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tv   Bitcoin in Latin America  Deutsche Welle  August 20, 2023 9:15pm-10:00pm CEST

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really, i mean, i never imagine and believe that i'm gonna leave this moment here because i'm in here learning. i mean your scores look very proud of my country. i'm very excited. very excited. very exciting into that is all the news for now. i'm next to have documentary series reports on the digital gold rush as bitcoin favorite groups, latin america, it's coming up after a short break. i may have to be held for me and the team here. thanks for watching and stay with us if you can. now jerry is here, mauritania is a hands on mark track. we know is this one of the great drains and the grim reality this a hair, it was hail. i swear what remains? i just want to be for the house on the edge of this a hard on the last shelter start september, 2nd on dw,
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the, the el salvador at the foot of the contract. go up. ok. now this is the future site of big coin city. here's how it will look. since the countries president, the steps there. well, it's not clean. now i'm taking version for just arriving. uh, but uh, a little uh, lay down uh mattress. uh, got a little micro kitchen just to uh, the one man will citadel her 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,
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in oregon, sleep out on the beach or you just, you know, there's, there's no trouble or worries washer. the 30 i my name's corbin keegan, elliot quintero. the 1st resident of the coin city here in el salvador is the beacon of light and hope for the coins. fix is not just the money, but everything built on the money. the
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here in guatemala lake got to find is style and big queen mining is the solution. all of that material is waste. that can be turned into energy that can be turned into decline the cost, the money contract. well, no. so no one knew el salvador before, lots of us are only here because of it coining because it's an opportunity for a global economic collaboration. hi. and how about the west when they go? so, but it's a business for the lead. i think it's the poor community to have the lease to gain from an economic system like this. but i think the point for when you talk about that chat about it is related to the point. well it can be clean easily bad. and so
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you're con. so that's what's happening right now. we're here for with a big cleaners, bringing this to the people i'm explaining what a great opportunity in the water model here in front of such a look to big corners, one to shake things on chores long face small town on the volcanic like to live with it's victor ask landscapes and strong indigenous culture. this is elia saw k. hi. and you're going to hello, how are you? i'm just getting the oil is pretty old trying oil that will turn into a new big coins to be. let's go to completely a couple pieces,
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a big problem in guatemala normal. if we don't collect the oil, people will just chuck it somewhere which is sent to the environment. so this is the me i'm being that because when it rains, it goes right into the lake. by the next. i mean they, i, i live well. now we have a solution for that. and well, it's incredible a while as a unit in the backyard next to a car repair shop is car boom. a home made bitcoin machine. i mean, as a ascii high wants to use it to mind digital goals. first, the filters food residue use of the old cooking oil and then it's ready to fuel the own diesel machine. the electricity generated power, small computers, which perform cryptographic operations for the global bitcoin block chain. in
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return, they receive small sums of big coins. at least one mines about $3.00 a day. they don't run over the millions, but $3.00 plus about $1.00 a day on this one. i'm happy. i can pay for my coffee in victoria where you're living right next to boom is prime on your site most equal. 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 it will be quieter. americana . i'll probably we'd be going
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creating bit coins from waste. was an idea that eddie is uh awesome. okay. hi. going from patrick nelda. well, this is what i called a hit or all covered in vines and, and 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 bonds has been inactive for yes. can i fixing it to the grid is too expensive. so waste water just flows past it could big coins from the same mining. finally get it up and running. this is low hanging fruit for us to help the community. and again, it's just another demonstration that big coin is the only thing that could come in
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here and fix this problem. the next level would be the solid waste facility. and then we have created 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 love for this community. i love her guatemala and i love to help people. so if i have a tool that can be used to help people, then you know why not, why not do that? most people here have no bank accounts and done save money. these to one to change that they've already convinced trump keep up a, treat the toner soon in the past, but if she had spec cash, she used it to buy more stock. now, she has a big calling, wallet, a new customers. they scanned the coupon code and big coins land in her wallet on the block chain. and the it'd be plum is we're going to put this on the form of
