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tv   Bitcoin in Latin America  Deutsche Welle  January 17, 2024 10:15am-11:00am CET

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the row see now base it will not take kindly to this, but i don't see it having super long reaching consequences for trump much past the primary season. with that you're up to date on dw this. thank you so much for watching. taking the gold smith. i'm not saying in the late seventy's shlomo smiles. now i'm going to go step bob. now the man who had to maintain him to use light to wagner was date. was it suicide? the evidence raised has done what really happened. starts january 27th on dw, the el salvador
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at the foot of the contract. go up. ok, now. this is the future side of the coin city. here's how it will look. since the countries presidents the extent there well it's not clean up and i can search for just arriving. uh, but uh little lay down it uh mattress. uh got a little micro kitchen just to uh so one man will sit adel, hook, no front door and 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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washing the 30 i my name's corbin. keegan, elder quintero. the 1st residence, big pointing the recording here in el 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 you. the line is dying and big coin 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 positive outcomes almost. and 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. hi and how about where it's at when they go. so, but it's a business for the elite, i think it's the poor community. so you have the least the gain from an economic system like this. but i think the point for when you talk about in tango, it is related to the point. well, if the big queen is going 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 at the bottom are you in front of a child to bitcoin is one to shake things on chores long face 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? i'm just getting the oil. pretty old frying oil that will turn into a new bit cooling. let's go to completely a couple of cases. a big problem in guatemala normal. if we don't collect the oil, people will just chuck it somewhere, which is fine for the environment. the may i'm being that because when it rains,
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it goes right into the light. 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, a t hi. once to use it to mind digital goals. first, the filters food residues down to the old cooking oil and then it's ready to fuel the own diesel machine. or the like tricity generated power, small computers which perform cryptographic operations for the global bitcoin block chain. in return, they receive small sums of bit coins at 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 inbetween where you're living right next to cub. 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 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 methane . and for our purposes, we would capture this methane and flare it create energy in mind. big point, the organic waste ponce has been inactive for yes. connecting it to the great is too expensive, so wasteful to adjust the flow has passed it could bait coins from me. same 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 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 love 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 done save money. these 2 wants to change that. they've already convinced trump keep up a, treat the toner so in the past, but if she had spat 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 land in her wallet on the block chain. and the fun. it'd be clements move when a 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. can then
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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 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 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 with between 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 in state. and so there are conferences when 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 of toy. off to one failed attempt. he pays in big coins. 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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shat, and this euphoria let's go the number and speak to 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 domestic 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 only talent 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 paid coins here. you know, we 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 all thirties declared the state of emergency in el salvador
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victo opinion takes us to posit limited in 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 at least at least 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 ledger 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 the symptom of the finances, 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 big calling, wallet chiva has been launch leah band. only a few locals use it, but the name 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 sense. solve it on the next morning, we had to one of the forest regions in the country. the presidents,
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high profile. the project is underway here. bitcoin mining using volcanic energy. journalist victo opinion wants to find out if locals will benefit from the project . 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 thought it was it's a great place you on them 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 to this one up along the cave in it, and that's the, that's the power station where they're 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 quite a bit, but of course events. and we're the ones who could end up suffering negative consequences in just a little gotta,
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if there are profits and how will they be distributed among the citizens in the end? that's the most important thing. and this will go mostly what i threw it on the well, again, i'm looking for a bunch of, you know, there are room is of money coming in. that will be very welcome in this impoverished region, the bitcoin base camp in san salvador. and we're leaving now the big claim delegation is also heading to banning on an exclusive visit to the cios to him all power plants have. you don't see a geothermal power plant like this every day. all those pipes and the steam power coming out of the mountain and also getting to see how it's used directly from mining. there's at least one mine in there. maybe they've even expanded the mining operators in the bill of the mining about some pacific subjects. visitors are rarely allowed inside the power plants and geothermal energy is an important source
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of power for the country. heat from the nearby volcanoes, tens ground water into steam, which drives turbines to generate green electricity. president. now your book 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 cache rate is on the network or how much it's already been mined. that's all classify my board, that's design a good personal updates on this 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. no one has running water. no. there's no, well here the community collect the rain going to in this rusty tank. this is dan drinking water. soon. it will be the dry season. it 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 mean, i don't know what, 11009 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 board, it looks like we do that right? 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 will not allow a fall pocket. so both that past 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 town to 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, the vic to penya pretends to drink out of politeness.
