tv Bitcoin in Latin America Deutsche Welle August 19, 2023 3:15pm-4:00pm CEST
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seen play england in the final. on sunday. we will end it there up next. now documentary series looks at the digital gold rush in latin america where bitcoin has made a peculiar foothold. a michael look more news at the beginning of the next hour. thanks for watching and bye for now. the one to know what's going on in rhodes? now, a group of friends is getting ready for an unforgettable mind. someone is in wiring . this beauty, this is rhodes now. and now is the time for you to book your trip to rhodes rhodes? once you love he's, he's the
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the el salvador at the foot of the contract. go up. ok, now this is the future site of the coin city. here's how it will look. since the countries presidents, the steps there. well it's not clean. now i'm taking version for just arriving. but a little way down it uh mattress. uh, got a little micro kitchen just to uh, just the one man will. citadel hut, you know, front door and it's pretty safe around here. i haven't seen a bad guy since, since i've been here. and so i, in oregon,
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sleep out on the beach or you're just, you know, there's, there's no trouble or worries washer. the 30 i, my name's corbin. keegan, elder quintero. the 1st residents of the coin city. according to your email, salvador is the beacon of light and hope for the coin fix is not just the money, but everything built on the money. the
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here in guatemala lake dotted line is dying and bit queen 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. and no one knew el salvador before. lots of us are only here because of good pointing because it's an opportunity for a global economic collaboration. and how that works, i don't think also, but it's a business for the lead. i think it's the course communities who have the lease to gain from an economic system like this, but i certainly point them here. so when you talk about the inside of the, it is related to the point where it's going to be, let's go to completely
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a couple pieces, a big problem in guatemala. if we don't collect the oil, people will just chuck it somewhere which is sent to the environment. the may. i'm being that because when it rains, it goes right into the lake. by the next. i mean they, i, i live with 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, who made bitcoin machine and he has a key hi wants to use it to mind digital goals. first, these filters food residues down to the old cooking oil and then it's ready to fuel the own diesel machine. the electricity generated power, small computers, which perform cryptographic operations for the global bitcoin block chain. in
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return, they receive small sums of bit coins at least one mines 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 pay for my coffee inbetween where you're living right next to cub. boom is prime on your site. most people, i'm a musician, a very sacrament. when trump bass, drums, seaboard marine the violin, he doesn't understand why it has to be so noisy here. i keep telling them to get a muffler, then be quieter. americana
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. i'll probably be going. 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 hidden air. 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 this methane and flare it create energy and mine big point. the organic waste ponds as being inactive. but yes, connecting it to the grid is too expensive, so wasteful to adjust the flow has passed, it could be coins from the same mining. finally get it up and running. this is low hanging fruit for us to help the community. and again,
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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, a real virtuous cycle of taking waste and creating bitcoin and improving the economy and proving that community and protecting the environment. patrick mount came here from the us as a christian missionary. now he leads the logo, bitcoin project with the same zeal. i have a lot for this community. i love her guatemala and i love to help people. so if i have a tool that i can use to help people, then you know why not, why not do that? most people here have no bank accounts and 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 has bad cash, she used it to buy more stock. now she has a big calling, wallet, a new customers. they scanned the coupon code and big coins land in her wallet on
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the block chain, and the it'd be clements and we're going to put this on a form of a name that's been calling is great and it's, it's a way of investing more. patrick told us that the price was actually a high, but if i regularly invest some of the process, i'll have more life. okay. can 7 moseley 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 great to orange pill. someone is due on both them to big point. here we go. is that how are you waiting? this is amy and i'm going to say yes, i don't know. i'm eli is from the like a big calling project that is dealing with the cooling makes practical sense for your business list. why? because you get a lot of tourists from the us and the rest of the world goes, 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
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send you money directly without commission. the blue stay the middle in the night, let me show the motorcycle rental company is skeptical in 2021 l sounds. it all became the 1st country to accept big coins as legal tender jeff got us is a bit coined at 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 big coins. yeah. there's no headquarters in state. and so there are conferences where 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 toys. off to one found a tent. he pays and bid coins. so now it's worked. this
