At the foot of the contract. Go up. Ok, now this is the future site of the coins city. Heres how it will look. Since the countries president s the spent there. Well its not clean. Now im having version for just arriving. But a little laid down. It uh, mattress. Uh, got a little micro kitchen just to uh, the one man will citadel her know front door and its pretty safe around here. I havent seen a bad guy since since ive been here. And so i, in oregon, sleep out on the beach or you just, you know, theres, theres no trouble or worries. Was it . The 30 i, my names corbin. Keegan, elder quintero. The 1st resident of the queen city the queen. Your e mail, salvador is the beacon of light, and hope for the queen. Fix is not just the money, but everything built on the money the here in guatemala lake. Gotcha. The line is dying and the queen mining is the solution. All of that material is waste, that can be turned into energy that can be turned into the positive outcomes on those. So no one knew el salvador before lots of us are only here because of it pointing because its an opportunity for a Global Economic collaboration. Hi and how about where its at when they go so, but its a business for the lead. I think its the poorest communities who have the lease to gain from an Economic System like this. But i think the point for when you talk about in tango, it is related to the point. Well it can be good news going bad and so your country. So thats whats happening right now. Were here for with a big cleaners, bringing this to the people and explaining what a great opportunity at the tia and found us a challenge to bitcoin is one to shake things on chores long face small town on the volcanic like added line with its picturesque landscapes im strong in teaching this culture. This is eddie s a k. Hi. Hello. Hello. How are you . Im just getting the oil. Pretty old frying oil that will turn into a new big coins to be. Lets go to completely a couple pieces of big problem in guatemala. Normally get almost if we dont collect the oil, people will just chuck it somewhere which is sent to the environment. So this is the may im being that because when it rains, it goes right into the lake by the next im in the i live. Now we have a solution for that. And well, its incredible. It was 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 high wants to use it to mind digital goals. First, these filters food residues down to the Old Cooking Oil and then its ready to fuel the own diesel machine. The electricity generated power, small computers, which perform cryptographic operations for the Global Bitcoin brokercheck. In return, they receive small sums of bit coins at least one mines about 3. 00 a day, but on the whole, they dont run out. Weve been dealing with you for 3. 00 plus about 1. 00 a day on this one. Im happy, i can tell you some like coffee inbetween where youre living right next to cub. Boom is prime on your site. Most people, im a musician, a very sacrament. When trump bass, drums, Seaboard Marine the violin, he doesnt understand why it has to be so noisy here. I keep telling them to get a muffler, then it will be quieter. Americana. Ill probably be going the the 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 in foliage. And if you look at whats going on here, weve got the necessary ingredients to break down organic waste and create messing. And for our purposes, we would capture this methane and flare it create energy in mind. Big going the organic waste ponds as being inactive for yes. Connecting it to the great is too expensive, so wasteful to adjust the flow has passed it could bait coins from me saying mining finally get it up and running. This is low hanging fruit for us to help the community. And again, its just another demonstration that big point is the only thing that could come in here and fix this problem. The next level would be the solid waste facility, and then we have created as a real Virtuous Cycle of taking waste and creating bitcoin and improving the economy and proving that community and protecting the environment. Patrick mount came here from the us as a christian missionary. Now he leads the logo, bitcoin project with the same zeal. I have a love for this community. I love her, bought them all on, and i love to help people. So if i have a tool that can be used to help people, then you know why not, why not do that . Most people here have no Bank Accounts and done save money. These 2 wants to change that. Theyve already convinced trump keep up a, treat the toner. So in the past, if she had spec cash, she used it to buy more stock. Now she has a bid calling, well, its a new customers. They scanned the coupon code and pick coins with land and her wallet on the block chain. Itd be cool miss move. Going to put this on a form of a beam thats been calling is great and its a way of investing move havent told us that the price was actually a have. But if i regularly invest some of the process, ill have more license pick. And then 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 explicit yeah, this looks like a orange pill. Someone is due on both them to bid calling. Here we go. Is that, how are you waiting . I mean, im going to say yes, i dont know. Im eli is from the like a big going project that is dealing between 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 its different with between the customers can send you money directly without commission. The blue stay the middle. Nope, i