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tv   Bitcoin in Latin America  Deutsche Welle  November 9, 2023 10:15am-11:00am CET

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state of california and the estimated $6000000000.00 you're watching the, the units coming up next. we've got a documentary for you on the use of bits cooling and less than america, of course, and get all the latest news and information anytime you want on our website at dw, don't com on terry martin. thanks for the fast fashion. as an environmental nice clothing graveyard in the to land desert. this is where things well, the industrial nations no longer need and lightest textile waste gets stranded fashion, watch now on youtube the,
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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 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, 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're just, you know, there's, there's no trouble or your worries washer. 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 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 trust, the mother country almost, and no one knew el salvador before. lots of us are only here because of it coining, because it's an opportunity for global economic collaboration. i inhabit 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 there's the water model here in front of a child to big corners, one to shake things on tours the loved face. small town on the volcanic like had to live with. it's victor ask landscapes. i'm strong in teaching this 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 to be. let's go to completely a couple pieces.
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a big problem in guatemala. 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'm in the i live. 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,
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they receive small sums of big coins at least one mines 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, various instruments. 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 hit are 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 ponds has been inactive for yes. can i fixing it to the great 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 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 save some 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 coupon 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
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a name that's been calling is great and 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 will 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 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, seeing it's different with between the customers can send you money directly without commission the blue stay the middle. the night,
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let me show the motorcycle rental company is skeptical in 2021 l sounds. it all became the 1st country to accept big coins as legal 10 to jeff got us is a big coin out from germany. these parts of a german delegation touring through bitcoin country. there's a big conference coming out. that's a special thing about big coins. yeah, there's no headquarters in state, and so there are conferences where people meet from 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. now it's worked. this is jeff kinda says, 2nd visit. ever since l sounds little adaptive bit coined as a currency, it's been
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a promised land for bitcoin is what about the locals today, shatt and this euphoria let's go the number and speak to the funds to a pen. yes, i'm a journalist from el salvador and kind of human this. it seems the state of emergency independent journalism has become increasingly dangerous. i mean that there are threats and restrictions when there's some people why it's happening, in spite on the the one boy that saw the roll. your late be when the whole big coin thing started in 2021. the government loans to be campaign to say we were on the way to becoming a will. the can only pallet as the 1st country to implement between the atlas for saturday, 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?
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and why, you know, sort of living in 2022 after a spike in homicides both are, it is declared a state of emergency in el salvador victo opinion takes us to posit limited in the hall to the capitals and salvador to see some of the effects the bi mahoney, you know, we're going to kind of black market. the goods, the sale here are often obtained at least at least not a heavy leasing that way. but that's a form of trade that many people here depend on to get their living. and yes, if i more to him 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
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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 that other symptom michael gets into one of those will funny and says, he knows that 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 wallet 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
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a bit calling you for you in the center of sense, solve it. on the next morning 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, the journalist victo opinion, wants to find out if locals will benefit from the projects he meets with community leaders in the municipality of that, in all hello, nice to meet you to was, i'm victo opinion, but i don't one it's a great place you on them to go out on the way to one of the nearby villages. oscar velasquez wants to show us something that's wiring people. i fear it is this when up a lot of the in it 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 and with 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 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 close the well, again, i'm looking for a bunch of, you know, there a 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. these are which devices are in there with the current cache rate is on the network or how much is already been mined? that's all classified for the society or to push me updates on such as buying, right. let's see if we see anything. it's not over yet.
