tv [untitled] June 3, 2021 9:00am-9:31am +03
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into mexico, violence to investigate can an upcoming election change? anything for people living here? so we're getting to join me john, home and for the full report on oh i i'm on inside and her you're top stories on al jazeera, a last minute coalition dale by israeli opposition, policies look set to end prime minister benjamin netanyahu 12 year rain. yeah, a lot pete has announced he house support needed to unseat israel's longest serving leader as coalition brings together parties from across the political spectrum, including the palestinian israeli party, the united arab list. hold the hamid reports from west jerusalem. it was the phone call that you left. pete formerly informed israel's president,
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3 when river lin, that he made it barely an hour before the deadline to form a government expired. the vigor she showed were long and tough. but in the end, let bede managed to coupled together the government for change 8 parties ranging from the left to the far right with little in common except the desire to as caretaker, prime minister benjamin netanyahu and n 2 years of political instability. for now, the new government will 1st the far right? yeah, i mean a party leader enough that he bennett as prime minister, he is an advocate of illegal settlements expansion. and their next station w e. p is the one that told the president he had the mandate to form the coalition is not going to be the new stuff for the next. at least the next 2 years. it's natalie bennett leads a much smaller party but became some sort of kinks. make it going to be the time.
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and so for the next, the next, the next 2 years. so in many ways this is the kind of the axis in the middle, the heart of the government and the relation between, you will be the benefit. so in the past, ups and downs are going to a large extent. it determines the stability of the government. but then you clearly sure couldn't have come together without the support from the most unlikely of political allies. to that beth and his lamp united arab list got dumpty covered, i can just say an agreement with yellow p like in former governments, we've agreed on many issues that were served interest of our upside and provide solutions to the urgent problems or society faces in various field it's a phrase for palestinian israeli, even though our bass will not be part of the government accepting support from my best is a thorny issue for enough study bennett. with far right politicians already declaring a government that relies under support of
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a palestinian israeli block. next step is a vote of confidence by the method that should take at least a week. in the meantime, benjamin netanyahu a formidable political survivor, who is also facing corruption charges will do is best for the coalition to break up . if not, he will become a relentless opposition leader or that i mean as if you were in west jerusalem. a cargo ship is sinking off the coast of sri lanka, which is causing an ecological disaster. it caught fire 2 weeks ago and it's filled with several 100 tons of oil, chemicals in plastics. naval rescue as a trying to contain the damage bill. it's already police and surrounding waters and beaches on marine biologist say the oil leak would be devastating. the pan american health organization says governance across latin america, a failing and their response to soaring corona virus infection rates and says misinformation and mixed messages of being allowed to proliferation or even being
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encouraged. the organization says is particularly concerned with the situation in brazil and haiti, nicaragua, and opposition leader, christina, to morrow is on the health. the rest at least, waited her home after she was accused of money laundering. attorney general is seeking to quantify half. i'm running into members election or the investigation continues. critic say the government is trying to eliminate competition. nasa's announced to new missions both to venus as the nearest planetary neighbor. they would be the 1st us lead missions to venus's atmosphere in more than 3 decades . nasa hopes to map its rocky surface uncover if the solar systems hosses planet ever had an ocean. the 2 or bostic missions are expected to launch between 20282030 . those are your headlines next. this crypto piano. ah
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70 years ago i made a film about the history of money banking and bitcoin. what was going on back along that 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 is 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 am 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 pay for the thought. or are we up
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and go deep into a secret bank that holds billions in bitcoin. but they are those who want to kill it. join with me in 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. web 3 point all they wanted a science fiction dream. what actually did was billed for is asked 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 bitcoin, you're an enemy a bit for him. this is bigger than the internet, c, r, and age, the renaissance, the industrial revolution. this affects the entire world.
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okay, 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 is 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 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,
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indifferent digital ledgers. that's why there's almost no need for physical money in our daily lives. during the financial crisis in 2008 and the furious figure cult photoshoot, a modal published this 9 page white paper, it said with the current 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. or when i was a kid, i was reading all the science fiction books. they were talking about how the world
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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 8 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 got big, bad by the big claim bug like so many others funnel 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 is the boxes where you can securely store physical valuables, like gold coins. in did coin there digital?
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think of them is very long passwords. your private key gives you access to a wallet which unlocks billions of unique did quin 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 big 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,
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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 built the mode by law with some guy 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 angeles, right, just moving data, we can send pictures or video to any one on the planet almost instantly and for free. we live in the age of the internet, but the bank seemed to be stuck in the past century. so what if those slow,
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inexpensive middleman with m 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 what 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 in canister and 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 adopting bitcoin. that's the
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internet. the world's largest economy is adopting bitcoin. that's the internet. we have transcended borders. it's totally file is what try to 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. this small payment, the use case, if you want to trade in things the government doesn't want to trade in. that's david polite way of saying illegal stuff. in 2011, most of my partner colleagues were saying 3. whether the drugs pornography on the silk road was a black market on the dock weapons 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
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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 name, catherine hon. she was the one who discovered that there were a couple of federal agents that were pilfering since 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 block chain itself, she realized that there were 2 people. the prosecutor could see those big coins being moved. and when the dirty cough tried to sell them for dollars, they got busted while they thought the technology provides anonymity. it actually enabled uncovering their crime. but what makes big coins worth stealing?
