us, if you can, we have a documentary coming up next, looking at how bitcoin is driving the digital gold rush and latin american money groups in the kitchen. and thanks so much for joining us here on the domain in the fast fashion as an environmental 9, a clothing graveyard, immature land desert. this is where things wealthy industrial nations no longer need and light us textile ways get stranded fashion. watch now on youtube, the, the el salvador

at the foot of the contract. go up. ok, now. this is the future site of the coin 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 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. was it? the 30 i my name's corbin. keegan elder coin. narrow the 1st residence of the coin city, 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, they got to find is style. and vic, queen mining is the 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 it 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 community to have the lease to gain from an economic system like this. but i certainly point for when you talk about them chat about it is related to the point. well, if it 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 a great opportunity at the water molecule here in front of such as 2 big corners, one to shake things on chores, belong to a small town on the volcanic lake at a time with its picturesque landscapes, i'm strong in teaching this culture. this is eddie as a case. hi. hello. hello, how are you? i'm just getting the oil. pretty old frying oil that will turn into a new big coins to be. let's go to completely a couple pieces. a big problem in guatemala. if we don't collect the oil,

people will just chuck it somewhere which is sent to the environment. so this is the me i'm being that because when it rains, it goes right into the lake. by the next, i'm in the i live, well, 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, these filters food residues use down to 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 big coins at least one mines

about $3.00 a day. they don't run out. we've been dealing with you, but $3.00 plus about $1.00 a day on this one. i'm happy. i can pay for my 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. when trump 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 pay with big coins.

creating bit coins from waste was an idea that area is the key hi going from 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 missing . and for our purposes we would capture dismissing and flare it create energy and mine big point. the organic waste bonds has been inactive for yes. can i fixing it to the great is too expensive? so waste water just flows past it could be 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 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 to want 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 it'd be miss move. 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 price was actually a high,

but if i regularly invest some of the process, i'll have more life. okay. can they mostly invest these or not? because at some point, maybe not now, but even a year old to the price could explode or sales for the explicit yeah, this looks like a orange pill. someone is to own both them to bid calling. every goal is that how are you? what do you or is there any 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 with between the customers can send you money directly without commission. the blue stay 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 jeff got us is a big coin it 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 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 of toy. off to one failed attempt. he pays and bid 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 being a promised land, a bit coyness. what about the locals today,

shatt and this euphoria let's go the number and speak to the funds to a pen. yes, i'm a 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 happens in spite on you're doing that. the one boy that saw the roll, your leg 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 between the i list for setting 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. we had no 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 victo opinion takes us to posit limited in the hall to the capitals and salvador to see some of the effects. the bi mahoney, basically is we're going to kind of black market. the goods, the sale here are often obtained to recently, 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 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 michael gets into one of those will funny and says, he knows that the mentioned in 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 is being launch leah band. 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, some of them as little sign a bit calling you for you in the center of san salvador. the next morning

we had to one of the poorest regions in the country, the presidents, 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 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 this, this will not block the case 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 a quite a bit. but of course events,

and we're the ones who could end up suffering negative consequences in just a little god. 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 come up with a mr. 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 them 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 bay of the mining about some

pacific subjects. visitors are rarely allowed inside the power plants and geothermal energy is an important 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 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, has 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 is already been mined? that's all classified porter, that's ok. 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.

a few kilometers away. we learn about living conditions here. 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 connect rain going to in this rusty tank. this is bad 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 mean 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 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 will always have supplies that have 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? 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 top one. we hand out the water rations if the, if someone would lie a 2nd for someone else who will not allow a full pockets. so both that pass timely day in dry months, even less. some of the energy generated at the g has them all power plant, goes towards a bitcoin mine. on the side the delegation wants to know

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 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 is rein won't always feel good to his gas.