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is jessica thomas's 2nd visit. ever since l sounds little adaptive bit coined as a currency, it's been a promised land for bitcoin is what about the locals today, shatt and this euphoria let's go the number i speak to, isaac, to a pen. yes, i'm a journalist from el salvador and collect human this. it seems the state of emergency independent journalism has become increasingly dangerous. i mean that there are threats and restrictions when there's some people of why it's happens, in spite on the domestic the one boy that saw the roll, your late be when the whole big coin thing started in 2021. the government loans to be campaign to say we were on the way to becoming a will the can only talent as the 1st country to implement between the atlas for set it up for the medical you have it on september 17 and by the one year anniversary the government didn't say a single word about the coins here. you know,
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he had a no, nothing, not sole up alotta. why not? and why? you know, sort of living in 2022 after a spike in homicides both are, it is declared a state of emergency in el salvador victo opinion takes us to posit limited in the hall to the capitals and salvador to see some of the effects. the bi mahoney, you know, 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, so i guess 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 wells. since declaring a state of emergency,
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the government has imprisoned over 66000 ledger gang members without valid trials. 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 of book is empty. why? those are funny and says, you know, send dimensions in the wall on games. most security comes at the cost of basic human rights. the big calling revolution is on how the state speed calling quality chiva is being launch leah band. only a few locals use it and then was in the cooling. yes, we have the it was doing pretty well in the beginning,
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but less so lightly. i don't know why the, some of them as little sign a bit calling you for you in the center of san salvador. the next morning we had to one of the forest regions in the country. the presidents, high profile and project is underway here. bitcoin mining using volcanic energy journalist the 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 go out on the way to one of the nearby villages. oscar velasquez wants to show us something. that's why reading people i, there it is. this one up along the, in it, in the here you,
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that's the power station with their developing. the big coins is a raw material. says the government, the but as a community, we don't really know what's going on a quite a bit. but of course events, and we're the ones who could end up suffering negative consequences in just a little gotta, 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 go mostly what i threw it on the 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, the big calling base comp inside sales at all. and we're leaving now, so think about the big coin delegation. he's also heading to banning on an exclusive visit to the goes to him all power plants. if you don't see a geothermal power plant like this every day, all those types and the steam power coming out of the mountain and also getting to
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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 bill of the mining parts on pacific subjects. visitors are rarely allowed inside the power plants and geothermal energy is an important source of power for the country. heat from the nearby volcanoes, tens ground water into steam, which drives turbines to generate green electricity. president. now your book kayla has promised that this kind of green energy will supply bitcoin city. this would make green bitcoin mining possible. jeff got us because 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 for a society or to push me updates on such as buying,
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right. let's see if we see anything. it's not over yet. here we go. the, a few kilometers away. we learn about living conditions here. when, how many families live here? there are 76 families in the community. i see. so no one has running more sense is what i'm no, there's no, well here the community, you collect the rain going to in this rusty tank. this is dan drinking water. soon . it will be the dry season and i've had the thank goodness we haven't had any terrible diseases of the items i had. the children sometimes get diarrhea from the water. but i mean, hold on, let's see. oh, where,
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what to improve the situation we'd need support from a governmental or non governmental institution at the moment. i don't know what 11009 for you at, especially when the tank gets empty on the landline. thank you. it. the net one that you would like to have a proper water pipeline so that the families wouldn't always have supplies that, that have been if you see on the left a minute in the middle of this last forest. water isn't luxury. families live here with minimal infrastructure. no sewage systems, no paved roads rationing is common. the why is there a lot? you think it's a just on people's feeling, the water for the rest. you want the only open the tap when we hand out the water rations. if the, if someone would lie a 2nd for someone else who are not in our, a full pockets. so going to pass timely day in drawing months even less.
