i am very sorry for that. i wasn't going to stay longer at least experience one of the games i, i'm so that we watching everyone was up game. all my teammates are, i think all of us are mexican american or at least have hispanic background. i feel like everyone in the other countries are expecting you know, americans actual like americans born in america, parents, america. but we're going with parents immigrant. parents make them proud and show them what we can do. all right, just before we wrap up this show, we have a winner. a competition to crown. the fattest bear and in alaska park has ended and he weighs 635 kilos. is nickname you ask their force one. he got the most votes beating his nearest challenge by more than 10000, but i will have, you know, that north american brown beers stock fap reserves to survive over the course of

the hibernation. ah, welcome back and watching l 0 the headlines. it's the final day of nato meetings with defense ministers discussing how to deal with moscow and better arm ukraine, while germany sent the 1st for promise to air defense systems to keep on wednesday, ukraine's president volunteers. lensky says, ukraine only has about 10 percent of what it needs. the air defenses hold up, bill hamid has more from keith. air defense has always been top of the agenda. photo ukrainian president, simply because russia does have superiority when it comes to s rise and it has shown that it can. and it continues to be able to have a really the width and breast of ukraine from cities incense in the central part

like the new bra and the south region all the way to the western border in libby. so that is an issue that the ukranian president and the korean military have. meanwhile, russian president vladimir putin is in catholic, stand for a meeting with the regional leaders. he is said to meet turkey is president richard cypert, one as well as the mayor of guitar. they will be discussing the war and ukraine. more than 500 people have died in nigeria is worst floods in a decade. and operation is under way to rescue thousands of stranded people after flood waters blocked roads and destroyed villages. is really forces have arrested $25.00 palestinians during raids in different parts of the occupied with bank in 24 hours. most of the detainees are from occupied east jerusalem and its suburbs. at least 9 rockets have hit the green zone in the iraqi capital, baghdad, and that's according to eye witnesses and sources and parliament, which is meeting to try and elect a new president. also,

conspiracy theorist alex jones has been ordered to pay almost a $1000000000.00 in damages to families of the victims of the sandy hook school shooting in the us. jones falsely claimed for years that the 2012 shooting was actually hoaxed. a report from the world wide lay fund says animal populations around the world have declined sharply in the past 5 decades. populations of mammals, birds, amphibians, reptiles, and fish. i've seen a 69 percent drop since 1970. those headlines on al jazeera next al jazeera after power hills presidential election is going to a 2nd round on october 30th convent hardline, president drake, also nato and socialist president. are buying from hopes which one poses to reenact to brazil, highest office ongoing special coverage on outages era when

bitcoin and other crypto currencies 1st period. well, over a decade ago, few people could have mentioned how widespread they become. now these various forms of digital money are in common use, if not yet universally understood, but where exactly do they come from? who uses them? and what for better or worse might be the long term consequences. we sent reporter rory challenge in search of answers. i. the in any will to create

a currencies. money's got strange the 13 years and big coins. creation of being a roller coaster ride, born from the financial crashes, money liberation from central banks. bitcoin is a person to person, electron a cache system. think of them like token the by like very much. now of course, this is just a prop crypto currencies are purely digital and we access them in a digital wallet. we can send them anywhere in the world in a flash. if a business accepts it, you can buy goods and services. you can think it's built on the block chain, a decentralized database of transactions that's transparent and secure, but bitcoin can get pretty wild crypto currencies have no controller except the markets. people have made fortunes and lost them, their value can go. 6 way, way, way up. oh, come crushing dough. but where does it come from? what does it cost a planet?

is it the future of money or the useful has money? it's all. my name is rory challenge, and i want to find out who's my 1st destination. pennsylvania, the u. s. states that is fully embraced crit bitco, and he's going to take over the, well, it'll have to conquer america. and it's making good progress. recent survey suggest about a 5th of american adults that all ready bought into crypto. so now that i'm here, i better get some right. this is chain bytes inside is a man who's trying to make buying big cohen as easy as possible eyes. hey, rory, let me check. i don't mean to like very much. so the machines. yes they are. you want to use one i do because i don't have, i don't have any back going. so what do i do? this is brave you over me. first is click on the screen. get it started. yeah.

