tv Bitcoin in Latin America Deutsche Welle August 21, 2023 11:15am-12:00pm CEST
11:15 am
might into 10. uh yeah, 20 penalties at the end. thank so that that's a lead moment type in sydney for us. thank you. and would that you up to date? let's say 2 and 4 dock. so taking a look at the rush to explore the left number of his embrace of bitcoin, i'll see you next time by 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. all this is roads now. and now is the time for you to book your trip to rose. rose once you love he's, he's the, the el salvador
11:16 am
at the foot of the contract. go up. ok. now. this is the future site of beat coins city. here's how it will look. since the countries presidents, the steps there. well it's not clean. now i'm having version for just arriving. uh, but uh, a little uh, lay down uh mattress. uh, got a little micro kitchen just to uh so 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, in oregon, sleep out on the beach or you're just, you know, there's,
11:17 am
11:18 am
here in guatemala lake got to find is style. and vic, queen mining is the solution. all of that material is waste, that can be turned into energy that can be turned into decline. the 1st thing about contract. well, no. so 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. hi and how about the west when they go so, but it's a business for the lead. i think it's the course 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 if it be clean, easily bad, and so you're cons. so that's what's happening right now. we're here for with
11:19 am
a big cleaners. bringing this to the people i'm explaining what a great opportunity there's the water model here in front of a child to big corners, one to shake things on chores long face small town on the volcanic like how did line with it's victor ask landscapes and strong indigenous culture, this is elia saw k. hi. hello. hello, how are you? i'm just getting the oil that pay the whole trying oil that will turn into a new big coins. let's go to completely a couple pieces. a big problem in guatemala. if we don't collect the oil,
11:20 am
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 a boom. a home made bitcoin machine and he has a key hi, wants to use it to mind digital goals. first, the filters food residue use 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 return, they receive small sums of bit coins at least one mines
11:21 am
about $3.00 a day. they don't run out. we've been dealing with you, but $3.00 plus about $1.00 a day on this one. i'm happy. i can pay for my coffee in between where you're living right next to boom is prime on your site. most people, i'm a musician, a very sacrament. when trump bass drums the keyboard, but when 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 cooling. creating
11:22 am
bit coins from waste was an idea that areas are key. hi gone from patrick meld. uh well this is what i call the hit are 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 has been inactive for yes. can i fixing it to the grid is too expensive. so waste water just flows past 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, 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,
11:23 am
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 lot 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 saves 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 had spec cash, she used it to buy more stock. now, she has a big calling, wallet, a new customers. they scanned the queue on code and big coins, land in her wallet on 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
11:24 am
a way of investing more. patrick told us that the cost was actuated, but if i regularly invest some of the process i'll have more life. okay. can they mosley 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 fix book that yeah, this looks like a orange pill. someone is due on both them to paid calling. every goal 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, those they pay with visa or mastercard. and those companies get a 5 to 8 percent commission and seeing it's different with between the customers can send you money directly without commission the blue stay the middle. the night . let me show the motorcycle rental company is skeptical
11:25 am
in 2021 l sounds. it all became the 1st country to accept big coins as legal 10 to jeff. got us is a big coin it 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 with 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 failed to attend. he pays and bid coins. now it's worked. this is jeff kinda says 2nd visit. ever since l sounds little dumped it big coin as a currency. it's been
11:26 am
a promised land, a bit coin is what about the locals today, shatt and this euphoria let's go the number and speak to the funds to opinion, said the journalist from el salvador and kind of human this. it seems the state of emergency independent journalism has become increasingly dangerous. i mean, that's there a threat and restriction is when there's some people why it happens in spite on the the one boy fits all the while you are 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 i list it 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, if you had a know nothing necessarily up alotta. why not? and why? you know, sort of living in 2022 after
11:27 am
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 capital san 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 that 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 well. since declaring a state of emergency, the government has imprisoned over 66000 alleged gang members without valid trials . but sometimes there was always conflict here on the games used
11:28 am
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 they doesn't seem to model because india models will funny and says, you know, send the 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 beam launch lea, a 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, 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
11:29 am
we had to one of the forest regions in the country. the presidents, high profile. the 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 other one which was like, it's a great place you on the, on the way to one of the nearby villages, oscar velasquez wants to show us something. that's why reading people i fear it is this one up along the in, in the here you, that's the power station where they're developing. the big coins is a raw material. says the government, the but as a community,
11:30 am
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, the room is of money coming in. that will be very welcome. in this impoverished region, the, the big calling it's base camp in san salvador 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 pipes and the steam power coming out of the mountain and also getting to see how it's use directly from mining. there's at least one mine in there. maybe
11:31 am
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 cash rate is on the network or how much is already been mined. that's all classified for the society or to push me updates on such as buying, right. let's see if we see anything. it's not over yet. here we go.