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here we go. 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, you collect the rain going to in this rusty tank. this is dan drinking water. soon . it will be the dry season and i've had the thank goodness we haven't had any terrible diseases of me. i since i had 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
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11009 for you at, especially when the tank gets empty on the landline. thank you. it, the net one that you would like to have a proper water pipeline so that the families 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. you want the only open the tap when you hand out the water rations. if the, if someone will effect in for some of us who are not in our full pockets, so going to pass timely 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 mind with the computers here. but they only get a quick look inside and no answers the, the project so that 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 year. a year ago, 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 raised 7 daughters and several grandchildren without access to
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clean drinking water. he offers 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 book, or even just want to be to go now the topic a going back on that was that guess a thing i'm going to call you here about is how these bitcoin profits are going to solve the countries problem. and okay, so now i can't get that. i'm ok and, and maybe something we'll change it on the for the 0 for the him flow to breath. if 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. wow. and then one of them that i had to check it out. i wonder fixed and i went 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 what needs to maybe it will help the big 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 work the. i always say that i do this work
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because i have the advantage of seeing these needs. i was right on the front line. they give enough what i say, but it really get us to meet necessity. i the payment. i mean, we have to make her fam, which of the middle of the family gioviatto. it's just painful to say children and having to live like this and pick them, watch them. okay. and what's your basis? i want to give these people a voice for k expensive and people who's been condemned to silence since the stone, you know, then sealants got evicted, comments that on your 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
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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 mini 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 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,
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but i'm not totally sure. especially because the value fluctuate so much more like the sunrise impact chance. the st. dogs, a waking up patrick belda is speaking at a school. today. we're going to introduce the new bitcoin coursework. me put him out of the coin and 3 d printer. it's going to be exciting. the children at this 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 food cooling. the recording is digital money. he said, is goal is that is a key hi. translates because patrick meld it doesn't spill dining is the middle of
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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. make 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 aid would help reduce dependence on the global know that this or ptolemy would create sustainable prosperity. not everyone trusts these grand promises. being too many the incense sounds,
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i don't. jeff gallus county's delegation are allowed to attend an event at the ministry. el salvador native nelson, you know, is also joining them. the event is geared towards bitcoin us and it's been for some of the dig attached to it. i'm excited to hear about the digital strategy of so there are still some unanswered questions, even from last year. what's going on with bitcoin city? what's planned? what's happening in my experience, we can ask a pretty open questions at these meetings and also talk to the experts in the old and the answer to the best of their knowledge. nelson n o has lived in germany for several years. he hopes bitcoin can help his native country. i'm have gotten a year and a half ago, i only to have bills out the door some way to visit because my parents lived here before i started cc. how much then business develop? really, lots of people are saying that they'll sell the dual could eventually become a country like seeing a pool of that and, and i see that the opportunities, the math i can see, but we have very big challenge and also to them, the nelson,
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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 benefits needed to our to city about city, we do not have inside the creative we have like projects bitcoin as a starting to wonder how seriously the government is taking the big calling project until the 12th and nothing flights of steps. i don't think the slides with 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 questionnaires and what's really behind this is this just made for investors. what will come of you in the end? possibly that's the question. we turn to one of the countries most critical economic voices. tatiana moto keen, and know how are you? are you think that the 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 law might already i look for let's see on this device. and not most people here don't have a formal jump, no steady monthly income. so they subsist, they search as we say, he said i woke up one more thing when we arrive
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at a traditional compliment. ok, it's in the east of the country. the data has been there, not many people know me thought of. you want to understand the economic dynamics of these country. this is the reality. people get up very early on the drive for 4 hours just to buy and sell capital one up. would have been very common practice. so then that'll victor opinion has been used documenting these capital markets present to projects. business here is a cash in hand. any valerie, this is a professional hagler. hey, 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 as me and have to scratch fine. a brand. see you video like 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. 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 the cape when that's how the local economies built in the end of the month. it's i think almost eco speak,
