award winning documentary, i'm like nice me to play an important role. protecting human kind. the doctor's face, ah ah, hello, i'm fully bacterial in doha. with a look at our mean stories on al jazeera, the european union envoy for the palestinian territory is calling for international support in rebuilding garza. after last month 11 david bond meant by israel. more than 250 pounds, simeon lost their lives and infrastructure was destroyed. we don't conditions, actually need to reconstruct god and to make it recover from this terrible

tragedy requires a number of them. one important step is that we bring back any clue as if governance from the river to the see that we make sure that the split between god and the rest is overcome that the leadership unified and on the rainy side, they need to for the corporate was ending the siege and allowing exit in the critical period now of goods and equipment for people to be able to survive. and if al jazeera is harry foster has more from west jerusalem, i will, i mean, is, israel has said that it wants to see any reconstruction only on the terms. it would not aid how masses, ability to rebuild. it's tara capabilities us in the words of the israeli foreign minister, got to ask and as you, when he was in cairo the other day. also israel wants to see the return of for is ready to soldiers. the remains of 2 soldiers that is believed to be continued to

be held by hamas inside guards are up to 2014 war 2 others ready civilians who entered garza. and i believe just to be held by how much they want to see those people live. and returned to israel as for the issue of palestinian elections. yes, israel gave no answer when it was repeatedly asked about the ability to hold elections in occupied east jerusalem. but you also have to remember that one of us did call off those elections and he was the president of the past, you know, authority. and he was seem to be doing so obviously for that reason, but also potentially for political reasons concerned about how, how much might do in those elections, given that he has called them off, given their masters just gained a large amount of support in the occupied west bank and in issues them as well as in gaza from the outcome of this war. the prospects of

a palestinian election certainly don't look good at the moment. the one that was supposed to have taken place on the 22nd of may looks to be pushed a long way into the future. another new se asia is struggling with a surgeon corona virus. infections malaysia has imposed a nationwide to week long down and vietnam has suspended international flights and is testing all 9000000 people living in how she main city. sri lankan authorities have begun to criminal investigation into a congo shit fire responsible for one of the country's worst ecological disasters. the vessel was carrying large amounts of toxic my trick acid and michael plastics. in nigeria, school officials have confirmed that 136 students are missing after an armed group attacked and islamic school into geena in the state of niger on sunday, one person was killed. parents have been reunited with some of the younger children who were released actually what i was going to faint across right in

front of my eyes. my children were just shut it out. we just had experience. so many of them. how do we have female? the last one is just above 5 years old. when they come out, some of them glum. the get hung get into the school. then the 10 to the 3rd and we close. the wing office should show shooting the groans. the peak of the student and turkish spies have snatched the nephew of a man. turkey accuses of orchestrating, fails go. in 2016 phillip dean. glenn is wanted for being a member of his uncle. for tele, glen movement, which anchor regard budgetary school is not clear with ally dean was taken from this coming up next crypto pier i

70 for though i made a film about the history of money banking and bitcoin, what was going on back along. we said it's going to be a bumpy ride. and now some of the big brains and speak egos for champions crypto currency claim. they are building a crypto utopia. magic, i think that will happen with something called block chain technology. and it just might change your life and they really could compete with, if not even take down the facebook and google's in the amazon. my name is austin hoffman and i'm going to put some of these claims to the test. forget all the hype will explore the true potential of this new invention. see who is already using it, making it really easy and simple for people to a piece of it's all, or we and go deep into

a secret bunker that holds billions in bitcoin. but they are those who want to kill it, join with me and introducing a bill to outlaw crypto currency, so that we nip this in the bud or change the world with it. welcome to ground 0 in the battle for the future of the internet. wet 3 point all they wanted a science fiction dream. what actually did was build forthcoming disaster. a lot of people were not willing to learn, were not willing to admit they were telling me that i have no clue that just don't support free speech. you don't support that calling your enemy a bit point. this is bigger than the internet, c, r, and age, the renaissance, the industrial revolution. this affects the entire world.

ok, let's start slowly with the basics of money and it's creation. the total value of all the world's money is about $120.00 trillion dollars, which you probably didn't know if that each new dollar is created by government and banks as debt, which needs to be paid back by someone in the future with interest. that's why there isn't enough money in the world to repay all that debt, and there never will be. oh, and almost all of the world's money is already digital. just entries in a ledger, usually managed by a bank. only a small portion exists as physical currency, like cash or coins. think of it this way. your employer deposits a $1000.00 into your bank account. then you pay $200.00 in taxes, $500.00 for rent, $200.00 for bills and shopping and so forth. whether used credit cards, debit cards, paypal or bank transfers. they're all just pluses and minuses,