11:32 am
the, a few kilometers away. we learned about living conditions here. when, how many families lived 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 collect the rain going to in this rusty tank. this is dan drinking water. soon. it will be the dry season. going i've had, you know, thank goodness we haven't had any terrible diseases of me. i, since i didn't have the children sometimes get diarrhea from the water, but i mean what, unless you pass the way, but 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
11:33 am
that you would like to have a proper water pipeline so that the families will 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. 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. e. what 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 both that pass timely day in dry months, even less some of the energy generated at the g has them all power
11:34 am
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. um says 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 dental 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 a sanchez family, douglas and his wife have raised 7 daughters and several grandchildren without
11:35 am
access to clean drinking water. he also has rain water with sugar to his gas, the vic to penya, pretends to drink out to politeness. see this case and sure the water is also said to help with anxiety, a little buckle. he didn't just go to be to go now to his 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 okay and, and maybe something we'll change it on 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 a city. when and if i know that i don't want to be selfish about that, but we have a real emergency here with drinking. why?
11:36 am
the number one to many and check it out. i wonder pick from that one for 5, or without the infrastructure investment douglas center says grand. some will also grow up without running water . victo opinion, doubts the bitcoin will help with that. what are you at the ending but it's what needs to maybe it will help the be 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 conditions, especially because i have 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.
11:37 am
they give me a for i see, but it really get us to me necessity. i have to put them in. i mean, they have to make older fam, which of the middle of the family and 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 too expensive and people who's been condemned to silence since the stone, you know, then sealants. got that big to come and settle if you'll could. 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 he started with the
11:38 am
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 gonna do the metal mini lukea sending you money right now. you know, say yes, reach to transactions there instantaneous and dining now $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 being deleted. if need be coins and i'll give you cash. it's very simple and we don't charge you anything for the exchange. so 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, but i'll have to discuss it with the boss 1st. let's see. looks interesting, but i'm not totally sure,
11:39 am
especially because the value fluctuate so much more like 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 decline and 3 d printer, it's going to be exciting the children at these private school as opposed to learn about big coins 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 book? let's talk about food cooling. the recording is digital money. he said, it's good was that is a case i translate 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,
11:40 am
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 print it keeps on this. i could make it make as much of it as i wanted to. that's essentially what the government's doing with the gets out bit coined 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 age 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 incense sounds, i don't. jeff gallus county's delegation are allowed to attend an event at the
11:41 am
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 got him 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 to see how much they and business develop. really, lots of people are saying that they'll sell the door, could eventually become a country like seeing a pool. and i see that the opportunities, the math i can see, but we have very big challenge and also to them the nelson inno is looking forward
11:42 am
to getting new information from the government, just like everyone else here. the minister of the economy has cancelled by 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 the details that when you're going to build things like the do all the evidence needed to our the city about 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. then nothing flights of steps. i don't think the slides are the lecture provided any answers about how this is going to be implemented, or a time frame of when it will all take place. the questionnaire is on what's really behind this. is this just made for investors? what will come of it in the end?
11:43 am
possibly that's the question. we turn to one of the countries most critical economic voices. tatiana moto keen, 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 love money already. i left for leslie 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 i won't cover one more thing when we arrive at a traditional compliment. ok, it's in the east of the country. get ahead in there.
11:44 am
now, you know how many people know me that you want to understand the economic dynamics of these country. pick these, these the reality. people get up very early. some drive for 4 hours just to buy and sell capital up, when up would have been very competitive. so the novel victor opinion has been used documenting these capital markets for offensive projects. business here is a cash in hand. any bell rebates is a professional hagler? what's that one worth back there? i'm doing lots of strong animals get that it will give me 10 more. i'll forget it. i'll do over there. every dona is handled over the profit margins
11:45 am
us me and have to sprint fund a brand. see you video like the $1600.00 very own 15 take between? no, no, it's not worth anything here. whatever. 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 nice don't trade is don't like the idea of the coins, the land, vanessa. people need to smell the money to steal it in the 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 built in the end of the month. it's i think almost echo speak queen has nice. now you look at this is the last year. it'd be going nowhere,
11:46 am
legs back to the ministry. the big coin knows, confront the government about the crash at the crypto exchange at the x. they want to know if data and bit coins are affected on says a, not both coming goes down and we all have a problem. those are the, 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 difficult to then session significantly to. there's a culture clash between bitcoin culture and politics. give them bitcoin is very open and transparent, and it's critical in the sense of being scientifically inquisitive and big corners of people score. very open and honest, who want answers to everything. and in general,
11:47 am
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 goes on, that's why we ask economies. tatiana model keen what she thinks after a yeah, a big coined hey, no. the problem is 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 be notified and send then remington stores have both. it's actually to risk. and i think it's the same reason why people in february is not using it. the state gave every citizen a want it to big going was $30.00 when tatiana opened, has she saw her account was already being used?