you're gonna buy decline. it's like how much you want to buy. so here we go. 10 bucks. lots of the big spenders just in there. so that's that, that's it. and then you can look on your wall and you can see you got to the queen who. oh said his pending. yep, that's it. i mean you got it. eric grill has been buying and selling bitcoin since the early days. now he runs a company that makes crypto currency atm standpoint, solves one of the problems that we've faced for years and years and years, which is the government controls money. and you have a central authority controlling money. and so what that means is that people, you know, they just print it, devalue it, and you can't count on anything like, i don't know how many dollars are going to print next year, but i know exactly how many big ones are going to be issued. so can we call that currency, should we call? i can't say it's, it's the best currency the just on the planet. but the currency needs to be spindle, and i'm going to put this to the test. 50 is supposedly one of the most crypto friendly places in the states,

the mass talking about the city having its own digital coin. basketball team is sponsored by crypto dot com. so using my new bitcoin here should be easy. a check out coin map, a website that says it shows every business in the world that takes bitcoin for the philly area as a list of only around 20 or pick up the phone and start calling them. 1 6 1 1 ringback oh, good afternoon. calling this payment. yeah. you doing? all right, thank you very much, bye. as we move through the list as similar story now. okay, well, do you guys accept bitcoin as payment there? now we do not know did, did you ever we used 2 years ago and then what happens, why did you stop? the technology was too hard to maintain, regularly enhanced the staff is ensure what bitcoin really is. so think does not

billy like using it, is like between evangelists, may say, is the feature of money, but the vast majority of business is listed as accepting it. don't. until do you guys accept bitcoin as payments? you do? they invited us down for lunch. this is the sum paid food truck home, so they say some of the best barbecue sandwiches in town. what can i get? so we have brick, pork and chicken. jessica and her partner began accepting bitcoin in 2015 and say, unlike others, they will continue to do so. can i pay with? yes, you can. or this next amazing. thank you very, very much. a lot of the people that were accepting the coin in the city and they stopped, you know, they saw how to cycle and how it kept fluctuating. and i think it really scared a lot of people away, but you kept us, but we kept at it. yeah. why, i don't know,

it's just something we believe in. we just believe that crypto is the future. do you worry a total about the security of it or the whether it's a scam and anyway, i worry more about the dollar than i do bitcoin. i do believe it's going to be the currency of the world, but if it is bit going, has a long way to go. few american seem to be spending it for most is just another investment. but why does big coin come from anyway? i'm heading into the pennsylvania countryside to find out when i get their future finance is a little money than i'd imagined. i just i make a note or what is that noise? what you're hearing are the klein miners, the, the big one is in the next one liner. you can see all the little fans in there. there's a little computer on each one of those fans. jeff campbell is the lead engineer

stronghold digital mining. it has 12000 specialized computer processes. we're looking for $200.00. this is a long number and everybody in the world is working on the same equation. they're all trying to find the same number. and if you get it, if you get it, you get 6.25, that point right now. and how often do you get it every time that it's somebody on in the world finds that number, it's high tech lottery to function. mine is race to verify the newest transactions made everywhere on the bitcoin network. the winner is rewarded in bitcoin. it's an entirely digital process, and it used to be done by amazon enthusiasts on home computers. but these days, it's big business, and the u. s. does more of it than anywhere else. worldwide, we're going through more combinations of numbers and there are grains of sand on the earth. so you can say it's profitable if you can find that grain of those profits are putting in bigger and bigger, operates as a 21st century gold rush. but here's the catch. bitcoin was designed on

a system called proof of work. the more processes get thrown at it, the heart of the algorithms become, the harder the algorithms become more computers and needed. it's an energy guzzling arms race. and this is how strong holds operation gets his power, their own dedicated power station. it burns fossil fuels, coal waste, with all the greenhouse gas emissions that entails stronghold. see, greg bill takes me into the hissing, roaring heart of the beast. vocals me the oldest kind of brute. industrial power is just going to make something that you can't even touch it. it's a digital currency that kind of plates around and then in the spare it is after the old world industrial mates near will finance. but what's the environmental cost of

all this cambridge university says, bitcoin pumps out as much c o $2.00 per year as a country like the czech republic and consumes as much energy as the whole of highlands. then greg tells me something astounding when we started the project. 4 or 5 years ago, the mining economics for bitcoin were really enough to support the plant. thankfully said pennsylvania in a, in a bipartisan way, modified the rules a bit to allow us to earn more of a, what's called the renewable energy credit. and that isn't that plus higher power prices was a port is running today. so pennsylvania, not only coals coal waste, an alternative energy source, it actually subsidizes stronghold to burn the stuff to make bitcoin. how can this be? oh, because of this in the toxic legacy of nearly

a century of coal mining coal fed, the furnace is a pennsylvania is once mighty steel industry. and this waste, sprawling across the state in vast sly keeps, is the low quality material left over from the mining acid and poisonous heavy metals. leach out at them, bill spends his strong whole digital mining chairman. i feel as if america had in the world had a party here. and then we woke up the next morning with the residual garbage left over and they're having to clean up after the party like the state of pennsylvania. he won't see he's gone. he says he's using the states alternative energy incentives and the profits from big coin mining to make that happen. but coal is the dirtiest source of power there is. and coal waste is especially inefficient. so i asked bill the obvious question. do you think