indifferent, digital ledgers. that's why there's almost no need for physical money in our daily lives. during the financial crisis in 2008, i'm a furious figure coat, photoshoot, a modal published this 9 page, white paper. it said with big kinds, open source software. we can create or money without banks or governments. i this new nerd money called crypto currency is created and stored in computers. and before long there was a growing fan club, mostly guys like roger via today. he's a polarizing figure, but big then he gave away thousands of coins to kick start the movement, and they all called him bitcoin jesus. i think that for many years he brought more people to be going than anyone ends and we will for re grateful to him for doing that. when i was a kid, i was reading all these science fiction books. they were talking about how the world is going to be when we have this like an miss digital cache that people can

use on the internet. it's not control by anybody. and then when bitcoin came along, it was like, wow, the science fiction money that i've been reading about as a kid is finally here. so i got so excited about it. i heard about it about 10 in the morning. and i was trying to go to work that day, but i didn't, i stayed home the entire day. reading about it didn't leave. i stayed up all night that night reading about it date up all night the next night or even deep down that rabbit holding to the point of physical exhaustion office. i called a friend of mine that please help me. i'm so sick and you bring me to the hospital . yeah, roger that bid bad by the big claim bug like so many others fall truly? one of the most exciting inventions ever in the entire history of human kind. but how does it work? when my friends ask me to explain, well, i often start with this analogy, emission, a bank vault where you have a safety deposit box. your key opens what are the boxes where you can securely store physical valuables, like gold coins? in did coin there digital?

think of them is very long passwords. your private key gives you access to a wallet, which unlocks billions of unique did queen addresses. each one is a virtual safety deposit box that only you can open with your key. and there are more addresses in this virtual vault than adams in the universe. the doors to these boxes are transparent. you can see inside them. here's one with digital money point to one point. setting them from one box to another is what's called a bit queen transaction. well, explain that later. but for now, just remember that these digital coins can only exist inside these transparent address. boxes can't be copied and can't ever leave the vault. and this vault is owned by no single entity. you don't need permission from a government, a bank, or a corporation to use it. i,

i me for most early adopters of the coin, it was all about global peer to peer electronic cash room. 77 in berlin was one of the very 1st businesses to accept the coins as payment for physical things. b as in burgess, back in 2011, there were no mobile wallets, right? so you had to go there, bring your laptop type in this long address. you do risk losing the money if you didn't type it correctly. so the 1st guy who build a mobile with some guy and prevent who built it in order to buy his beer with his phone instead of his computer. my problem with banks is different. why can't they sent money overnight on a weekend? after all, it's updating digital language, right? just moving data, we can send pictures or videos to any one on the planet almost instantly and for free. we live in the age of the internet, but the bang seemed to be stuck in the past century. so what if those slow,

inexpensive middleman with a multiple ledges could be replaced by a giant database, synchronized over the internet? that's the big idea behind bitcoin. and it's run by a decentralized global network of powerful computers and regular laptops. this immutability is the 1st rule of the coin, it means no one can ever change, but it was once recorded in the block chain or spend the same coin twice. that's also called censorship resistance, and it's critical to bitcoin being used as real money award winning journalist laura, she tells me a story about women bloggers and canister on being paid in bitcoin. and that one of the women that hadn't abusive husband and saved up her big coins and eventually was able to divorce him because she was able to control her money when she earned a big coins. in my 1st film, the early adopters said that this kind of financial freedom for every one was just around the corner. world's most populous network is adopted bitcoin. that's the

internet. the world's largest economy is adopting bitcoin. that's the internet. we have transcended borders. it's totally file is what cache david gerard doesn't buy all the height. he's one of the most outspoken critics and skeptics of block chain technology. it's not very good as a payment system. there's a small payment. the use case. if you want to trade in things, the government doesn't want to trade in that's david's polite way of saying illegal stuff. in 2011, most of my partner colleagues were saying 3 things. so whether the drugs pornography on sales the silk road was a black market on the dark weapon, where buyers and sellers use big coins to fly under the radar of the authorities. it had 1000000 uses until the f b. i showed up and shut it down. they caught this guy for running it and confiscated the coins held in escrow by snatching his computer. and then they

locked him away for life. no doubt crypto currencies can be a tool for criminal activity, but so on dollar bills or the banking system. and let's not forget, the block chain is a public ledger. it's actually been quite useful for uncovering crimes, a former federal prosecutor, a name catherine hon. she was the one who discovered that there were a couple of federal agents that were pilfering in big coins, that the government had obtained from the cell grow case for their own gain. and what was interesting was she got a tip that there might be $11.00 agent that was doing this. but from looking at the movements on the branching itself, she realized that there were 2 people. the prosecutor could see those big coins being moved. and when the dirty coff try to sell them for dollars, they got busted. while they saw the technology provides anonymity, it actually enabled uncovering their crime. but what makes big coins worth stealing?