11:48 am
it was stolen. yes. a deep cleaning of the sideboard, its 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 have a government the fact that such an it's an important thing for the long ago bitcoin project. 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 big going projects
11:49 am
just kind of goes down naturally as you would expect. and so it, because of that it's, it's super challenging. yeah. bravo. patrick milda has invited big pointers from all over the world. possibly because he urgency needs investors. but above all, he needs popularity. but he's mining from waste project. the prototype has to, we know that his gas, big coin mining for environmental protection, sounds good. but can it be implemented on a dodge scale? everyone here knows that boom only generates tiny sums of money because they have 3 electricity. i think it's great. yeah, i don't know how well it scales off, but it's a fantastic issue. they say they make money here, but i don't see any come out. all right,
11:50 am
so thanks for 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 in nominator, the cheapest way possible to get mining going in and part of child, and this is, this is, it just makes perfect sense for decentralizing mining and hash for the point network. 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 it actually bring the technology, which is super, super excited. now that they've seen the prototype, it's time for the main project. they're heading into the mountains to issues each dumpsite the
11:51 am
today's on sounds. it all begins hosting, one of the most important bits calling conferences in the wells, adopting bitcoin j one. 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 big claim better. and faster, so instead of hundreds of big calling is entrepreneurs and developers have arrived and don't age 5 price drops. in the past few months, the conferences focus is on making big calling more accessible. jeff comments is chairing a panel on the topic. the ball, they discussed technical problems on stage. others up busy networking nelson,
11:52 am
you know, things as being too little education so far. these develop to tutorial, to help with that. yeah. 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 who have the opportunity to use between every day the community, please stay on the students and indeed us, they stand low you on at the other end of the country, victo opinion visit the place where bitcoin city is set to be built. the not like a hint, then look at us when you it's not that people don't want to dream, but we can dream of 1st well projects when we don't have the basic education pearl
11:53 am
seem like on the last say the week. good cor, access to health care can all make 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 president promised a new airport as a connection to between cc the promise to pacific train. he promised a bridge for the last 2 of those highway of charles, he promised to stadium value, but we haven't seen any of it so fun. when will be spent on the that. what else could you imagine going abroad if the political situation continues like this? but i like to do it, so it's all good. okay. the unfortunately don't want to can only time will tell us how to be aggressions into tax are getting worse and more threatening. kind of in my flip the coffee, how many lessons and because i'm a pessimist, i think we'll have to go that way eventually get ok. who's coming, look at them and look at them in that one moment. that
11:54 am
ok. but wherever i go, i still work as a journal entry. well, yes, and you're not seeing the doing the max kaiser has advised el salvador as 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 wasn't discussed on any panel in any of the 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, when those salvatore,
11:55 am
you have to take off the european glasses book and try to observe it as impartially as possible as much as a drawing of own conclusions when done. listen, i mean we're not politicians either. we're individuals who have come together here out of and that was the as him forbid coins. i'll answer the mentioned deal. and right now it's working and those salvatore 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 today seems like more of a symbol than a payment system. so 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. the,
11:56 am
it's a final stop in guatemala. the time here is to turn trash into digital goals and help finally, tackle that trash problem in kind of such as the a came what the my very sad to see how trash he's managed here in guatemala, who is the biggest cities. you'd see 100 times most mucho eat. the sad thing is that apple locations don't care about anything course knows it, but a coupon for the there are people who leave off trash. i shouldn't think you'd be the lowest would when it rains this just pours down, seeps into the water shed. and then if you get over here, all of this trash in some form, all the contaminants are coming out of this landfill down into the watershed and into the lake. and that's,
11:57 am
that's the problem that we're trying to solve. patrick mounted ones to build a plant, 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 the big cleaners in latin america. they want to believe that they coin will help everyone. but have these digital minus drunk goals of fools
11:58 am
11:59 am
marriage is forever. to horse is forbidden pains some believe that what god has joined together no man should ever tear apart. even if that man abandoned this family long ago. so far, all major reforms have failed. with something in the society, his mindset is changing for us. 90 minutes on dw the secret sliding, i discovered new adventures in 360 degrees and explore fascinating world heritage sites p w world heritage 360 now the
12:00 pm
or you're watching, it'll be news coming to live from berlin. you praying that thanks denmark for at 16 fighter jets presidents landscape praises denmark, solidarity and help in the struggle against russia as denmark and another one's sledge long awaited western war planes to help these war efforts. also coming up with the show, a human rights work report says saudi border guards killed hundreds of ethiopian trying to cross into saudi arabia from government. it says the act could constitute a crime against humanity at 1st time champions and.
16 Views
Uploaded by TV Archive on