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tv   Bitcoin in Latin America  Deutsche Welle  January 20, 2024 9:15am-10:01am CET

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and this weekend across the country, following revelations, the far right alternative for germany party is proposing the mass deportation of people with immigrant backgrounds. coming up next. so john commentary series meet some of the digital gold diggers rushing to bring crypto currency to latin america . michael lucas. more news at the top of the next down the the goldsmith. i'm not saying in the late seventy's shlomo smiles. now make go stop. bog. not the man who had to maintain him to use light to voc? no. what state was it? suicide. the evidence raised the stop. what really happened? 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 steps there. well it's not clean up and i can search for just arriving. uh but uh, a little uh, lay down the uh mattress. uh, got a little micro kitchen just to uh, just 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 just, you know, there's,
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there's no trouble or worries. was it? the 30 i my name's corbin. keegan elder quintero. the 1st residents of the coin city, the e mail, salvador is the beacon of light and hope for the coins. fix is not just the money, but everything built on the money. the
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here in guatemala lake. got you. the line is dying and big coin mining is the solution. all of that material is waste that can be turned into energy that can be turned into decline the positive outcomes. almost no one knew el salvador before. lots of us are only here because of it pointing bitcoin. it's an opportunity for a global economic collaboration, i inhabit where settled when they go. so, but it's a business for the elite. i think it's the poorest communities who have the lease to gain from an economic system like this. but i think the point for when you talk about that chat about it is related to the point. well it can be quite easily bad. and so your country so that's what's happening right now. we're here for with
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a big cleaners. bringing this to the people i'm explaining what a great opportunity and the water model here in front of a child to bitcoin is one to shake things on chores . loved small town on the volcanic like that it lines, but it's picturesque landscapes. i'm strong in teaching this culture. this is elia saw a case i was in. you're going to hello, how are you? i'm just getting the oil as a pretty old frying oil that will turn into a new big coins to be. let's go to completely a couple this is a big problem in guatemala normal. if we don't collect the oil,
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people will just chuck it some way, which is fine for the environment. the may. i'm being that because when it rains, it goes right into the lake by the next i'm in the i live on that. now we have a solution for that, and well, it's incredible. it was in the unit in the backyard next to a car repair shop is 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 residue use out of the old cooking oil and then it's ready to fuel the own diesel machine. the electricity generated power, small computers, which perform cryptographic operations for the global bitcoin brokercheck. in return, they receive small sums of bit coins at least one mines
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about $3.00 a day. but on the whole, they don't run out. we've been dealing with you for $3.00 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 could boom is prime on your site. most people, i'm a musician, a very sacrament. when trump 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 pay we'd be going.
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creating bit coins from waste was an idea that areas are key high going from 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 dismissing and flare it create energy in mind. big point, the organic waste ponce has been inactive for. yes. can i to get to the grid is too expensive. so waste water just flows past it. could 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 a,
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a real virtuous cycle of taking waste and creating bitcoin and improving the economy and proving that community and protecting the environment. patrick meld. i came here from the us as a christian missionary. now he leads the logo, bitcoin project with the same zeal. i have a love for this community. i love her guatemala and i love to help people. so if i have a tool that can be used to help people, then you know why not, why not do that? most people here have no bank accounts and done save money. these to want to change that. they've already convinced trump keep up a, treat the toner soon in the past, but if she had spec cash, she used it to buy more stock. now she has a big calling, wallet, a new customers. they scanned the coupon code and pick coins land in her wallet on the block chain, and it'd be clements and we're going to put this on a form of a the investment calling is great and it's a way of investing more. patrick told us that the price was actually a have,
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but if i regularly invest some of the process i'll have more life. okay. can then mosley invest these or not? because at some point, maybe not now, but even a year or 2, the price could explode or sales for the explicit yeah, this looks like a orange pill. someone is due on both them to be calling. every goal is that how are you waiting, or is there any numbers? and yes, i don't know. i'm eli is from the like a big calling project that is dealing 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 in the middle. the night the motorcycle rental company is skeptical. in 2021
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l sounds. it all became the 1st country to accept big coins as legal tend. jeff got us is a big coin up from germany. these parts of a german delegation touring through bitcoin country. there's a big conference coming out. that's a special thing about bitcoin. yeah, there's no headquarters instead. and so 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 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 bit coin is what about the locals today,
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shatt and this euphoria let's go the number and speak to the funds 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's there a threat and restriction is when there's some people why it's happening. in spite on the domestic, the one boy that saw the roll, your late be when the whole big coin, things done it 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 paid coins here. you know what? we had a no nothing and that's all up allowed. why not? and why? you know, sort of living in 2022 after
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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 capital san 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.