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see this case and sure the water is also said to help with anxiety, a little buckle seat, and just most of his to go now the topic a going back on that is that gets a thing i'm going to call you here about is how these big coin profits are going to solve the countries problem and okay, so, but 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 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. uh, 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 to many hands figured out. i wonder if pix and my wife, for 5 me a pencil. 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 be invest is 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 and see what i want to say. and also with okay, out of it really gets to me it hurts to see children in these conditions. especially because i have a daughter medic 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 like, you know what i see, but it really gets to me, how can i assist you either? and then i mean the, it'll make her fam,
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which of the may go to the family. it's just painful to see children having to lift like these and pick them wants them. okay. and what's the basis? i want to give these people a voice for k expensive and people who's being condemned to silence since the storm, you know, then sealants, god, they make the comments that on your cut. 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 along the way that it went that way. he started with the facts in guatemala, patrick nelda and l. e. as uh, us case hi has set up a bit calling wallets for the stuff of a motorcycle rental company. are you list?
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i'm going to the metal mini lukea sending you money right now. you know, say yes, reach to transactions. they're instantaneous. sometimes. 1 dollar. and where can i withdraw this in cash? just so you can move 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 or 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 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. sunrise impact chance. the st.
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dogs, a waking up patrick melinda, is speaking after school. today. we're going to introduce the new bitcoin coursework. me put him out of the coin and 3 d printer. it's going to be exciting. the children at these private school a supposed to learn about big coins and why it's important for them. well, welcome, everybody. big point is a, 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 month. what was the level book? let's talk about big cooling. the recording is digital money. he said, is going is that is a case high translates because patrick mailed it doesn't spilled on it and is the middle of the heat the, the difference between this and this is the government says, this is worth something, but the government says, this isn't worth anything i can buy hundreds of these pads and,
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and make as much of this as if i wanted to predicate zone is i can make it make as much of it as i wanted to. that's essentially what the government's doing was to get so big coins is my goal is what we call digital gold. you can start saving it now, so that when you're older and you have much greater well, proponents came the big calling based development age would help reduce dependence on the global know and that this or telling them a would create sustainable prosperity. not everyone trusts these grand promises. being too many the incense sounds i don't. jeff gallus county's delegation are allowed to attend an event at the ministry. el salvador native nelson, you know, is also joining them. the event is geared towards bitcoin us. but the dig attached
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had to get, 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 a 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 they'll sell the dual could eventually become a country like sing, it pulls that in and i see that the opportunities, the math i can see. but we have very big challenges. nelson, you know, is looking forward to getting new information from the government, just like everyone else here. the minister of the economy has cancelled bond
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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're going to build things like the do all the benefits needed to our city about city, we do not have and try to be creative. we have like projects bitcoin as a starting to wonder how seriously the government is taking the big calling project job as well. and flights of steps. i don't think the slides with 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 question is, what's really behind this? is this just made for investors? what will come to the, in the end, possibly that so the question we turn to one of the countries most critical
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economic voices. tatiana moto 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 speak to opinion wants to show us how many people in el salvador and money la, my yeah, level 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 on saturday. oh, my god, we arrive at a traditional capital market in the east of the country. the data has been there. not even that many people know me said that you want to
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understand the economic dynamics of these country. this is the reality. people get up very early on the drive for 4 hours just to buy and sell capital. that's what i would have been very good practice. so then that'll victor opinion has been used documenting these capital markets for authentic 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 doing 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 are small and have to scratch fine. a brand ceiling video
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like the $1600.00 for it. oh no, 15 type between. 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 clients, 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 added it and they've got on the, the cape when that's how the local economies built in the money. it's, i think almost have to speak going. has nice now. yeah, look at some of the of it. it'd be going no way back at the ministry, the big calling, those confront the governments about the crash at the crypto exchange,
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f t x. they want to know if data and big coins are affected on says a not to bulk coming goes down. do we all have a brother? those are salazar, keep the big going on. he's only he's away from issues for 300 exchange. unfortunately, we don't have that, you have to come back for you that some people come to the discussions, others to network beach calling in the state. and it really was go to the session there's. there's a culture clash between bitcoin culture and politics. give them bitcoin is very open and transparent. it's critical in the sense of being scientifically inquisitive and with corners of people score very open and honest. who want answers to everything. and in general politicians are people who just say whatever they need to. when in doubt, they'll say they don't, you know,