got a nice 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 it from germany. These parts of a german delegation touring through bitcoin country. Theres a big conference coming out. Thats a special thing about bitcoin. Yeah, theres 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 its a whole country that except to be going to physically put executed. So its like one big Laboratory Level of toys. Off to one failed attempt. He pays and bid coins. Now its worked. This is jeff kinda says 2nd visit. Ever since l sounds little adaptive bit coined as a currency. Its been a promised land, a bit coin is what about the locals today, shatt and this euphoria lets 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 there are threats and restrictions when theres some people why it happens in spite on the domestic the one boy that saw the roll, your late be when the whole big coin thing started in 2021. The government loans to be campaign to say we were on the way to becoming a will the can only power as the 1st country to implement between the i list for setting for the medical you can be put on september 7th. And then by the one year anniversary, the government didnt say a single word about paid coins here. You know what . We have no, nothing. And thats all up allowed. Why not . And why . You know, sort of living in 2022 after a spike in homicides both are, it is declared. The 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, were 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 thats a form of trade that many people here depend on to get their living. And yes, if i more to him that guess well see. So thats a black market right in a city center. Until recently, it was a very dangerous place to visit l. Sounds. Little 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 or something. There was always conflict here on the games used to clash with each other, but thats pretty much over now. When we all know, so in a way the government is doing a good job. Because theyre 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 theyre innocent. Relatives are in prison. When that other symptom michael gets into, one of those will funny and says, he knows implemented in the wall on games. Most security comes at the cost of basic human rights. The big calling revolution is on hold. The states big 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 dont know why the problem is little sign 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 president s, high profile and 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, im victo opinion, but i thought it was its a great place you on them to on the way to one of the nearby villages. Oscar velasquez wants to show us something. Thats why reading people i fear it is this when up a lot of the in it in the here you, thats the power station with their developing. The big coins is a raw material. Says the government, the but as a community, we dont really know whats going on here quite a bit, but of course events. And were 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 . Thats the most important thing, and this will come up with a, mr. Well, you know, my input a bunch of, you know, there are room is of money coming in. That will be very welcome in this impoverished region, the, the big calling base comp inside sales at all. And were leaving now. So think about the big coin delegation. Hes also heading to banning on an exclusive visit to the cios to him all power plants the time you dont 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 its use directly from mining. Theres at least one mine in there. Maybe theyve even expanded the mining operators in that they all see mining parts on pacific subjects. Visitors are rarely allowed inside the power plants. 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, has already visited this site last year. Were allowed to look inside, but he wont tell us which devices are in there with the current cash rate is on the network or how much is already been mined. Thats all classified for the society or to push me updates on this, such as buying. Right. Lets see if we see anything. Its not over yet. 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. Theres no theres 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 ive had, you know, thank goodness we havent had any terrible diseases. I me, i, since i didnt have the children sometimes get diarrhea from the water, but i mean hold, unless you pass the own way. But to improve the situation, wed need support from a governmental or non governmental institution. And im, and i dont know what that means that you cannot 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 isnt luxury. The familys lives here with minimal infrastructure. No sewage systems, no paved roads rationing is common. The why is there a lot . You think its a just on peoples feeling, the water for the rest. 