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but sometimes 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 mothers with funny and says, you know, was implemented in the wall on games. most security comes at the cost of basic human rights. the big calling revolution is on how the state's big calling wallet chiva is being launch leah band. only a few locals use it was in the cooling. yes. we have the app. 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,
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we had to one of the poorest regions in the country. the presidents, high profile and project is underway here. bitcoin mining using volcanic energy 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 thought it was it's a great place you on them to on the way to one of the nearby villages all scovella ask is wants to show us something. that's why reading people i fear it is of 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 a quite
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a bit. but of course events. and we're the ones who could end up suffering negative consequences in just a little garden. 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 with a lot of weight on this a. 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 going delegation is also heading to bending 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 is use 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
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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 boo 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. or the 1st time such as buying, right. let's see if we see anything. it's not over yet. i q. we go the
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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, you collect the rain going to in this rusty tank. this is bad drinking water. soon . it will be the dry season. going. 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
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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, 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 locker? it's a gate, it's a just on people stealing the water for the rest. e. what the only open the tap when you hand out the water rations. if the, if someone would lie a 2nd for someone else who will not allow a fall pocket. so going to pass timely 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 um says the product 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. we're kind of a year ago, president boot 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,
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the vic to penya pretends to drink out of politeness. see this case and sure the water is also said to help with anxiety, a little vocal. see then just most likely to go. now the toner has a topic, a corner, and that is, that gets her 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 so you put a hand blow where you have the but it's true that it will support a lot of projects. that's great and not one from the political a city. 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 to many and check it out. i
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wonder if it's a lot what profoundly a festival 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 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 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 say, but it really gets to me,
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how can i assist you either email or leave me a little more fam, which of the middle of the family it's just painful to say children and 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 been condemned to silence since the stone, 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 tells the gap here . so important that but i so that's why i'm doing everything i can to tell the story and the boy that the one that was the
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back in guatemala, patrick nelda and ellie, as us case, i have set up a bit calling wallets for the stuff of a motorcycle and rental company. are you list? i'm young movie metal, mary lou key 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 so you can move on like a human atm. you call me and i'll give you the money. you'll be in good delete. if 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 cool. what i'm gonna have with 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,
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but i'm not totally sure, especially because the value fluctuate so much on the sunrise impact such as the street dogs, a waking up patrick belda is speaking at a 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 this private school, i suppose, 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 mind. what was the level book? let's talk about food cooling. the recording is digital money. he said, is goal is that is a key. hi. translates because patrick nelda doesn't spill dining is the middle of
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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 print it keeps on this. i could make it make as much of it as i wanted to. that's essentially what the government's doing with the gets a bit coined is my goal 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 age would help reduce dependence on the global know that this or ptolemy 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
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ministry. el salvador native nelson, you know, is also joining them. the event is geared towards bitcoin us and respond to some of 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 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 to have bills out the door 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 salvador could eventually become a country like seeing a pool of that and, and i see that the opportunities, the math i can see. but we have very big challenges. nelson, you know,
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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 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 a 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 to end up in slides. lots of, 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,
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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 in 2 days. then we can skype and piece. generalist victo opinion wants to show us how many people in el salvador and money law, 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 won't we arrive at
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a traditional catalog case 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, these, these, the reality people get up very early, some drive for 4 hours just to buy and sell capital. that's what i would have been very cool in practice. so then that'll victor opinion has been used documenting these capital markets for a firm to have 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 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 handling the profit margins are
