tv Bitcoin in Latin America Deutsche Welle November 8, 2023 7:15pm-8:01pm CET
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saver of printing georgette candidate status steps to bring the country. it's closer to the use of 2 years of fed teak and lodgement is back at the top of the use political agenda. that's it from me. and that is team brand golf. we'll have here world news updates at the top of the but don't go way up next. the documentary about the growing importance of bitcoin in latin america. don't miss that. you're out of the office the much. he's got any issues with a lot say what 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 coins city. here's how it will look. since the countries presidents, the extent there, well, it's not clean. now i'm having version for just arriving. uh, but uh, a little uh, lay down the uh mattress. uh, got a little micro kitchen just to uh, the one man will. citadel hunt no front door. um. 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 just, you know, there's, there's no trouble or worries. was it? the 30 i my name's corbin. keegan, elder coin narrow the 1st residence of the coins, sitting 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 his dying and big coin mining is the solution. all of that material is waste that can be turned into energy that can be turned into decline the last name on the country. almost 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 way i said when i go so, but it's a business for the lead. i think it's the poor is communities who 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,
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easily bad. and so your cons, 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 and 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 how did line with it's victor ask landscapes. i'm strong in teaching this culture. this is eddie s a k. hi. hello. hello. how are you? i'm just getting the oil. pretty old frying 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 question. the 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 with that. now we have a solution for that. and wow, it's incredible. it, wow, is in the 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 read that you 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
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return, they receive small sums of big 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 in between where to go, but i don't cover it, but i'm 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 it will be quieter. americana . i'll probably be going.
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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 dismissing and flare it create energy and mine bit going, the organic waste. cons has been inactive for yes. can i to get to the grid is too expensive. so waste water just flows past it. could bait 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
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here and fix this problem. the next level would be the solid waste facility. and then we have created up 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 don't save money. these 2 wants 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 pick 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
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a name that's been calling is great and it's, it's a way of investing more patrick told us that the cost was actually a high. but if i regularly invest some of the process, i'll have more life. okay. can 7 moseley invest? these were 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 orange pill. someone is due on both them to a big point. here we go with that. how are you waiting? this is him 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 send you money directly without commission the stay in the middle in the night. let
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me show the motorcycle rental company is skeptical in 2021 l sounds. it all became the 1st country to accept big coins as legal tend jeff got us is a big corner 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 attempt, he pays and bid coins. so now it's worked. this is jessica thomas's 2nd visit. ever since l sounds little adopted big coin as
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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 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's there a threat and restriction is when there's some people of why it's happens. in spite on the domestic this 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 atlas or set it up for the medical. you can 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, he had nothing,
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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 lip at times in the hall to the capitals and salvador to see some of the effects the bi mahoney is we're going to kind of black market. 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 have 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 well. since declaring a state of emergency, the government has imprisoned over 66000 ledger gang members without valid trials.
