically or individuals who have come together here other than that was the as him forbid coin. i'll answer the mentioned the, all right, now it's working and those salvador and maybe they'll come a point when it doesn't work anymore. i don't have any definite answers either. several can, including on board bitcoin, in el salvador today seems like more of a symbol than a payment system. they means very different things to different people. for some, it's the dawn of a digital future. for others, it sounds more like another wild goose chase, the
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it's a final stop in guatemala. the time here is to ton trash into digital goals and help find the tackle the trash problem in kind of such as the a came what the my very sense to see how trash is managed here in guatemala. as long as we can see tvs, you'd see 100 times more, which will eat the sad thing is that apple locations don't care about anything course. and those are but a coupon for them. uh, there are people who leave off trash. i shouldn't think you'd be the, the lowest would when it rains this just pours down seats into the water shed. and then if you get over here, all of this trash in some form, all the contaminants are coming out of this landfill down into the water shed and into the lake. and that's, that's the problem that we're trying to solve. patrick mount the wants to build
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a plant for waste, salting, and bio gas. he'll make it profitable by using the electricity generates to mind big coins, a multi $1000000.00 project. and our model, we want to take some of that big core into decentralized basic income. and put it back into the community because this is, this is their waste. so they have a right to retain that, that benefit, that goal. you know, when the spaniards in new europeans were here 4 to 500 years ago, they took all the gold from the land, massive transfer wells from central south america, took it to europe, and the coins digital gold, and the digital go, it doesn't look like gold but it's energy, digital gold, and we want it to stay here in central and south america. there's certainly no lack of vision among bitcoin is in latin america. they want to believe that they coin will help everyone. 6
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6 6 6 6 6 6 6 6 6 6 6 as the female stars, the theme knology both a k a donkey, darlene long term abm, w. a lot of health no fear, no limit, no mercy. in 13 minutes on dw curtis men and women have fled from it on
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to the mountains. curtis, men and women have fled from it on to the mountains of neighboring dog. and hence, they are claiming for resistance against police seem to run what is driving them the dogs, curtis resistance to you know, as we seem to know, stopped in 19 minutes on d. w, the someone else to the cd highlighted selected for you, you every week. a new a box subscribe. now sometimes a seed is all you need to allow big ideas to grow. we're bringing an environmental
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conservation to life with learning facts like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can make a difference. knowledge grows through sharing, download it now for the, the, the, is the w news and these are our top stories in the us. republicans are choosing their preferred nominees in the iowa presidential caucuses, while former president donald trump has a big lead in opinion polls a close contest for 2nd place is expected. former south carolina governor nikki haley is attempting to stay ahead of florida. governor, randa santas is really authorities. a woman has been killed and more than
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