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small and have to sprint fund a brand. see you video like the $1600.00 for it? oh no. the 15 take the cooling? 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 clients, the land businesses, 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 built in the money it's, i think almost have to speak going. has nice now. yeah,
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look at some of the of it, it'd be going no way back at the ministry. the big coin knows confront the government about the crash at the crypto exchange at the x. they want to know if they turn to bid coins are affected on says a not to balls coming goes down. those are the, the big going on. he's only running away from exchange for exchange. unfortunately, we don't have that type of information. we will have to come back for you that some people come to the discussions, others to network big calling in the state. and it really was go to the session. there's nothing printed to, 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 bit corners of people score very open and honest,
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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 secretary 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 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 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
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into the sideboard, it's a representation of how the government act, like hiding a lot of information and they do things from one day to the other. and if you, as a citizen, criticize some of the things or the details about what they are doing, they actually harass you. so yeah, there are a lot of journalists that has the glasses. i have big as, as to spice software on her cell phone installed, bye. have a government the fact 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
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a barrel marking 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 pointers from all over the world. possibly because he urgency needs investors, but above all, he needs popularity. but his mining from waste projects, 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 a tiny sum of money because i have 3 electricity. i think it's great. yeah, i don't know how well it scales off, but it's a fantastic 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 here. yeah, it looks chunky. it looks homemade because it is. but what we've demonstrated here is a proof of concept. there's a reason there's no wind or solar capacity here because it's too expensive. it's waste from population centers. okay, what can we do at the lowest cost and nominator the cheapest way possible to get mining going in and financial? and this is, this is, it just makes perfect sense for decentralizing mining and hash 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 that 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 wells, adopting bitcoin j one guy. and this is partly about how you promote the adoption of bitcoin, 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 good point better and faster to bet. so instead of 100, so big going is on trip. the news and developers have arrived and don't age by price drops in the past few months. the conferences focus is on making big going more accessible. jeff gallus 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 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 they need 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 look at 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
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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 president promised a new airport as a connection to be cohen c. c. the promised the pacific train from me, 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. when will be spent on the 5th. what is the last thing that could you imagine going abroad if the political situation continues like this, alex here. and so you can see unfortunately, you don't want to 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, how many not sound and because i'm a pessimist, i think we'll have to go that way,
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eventually get ok. who's coming? look at them, then we'll get them on in the moment. but ok, but wherever i go, i still work as a journal entry. well, yes, and you'd see in the beginning 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 wasn't discussed on any panel in any of the individuals in here. we were at a big between conference and we're not here to talk about the human rights
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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 as a drawing of own conclusions when done. listen, i mean, we're not politicians either. we're individuals who have come together here other than those, the items, forbid coins. i'll answer the mentioned, you know, and right now it's working in el salvador and 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,
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it's a final stop in guatemala. the plan here is to, to, and trash into digital goals and help finally 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, to stay as long as we can see tvs, 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
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into the lake. and that's, that's the problem that we're trying to solve. patrick mount the wants to build a pond for 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 bit, going to decentralize 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 your opinions 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 big coin will help everyone.
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6 6 6 6 6 6 6 6 6 6 6 6 so the, they also will be stopping pounds and they make fuel lines. so the aches and pains. why do we have any useful and how do they arrive? what relieves pain i hope therapies are available. news for modern pain research in good shape in fuzzy minnes on
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d. w. the so either insane and feel the same way you expect and more different things from life than your parents. i just want to pursue what that's my thoughts hired or you think your kid is 2 different, risky, irresponsible, reasonable stopping port is not i want my son to become a doctor to in the cloud. it's time to to see vehicle your generation with a sleep us. i'm them when generation as class this week on dw, this kind of when it feels like therapy the
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this is the w. news of life from berlin, germans turn out in force to condemn the far right alternative for germany party. with more demonstrations planned for the weekend. tens of thousands of people protested in the city of humbug and across the country. it comes after reports emerge. studies secret meeting to discuss plans with the mass deportation of people with foreign backgrounds. also coming up, japan becomes the 5th country to make a successful landing on the moon for the power of lectures threatening to cut its mission shore. and germany says good bye to
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a sporting legend. a memorial service for the late friends beckoned valor withheld in unit with public figures and football stars.

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