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tv   Bitcoin in Latin America  Deutsche Welle  January 16, 2024 5:15am-6:01am CET

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better known as big klein. don't forget there's always more on our website and our social media channels where our handle is always at the news. i'm hot. thanks so much for me and the whole team here in berlin state you and take care of the can you see is what old car tires have to do with the production? here's a hands on the real media. 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 it 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 you're just, you know, there's, there's no trouble or worries
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washer. the 30 i my name's corbin. keegan elder coin narrow the 1st residence of big pointing the e mail. salvador is the beacon of light and hope for the coin. fix is not just the money, but everything built on the money. the here in guatemala lake got to find is dying in between mining is the
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solution. all of that material is waste. that can be turned into energy that can be turned into decline the last name on the contract. well, no. so no one knew el salvador before, lots of us are only here because of good coining, because it's an opportunity for global economic collaboration. i inhabit the west when they go. so, but it's a business for the lead. i think it's the poor is communities who have the lease to gain from an economic system like this. but i still have the point for when you talk about bins, tango, it is related to the point. well, it can be clean easily bad. and so you're con, 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 at the bottom are you in front of such as 2 big corners, one to shake things on chores long face small town on the volcanic you like to live with it's picturesque landscapes. i'm strong in teaching this culture. this is eddie s a k. hi. hello. hello. how are you? great. i'm just getting the oil. pretty old frying oil that will turn into a new bit coins to be. let's go to completely a couple pieces. a big problem in guatemala normal if we don't collect the oil, people will just chuck it somewhere which is sent to the environment. so this is
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the, me i'm getting 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 a while as a unit in the backyard next to a car repair shop is a boom. a home made bitcoin machine and he has a key hi wants to use it to mind digital goals. first, 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 block chain. in return, they receive small sums of bit coins, least one mines about $3.00 a day, but on the whole they don't run out. we've been dealing with you for $3.00,
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plus about $1.00 a day on this one. i'm happy. i can tell you some like coffee in between where you're living right next to cub, boom is prime on your site. most people, i'm a musician, a various instruments, trumpet, bass, drums, seaboard, marine 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 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 in foliage. and if you look at what's going on here, we've got the necessary ingredients to break down organic waste and create missing . and for our purposes we would capture dismissing and flare it create energy and mine bit going, the organic waste. cons has been inactive, but yes. can i to get to the grid is too expensive. so waste water just flows past it. could bait 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 point 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 as a real virtuous cycle of taking waste and creating bitcoin and improving the
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economy and proving that community and protecting the environment. patrick mount came here from the us as a christian missionary. now he leads the logo, bitcoin project with the same zeal. i have a lot for this community. i love her guatemala and i love to help people. so if i have a tool that i can use to help people, then you know why not, why not do that? most people here have no bank accounts and don't save money. these 2 wants to change that. they've already convinced trump keep up a, treat the toner soon in the past, but if she has bad cash, she used it to buy more stock. now she has a big calling, wallet, a new customers. they scanned the coupon code big coins land in her wallet 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, it's a way of investing more. patrick told us that the cost was actually a have, but if i regularly invest some of the process i'll have more life. okay. can they
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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 a big point. here we go. is that how are you waiting? the phone is emmy numbers and yes, i don't know. i'm eli is from the like a big calling project that is between makes practical sense for your business list . why? because you get a lot of tourists from the us and the rest of the world. those 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 commissioner pullman 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 in statement for there are conferences when people meet them and bring this internet culture into the real world. and and oh salvatore 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 adaptive bit coined 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 little 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 only talent as the 1st country to implement be going to be at least 4 settings for the medical you have it 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, if you had a know nothing and that's all up allowed. why not? and why? you know, sort of living in 2022 after a spike in homicides. both parties declare the state of emergency in el salvador
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victo opinion takes us to posit limited in the hall to the capital san salvador to see some of the effects. the bi mahoney is we're going to kind of black market in 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 window, but a lot of equivalent. but lots of people are having a hard time because they're innocent. relatives are in prison when they doesn't seem to model because india models will finance, as you know, is implemented in 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. wallet 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. this is little sign of bit calling you for you in the center of sense, solve it. on the next morning, we had to one of the poor risk regions in the country. the presidents,
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high profile. 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 when up a lot of the in, in the here you are, that's the power station with their developing. the big coins is a raw material. says the government, the but as a community, we don't really know what's going on it. what happened, of course events, and we're the ones who could end up suffering negative consequences in just