mama victor penya pretends to drink to politeness, sees this case. i'm sure the water is also said to help with anxiety, a little buckle. stephen, just most of his to go now, the toner has a static, a corner. god knows, that gets a thing i'm going to call you here about is how these bitcoin profits are going to solve the countries problem. and okay, so now i can't get them up. yeah. yeah. and, and maybe something we'll change it on the for the 0 for the him flow, 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 does 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 number hands here get out of it for me. wonder pick the not one for 5. me a better castle without the infrastructure 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. 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 line like, you know what i see, but it really get us to meet necessity,

the federal motor. bam. which of the may go to the family? it's just painful to say children and having to live like this and pick them once then. okay. and what's the basis? i want to give these people avoiding sort of too expensive and people who's been condemned to silence since the story that has done sealants. god, they make the comments that on your cut. ok. i think i can bridge the gap here. so even when to put ice, that's why i'm doing everything. i can to tell the story along the way that it went that he started the facts in guatemala. patrick nelda and l. e, as uh, us case site has set up

a bit calling wallets for the stuff of a motorcycle rental company. are you list? i'm going to the metal unit 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 it on like a human atm. you call me and i'll give you the money. you'll bank, give me big 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 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

the sunrise impact, such as the st. 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. also a little book. let's talk about big cooling the recording is digital money he said, is going is that is a case i translate 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, 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 want it to. that's essentially what the government's doing with the gets a bit coined 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 kind of big calling based development aid 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 about 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 to, 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 inno 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 seeing a pool of that. and i see that the opportunities, the math i can see. but we have very big challenge. and also the nelson, you know, is looking forward to getting new information from the government,

just like everyone else here. the minister of the economy has canceled fund president boot kayla is causing will speak. she gives the same presentation about big calling as long as the city is 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 which 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 . toby as well, and flights of steps, i don't think the slides or 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 on what's really behind this? is this just made for investors?

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 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. he said i woke up one more thing when we arrive at a traditional capital market in the east of the country. the

data has been data, not many people know me, that you want to 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 one up. would have been very common 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, this 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 are small and have to scratch fine. a brand ceiling video

like the $1600.00 for it. oh no. the 15 take 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 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 added it and they've got on the they get when that's how the local economies bill, the money it's, i think almost have to speak going. has nice now. yeah, look at it would be going no way back at the ministry. the big calling is

confront the governments about the crash at the crypto exchange at the x. they want to know if they don't debate, the coins are affected on says a not to both coming goes down. those are the, the big going on is only running away from exchange for $300.00 and the exchange. unfortunately, we don't have that means you have to come back for you that some people come to the discussions of those to network beach calling in the state. and it really was go to bed session there's there's a culture clash between bitcoin culture and politics. give them bitcoin is very open and transparent people, it's critical in the sense of being the scientifically inquisitive and bit corners are people who are 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, rather than giving an honest answer us interprets how the bizarre is stuck. the we all ask economies. tatiana model keen what she thinks after. yeah, a big calling. 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 february is 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 is sad about it's

a representation of how the government not like hiding a lot of information and they do things from one day to the others. and if you, as 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, bye. have a government the fact that it's not you and it's an important thing 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 market excitement and enthusiasm about investing them, bitcoin projects just kind of goes down naturally as you would expect. and so it,

because of that it's, it's super challenging. yeah. patrick, mount the has invited big coin is from all over the world, possibly because he hudgens. he 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 i have 3 electricity. i think it's great. yeah, i don't know how well it scales up, but it's a fantastic issue. 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, 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 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 receive each dumpsite the

today's on sounds. it all begins hosting, one of the most important bits calling conferences in the wells, adopting bitcoin j one. 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 to pass 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, kansas is sharing a panel on the topic the while they discussed technical problems on stage. others up busy networking

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 between every day the get. in fact, the movie type of the stay on the students and indeed us, they stand low you on at the other end of the country, victo opinion visit the place where bitcoin city is sent to be built, the not good. ok. 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 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? 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 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 it's all good. ok. the informal you don't mind can. only time will tell that side of the aggressions into tax are getting worse and more threatening, kind of in my flip the coffee. well having that sounds and because i'm a pessimist, i think we'll have to go that way eventually get ok. who's coming? look at them and look at them at the moment. that

ok, but wherever i go, i still work as a journal entry will. yes. and you'll see in the doing 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 wasn't discussed on any panel in any of these individuals in here. we were at a bit between conference and we're not here to talk about the human rights situation in el salvador. i think when you and those salvador,

you have to take off the european glasses book and try to observe it as impartially 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 other than those the 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 it 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 finding the tackle the trash problem in kind of such as the that i can what the, my very sad to see how trash he's managed here in guatemala, to stay as long as you can see these you'd see 100 times most mucho 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 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, 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 your opinions were here 4 to 500 years ago, they took all the gold from the land, massive 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 coin will help everyone.

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