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why do they have value at all? let's go back to where bit queens are stored in transparent digital deposit boxes, protected by strong cryptography. they can never be copied or leave the vault because any transaction of 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 distributed record key thing 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. when
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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 euros or dollars, you might not care about a little inflation per year. but if you country isn't stable, you might be a trillion and paper and be debt brooks. i grew up in by bonia and the same 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 and 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
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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 courses that is very open and permitted. and every single country that is unfree has restrictive or band crypto currency status. this is the berlin wall fill 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 look for colleagues
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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 be announced purpose of the supporters of crypto currency to take that power away from us. for, 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 government says very little about crypto cards. you see the reason
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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 point. if you don't want all the keys, it's not your bitcoin, your keys drop big point, not your, not your big point, your keys, your point, not your keys, not curve 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 how, whence as a family had them money stolen by the own government? well, maybe that's why he built the fort knox of bitcoin security. example. most of our
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7000000 customers are in emerging market. in countries where there's problems with the currency, we have explosions, inactivity like venezuela right now, 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
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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, or even the boss was searched. it took nearly an hour to get my team through security, but it was worth it. no other phone call has been allowed access. we are the largest custodian of it going in the world because a lot of the largest holders in the world use us or 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 earthquake proof flooding prove. but on the other side, you're facing a lot of additional costs,
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like maintaining 7 independent backup 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 crystal protects here. not just for example, we can not talk too much about it because it's pretty quick. 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 i kind of fingers brains can and the fingerprint scanner. also make sure that you are alive, that you the cut someone's finger and you're just using it to open a gate for you have a direct
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these on sample of actual service. but if you've ever wondered what triple currency thieves dream about it sitting somewhere down here unplugged from the internet, but there is absolutely no way here a way to attack the use of the cold storage side. but here's my question. why do i need the cold 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 this isn't like money is data. yes, it's been invite, but it is 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 bangs, 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,
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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. um today. exactly. most financial analysts say you better stick to your chance and bonds and dollars bitcoin is dangerous nonsense. far too risky as investing to others. bitcoin is an escape hatch that will take them away from risk and insurance against the 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
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success, bitcoin may reach a $1000000.00 a 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 bought 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. no. would you would spend with your on a romantic weekend with your wife? say, sorry, we're not going to this weekend. i'm going to vibrate, going here. it's bent, disappear, check in 7 years. i either give you about a life and cost your weekend or i want a grandkids girl. when he does what you fail to mention is that the currency, the micro transaction, all of that is relevant, right?
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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 to 20 cache. that was the 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 the coin keeps doing sudden and 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 can do it for free. one philosophy could be described as the coin official goals. and the other philosophy could be discarded. declining as digital cash, because what we've already met the digital gold camp,
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who opposes any changes to the protocol, despite the high 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 $1.00 to 248 megabytes. so that more transaction 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 bitcoin, judith and there was a split into 2 separate bit coins. every revolution is 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, the industry has grown so much that they are competing parties, propaganda 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
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strongest claim to the name that coin than anything else. and that's been going cash i think, is you want to say that and causing people to, to buy big on cash when they actually want to buy bitcoin. they're just going to be casting is from issue shalicia online for i'm been told the omnia d for the english, rosie, dr. kaufman, bitcoin b cash. because tom depression, he had for some his sierra energy. nuclear. those in your face to bitcoin, to call them coming up the chain explained and predicting the future of the internet and the, the, the, it's all familiar innocent lives ended in an instance then grief, anger and the debate around firearms. but for survivors and families of the fallen
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reality often changes forever. lines investigates the long lasting trauma inflicted on communities. the aftermath. my shootings in america on al jazeera, the morning heroism, and they were well to read the 4 icon in the area and meeting the people in the places and song writers and musicians who composed the songs from north africa on iraq. vaccines. a promising passed out of the panoramic, but 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
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misinformation, the latest developments, what's going on here is very different. first thought the vaccine comes in the form of a nasal spray. special coverage of the colona virus pandemic on a jessina. ah, ah, i'm not a site in don't here. told stories on algebra. israeli opposition leader? yeah. le pete has informed the president. he has a support to form and you government and being benjamin netanyahu is 12 years in power. right wing leader natalie bennett, would be prime minister 1st followed by law. the 2 years later. israeli coalition brings together 8 parties and has won the support of the palestinian israeli party, the united arab list. the deal still needs a parliamentary vote before govern.
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