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some of the energy generated at the g as the old power plant goes towards a bitcoin mine on site. the delegation wants to know how many big coins are being mind with the computers here. but they only get a quick look inside a no answers. the projected have nothing has changed compared to last year. we'll try to analyze it a bit more later from the photos and videos. we know roughly what's going on here. no big limits. that much of the kind of a you ever go president to kayla county. da's demo mining is 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
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a sanchez family. douglas and his wife have raised 7 daughters and several grandchildren. without access to clean drinking water, he also has rain water with sugar to his gas, the vic to penya pretends to drink, to politeness see this case and sure the water is also said to help with anxiety, a little buckle. he didn't just what it was to go now still has a side of the amount that gets it. the thing i'm going to call you here about is how these bitcoin profits are going to solve the country's problem. and look at some point. now i can't get that, i'm okay and, and maybe something we'll change a good on that for the for the him flow through breath. yeah. if it's true that it will support a lot of projects. that's great and not one from the political
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a city. when, if i know that i don't want to be selfish about that, but we have a real emergency here with drinking. why? the number one number ahead and check it out. i wonder if it's a lot what profoundly or without the infrastructure investment douglas sanchez's grand. some will also grow up without running water. victo opinion, doubts that big coin will help with that. what are you at the ending but it's what needs to maybe it will help the be investors and the government itself. everyone who believes in and promotes these between religion and miss beverly, but i don't think it will help communities like these. at least i don't see a plan that also takes to pull people into account and see what 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
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a daughter bad by identifying with the one thing. i always say that i do this with because i have the advantage of seeing these needs. i was right on the front line. they give enough what i say, but it really get us to meet necessity. i the payment, i mean we have to make her fam, which of the middle of the family chill. it's just painful to see children having to live like this and pick on wants them. okay. and what's your basis? i want to give these people avoiding sort of expensive and people who's being condemned to silence since the stone, you know, then sealants got evicted, comments out 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 tell the story other than the boy that did that. and he started to play
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the facts in guatemala, patrick milda, and l. e, as uh, us case site has set up a bit calling wallets for the stock of a motorcycle rental company. are you list? i'm going to the metal mini lukea sending you money right now. you know, say yes, reach to transactions there instantaneous. sometimes 1 dollar. and where can i withdraw this in cash? just so you can move it on like a human atm. you call me and i'll give you the money you'll being what do you give me beat coins and i'll give you cash. it's very simple. and we don't charge you anything for the exchange or know, quarter or more we want to in a very exciting and once people understand how it works, everyone move on to use the coating. i have some dallas right now,
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but i'll have to discuss it with the boss 1st. let's see. looks interesting, but i'm not totally sure. especially because the value fluctuate so much more like the sunrise impact such as the st. 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 these private school as opposed to learn about bitcoin. 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 go? let's talk about big cooling the recording is digital money. he said, is goal is that is a key hi. translates because patrick mailed,
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it doesn't spill down. it is the middle of the heat, the, the difference between this and this is the government says, this is worth something. but the government says, this isn't worth anything. i can buy hundreds of these pads and, and make as much of this as if i wanted to predicate zone is i could make it make as much of it as i want it to. that's essentially what the government's doing with the kid so that coins is my goal. it's what we call digital gold. you can start saving it now, so that when you're older and you have much greater well. proponents came the big calling base development aid 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
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incense sounds, i don't. jeff gallus county's delegation are allowed to attend an event at the 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 it. i'm excited to hear about the digital strategy of so there are still some unanswered questions, even from last year. what's going on with bitcoin city? what's planned, what's happening in my experience, we can ask a pretty open questions at these meetings and also talk to the experts in the old and the answer to the best of their knowledge. nelson n o has lived in germany for several years. he hopes bitcoin can help his native country. i'm have gotten 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 sell the door,
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could eventually become a country like sing, it pulls that in and i see that the opportunities, the math i can see. but we have very big challenges. nelson, you know, is looking forward to getting new information from the government, just like everyone else here. the minister of the economy has canceled fund president boot kayla is causing will speak. she gives the same presentation about big claim as long as the city. is there a timeframe or she will detail that when you go to bills, 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 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
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going to be implemented, or a time frame of when it will all take place. the question is, what's really behind this? is this just made for investors? what will come of you in the end possibly that so the question we turn to one of the countries most critical economic voices. tatiana moto keen, well, i know how are you, are you saying? yeah, i have a pretty bad fever, but i hope will be better and 2 days then we can skype and peace. journalist victo opinion wants to show us how many people in el salvador and money, la, my already i left for let's see on this device. and not most people here don't have a formal jump, no steady monthly income. so they subsist, they search as we say here. so please said i won't
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we arrive at a traditional capital market in the east of the country. to get a hint in there. not many people know me that you want to understand the economic dynamics of these country. this is the reality. people get up very early on the drive for 4 hours just to buy and sell capital one up would have been very good practice. so then that'll victor opinion has been use documenting these capital markets for offensive projects. business here is a cash in hand. any bell rebates is a professional high blood? hey, what's that one worth back there? i'm going in. lots of strong animals. get that it will give me 10 more.
