Scaling Honest Money with Real Utility and AI Power

Bobby Gray: Here we go.
Bobby Gray: Alright, what's up, everybody? Bobby Gray here. It took everything I had not to send out a message this morning saying, call canceled.
Bobby Gray: Call canceled.
Bobby Gray: The show must go on, whether I like it or not. I'm running on, my first Sip.
Bobby Gray: of coffee, and very, very little sleep, and I'll tell you all about it. Well, I'll tell you a little bit about it in just the next few minutes, but… good morning!
Bobby Gray: Wherever you are, good evening. Welcome to another Thursday night edition of the Honest Money Hour with me, and maybe Mel, who is…
Bobby Gray: Hiding?
Bobby Gray: Turning off our video, there we go.
Bobby Gray: See if I can make myself… There we go.
Bobby Gray: Pin, how do I make myself spot-litted?
Bobby Gray: Hide Mel.
Bobby Gray: Spotlight Forever, there I go. Okay, so…
Bobby Gray: It was a long night. Let's just say it was a long night. I was hoping to, like, find a fun video, give you guys a demo of something really great, so I could, like, sleep through today's call.
Bobby Gray: But the show must go on, so thanks for putting up with… the, the…
Bobby Gray: The abbreviated version of me for today.
Bobby Gray: I was trying to get ahold of my friend Jay.
Bobby Gray: and my friend Chris, because they have some interesting and exciting information
Bobby Gray: from their week that's very new, very relevant, and very… not shareable, so I was gonna put them on the spot and see if they were going to tell us a story about how their conversations went today, or this week, with the SEC.
Bobby Gray: SEC, our friends at the SEC, we have to sit down with them for the very first time, Tuesday with Jay.
Bobby Gray: And then today, Thursday, with Chris. So if you're looking for some dirt.
Bobby Gray: talk to those guys, they've got it.
Bobby Gray: But really, what I wanted to talk to you guys about today, and I was on Tuesday night's call, and I said, pay attention to this Thursday night's call, because I'm going to bring it all together for you on this Thursday night's call. Normally, Thursday night's call is…
Bobby Gray: you know, chat time with Bobby. Bobby's gonna tell us a story that he's already told us a hundred times. He's gonna start waxing on about
Bobby Gray: Something that, that isn't really gonna give us the big picture
Bobby Gray: view that we need, that we've waited for. And so it's a really tough day to be running on
Bobby Gray: empty.
Bobby Gray: Because I kind of built it up a little bit, I guess.
Bobby Gray: But I can give you guys some things. And then we'll spend some time on some Q&A today. We haven't done Q&A in a while, and so I'm probably gonna regret that.
Bobby Gray: And I'm not gonna answer every question, but I will give us some Q&A time, so if you've got some questions, pop them in to the questions area. Do we still have question technology here? Q&A? We do. Yeah, pop them in there. And like I said, I'm not answering everything. Thursday night calls are…
Bobby Gray: my time to connect with you, to share some insight as to what's going on in the realm of Texitcoin and honest money, or vice versa. We'll say in the realm of honest money, specifically as it pertains to Texitcoin.
Bobby Gray: And the work that we've been doing for the last 113 weeks.
Bobby Gray: 113 weeks, can you believe it's been that long now?
Bobby Gray: Let me double-check my numbers there, make sure that we're on week 113. We are… this is week 113. So good job! I've done very few things.
Bobby Gray: Successfully for that long of my life. Holding a marriage together, being a parent.
Bobby Gray: And connecting with my friends, here for 113 weeks, as my wife says hello to me, and waves, and brings me more coffee in the next few moments from Singapore.
Bobby Gray: Okay, where'd my screen go? Come on back to me, people. There I am.
Bobby Gray: So, anyway, so we'll do some Q&A, I'll share with you a little bit about what's going on on the legal front, and I will give you…
Bobby Gray: a demo, which is what I wanted to talk to you about, the big picture stuff.
Bobby Gray: And the big picture stuff is funny, because, you know, as you know.
Bobby Gray: Well, let's just talk a little history real quick.