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a little got them. if there are profits and how will they be distributed among the citizens in the end? that's the most important thing and they're so cool. most of i have to wait on this to wherever you know, my input a bunch of, you know, there a room is of money coming in. that will be very welcome in this impoverished region, the, the bitcoin at the base comp inside sales at all. and we're leaving now, so think about the big coin delegation is also heading to that means on an exclusive visit to the goes to an old panel of times you don't see a geothermal power plant like this every day, all those pipes and this theme, 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 parts 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. the,
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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 dan drinking water. soon . it will be the dry season. you're going to be out here. thank goodness we haven't had any terrible diseases on the items that have the children sometimes get diarrhea from the water. but i mean hard, unless you pass the own way, but to improve the situation, we'd need support from a governmental or non governmental institution. and i'm, and i don't know what i'm in patent 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 will always have supplies that have
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been if you see on the left a minute 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 of these again, it's a just on people's feeling the water for the rest. if you want the only open the tap when you hand out the water rations. if the, if someone will lie, a 2nd for some of us will not allow a fall pocket. so going to pass timely per 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 mind with the computers here. but they only get a quick look inside a no answers, the project that 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 year ago president who kayla counted g as dental mining as 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, wanted with sugar to his gas. mama victor penya pretends to drink out of 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. and that is that because of 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 them up. yeah, yeah. and, and maybe something we'll change it on the for the see you put a handle on where you have the but it's true that it will support a lot of projects. that's great. and not a month on that for the echo a city when i'm, 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 pencil without the infrastructure
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investment douglas sanchez's grand. some will also grow up without running water. victo opinion, doubts that big coin will help with that. what are you at the ending but it's what needs to maybe it will help the big invest is in 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 a town to him. but i want to say, i know somebody, okay. i would have, it really gets to me, it hurts to see children in these conditions. he died 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 line. they give me a for, i see, but it really get us to meet necessity. i the payment. i mean the up it may go to the family. chill
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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 to 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 got evicted, comments out on 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 the story and the way that the point that he started with the facts in what patrick nelda is us case. i have set up
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a bit calling wallets for the stock of a motorcycle rental company. are you list? i'm going to the metal mini lukea sending you money right now. you'll say yes, reach to transactions that are instantaneous, sometimes. 1 dollar. and where can i withdraw this in cash? just say i'm like a human atm. you call me and i'll give you the money you'll bring. what do you give me beat coins and i'll give you cash. it's very simple. and we don't charge you anything for the exchange. no, no, go what i'm gonna want you on a very exciting and once people understand how it works, everyone move on to use the coding. i have some dallas 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 more,
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less the sunrise in kind of a chance. the street 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 as opposed to learn about bitcoin and why it's important for them. well, welcome everybody. the point is uh, is a money. okay, just like what i have in my pocket get some money. that's paper money. see i and big point is a digital mind. what was the level book? let's talk about big cooling the recording is digital money. he said, is goal 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 if i wanted to predicate zone is i could make it make as much of it as i want it to. that's essentially what the government's doing with it 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 aid would help reduce dependence on the global know that this or tommy would create sustainable prosperity will to everyone trust these grand promises. being too many the incense sounds, little jeff got us some time to use delegation or about to attend an event at the ministry. el salvador native nelson, you know,
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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 el salvador could eventually become a country like seeing a pull of that and, and i see that the opportunities, the math i can see. but we have very big challenges. nelson n o 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 city. we do not have a try to be created. we have like projects page calling. this is starting to wonder how seriously the government is taking the big calling project as well as lots and lots of 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. generally civic to opinion wants to show us how many people in el salvador and money la, my already i left, 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've 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 use documenting these capital markets for a fund type projects. business here is a cash in hand. any valerie of us 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 don't to is handled over. the profit margins are small and have to scratch fine. a brand seal video
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like the $1600.00. very oh no 15 take between no, no, it's not worth anything here. no 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 these nice 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. i've had it and they've got on the they get when that's how the local economies built in the money is that seek on most of course big coin has nice now. yeah. look at some of the of it. it'd be going no way back to the ministry. the big