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 pockets. So going to pass finally a day. In dry months, even less some of the energy generated at the g as the mold power plant goes towards a bitcoin mine on site. The delegation wants to know how many big coins have being mind with the computers here. But they only get a quick look inside a no answers. The nothing has changed compared to last year. Well try to analyze it a bit more later from the photos and videos. We know roughly whats going on here. No big limits that much. Were kind of a year ago, president blue kayla talented g as dental mining as 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 raised 7 daughters and several grandchildren. Without access to clean drinking water. He also has rein, wont a, well go to his guest, the vic to penya pretends to drink out of politeness. See this case and sure the water is also said to help with anxiety. A little spoke of the he didnt just want to be to go now the topic a corner gun that was, that gets a bang. Im calling because you hear about is how these bitcoin prophets are going to solve the countries problem. And okay, so, but now i cant get it, im okay and, and maybe something well change that. Im there for the see. You put him closer to breath and if its true that it will support a lot of projects thats great. And not one thing that for the echo a city uh when. And if i know that i dont want to be selfish about that, but we have a real emergency here with drinking. Why . The number one to many, and check it out. I wonder if pix and i work for family a festival without the Infrastructure InvestmentDouglas 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 its a nice that 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 dont think it will help communities like these. At least i dont see a plan that also takes to pull people into account. But 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 feeling that may work. But i always say that i do this work because i have the advantage of seeing these needs. I was right on the front line like, you know what i say, but it really gets to me, how can i assist you either . And then, i mean, they have to make her fam, which of the middle of the family. Its just painful to say children and having to lift like this and pick them, wants them. Okay. And whats the basis i want to give these people avoiding sort of its done. See people whos being condemned to silence since the stone, you know, then sealants, god, they make the comments that on your cut. Ok. I think i can bridge the gap here. So important that but i so thats why im doing everything. I can to tell the story along the way that it went that way. He started with the facts in guatemala, patrick nelda, and l. E. As uh, us case hi has set up a bit calling wallets for the stuff of a motorcycle rental company. Are you list, im going to the metal unit lukea sending you money right now. You know, say yes, reach to transactions there instantaneous. Sometimes 1 dollar. And where can i withdraw this in cash . Just so you can move it on like a human atm. You call me and ill give you the money. Youll bank me beat coins and ill give you cash. Its very simple. And we dont charge you anything for the exchange. So no quarter or more. We want to in a very exciting and once people understand how it works, everyone move on to use the coding. I have some dallas right now, but ill have to discuss it with the boss 1st. Lets see. Looks interesting, but im not totally sure. Especially because the value fluctuate so much more like sunrise in kind of chance. The st. Dogs, a waking up patrick nelda is speaking at the school. Today. Were going to introduce the new bitcoin coursework. Me put him out of decline and 3 d printer. Its going to be exciting. The children at these private school are supposed to learn about bitcoin and why its 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. Thats paper money. See i and big point is a digital mind. What was the level book . Lets talk about big cooling. Be recording is digital money. He said, is goal is that is a key hi. Translates because patrick meld, it doesnt spill down. It is the middle of the heat, the, the difference between this and this is the government says, this is worth something. But the government says, this isnt 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 you make as much of it as i want it to. Thats essentially what the governments doing with it gets a bit coined is my goal, its what we call digital gold. You can start saving it now, so that when youre older, uh you have much greater well. Proponents kind of big calling based Development Age would help reduce dependence on the global know that this or tommy would create sustainable prosperity will to everyone trust these grand promises. Being too many the incense sounds, little jeff got a, some counties delegation are about to attend an event at the ministry. El salvador native nelson, you know, is also joining them. The event is geared towards bitcoin, us and respond for some of the dig attached coding. It, im excited to hear about the Digital Strategy of so there are still some unanswered questions, even from last year. Whats going on with bitcoin city . Whats planned, whats happening in my experience, we can ask, im 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. Im 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 theyll sell the door, 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 challenges. Nelson, you know, is looking forward to getting new information from the government, just like everyone else here. The minister of the economy has canceled Fund President boot kayla is causing will speak. She gives the same presentation about big calling as long as the city. Is there a timeframe or she will detail that when you go to bills, things like the do all the benefits needed to our the city about city. We do not have a 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 to end up in flights of steps. I dont think the slides or 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 whats really behind this. Is this just made for investors . What will come of you in the end possibly that. So the question, as we turn to one of the countrys most critical economic voices, tatiana motto, keen and know how are you are you think . 