Bobby Gray: So… You know, we started this thing…
Bobby Gray: January 2024, we invited… I invited people to join me on the journey beginning of April 2024. A couple months later, I felt good enough about it to ask people to chip in some cash.
Bobby Gray: And, you know, that got off to a very slow start. It was November of 2024 when we hit break-even. And break-even was a really important moment for us, I will never forget.
Bobby Gray: the day that I was in Thailand,
Bobby Gray: With my daughter, recovering from her surgery, that…
Bobby Gray: I had a feeling of a full and complete feeling of…
Bobby Gray: confidence that we were going to make it, we were going to be just fine. I just finished a big call with a great guy, Steve, that I met at a, dinner in Louisiana.
Bobby Gray: And I had this just full feeling of confidence, awareness.
Bobby Gray: and gratitude about our future, and I knew it was going to be bright. Anyway…
Bobby Gray: Fast forward, the next year was a wild blur. You know, we went from late 2024 to, you know, August, September 2025, and our world was
Bobby Gray: Rocking.
Bobby Gray: rocking. And, you know, it was so great to see
Bobby Gray: Our growth manifests into the dream coming true.
Bobby Gray: Coin was taken off.
Bobby Gray: People all over the world were talking about it.
Bobby Gray: And it looked like we were just totally unstoppable. You know, we got this air of confidence and cockiness about us that, surely spells the beginning of the end for most people, or a project.
Bobby Gray: And, of course, it was, the beginning, very, very challenging time for us as well.
Bobby Gray: And so… You know, as we started to watch the momentum slow.
Bobby Gray: In the growth of the mine, and our community, and the price, and all that stuff, you know, we start saying, oh, this is… this is not good.
Bobby Gray: And… It was, you know, that… that kind of turning point
Bobby Gray: That made it really clear that in order for us to be successful, we were going to have to grow beyond that initial momentum that came from the community.
Bobby Gray: You know, this thing was gonna have to convert over at some point into a real project with real utility. And…
Bobby Gray: That's not to say that we were never a real project, and we never had real utility. I mean, people were already trading Texacoin, buying, selling, you know, using it as a store of value,
Bobby Gray: You know, there was real utility there, almost back up…
Bobby Gray: all the way to the very beginning of this project. I'm not just saying that to, like, cover my butt in court. I used it, many people on this call used it. It became… it was a real thing from very, very early on, but we knew that we had to create more than that
Bobby Gray: for this thing to be successful, especially because the volatility of the price of the coin,
Bobby Gray: you know, gave it kind of two properties that we really didn't want. One is it made it so that it was difficult to use in commerce because it didn't have a stable value. You know, anything that's going to be money in a marketplace has to have a stable value. And so.
Bobby Gray: The second thing that happened is that as the price started to go up, up, up, people wanted to use it less and less because they thought it was going to be more valuable later. And that's the same thing that we saw happen with Bitcoin and, you know.
Bobby Gray: watched or caused Bitcoin to become more like digital gold than a really usable form of currency.
Bobby Gray: And so, as we watch the momentum kind of slow, as we watch the numbers hit the peak, as we watch our market cycle begin to kind of, you know, hit the top of its, first journey, we go, okay, this, this is, this is… it's not a problem. This is what happens to everybody. It's not, it's not bad.
Bobby Gray: But it is…
Bobby Gray: The beginning of the end of the easy time, and the moment when it becomes really crystal clear to us, we gotta get our act together and produce a real thing here, or we're gonna have real trouble at some point.
Bobby Gray: We don't know what that is. Is that a week, a month, a year? Could be, you know, far off in the distance, but we know that if this thing doesn't.
Bobby Gray: Manifest into a real project, real utility, real-world, real-world use, we're gonna have a problem.
Bobby Gray: And so, you know, I started working on that, and we have been talking about it forever. But where do you find the time to do stuff when you're spending every waking moment just holding together
Bobby Gray: the rocket ship, just holding all the things that we had created so far together. You know, we've got a mine to build, we've got a coin to promote, we've got a community to bring together, we've got commissions to pay, we've got payroll to make, we've got all these responsibilities, and so…
Bobby Gray: you know, I looked at it and I said, okay, well, we have to really get started on our major purpose, and the major purpose of this thing has always been
Bobby Gray: Community currencies. It's always been getting this thing to be used as money. Now, in the very early days, we called it Phase 2. Phase 1, get the mine and the community going. Phase two, get our utility going.