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polinos confront the governments about the crash at the crypto exchange, f t x. they want to know if the data and big coins are affected on says a not to both coming goes down. those are the, the big going on. he's only running away from industries 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. give them bitcoin is very open and transparent and it's critical in the sense of being scientifically inquisitive. and big corners are people who are very open and honest about 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 surface, how do you guys are stuck the we ask economies, tatiana model keen walk. she thinks after. 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 benefits in financial inclusion, not for people leaving inside of our and not for people being outside and send them remington suicide. but it's actually too risky, and i think it's the same reason why people in several ways not using it. the state gave every citizen a want it to big going was $30.00. when tatiana opened, has she saw her account was already being used. it was stolen. yes. be
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going into the sideboard. it's a representation of how the government not like hiding a lot of information and they do things from one day to the other. and if you are so citizen, criticize some of the things or the details about what they are doing, they actually harass you. so yeah, there are a lot of jordan, a lease that has the guy who's i have big as to spies software on her cell phone. installed, bye, have a government the bank depend on such an it's an important day for the long ago 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 martin excitement and enthusiasm about investing them bitcoin projects
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just kind of goes down naturally as you would expect. and so it, 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. that 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 because they have re electricity. i think it's great. yeah, i don't know how well it scales off, but it's a fantastic initiative. 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 in nominator, the cheapest way possible to get mining going in and financial, and this is, this, is it? this makes perfect sense for decentralizing mining and hash for the big point network . 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's on sounds. it all begins hosting, one of the most important bits calling conferences in the world. adopting bitcoin j one. again, 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 and see best on shadow. hundreds of big coin is entrepreneurs and developers have arrived 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 while 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 salvadorans food have the opportunity to use bitcoin every day. the get. in fact, the movie tie probably stay on the students and indeed us, they stay in low new on. at 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 yell. it's not 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 cor, access to health care,
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indeed cannot 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 makeup project, but i'm at the old. the president promised a new airport as a connection to be coin cc, from the promise to pacific train from it. he promised a bridge for the last 2 of those highway of charles. he promised the 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 here's how could ok, the import. oh, you don't mind can. only time will tell us that the aggressions into tax are getting worse and more threatening kind of in my flight up the coffee having that center. and because i'm a pessimist, i think we'll have to go that way eventually. good. ok. who's coming? look at them and look at them at the moment.
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ok. but wherever i go, i still work as a journal entry will. yes, and you'll see in the video in the the max kaiser has advised el salvador as 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 watson discussed on any panel, does any of these individuals in here. we're 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 look and try to observe it as impartially as possible. as much as a drawing of own conclusions when done, listen, i mean we're not politicians either specifically or individuals who have come together here other than those the as i'm forbid coins. i'll answer the mentioned deal and right now it's working and those salvatore and it's something maybe they'll come a point when it doesn't work anymore. i don't have any definite answers either. several can including encore bitcoin in el salvador today seems like more of a symbol then 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 our final stop in guatemala. the plan here is to turn trash into digital goals and help find the tackle the trash problem in kind of such as the and i came with the my very sad to see how trash he's managed here in guatemala. as long as we get c t 's, you'd see 100 times more, which will eat the sad thing is that out full of patients don't care about anything course. and those are but a coupon for the there are people who leave of trash. i sent that give you the, the lowest with 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 melner 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 and the 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 big coins, digital gold, and the digital go, it doesn't look like gold but it's energy as digital gold and we want it to stay here in central and south america. there's certainly no lack of vision among the big cleaners in latin america. they want to believe that they coin will help everyone the. 6 6
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6 6 6 6 6 6 6 6 6 6 so the india project time goes tens, 50 the animal rights activists and madhya pradesh. take a holistic approach. it's not that that goes on more important than the words or the monkeys, or don't mind tigers become of people out on which all the conversion efforts can we focus to benefit full far as well as eco india in 30 minutes on the w cost about why does that
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because now i'm leaving the new host to join us for an exciting inspiration. and everything in between the most is the video and audio production d w. i hope that you will tune it. so you don't think do the same way you expect and more different things from life than your parents. i just want to pursue what that's my thoughts or you think your kid is 2 different, risky, irresponsible, reasonable stop in port in those nonsense. i was under the doctor still in the cloud. it's time to to see vehicle your generation with
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a sleep us. i'm them. when generation as class this week on d, w is kind of fun. it feels like therapy, the, the this is the w news and these are our top stories in the us, republicans are choosing their preferred nominees in the iowa presidential candidates, while former president, donald trump, has a big lead and opinion pose a close contest for 2nd place is expected for him or a sized car laying a governor nikki haley is attempting to stay ahead of florida governor run desantis is rarely authorities say women has been killed and more than a dozen people injured in the suspected stopping and car robbing attacks north of
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