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queen has nice now yellow kind of this is the last year. it would be going nowhere led by to the ministry. the big calling is confront the governments about the crash at the crypto exchange, f t x. they want to know if they don't debate, the coins are affected on says a not to both coming goes down. do we all have a problem? those are the, the big going on. he's only blown away from make change for exchange. unfortunately, we don't have that type of information. we will have to come back for you and that some people come to the discussions, others to network, big calling in the state. and it really what go to the printer to. 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 score very open and honest,
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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, the bizarre and the spice of this stuff. we've got we ask economies, tatiana model keen watch, she thinks after. yeah, a big coined hello. the promise was financially inclusion. that's what the between law said. we can actually see that there's no benefits in financial the inclusion, not for people leaving inside of our and not for people being outside and send them remington suicide. 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 has she saw her account was
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already being used? it was stolen. yes. be going is sad 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 are so citizen criticized, some of the things are the details about what they are doing. they actually harass you. so yeah, there are a lot of journalist that has the glasses i have big as to the spice software on her cell phone installed by half of government. the fact that panel such as it's an important day for the long ago 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 and big 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. bravo. patrick milda has invited big pointers from all over the world's company because he urgency needs investors. that above all, he needs popular city, but he's mining from waste project. the prototype has to, we know that his gas bitcoin mining for environmental protection, sounds good, but can it be implemented on a large scale? everyone here knows that boom only generates tiny sum of money because i have 3 electricity. i think it's great. yeah, i don't know how well it scales off, but it's a fantastic issue. they say they make money here,
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but i don't see any come out. all right, so thanks for coming in. 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 way from population centers. okay, what can we do at the lowest cost in nominator, the cheapest way possible to get mining going in and financial, and this is, this is, it just makes perfect sense for decentralizing mining and hash 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 in, but 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 shoot each dumpsite the
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today's and sounds. it all begins hosting, one of the most important bits calling conferences in the wells, adopting bitcoin j one. again, 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 and see federal instead of hundreds of big cleaners. entrepreneurs and developers have arrived on 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 network
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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 salvadorans to, to have the opportunity to use between every day the community, please stay on the students and indeed us, they stand low new on at the other end of the country, victo opinion visit the place where bitcoin city is set to be built. the know kind of like a hint, then look at us with data. 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 pearl seem like on the last say the week, good cor, access to health care, indeed cannot 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 make up project, but i'm at the old. the president promised a new airport as a connection to be cohen c. c. the promised a 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 that? what else could you imagine going abroad if the political situation continues like this, but i like to do it, so you're 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 the coffee, how many lessons and because i'm a pessimist,
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i think we'll have to go that way eventually. good. ok. he'll come in, look at the name of mine in that one moment. bit. ok. but wherever i go, i still work as a journal entry will. yes, and you'll see and they'll be 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 watson discussed on any panel in any of these individuals in here. we're 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 look 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 no 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 onboard 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,
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it's our final stop in guatemala. the plan here is to turn trash into digital goals and help finally, tackle that trash problem in kind of such as well as me through these difficult. and i came with the my very sense to see how trashy is managed here in guatemala is the biggest cities. you'd see 100 times most mucho eat . the sad thing is that out full of patients. don't care about anything, cause most of the coupon for the there are people who leave off trash. i shouldn't think you'd be the lowest with 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 mount the 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 in new europeans were here for 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
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coin will help everyone. but have these digital minus drunk goals of fools, gold. 6 6 6 6 6 6 6 6 so the thing now lives dangerously as a political activist from home come, he'd find for democracy. 4 years ago he fled to london to escape the cross of chinese so far as he's boss, even in not hong kong police have often have bounty for his focus on europe. and 19 minutes on
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d w. the we say they're about never getting on every weekend on d w. are you ready to get a little more in these places? in europe, all smashing into a venture just gripped the treasure map for more than glad to gather some of your ranking sites on your max. you choose the
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this is dw news live from ballad. the escape from northern gauze accelerates israel says another 50000 thousands have no flat, that homes that these really military claims people are leaving because they understand how moss has lost control of the know also coming up. ok. a turning point in german history, open hatred towards jews in germany erupted on the streets in the 1938th november
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pop crumbs, which are being commemorated today. we looked at the doc legacy.

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