Bobby Gray: Through community currencies, my life's work, the thing that I'm actually good at.
Bobby Gray: I gotta start working on that. You guys have to hold this together. Good luck. I gotta start working on this.
Bobby Gray: our Layer 2 token technology had just kind of, you know, come together.
Bobby Gray: And it started working properly, which was really great. We didn't have API documentations, we didn't know how to work with it, we didn't know anything about it other than it works, and we can make a token. As you may remember, over our week 93 marathon, we did one, live, on this call.
Bobby Gray: Technically, I think it was the Tuesday night call, but…
Bobby Gray: But we did it, and it works. Okay, that's good, but you're a far way off from having hundreds of towns across America using this thing as a functional, usable, reliable payment system.
Bobby Gray: When's that gonna happen?
Bobby Gray: And… I said, well, I know what we have to do to get that to work.
Bobby Gray: We gotta build a system that makes it easy for people to take a card, the tap… to pay.
Bobby Gray: How do we do that? How do we build our own rails?
Bobby Gray: We want a word to describe this thing. It's called rails, right? Visa, MasterCard, they built rails, so that when somebody walks into a merchant with a card, they tap it, they pay, they get what they want, and life goes on. It's fast, it's easy, it's convenient, it rewards you.
Bobby Gray: All the guys that have done this so far in the realm of crypto.
Bobby Gray: have a system that goes through Visa MasterCard. Everything that I've seen, everything that I've come across is always, oh, guess what? You can get a Visa-backed
Bobby Gray: you know… Crypto card, through an exchange.
Bobby Gray: Centralized, centralized… Not what we're going for.
Bobby Gray: But that's what everybody had been working on. And so the vision that I had in my mind, which is like, wait, wait, wait, we have all the tools we need to completely go around
Bobby Gray: the banks. We can take the banks out of the equation. Those 2-3% fees that they've been skimming off the top of every transaction, we can get rid of that. We can bypass it. We just need to build the tech.
Bobby Gray: How hard can it be?
Bobby Gray: Well, the answer back then was impossible. We can't do it.
Bobby Gray: It can't be done. Why not?
Bobby Gray: Well, a couple different reasons. Number one, we've got a great development team. There's 7 people on our development team.
Bobby Gray: working full-time, seemingly around the clock, except for Saturdays. They don't seem to work on Saturdays.
Bobby Gray: Building tech stuff for us.
Bobby Gray: But they always seem to be going from, like, one crisis to the next. Hey, can you get this done? Commission engine's not working. Can you take care of this? Can you take that?
Bobby Gray: So we never seem to really be making great progress.
Bobby Gray: Because we're always busy, you know, Putting out fires.
Bobby Gray: We got a lot of people on the team, and then there's a lot of fires to put out, so it makes sense. So, we've had this, like, project in their queue.
Bobby Gray: For a long time, let's call it 9 months now.
Bobby Gray: And we haven't made any progress on it. And so we started looking outside for other vendors that could create these solutions for us as well. We found a couple companies. We hired them, 3 companies, 2 other companies, simultaneously to work on this challenge.
Bobby Gray: And… I don't know if we made any progress.
Bobby Gray: And then we found a company that we thought was the answer,
Bobby Gray: Which, if you remember, I'm not gonna get into it now, ended in disaster as well.
Bobby Gray: And so… We set out on, on a, on a path.
Bobby Gray: Back in 2024. We know, mid-2025, that we really need to get this utility thing going, where this thing is all sizzle and no stick.
Bobby Gray: We start working towards the goal.
Bobby Gray: trip up, setback, roadblock… it's a tech problem. And we're trying to rebuild an original Layer 1 from the ground up. It's a lot of work.