that the c o 2 emissions ah, a justifiable byproduct of clearing this landscape? i absolutely do. and what i'm asking you is just stop a minute. look at this. i understand where people say it's not perfect, but how many things in life are perfect. i, i mean, rory, i mean don't let perfect be the enemy a very good. so do you consider yourself an environmentalist? i absolutely consider myself an environmentalist or bill and his colleagues firmly convinced that they're doing what is best for this area. i have a feeling people campaigning against climate change. i'm going to disagree who i'm on my way to meet one has another coal waste power station. right? makes spect chimney. there are plenty of bitcoin miners who say their operations

are green, but most tend to seek out the cheapest energy, whatever it source. this is russell's ebay, who works for the clean air council. the interesting thing about bitcoin is you could do it in the cleanest way possible, or you can do it in the dirty way possible. and as long as there are government subsidies to do it, in the dirtiest way possible, people will keep burning coal waste. generate big coin was supposed to be moving towards the next 0 future, reducing carbon emissions to nothing by 2050. how does that fit with bitco? it's huge energy consumption. it does not the introduction of crypto currency and its energy consumption is such a massive step backward for environmental efforts efforts to confront climate

change. russell says several states in the us or considering banning bitcoin mining, but not pennsylvania globally, as a growing list of countries that have already outlawed it. china being the most significant one of the other things i've heard about big coin. it's a haven for criminals. crypto links crime says to record levels in 2021 up 79 percent from the year before. i want to know what's behind this. got us greg is a former f b i. agent who now works for a company investigating crypto crime. criminals are using crypto, the very same reason why the vast majority of crypto users use it for that speed, liquidity, and cross border nature. what are the kind of crimes that we see around crypto? they're doing everything in this virtual asset world that they were doing in the regular world, particularly scans and frauds, make up the largest category of elicit use of crypto. but you don't think this

actually is a problem with crypto itself. you know, there's nothing inherently evil or bad about crypto itself is just simply another method for value transfer. criminals stole $14000000000.00, encrypt currencies last year. or we see any kind of state involvement. and this we have seen, elicit use of hacking by north koreans, for example. in fact, they're responsible for hacking over a $1000000000.00 in exchange hacks in the past. but galvis also says the transparent nature of crypto is block chain ledger actually gives investigates as a treasure trove of data to work with. so for example, if there was an elicit transaction where a little lady was scammed out of her money and they, and she said no, i paid them in bitcoin. well they, they can look at that transaction and see where that woman's bitcoin went to. and from there they can then engage legal process to either freeze that account or seek recovery from that victim. and that's why that's so important. ah,

my next stop is london. one of the world's financial hubs. i want to see what government and central banks think of this brave new world. easier said than done. we are so central banks, both in the united states and here in england to talk to us about that. i know why, while many central banks are undecided what to do about technology designed to break the control of money. i've come to meet harriet baldwin, a british conservative m p, a former investment banker, and a member of the treasury select committee which examines government's economic policy. do you think the central bank should be scared to correct that kind of things? i think they're all looking at it. i think it's going to be important to coordinate the approach amongst the developed world. busy central banks. i think, you know, there is also the risk that being currency could end up being the, you know, the tulip bulbs of the 21st century. 14. i was, you mean it could be a bubble. people could be buying something for way above the value that someone

else will pay in the future to take it off the hands and they could lose a lot of money in the process. and that was something that they discover is actually just lines of code and doesn't have intrinsic value because no one else will accept it as payment. does crypto currency development poses threats to financial stability? it could be potentially, if it becomes a much more significant size in the well financial markets. at the moment all the evidence we've had on the treasury select committee is that it's still a very small proportion of the world's asset base. and so therefore, we've been told that it doesn't pose a threat to financial stability at this level box. what happens when a nation state does jump with both feet into this weird new world in our home, in the german, at this point? i

have come to a country that boldly gone when no other his dad and turn self into a unique fiscal petri dish. ah, is assigned to the bank on beach now this, this is where the experiment started for l. salvatore. 3 is back. a clique of crypto converts began transforming the surf town of ells on tape. they persuaded people to join a local circular economy based on bitcoin. but all of el salvador is bitcoin beach. now, last summer, the country's president, i had to kaylee, rush through a law that elevated bitcoin to legal tender alongside the us dollar. know how the government has taken such a gamble with national finances. i'm interested to hear what the founders of bitcoin beach think of it all. roman martinez has one of them was beautiful. that dream that started super small now is more bigger than our sabbath or,