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 wants to show us how many people in el salvador and money la, my yeah, level lets see on this device and not most people here dont have a formal joke, no steady monthly income. So they subsist, they search as we say here. So please hold on one second while we arrive at a traditional Capital Market in the east, at the country. The data has been there, not many people know me that you want to understand the economic dynamics of these country. This is the reality. People get up very early, some drive before hours, just to buy and sell capital one up would have been very common practice. So then the victor opinion has been use documenting these Capital Markets for authentic projects. Business here is a cash in hand. Any valerie . This is a professional hagler. Hey, whats that one worth back there . Im going in. Lots of strong animals. Get that it will give me 10 more. Ill forget it. Ill go over there. Every dona is handled over the Profit Margins as me and have to sprint fund a brand. See the 1600. 00 very own 15 take between . No, no, its not worth anything here. Its not for them or you dont know what it is. They say this money is in circulation, but it doesnt work here. I get on the we want dollars. These lines dont trade is dont like the idea of the coins, the land businesses, people need to smell the money to feel it in their hands. And so they show, they can use it, ive added it and theyve got on the, the cape when thats how the local economies built in the money. Its, i think almost have to speak going, has nice. Now your look at it would be going no way back 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 dont debate, the coins are affected on says a not both coming goes down and then well have a brother. Those are the big going on. Hes only running away from exchange for 300. 00 and the exchange. Unfortunately, we will have that type of information. We will have to come back for you that some people come to the discussions of those to network between and the state. And it really was go to that question. Theres a culture clash between bitcoin culture and politics. Give them bitcoin is very open and transparent and its critical in the sense of being scientifically inquisitive and bit corners are people who are very open and honest about who want answers to everything. And in general, politicians are people who just say whatever they need to, when in doubt, theyll say they dont, you know, rather than giving an honest answer us, its inside, inside the buzz on the spice of this stuff. Weve got we ask economies, tatiana model keen walk, she thinks after. Yeah, a big calling. Hey, know the promise was financially inclusion . Thats what the between law said. We can actually see that theres 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. Its actually too risky. And i think its the same reason why people in february is not using it. The state gave every citizen a want it to a big going was 30. 00. When tatiana opened, has she saw her account was already being used . It was stolen. Yes. Be going is salability, its a representation of how the government not like hiding a lot of information us and they do things from one day to the other. And if you, as a citizen, criticize some of the things or the details about what they are doing, they actually harass you. So yeah, there are a lot of jordan, a lease that has the glasses. I have big as to spice software on her cell phone installed by of government. The fact that its not you and its an important day for the long ago bitcoin project. The biggest challenge is raising the money and were in a barrel market right now. And when were 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 its, its super challenging. Yeah. Patrick milda has invited big pointers from all over the world. Possibly because he urgency needs investors, that above all, he needs publicity, but hes mining from waste projects. The prototype has to, we know that his gas, Bitcoin Mining for environmental protection, sounds good, but can it be implemented on a dodge scale . And everyone here knows that boom only generates tiny sums of money connected to a degree because i have 3 electricity. I think its great. Yeah, i dont know how well it scales up, but they say they make money here, but i dont see any come out. All right, so thanks for coming here. Yeah, it looks chunky. It looks homemade because it is what, what weve damaged it. Here is a proof of concept. Theres a reason theres no wind or solar capacity here because its too expensive its 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 ponch, ellen, this is, this is, it just makes perfect sense for decentralizing mining and hash networks. And this is a way to bring in developing countries in the global so to be a part of this revolution. Not just creating a big point, circle or economy where people bring a big horn, but actually bring the technology, which is super, super excited. Now that theyve seen the prototype, its time for the main project, the heading into the mountains to a huge dumpsite the todays on sounds. It all begins hosting, one of the most important