Bobby Gray: And we're making great progress on the tech, but we're not moving fast enough, even with a team of 7 developers.
Bobby Gray: Okay. We… let me shut this door real quick so I can hear myself.
Bobby Gray: Okay, door shut.
Bobby Gray: So…
Bobby Gray: So we've been kind of, you know, treading water for a while here, and then all of a sudden, we deal with the stuff that we went through.
Bobby Gray: you know, January with, you know, watching this,
Bobby Gray: this affiliate program of ours kind of grind to a halt. Then the February cease and desist didn't make life any easier for us.
Bobby Gray: But it did make it quiet.
Bobby Gray: after the first month of fear and trying to find counsel and, you know, figure out what we did wrong, and, you know, try to… try to deal with it, I got some quiet time.
Bobby Gray: And with some quiet time, we were able to really take a, a…
Bobby Gray: Deep look at this technological problem.
Bobby Gray: And… Find a way to overcome it, because, you know, for ourselves and the success of our project.
Bobby Gray: For the conversations we're having with TSSB and SEC, for our own personal goals and vision, we have to get it done.
Bobby Gray: It has to work.
Bobby Gray: And so let's talk about the first point in that little list real quick, the success of our project.
Bobby Gray: when we started to watch the numbers peak there in, like, September, October.
Bobby Gray: we said, okay, well, well, we want to go to 16, we want to go to 80, we want to go to 800, we want to go to 2,000. How do we get those numbers?
Bobby Gray: Well, we can't get there just on hype. We can't get there just on, you know, wishing it. We can't get there… we're not going to go to the top of the crypto industry without a real plan.
Bobby Gray: And that real plan for us has always been utility.
Bobby Gray: And, I came to you guys
Bobby Gray: I don't know, probably late 2025. And I said, I've got the plan.
Bobby Gray: Worry not, people. Worry not. Bobby's got a plan.
Bobby Gray: What's the plan?
Bobby Gray: Downtown Digital, fairs and festivals. That's the plan.
Bobby Gray: And I showed you guys the math on it. The math is real simple.
Bobby Gray: You know, the fair and festival industry by itself.
Bobby Gray: is a multi… multi… was it trillion? I don't know. It's big.
Bobby Gray: The fare industry by itself is huge.
Bobby Gray: And we're connected now with a couple different events.
Bobby Gray: And the strategy that we have is we set up an app, an experience, where somebody goes to a fair festival, and, you know, they are,
Bobby Gray: forced to use the in-event currency, which they can either buy at a kiosk, or they can, you know, get to from their phone, and when they go to add value.
Bobby Gray: It goes out there in the background, and it picks up
Bobby Gray: $1 worth of, you know, 1% worth of TXC. It goes out there to an open market and buys that, because they're going to need it for the transaction fees, the gas fees, the transaction fees, whatever you want to call it.
Bobby Gray: As they tapped to pay for turkey legs and for, you know, beers and funnel cakes and corn dogs at the festival.
Bobby Gray: Simple.
Bobby Gray: Really, really, really simple. Everything's on-chain, everything's proved up real time, everyone knows where all the money is, everyone knows which vendors are doing what, you know, and then…
Bobby Gray: To add an additional benefit and value on top of it is, instead of forcing the consumer at this fair festival to spend all their money on turkey legs and funnel cakes they don't need.
Bobby Gray: Save it!
Bobby Gray: You can use it later, downtown.
Bobby Gray: Fair Money links in with Downtown Digital. The two go hand-in-hand and create a winning experience for the fairs and festivals of the world, for the consumers that are participating in these events.
Bobby Gray: For the operators that want an easier time of managing, you know, this really important part of their ecosystem.
Bobby Gray: For the community merchants, They're now not just watching this, you know.
Bobby Gray: Giant 100,000 person group wander around town.
Bobby Gray: with all this money in their pockets, and then leave with all that money in their pockets, those people are coming back and supporting those businesses. It all made sense.
Bobby Gray: Made sense to me. I think it made sense to you.
Bobby Gray: Good plan, we just need the technology.
Bobby Gray: We just need the tech! Tech guys, let's go!