and mainly people around the world dreaming with our country. and i, jamie patricio and this missionary, 70 percent of some other into for world blankets. and that means they've got your bank account right now. bank account, any kind of financial service a now as soon speed can arrive in our community, will start to seen. people say, be modern people transacting digital people, receiving and making digital payments. people buying an asset, the for the 1st time people sending money from all saba to the us from the us each other because we can use the monetary network. the humanity ever had. you know, these are big claims and i want to find out if they coin really has transformed

this country. bitcoin beach seems the obvious place to start. but at the place i stop for lunch. crypto isn't welcome. if you're going to pay me, pay me money because i want to go to the grocery store. i want to go pay my dads. i want to make sure that it's being done. do you even consider it to be money? no. what is it? it's a fools, aaron. i asked at several other places to some accept it, but plenty don't. ah, the large majority of people in this developing country live on subsistence incomes . how are they responding to such a huge experiment? ok, quite a is an assistant professor of latin american studies at dartmouth university in the u. s. is also a salvador. him and jorge took his round, the vibrant working class street markets of the capital san salvador. i mean so far,

because he has done very little to change the dynamics of the marketplaces here in san salvador. you might see a couple of signs that say we accept big coin. but when you actually go up to the souls and ask people have to take some of the point they're like, you know, i'd appreciate if you dollars health i what it was government sponsored, a national digital wallet called chiva. but early tech glitches put people off. many checked in to cash out a $30.00 welcoming sweetener, and haven't touch it since we supposed to still will achieve a sticker. i think that you told me that the sticker is there only to abide by the law that they have to take it. if someone showed up, so what do you think the actual uptake be going to be in these kinds of environments and in the daily transactions that people know, the court is not a presence at all. in march el salvador chamber of commerce said 86 percent of businesses hadn't made any bitcoin sales. a really actually benefits are bickering

. so as big one is laid out, now most of that the wealth generation and the wealth distribution goes to about 0.01 percent of all big coin owners. they're the ones who have about 27 percent of all big coin worldwide. so 0.01 percent of any tiny, tiny, tiny percent owns 27 percent. exactly. and that, that those are the big coin wales. those are many of the people who are behind big queen, booster ism and, and the ones who are creating all these different kinds of enterprises and businesses and ventures in places like el salvador. and presumably it's in the interests of coin owners to keep the height going. right. i think that's exactly right in salvador, bringing people into bitcoin. it's part of this process of trying to inflate the value and trying to hit those kind of milestones that many of these lead bitcoin

holders are hoping for. to me that doesn't sound too different from their scheme. it's exactly a pyramid scheme, multi level marketing, where you need more people to enter into that space and things are gonna keep the value up and keep the party going. when bitcoin, critics say the whole things a pyramid scheme they point to the events laid on by crypto currency firms, events like this is called heels for bitcoin. and it's hosted by a company called packs full now is a good time to buy in the salvador in women. it's hold on it and other packs for event 3 days later. and the star guest is el salvador was youngest. ever congresswoman 27 year old donnie gonzalez helped past bitcoin law here to make big coin legal tender countries also want to be like us have other talking about a specific le. hello has many critics though, doesn't it, sir? the i m f is recommended. it's alex, i will go drop it because it's just too risky. so why is it still operating our democratic country? and i mean, we have our president,

our government are on congress. and any this is shown made or comments made for other institutions around the world. i mean, there they are. are people who recommend things, but it doesn't mean though we're going to do those things. this is el salvador was tech enthusiast, president naya, be kaylee, how much his bitcoin experiments has cost, hasn't been disclosed. and this secrecy concerns many, the bill could be $400000000.00 a, some economists, and every dip below el salvador, bitcoin purchase price hits the country's coffers, dinner. how much money has been the host? lucy, and actually, this is how get them works. we're waiting in the future for a have more gains are about be going so it's just a matter of time. this comes to the very heart of the bit coin question. many millions of people around the world have bought into bickley, hoping to ride

a wave of riches father using it as a speculative investment at a risky and environmentally damaging. one of that, most people have never use. it has money. and it's difficult to see why they ever should. what is soaring in value? why would you want to spend it when it's promising in value? who would want to receive it? the thing that makes bitcoin so attractive to invest as the crazy law is invalid is the same thing that's holding it back from becoming mainstream currency. it's basically too exciting to be money. bitcoin needs to be boring at the moment. it's anything but ah oh well that he's going blind from a rare genetic disorder. ah,

as his son beholds the beauty of the world for the 1st time, robert may be seen it for the last. ah, but has this genetic disorder been passed on to his son? witness a sky without stars. oh, now to sierra. ah, ah.

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