why do they have value at all? let's go back to where big queens are stored in transparent digital deposit boxes protected by strong cryptography. they can never be copied or leave the vault because any transaction at any bitcoin down to a 100 millions fraction is recorded in the block chain for eternity. this synchronized global letter is shared among thousands of computers worldwide. that's why it can't be compromised or altered. think about that. we can make an infinite number of perfect digital copies of the movie, a song, any file. but for the 1st time in history, this disturb record keeping allows us to have a truly unique and fungible digital object that is also scarce. if you could count all of these virtual coins, you find about 18000000 of them today. ah,

when the cap of 21000000 is reached, the protocol stops the network from creating anymore. it's the opposite of our traditional money supply, which keeps growing and growing an unlimited amount of dollars versus a very limited supply of big coins. you do the math. if you use euro's dollars, you might not care about a little inflation per year. but if you country isn't stable, you might be a trillion at paper and be dead broke i robin, bye bye on ya and the south part of ours. and now my parents are she branches there and i remember growing up in my childhood, so my parents lose everything free time. first because of a huge evaluation then because of hyperinflation and the last time because they government confiscated all of bunker bosses, i think that too they, they are, are billions of people, at least 4000000000 people who would be

a lot better off by having access to a form of money that is non political and more than mccracken. we think of finance . we think of banking, we think of money in terms of the experience and perspective of western european or developed nation person. and that is really just a 1000000000 and a half people who have a very privileged financial life. what about the other 6000000000? every single country that is free has essentially a legal status for crypto currency that is very open and permitted. and every single country that is unfree has restricted for band crypto currency status. this just a 1000000000 wall fil a powerful symbol of a government trying to control it citizens. and that brings us to the big question, can governmental bangs, ban bitcoin? well, some politicians still think they can stop open source software. i looked for colleagues

to join with me and introducing a bill to outlaw crypto currency purchases by americans. so that we nip this in the bud in part because not an awful lot of our international power comes from the fact that the dollars, the standard units of international finance and transactions clearing through the new york fed is critical for major oil and other transactions. and it, is it the announced purpose of the supporters of crypto currency to take that power away from us. for currency represents a litmus test for governance. it reveals how much your government believes in in the fundamental freedoms and human rights. because if they don't trust their own citizens to have control over their own money, that says a lot about the governments is very little about crypto cards. you see the reason

why some governments and most bangs are threatened by this technology is simple. your private key and your wallet can replace your bank account. the network is run by software, and it's currencies made and maintained by computing power and electricity. it can't be manipulated by central bankers, wall street lobbyists or politicians, but with new freedom comes new responsibility. so if you can tell, it's your very point. if you don't want all the keys, it's not your bitcoin, your keys dropped big point, not your teeth matter of a point. your keys, your point, not your keys, not care of a point. got that. if you lose your key, you will never be able to access your coins again. and if someone hex your computer or you store those passwords, your coins will be stolen in a 2nd. and remember, he went to the family, had them money stolen by the own government. well, maybe that's why he built the fort knox of bitcoin security. settle. most of our

7000000 customers are in emerging market. in countries where there's problems with the currency, we have explosions, inactivity like venezuela right now. we're derek and we develop the system of wallets where we have 5 private keys for each one of our between addresses. we keep those private geese in an offline sarah that has never been on line will not be on line. it's inside the vault, the voltage inside a bunker, usually deep underground. our main one is in switzerland in the commission, military bunker. i just had to see it for myself, even though it took a month for to get cleared for a tour. we were met by christopher. osh might a former military commander who runs the place. and the representative from sample kristof said the gods would rather shoot us than show us around. i hope he was

kidding. they need to bring in the material. so the other side of the personal look . first up, one more check of our id. a pet down for weapons or any other monkey business and give inspection even the boss was searched. it took me nearly an hour to get my teams for security, but it was worth it. no other phone call has been allowed access. we are the largest custodian of going in the world because a lot of the largest holders in the world use us are security. rumor has it that 10 percent of all that kind of thought here. and in there for other secret locations. unfortunately, i can't confirm any of those numbers from the mountain that we are getting a lot of benefits by the way to prove flooding, prove. but on the other side, you're facing

a lot of additional costs. like maintaining 7 independent bank up power supplies the labyrinth of tunnels deep into the mountain is interrupted by nuclear, great dos. it's a level security apply to all of the data crystals protects here. not just for example. we cannot talk too much about it because it's pretty secret what is down there and i'll be allowed to film that. now the doors that remain shut and security measures we weren't allowed to see. and some of those checks may be biometric, including the eye and finger prints con and the fingerprint scanner. also make sure that you are alive, that you the cut someone finger and you're just using it to open the gate. so you might have a direct