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a beam that's been calling is great and it's, it's a way of investing more. patrick told us that the price was actual, but if i regularly invest some of the process, i'll have more life. okay. can 7 moseley invest these went up because at some point maybe not now, but even a year or 2. the price could explode or sales for the explicit yeah, this looks like a orange pill. someone is due on both them to paid calling. every goal is that how are you? what do you this is amy and i'm going to say yes, i don't know. i'm eli is from the, like a big coined project that is dealing with the cooling makes practical sense for your business list. why el salvador is really special because it's a whole country of that except been going to put the point executed. so it's like one big laboratory level toy off to one found attempt. he pays in big coins. now it's worked. this is jeff kinda says,
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2nd visit. ever since l sounds little adopted big coin as a currency. it's been a promised land, a bit coin is what about the locals today, shatt and this euphoria let's go the number and speak to a pen. yes, i'm a journalist from el salvador and i came in, the said to be in the state of emergency independent journalism have become increasingly dangerous. i mean there are threats and restrictions when there's some people of why it's happens in spite on the next one. boy, they saw the little girl you are late, the when the whole big going things don't sit 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 saturday, for the medical, you can come and be put on september 17 and by the one year anniversary,
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the government didn't say a single word about the coins here. you know what, we have no, nothing, and that's all 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 lip at times in the hall to the capitals themselves. little to see some of the effects, the bottom of the issue that we're going to kind of black markets vendor, the goods. the sale here are often obtained to lucidly, not a heavy leasing that way, but that's a form of trade that many people here depend on to get their living. and yes, if i more to him, that gets a black market right in a city center. until recently, it was a very dangerous place to visit. el salvador is one of the highest rates of gang violence in the well. since declaring a state of emergency,
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the government has imprisoned over 66000 ledger gang members without violet trials . but sometimes there was always conflict here on the gangs used to clash with each other. but that's pretty much over now when we have them. 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, one that others into modeling cassandra models with audience, as you know, sentiment 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 while it chiva because beam launch, lee, a band, only a few locals use it, but the name was in the cooling. yes, we have the app. it was doing pretty well in the beginning,
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but less so lightly. i don't know why the one of them is little sign a bit calling you for you in the center of san salvador. the next morning we had to one of the porous regions in the country. the president's high profound project is on the way here. bitcoin mining using volcanic energy, the journalist a vic, toll penya, wants to find out if locals will benefit from the project. he meets with, can you the leaders in the municipality of that in all of hello nice to meet you to was i'm victo opinion, but i don't one it's a great place you on them on the way to one of the nearby villages all scovella ask is once to show us something that's worrying people i, there it is. this one up along the, in it in the here you are,
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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 here 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, how will they be distributed among the citizens in the end? that's the most important thing, and this will come with a lot of through it. i, mr. well, you know, i'm looking for a bunch of, you know, there are room is of money coming in. that will be very welcome in this impoverished region, the bitcoin base camp in san salvador. and we're leaving now. so the big going delegation is also heading to bending on an exclusive visit to the cios to them all power plants have. you don't see a geothermal power plant like this every day,
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all those pipes and the steam power coming out of the mountain and also getting to see how it's used 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 of thoughts 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 it's already been mined. that's all classified porter that's inside are 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. i q, we go the, a few kilometers away. we learn about living conditions here. how many families live here? there are 76 families in the community. i see. no one has running water. no. there's no, well here. the community, you collect the rain going to in this rusty tank. this is bad drinking water. soon . it will be the dry season. it i've had here. thank goodness we haven't had any terrible diseases. i mean i can, but i have the children sometimes get diarrhea from the water. but i mean hard, unless you pass the own way, but to improve the situation, we'd need support from
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a governmental or non governmental institution and i don't know what 11009 for you at, especially when the tank gets empty on the lower line. thank you. it, the net one that you would like to have a proper water pipeline so that the families wouldn't always have supplies that have been if you see on the left a minute in the middle of this last forest, water isn't luxury. the family's lives here with minimal infrastructure. no sewage systems, no paved roads rationing is common. the why is there a lot? could you think it's a just on people's feeling? the water for the rest. e. what the only open the tap when we hand out the water rations. if that if somebody will lie, i can for someone else will not allow a fall pocket. so going to pass timely day in dry months,