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i'll forget it. i'll do over there every don't to is handled over the profit margins us me and have to sprint fund a brand. see you video like the $1600.00 for it? oh no. 15 type between no, no, it's not worth anything here. it's not for them or you don't know what it is. they say this money is in circulation, but it doesn't work here. i get on the we want dollars. these lines don't trade is don't like the idea of the coins, the land, vanessa. 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
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built in the money it's. i think almost that goes between has nice male yellow kind of it'd be going no way back to the ministry. the big coin knows, confront the governments about the crash at the crypto exchange at the x. they want to know if the data and debate coins are affected on says a not to bulk coming goes down. those are 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 of those to network beach calling in the state . and it really was go to the session there's. there's a culture clash between bitcoin culture and politics. give them bitcoin is very open and transparent,
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and it's critical in the sense of being the scientifically inquisitive and big corners of people score. very open and honest, who want answers to everything. and in general, politicians are people who just say whatever they need to, when in doubt, they'll say they don't, you know, rather than giving an honest answer, us secretary bizarre, stuck the, we ask economies, tatiana model keen walk. she thinks after a yeah, a big going hello. the promise was financially inclusion. that's what the between law says. we can actually see that there's no benefit in financial inclusion, not for people leaving inside of our and not for people being outside and send them. remington stores have both, it's actually too risky. and i think it's the same reason why people in several ways not using it. the state gave every citizen
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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. the beach cleaning of the sideboard. it serv, representation of how the government act. like hiding a lot of information and they do things from one day to the others. and if you, as a citizen, criticize some of the things or the details about what they are doing, they actually harass you. so yeah, there are a lot of jordan, a lease that has the guy who's i have big as to spies software on her cell phone installed by how a government the fact that it's not you and it's an important thing for the long ago bitcoin project
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. the biggest challenge is raising the money and we're in a barrel market right now. and when we're in a barrel market excitement and enthusiasm about investing and bit going projects just kind of goes down naturally as you would expect. and so it, because of that it's, it's super challenging. yeah. patrick, mount the has invited big coin is from all over the world. possibly because he urgency needs investors. that above all, he needs popularity. but he's mining from waste project. the prototype has to, we know that his gas bitcoin mining for environmental protection, sounds good, but can it be implemented on a large scale? everyone here knows that boom only generates tiny sums of money because i have 3 electricity. i think it's great. yeah, i don't know how well it scales off, but it's
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a fantastic initiative. they say they make money here, but i don't see any come out. sorry, so thanks for coming in and see. yeah, it looks junky. 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, the heading into the mountains to
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a huge dumpsite. * the today's on sounds, it all begins hosting, one of the most important bits, calling conferences in the wells, adopting bitcoin j one 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 and see best on shadow. hundreds of big calling is entrepreneurs and developers have arrived on don't age by price drops in the past few months. the conferences focus is on making big calling more accessible. jeff, kansas is sharing a panel on the topic the
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while they discussed technical problems on stage. others up, busy networking the necessary 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 the coin every day. the get. in fact, the movie type hobbies stay on the students and indeed us, they stand loan you on. at the other end of the country, victo opinion, visits the place where bitcoin city is set to be built the smoke. i don't like a hint then they'll get us when yeah,
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and it's not that people don't want to drain, but we can't dream it 1st. we'll projects when we don't have the basic education pearl seem like on the last say that we've got cooler access to health care and they can all make policies a bankrupt. so what do you think i have going on? because it's done in cuba. there is no sign of the mega project, but i'm at the old. the president promised a new airport as a connection to be cohen c. c. the promised the pacific train from it. he promised a bridge for the last 2 of those highway of charles he promised to stadium that the but we haven't seen any of it so fun. when will be spent on the tape, what is the lucky enough? could you imagine going abroad if the political situation continues like this, alex here and so, yes. so can see, unfortunately, the can only time will tell that's not the aggressions into tax are getting worse and more threatening kind of a my flip the coffee. well, how many not sound?