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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 while it chiva is being launch the abandoned only a few locals use it because the name 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
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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 underway here. bitcoin mining using volcanic energy, the journalist victo opinion, wants to find out if locals will benefit from the project. he meets with community leaders in the municipality of that, in all hello, nice to meet you to was, i'm victo opinion, but that's one. 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 with their developing. the big coins is
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a raw material. says the government thing with 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 mr. legato, 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 bitcoin and 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 cios to him all power plants. if you don't see a geothermal power plant like this every day, all those pipes and this theme, the power coming out of the mountain and also getting to see how is use directly
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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 classify my part of 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
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we go. 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. there's no there's no, well here the community connect rain going to in this rusty tank. this is dan drinking water. how soon it will be the dry season. you're going to be out here. thank goodness we haven't had any terrible diseases on the items, 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 a governmental or non governmental institution. and i'm,
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and i don't know what that means that you cannot 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 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 board, it looks like we do that right? you want the only open the tap when you hand out the water rations. if the, if someone would lie a 2nd for someone else who are not allowed one full pocket so bought at the family a day. in dry months, even less. some of the energy generated at the g as the mold power
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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, the project so that nothing is 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 talented g as dental mining as the key technology for the big, quite 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
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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 sees this case and sure the water is also said to help with anxiety, a little buckle eaten just what it was to go now to the topic a going back on that, is that because of the thing 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. yep. it's true that it will support a lot of projects. that's great. and not one from that for the echo a city. uh,
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when does i know that i don't want to be selfish about that, but we have a real emergency here with drinking. why didn't i'm one of them that i hadn't check it out. i wonder if it's and i want the family, a better castle without the infrastructure investment douglas sanchez's grand. some will also grow up without running water. victo opinion, doubts that bitcoin will help with that. what are you at the ending, but it's what needs to maybe it will help the big investors and the government itself, everyone who believes in and promote space between religion and miss beverly. but i don't think it will help communities like these of at least i don't see a plan that also takes to pull people into account for him, but i want it bad and also with okay, i would a, it really gets to me, it hurts to see children in these conditions, especially because i have a daughter bad by identifying with the i always say that i do this work because i
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have the advantage of seeing these needs. i was right on the front line. 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 families show the family gioviatto, and it's just painful to say 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 badly, starting with the
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facts in guatemala, patrick milda, and l. e. as uh, us case site that's set up a bit calling wallets for the stuff of a motorcycle and rental company. are you list them young movie, metal music, lukea sending you money right now. you know, say yes, reach to transactions. they're 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 bank, 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, but i'll have to discuss it with the boss 1st. let's see. looks interesting,
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but i'm not totally sure. especially because the value fluctuate so much more like sunrise impact such as the st. dogs, a waking up patrick melinda, is speaking after 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, i suppose, 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 the cooling. the recording is digital money. he said, is going is that is a case i translate because patrick mailed, it doesn't spilled on it and is the middle of the heat, the,
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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 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 based development age would help reduce dependence on the global no. and that this or tommy would create sustainable prosperity to everyone trust these grand promises. being too many the incense sounds, i don't,
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jeff got us counties 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, how 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 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 cc. how much then 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,
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but we have very big challenge and also to them a 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 bait clean 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 to city about city, we do not have the creative projects. bitcoin is starting to wonder how seriously the government is taking the big calling project until the 12th and nothing's flights of steps. i don't think the slides are the lecture provided any answers about how this is going to be implemented, or
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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? possibly that's of 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 generally speak to opinion once to show us how many people in el salvador and money lot my yeah. level 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. he said i woke up one more thing once
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we arrive at a traditional compliment, ok, it's in the east of the country. the data has been data, 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 up. when up would have been very competitive. so the novel victor opinion has been use documenting these capital markets for a firm to project business. here is a cash in hand. any valerie? this 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.