these on samples actual service, but if you've ever wondered what crypto currency thieves dream about it sitting somewhere down here unplugged from the internet, but there is absolutely no way here. our way to attack the they always use on the cold storage side, but here's my question. why do i need the cold, the offline service to be inside them out and kind of be in my basement while the surveys and it still can be sold, right? so, so this is like money is data. yeah, it's been invite but it's money, a lot of money. and this is why this is more a bank than, than a day. but let's do a quick recap. we now have billions of dollars worth of data secured and digital banks deep inside secret military bankers. if you don't think bitcoin is already changing the world's concept of money, you haven't been paying attention. remember,

mervin, he used to be a senior executive, deutsche bank. his colleagues, one said bitcoin was for lawbreakers and troublemakers, he now runs a crooked, to fund out a monitor. our research shows that the crypto markets are gonna probably be worth about $8.00 trillion in 2027, which is a 50 x, something exactly. most financial analysts say you better stick to your chance and bonds and dollars bitcoin is dangerous nonsense. far too risky as invest to others . bitcoin is an escape hatch that will take them away from risk and insurance against a financial doomsday away out of the debt crisis. negative interest rates, trade was an economic downturn. they say it's an anti fragile asset uncorrelated to financial markets. so how about the general public in america, the younger generation already starts to trust this new asset class. and when

success, bitcoin may reach a $1000000.00 per coin, i would say the biggest financial mistake you can make right now is to own an amount of bit going that you cannot afford to lose because it's super risk and you may lose. the 2nd biggest financial means that you can make is not to own any, because you put one percent of your net worth in bid going. most people can afford to lose one percent of the net worth. and if i am right, it's going to be more than a 100 percent of your network. so with a non material exposure, you change your life. now, would you would spend with your on romantic weekend with your wife? say, sorry, we're not going to go out this weekend. i'm going to buy bed going. consider it's spend disappear check in 7 years. i either gave you about a life and cost your weekend or i want a grandkids going when he does what you fail to mention is that the currency, the micro transaction, all of that is relevant, right?

meaning, all of the cryptograms is our way to wallet that for anyone to take them seriously . hold on. let's go back to where we started. bitcoin was created peer to peer lic, 20 cash. that was the can a payment directly from you to me from me to the coffee shop. i have bought a bag of coffee for 2 bitcoin in 2012, which today cost me $12000.00 in today's money. that is a deflationary of fact, as long as bitcoin keeps doing, southern increases in prices. that's going to stop retail use in its tracks. with bitcoin, you can send $1.00 or $1000000.00 worth of value anywhere in the world. you could do it for free. one philosophy could be 5 as the coin is digital goals. and the other philosophy could be discarded. the coin as digital cash point, what we've already met the digital gold cam,

who opposes any changes to the protocol, despite the hi fees. roger represents the other side of the debate. they wanted a system upgrade a solution as easy, and just increase the size of the blocks from one to 248 megabytes, so that more transactions fit into them. this will lower the fees, and people will start using bitcoin as cash again. but most of the community disagreed. so bitcoin, jesus had become because judith and there was a split into 2 separate bitcoin. every revolutionist followed by the counter revolution, which is usually a purge of the original revolutionaries. when i 1st started covering the space, every one was united in the struggle against the establishment. now of industry has grown so much that they are competing parties for baganda machines. conspiracy theories looks a lot like politics. the biggest fight within the bitcoin ecosystem is over at the moment, is who has the right, the name bitcoin. but at the end of the day, i think the version of bitcoin described in the big one white paper has the

strongest claim to the name that coined than anything else. and that's been going cash i think is join to say that and causing people to, to buy big cash when they actually want to buy big coin. they're just going to be casting is from issue shalicia. and i'm been told the omnia clinton d for the english, rosie dr. the call from bitcoin b cash. because tom depression, he had for some his sierra, for energy, nuclear, those in your face to bid coins, could call them coming up the chain explained. and predicting the future of the internet and the how does that seem from a smaller league? draw the big crowd. why does the irish flag fly high? you got your club? what is it about celtic that has the world over healing them on politics and

football? goes on with the pre award, the defends, who make football on june $96076.00 days that redrew the map of the middle east. this record a victim of the israeli army in that war, was the greatest custody of the history of his 50 years later, i'll just explore the events leading to the war and its consequences, which had still felt today. but we tried everything, we went to the united nations, we tried mediations contact 3 different countries. and it was clear that all this was to know the rule in june vaccines a promising path out of the panoramic. but the implementing the greatest inoculation in history is testing the global community around the world. already a clear gap has emerged between rich nations and poor ones when it comes to vaccinating their populations from the geo politics to the pure economics. the

misinformation, the latest developments. what's going on here is very different. first off, the vaccine comes in the form of a naval freight. special coverage of the colona virus pandemic on a jessina ah slogan i'm fully battle with the headlines on al jazeera, the european union envoy for the palestinian territory is calling for international support in rebuilding garza after last month's 11 day bombardment by israel. more than 250 pound as indians were killed and infrastructure destroyed. we don't condition.