bits, calling conferences in the well adopting bitcoin j one guy. And this is partly about how you promote the adoption of bitcoin, how you get that out to the people. Oh, salvador is a permanent starting point, of course, because its already relevant to your in practical terms. But its also about how to make it could be quite better and faster the best option at a 100, its a big calling is on trip. It is and developers have a right on dont age by price drops in the past few months. The conferences focus is on making big calling more accessible. Jeff, dennis is sharing a panel on the topic the while they discussed technical problems on stage. Others up busy networking nelson in other things as being too little education. So for on these develop to tutorial, to help with that one. Yeah, me, ill come in if 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. Its the salvadorans to, to have the opportunity to use the coin every day, the get, in fact, the movie type of the stay on the students and indeed us, they stand low new on, at the other end of the country. Victo opinion visits the place where bitcoin city is set to be built, the not good. Ok. Like a hint, then theyll get us one. Yeah. Its not that people dont want to drain, but we con dream. It 1st well projects when we dont have the basic education pearl seem like on the last say the week good core access to health care indeed can only policies a bankrupt. So what do you think i have going on . Because its done in cuba. Theres no sign of the mega project, but im at the old. The president promised a new airport as a connection to be cohen c. C. From the promise to pacific train from me, he promised a bridge for the last 2 of those highway of charles he promised to stadium now the but we havent seen any of it so fun. When will be spent on the tape . What else could you imagine going abroad if the political situation continues like this . But i like to do it. So if so, could open the unfortunately, dont want to come, but i only time will tell the aggressions into tax are getting worse and more threatening. Kind of in my flight up the coffee, how many not sound and because on the pessimist i think well have to go that way eventually. Good. Ok. Whos coming . Look at them and look at them and in that little moment of the bed, ok. But wherever i go, i still would cause a general enter. Well, yes, and youd see in the doing the, 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. Were at a big between conference and were 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 were not politicians either. Were individuals who have come together here other than those the, as im forbid coins, im sort of mentioned yall. And right now its working in those salvador and its something maybe theyll come a point when it doesnt work anymore. I dont have any definite answers, either. Several can, including encore bitcoin in el salvador today seems like more of a symbol than a payment system. They means very Different Things to different people. For some, its the dawn of a digital future. For others, it sounds more like another wild goose chase, the, its our final stop in guatemala. The plan here is to turn trash into digital goals and help find the tackle that trash problem in kind of such as the and i came with the my very sense to see how trashy is managed here in guatemala. Is long as you can see is youd see 100. 00 times more which will eat the sad thing is that out full of patients dont care about anything course, and those are but a coupon for them. Uh, there are people who leave off trash. I sent that give you the, the lowest, what when it rains this just pours down seats 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 into the lake, and thats, thats the problem that were trying to solve. Patrick melner wants to build a plant for waste, salting, and bio gas. Hell make it profitable by using the electricity generates to mine 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 and 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 doesnt look like gold, but its Energy Digital gold and we want it to stay here in central and south america. Theres 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 or schools go. 6 6 6 6 6 6 6 so the p last, everything in a mirror to hours benedict put touch, next house was completely destroyed by the disasters flooding in slovenia relief workers. And neighbors help as much as they can. Everyone here is searching for a beautiful mid mountains of my own europe. 30 minutes, d w, profiting, forced to move to a ranking as the worlds 3rd largest economy. India is blasting all the country wants to catch up with the us and china by 23rd. Some factors driving the upswing, digitization education and lofty ambitions, made in 0, dw the door and 6 oclock. Dont take money. They said to my son, your mommys not coming back. Over february 2022. Russian troops invaded the ukrainian city of computer. It was recaptured. 6 months later the occupation was hard. How can life go on after all the terror . Not everyone can do or the fear we felt every day. When russia comes start to august 25th on dw, the the this is dw news, and these are all top stories. Germany is set to by the advanced arrow, 3 Missile Defense system from israel, following us approval of the sale. Its positive efforts to build up a skype shield in response to russias invasion of ukraine. The deal is with 3200000000 yours and would be israel is biggest of a home sale