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i'll forget it. i'll go over there. every dona is handled over the profit margins are small and have to scratch, bought a brand ceiling video of the $1600.00 for your own safety 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 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 money is that seek almost have to speak going,
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has nice. now your look at this is the last year. it'd be going no way back at the ministry. the big coin is confront the government about the crash at the crypto exchange, f t x. they want to know if the data and debate coins are affected on says a not both coming goes down. those are the big going on. he's only blown 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 cash. there's a culture clash between bitcoin culture and politics. give them bitcoin is very open and transparent people. it's critical in the sense of being scientifically inquisitive and bit corners of people who are very open and honest about who want
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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. and that's why we ask economies. tatiana model keen walk, she thinks after a yeah, a big calling. hey, know the promise was financially inclusion. that's what the between law said. we can actually see that there's no benefits in financial inclusion, not for people leaving inside of our and not for people be no side. and so, and then remy tends to a set of both. it's actually to risk. and i think it's the same reason why people in several ways not using it. the state gave every citizen a want it to big going was $30.00 when tatiana opened,
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has she saw her account was already being used. it was stolen. yes. be going into the sideboard, it's a representation of how the government act, like hiding a lot of information and they do things from one day to the other. and if you as a citizen created size, some of the things are the details about what they are doing. they actually harass you. so yeah, there are a lot of journalists that has the glasses. i have big as to the spice software on her cell phone installed, bye. have a government. the fact that you and it's an important thing for the logo, bitcoin project, the biggest challenge is raising the money and we're in
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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 nelda has invited big pointers from all over the world. possibly because he urgency needs investors, but above all, he needs publicity, but he's mining from waste projects. the prototype has to, we know of his gas bitcoin mining for environmental protection. sounds good, but can it be implemented on a large scale and everyone here knows that boom only generates tiny sum of money because i have 3 electricity. i think it's great. yeah, i don't know how well it scales up. but the issue, they say they make money here,
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but i don't see any come out. all right, so thanks for 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 way 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 punch ellen, 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, and they've also to be a part of this revolution. not just creating a big point, circular economy where people bring it, 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 which dumpsite. *
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the 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 to pass on shadow. hundreds of big calling is entrepreneurs and developers have arrived and don't take 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 while they discuss technical problems on stage. others up busy networking
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nelson, you know, things as being too little education. so far these develop 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 between every day the that the many type hobbies stay on the students and indeed us, they stand low new on at the other end of the country, victo penya visits, the place where bitcoin city is set to be built the smoke of like a hint, then look at us when young. it's not that people don't want to dream,
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but we can dream of 1st well projects when we don't have the basic education for all. seem like on the last say the week, good, cool, or access to health care indeed 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. the president promised a new airport as a connection to be cohen c. c. the promised the pacific train. 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 so not the that what is the nothing that could you imagine going abroad if the political situation continues like this, that makes heater. and so if so could open the informal you 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 flight up there, kind of a, well, how many not something. and because i'm a pessimist,
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i think we'll have to go that way eventually get ok. who's coming? look at them and look at them in that little moment. ok. but wherever i go, i still work as a journal entry. well, yes, and you're not seeing the really, 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 these individuals in here. we were at
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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, you have to take off the european glasses book and try to observe it as impartially as possible as much of drawing our own conclusions when done. listen, i mean we're not politicians either. we're individuals who have come together here other than those the as him forbid coins. i'll answer the mentioned, you know, and right now it's working in a 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 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. for others, it sounds more like another wild goose chase, the
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it's a final stop in guatemala. the time here is to turn trash into digital goals and help find the tackle the trash problem in front of such as the and i came with the my very sad to see how trash is managed here in guatemala days . but you can see tvs, you'd see 100 times more, which will eat the sad thing is that apple locations don't care about anything course. and those are the coupon for the there are people who leave off trash. i shouldn't think you'd be the, 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 water shed and
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into the lake. and that's, that's the problem that we're trying to solve. patrick mailed, it wants to build a plant, but waste consulting 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 into 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. they want to believe that they coin
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will help everyone. but have these digital minus trunk goals or schools go. 6 6 6 6 6 6 6 6 6 6 so the enter the conflict zone with tim sebastian as the complex and got the intensity 5 of public morning. somebody united states. this rattle needs to do to protect from city and something like this this week for these route is on the i alarm for my head. the issue that the countries in terms of security service is where the us more conflict
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in 30 minutes on the w. the theory is the most powerful woman, little sister of the dictator. mysterious strategic. who is, can you go to say she represents a mixture of expectations and disappointment, fear some strong, sometimes threatening. sometimes the charming rage princess starts november 25th on d w. the
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this is the w, there's live of from berlin tonight in the gaza strip. more and more civilians fleeing to the south is really troops and say that they are tightening the news around the hamas stronghold of kansas city. and it comes as international calls for a pulse is a fighting broke louder and also coming up. israel says its troops are now operating in the heart of gauze. the city was full coordination between land, air, and sea forces, and a searching for common ground. germany's president needs jewish palestinians and
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