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even less. some of the energy generated at the g as the mold power plant, goes towards a bitcoin mine on site. the delegation wants to know how many big coins are being mined with the computers here. but they only get a quick look inside a no answers. the 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
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the real village with a sanchez family, douglas and his wife have raised 7 daughters and several grandchildren without access to clean drinking water. he also has rain 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 and he didn't just go to be to go now still has a side of the amount that gets a bang. i'm going to call you here about is how these bitcoin profits are going to solve the countries problem. me and look at some point. now i can't get that. i'm ok and, and maybe something will change that. i'm the for the 0 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. uh. when does i know that i don't want to be selfish about that, but we have a real emergency here with drinking. why the number one to many and check it out. i wonder fixed, and that one for 5 or without the infrastructure investment douglas center says grand. some will also grow up without running water victo opinion downs. that big coin will help with that. what are you at the ending but it's released the maybe it will help the beat invest is 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
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conditions, especially because i have a daughter bad by identifying with the work they. i always say that i do this work because i have the advantage of seeing these needs. i was right on the front line. they give me a for i say, but it really get us to me. can i assist you? i have the payment. i mean, we have to make her fam, which of the middle of the family, it's just painful to see children having to lift like these and pick them, wants them. okay. and what's the basis? i want to give these people avoiding sort of too expensive and people who's been 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 along the way that it went that way. he started with
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the facts in guatemala, patrick nelda and l. e. as uh, us case hi has set up a bit calling wallets for the stock of a motorcycle rental company. are you list? i'm going to the metal unit lukea sending you money right now. you know, say yes, reach to transactions there instantaneous and dining at $1.00. 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 bank me beat coins and i'll give you cash. it's very simple and we don't charge you anything for the exchange or no quarter or more. we want to in a very exciting and once people understand how it works, everyone move on to use the coding. 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 i patrick belda is speaking at the 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,
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is goal is that is a key hi. translates because patrick meld, 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 gets out bit 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 wealth proponents came the big calling based development age would help reduce dependence on the global know that this or ptolemy would create sustainable prosperity will to everyone trust these grand promises. being too many the
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incense sounds, i don't, jeff got a some time to use delegation or about to attend an event at the ministry. el salvador native nelson, you know, is also joining them. the event is geared towards bitcoin us, but the dig attached to, to get, i'm excited to hear about the digital strategy of so there are still some unanswered questions, even from last year. what's going on with bitcoin city? what's planned, what's happening in my experience, we can ask, i'm 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 n o is looking forward to getting new information from the government, just like everyone else here. the minister of the economy has canceled fund president boot kayla is causing will speak. she gives the same presentation about big calling as long as the city. is there a timeframe or she will detail that when you go to bills, things like the do all the benefits needed to our city about which city we do not have and try to be created. we have like projects bitcoin as a starting to wonder how seriously the government is taking the big calling project as well. and slides, lots of, i don't think the slides are 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 country's 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. journalistic to opinion. i wants to show us how many people in el salvador and money law. my already i left for let's see on this device and not most people here don't have a formal joke, no steady monthly income. so they subsist, they search as we say here. so please said i won't
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we arrive at the traditional capital market in the east of the country. the data hadn't been there. not even that many people know me, that you want to understand the economic dynamics of these country, these, these, the reality people get up very early, some drive for 4 hours just to buy and sell capital one up would have been very competitive. so the novel victor opinion has been use documenting these capital markets for a fund type 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'll give me 10 more.