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rather than giving an honest answer us secretary, the bizarre, stuck the we ask economies, tatiana model keen what she thinks after. yeah, a big coined hello. the promise was financially inclusion. that's what the between law said. we can actually see that there's no benefits in financial the inclusion, not for people leaving inside of our and not for people being outside and send them. remington stories have both, it's actually to risk. 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 going into the sideboard, it's a representation of how the government not like hiding
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a lot of information and they do things from one day to the other, n u. s. a 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 by of government. the fact that panel such as 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 market excitement and enthusiasm about investing and bitcoin projects just kind of goes down naturally as you would expect. and so it, because of that it's,
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it's super challenging. yeah. patrick, mount 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 3 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, so thanks for coming in. yeah, it looks junky. it looks homemade because it is what,
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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 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 one, 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 receive each dumpsite the today's on sounds. it all begins hosting,
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one of the most important bitcoin conferences in the wells adopting bitcoin j one guy. and this is partly about how you promote the adoption of big 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 federal instead of hundreds of big calling is entrepreneurs and developers have arrived and don't see it by price drops. in the past few months, the conferences focus is on making big calling more accessible. jeff, kansas is sharing a panel on the topic the well, they discussed technical problems on stage. others up busy networking nelson
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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 between every day the get. in fact, the movie type of the stay on the students and indeed us, they stay in loan you on the other end of the country, victo opinion, visits the place where bitcoin city is set to be built, the smoke of like a hint, then they'll get us when young, 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 that we've got cooler access to health care, and they cannot make policies a bankrupt. so what do you think i have going on?
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because it's done in cuba, there's no sign of the makeup project, but i'm at the old president promised a new airport as a connection to be cohen, c. c. p. 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 port is could you imagine going abroad if the political situation continues like this? alex here and so if so could open the unfortunately, the only time will tell us that the aggressions and the tax are getting worse and more threatening. kind of a my flip this kind of a home in that sense. and because i'm a pessimist, i think we'll have to go that way eventually. good. ok. who's coming? look at them. look at them. and in that one moment that ok, but wherever i go i still work as a general enter. well, yes,
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and you're not seeing the really, 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 the situation in the country. the current state of emergency watson discussed on any panel in any of these individuals in here, we're at a bit between confidence and we're not here to talk about the human rights situation in el salvador. i think when you, in those salvador, you have to take off the european glasses book and try to observe it as impartially
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as possible as much to drawing our own conclusions. when done, listen, i mean we're not politicians either. we're individuals who have come together here, adam and susie as him forbid coins. i'll answer the mentioned, you know, and right now it's working in el salvador and it's something maybe they'll come a point when he doesn't work anymore. i don't have any definite answers, either. several can including on board bitcoin in el salvador, once a day seems like more of a symbol than a payment system. it 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 it's a final stop in guatemala. the plan here is to ton trash into digital goals and help
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finding the tackle the trash problem in kind of such as the well, i can what the, my very sad to see how trash he's managed here in guatemala is. but you can see is you'd see 100 times most mucho eat. the sad thing is that apple locations don't care about anything course. and those are but a coupon for the there are people who leave off trash. i shouldn't that give you the, the lowest with when it rains this just pours down, seeps 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 a plant, the waste, salting,
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and bio gas. he'll make it profitable by using the electricity. it generates to mind big coins, a multi $1000000.00 project. and our model, we want to take some of that big coin, the 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 europe hands were here 4 to 500 years ago, they took all the gold from the land mass of transfer. well, 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 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 call in will help everyone. 6 6 6 6
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6 6 6 6 6 6 or the kurdish men and women have fled from it on to the mountains of neighbouring dog. and hence they are training for existence. again, supposing to run what is driving them the dogs, curtis resistance to eat ons was seen. snow stopped in the same minutes on the w. 4 people down the comfortable lounge dedicated more customizable space
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to reach you, dan is using the idea trained to test innovative concepts what dreams for us in the future made in germany. in 90 minutes on d w. the we say they're about never giving up every weekend on d w. the,
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this is the w news live from berlin. do not save strikes more, who's the military targets inside the oven. washington says that it also intercepted a shipment of a ron in weapons bound for young men. latest us strikes come after who the officials claim yet another missile attack on a cargo ship and the red sea also coming up tar and france broker a new, a deal for gaza. the agreement will see a delivery of more humanitarian aid and medical supplies to people in the gaza strip, including is rarely hostages health by a mosque. and a rock recalls is sam baset are from a ron from.

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