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and because on the pessimist, i think we'll have to go that way eventually. good. ok. who's coming? look at them and look at them on in the moment of the bed. ok. but wherever i go, i still work as a journal entry. well, yes, and you'd see in the beginning 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
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individuals in here. we were at a big between conference and we're not here to talk about the human rights situation in el salvador. i think when you and those salvador, you have to take off the european glasses book and try to observe it as impartially as possible as much to drawing our own conclusions. when done, listen, i mean, we're not politicians either. we're individuals who have come together here, other than the nosy as him forbid coin. i'll answer the mentioned, you know, and right now it's working and those salvador and maybe they'll come a point when it doesn't work anymore. i don't have any definite answers, either. several can including on board bitcoin in el salvador, once a day seems like more of a symbol than a payment system. they means very different things to different people. for some, it's the dawn of a digital future. fathers, it sounds more like another wild goose chase.
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the, it's a final stop in guatemala. the plan here is to, to, and trash into digital goals and help find any tackle the trash problem in kind of such as the when i came what the, my very sense to see how trash he's managed here in guatemala with is the biggest cities you'd see 100 times more, which will eat the sad thing is that out full of patients don't care about anything course. and those are but a coupon for the there are people who leave of 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,
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all of this trash in some form, all the contaminants are coming out of this landfill down into the water shed and into the lake. and that's, that's the problem that we're trying to solve. patrick mount the wants to build a plan to the waste, salting, and bio gas. he'll make it profitable by using the electricity generates to mind big coins, a multi $1000000.00 project. and our model, we want to take some of that big coin, the decentralized basic income and put it back into the community because this is, this is their waste. so they have a right to retain that, that benefit, that goal. you know, when the spaniards in new europeans were here 4 to 500 years ago, they took all the gold from the land. massive transfer wells 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.
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they want to believe that they coin will help everyone but have these digital minus trunk goals of fools go. 6 6 6 6 6 6 6 so the, what it is, let's say we're focusing on freedom of expression and how the content of the 5 things for their voices to be high prices advised dr. press freedom. the question is, where is the line between accidents we mentioned is inside the we see in the line, i maintain that there is a line down the porch,
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the 77 percent. what is asking in 30 minutes on d. w, facing internal and external threats. mold over the nation in the shadow of the times. a tax on ukraine has deeply divided the population. some wants and alliance with others are returned to rushing in 75 minutes on d w the . these places you of course, the step into a venture pizza, the treasure map for modern globetrotters,
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discover some of your record breaking site on your back to and now also in book form the this is the w news live from berlin, a russian air strike, kill 7 people in ukraine among the dad is a 6 year old girl. the attack happened as people were on their way to church. also on the program, china stagers, military drills around taiwan, calling the exercises a stern warning following a visit to the united states by the islands, vice president and the us,
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