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i'll forget it. i'll go over there. every dona is handled over the profit margins us me and have to sprint fund a brand seo video. like the $1600.00 for it. oh no. 15 take 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 the these lines don't trade is don't like the idea of the coins. the land fitness of people need to smell the money to feel it in their hands. and so they show they can use it. i've had it and they've got on the they get when
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that's how the local economies built in the end of the month. it's, i think almost echo speak queen has nice now yellow kind of it'd be going no way back to the ministry. the big polinos confront the governments about the crash at the crypto exchange, f t x. they want to know if data and big coins are affected on says a not to bolt 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 beat calling and the state . and it really was go to the cash. there's a culture clash between bitcoin culture and politics. give them bitcoin is very
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open and transparent and it's critical in the sense of being the scientifically inquisitive and big corners of people who are 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, ba bye sufficient the, we ask economies, tatiana model keen walk. she thinks after 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. be going. is that about it's a representation of how the government not like hiding a lot of information and they do things from one day to the other. and if you, as a citizen, criticize some of the things or the details about what they are doing, they actually harass you. so yeah, there are a lot of jordan, a lease that has the gases. i have big as to spies software on her cell phone installed by of government. the fact that it's not you and it's an important day for the long ago bitcoin project
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are the biggest challenges, 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 a 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 pointers from all over the world, possibly because he urgency needs investors. that above all, he needs publicity, 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 launch scale? and everyone here knows that boom only generates tiny sums of money connected to the great because i have 3 electricity. i think it's great. yeah, i don't know how well it scales up, but it's
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a fantastic initiative. they say they make money here, but i don't see any come out. all right, so thanks for coming in. yeah, it looks chunky. it looks homemade because it is. but what we've demonstrated here is a proof of concept. there's a reason there's no wind or solar capacity here because it's too expensive, it's waste from population centers. okay, what can we do at the lowest cost to nominate or 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, circle or 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,
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the heading into the mountains to issue each dump site the today's on cells. it all begins hosting, one of the most important bits calling conferences in the well adapting 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 to your in practical terms. but it's also about how to make it could be quite better and faster the best option at a 100, it's a big calling is on trip. it is and developers have a right 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 network 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 salvadorans to, to have the opportunity to use between every day the get. in fact, the movie type hobbies stay on the students and indeed us, they stand low you on at the other end of the country, victo opinion, visits the place where bitcoin city is set to be built, the smoke of
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like a hint, then look at us when young, it's not that people don't want to dream, but we can dream it 1st. we'll projects when we don't have the basic education for all seem like on the last say the week, good core access to health care indeed can only policies a bankrupt. so what do you think i have going on? because it's done in cuba, there's 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. from the promise to pacific train from me, he promised a bridge for the last 2 of those highway of charles. he promised to stadium that you, but we haven't seen any of it so fun. when will be spent on the tape, what else could you imagine going abroad if the political situation continues like this? alex here and so it's so good. ok. the informal, you don't want to can only time will tell us that the aggressions into tax are getting worse and more threatening kind of in my flip, this kind of a,
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how many lessons and because i'm a pessimist, i think we'll have to go that way. eventually get ok, he'll come in, look at them, then we'll get them in that one moment. bit. 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 this situation in the country. the current state of emergency watson discussed on any panel in any of
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these individuals in here. we were at a bit between confidence 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 look 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 specifically or individuals who have come together here out of and that was the as im forbid coins. and so now i mentioned, you know, and right now it's working in those salvador and it's something 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. it means very different things to different people. for some, it's the dawn of a digital future. for others,
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it sounds more like another wild goose chase, the, it's a final stop in guatemala. the plan here is to, to, and trash into digital goals and help finally tackle the trash problem in kind of such as the or i can what the my very sense to see how trash he's managed here in guatemala. with the c d 's, you'd see 100 times most mucho eat. the sad thing is that out full of patients don't care about anything course. and those have been a coupon for the there are people who leave off trash. i sent that give you the, the lowest with when it rains this just pours down seats 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 mailed, it wants to build a plant, the waste, salting, and bio gas. he'll make it profitable by using the electricity. it generates to mind big coins, a multi $1000000.00 project. and our model, we want to take some of that bit going to the centralized 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 your opinions were here 4 to 500 years ago, they took all the gold from the land mass of transfer. well, from central south america took it to europe and big coins, digital gold, and the digital go, it doesn't look like gold, but it's energy s 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 big calling will help everyone but have these digital miners, strong goals or schools go. 6 6 6 6 6 6 so the, on the trail of a nazi highest v as of jewish families whose property was expropriated all searching for then last saw what happened to the prophecy that was stolen from jews . 80 years ago, researches from germany also posting the defendants in the search. the nazi
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all the highest in 30 minutes on d. w. the door. don't take the money under your mommy's not coming back. it's over february 2020 to russian troops invaded the ukrainian city of coupons. it was recaptured. 6 months later, the occupation this hard drive, under russian occupation resisted who collaborated? how can life go on after all the terror? not everyone can endure the fear,
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weeks out every day. when russia starts august 25th on dw, the this is date of lead use live from thirdly, 5 digits for ukraine, and the lens and denmark the greatest apply and keep with it. 16, a across the board against russia. president, florida, mr. lensky calls it an important motivational boost for you kind of forces. also coming up in extreme with a warning for the south western united states forecast to sound the alarm on
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potentially catastrophic and life threatening flooding. california.

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