Bobby Gray: And we started saying, like.
Bobby Gray: But price is gonna respond when we start pointing 100,000 people a weekend at our market to pick up a dollar. If they just buy a dollar's worth of TXC every time they add value, 1%,
Bobby Gray: to them.
Bobby Gray: to the participants at a fair or festival, they don't even know. They don't care. Doesn't matter to them.
Bobby Gray: It's part of the fee that we charge to provide this service, To the event management.
Bobby Gray: It's buried in the fee. They don't see it, they don't feel it, it's…
Bobby Gray: It's what we call a win-win. Good old-fashioned win-win.
Bobby Gray: And we did the math, and we said, look, if we get 100,000 people a weekend buying this, buying that, that's gonna create all of this demand for TXC, and that demand
Bobby Gray: We'll eat up the supply, and we get the supply and demand dynamics kicking in, and voila, we see the price go that way.
Bobby Gray: That's the plan. That's the vision.
Bobby Gray: what I laid out to you guys late last year, when we started looking at our market, kind of, you know, going the wrong way, and saying, how and when is this going to change?
Bobby Gray: And I pointed to a date on the calendar, and I said, guys, June 5th and 6th.
Bobby Gray: June 5th and 6th.
Bobby Gray: We've got an event. We paid $80,000, sponsored an event, we're in really good with the city of McKinney, we're in really good with, this Texas Music Revolution thing, and I am confident that I will have the tech done
Bobby Gray: In time for the Texas Music Revolution event.
Bobby Gray: I'm gonna say that, I'm gonna do it, I'm gonna make it happen.
Bobby Gray: Well, guess what? We're a week away now from June 5th, 6th, whatever the Texas Music Revolution dates are. Let's look it up. Texas Music Revolution.
Bobby Gray: revolution.
Bobby Gray: June 5th, 6th, right around the corner.
Bobby Gray: And so I told you I'd have it done. I told you two things, a couple things. I told you that that was the future.
Bobby Gray: For creating demand, for creating real utility, Deep.
Bobby Gray: Not speculative, not rocket shipy, but deep.
Bobby Gray: Deep to the point where we can reliably sit back and go, there's our utility, there's our customer base, there's our on-chain proof that we've got a real project.
Bobby Gray: And if we become the chain of fairs and festivals and people all over the world laugh and laugh and laugh, let them.
Bobby Gray: Because the fair and festival industry is huge, and if it's all ours, so be it. There's…
Bobby Gray: Hundreds of billions of dollars behind it.
Bobby Gray: Every year. People go to fairs and festivals. I don't remember what the exact number is. Let's do a search for it so I stop making up numbers. How big is the fair and festival industry?
Bobby Gray: It is a $3.5 trillion industry by 2020… 2030.
Bobby Gray: Today, it is a multi-trillion dollar industry by 2033. According to Amazon Web Services, they are predicting it will go up to $3.2 trillion. So, let's just say it's big. So, if we become the chain.
Bobby Gray: The go-to chain for the fair and festival industry, so what? I'll take it. I'll take it, and we will laugh all the way to the mine.
Bobby Gray: So what?
Bobby Gray: I said, that's our utility, that's when you're gonna see the chart really show signs of life, and I'm gonna have the tech done.
Bobby Gray: In time for Texas Music Revolution.
Bobby Gray: Well… A lot has happened since we talked about that.
Bobby Gray: So now we've been wandering around in the desert for 40 days and 40 nights, trying to find ourselves, trying to find our purpose, trying to find our meaning, trying to find, you know, a legal defense strategy, trying to find all of, you know.
Bobby Gray: our identity. What are we now? Are we just Bobby's blockchain? Was this whole thing a hoax all along?
Bobby Gray: Scary times. Scary times. I'll give you that.
Bobby Gray: And so…
Bobby Gray: last Tuesday, this past Tuesday, I said, come this is a Thursday night call, I'll show you guys what a lot of us maybe forgot, which is, this is a real project, it was never a joke.
Bobby Gray: It was never a meme coin, it was never a rug pull.
Bobby Gray: Let's talk about it. Let's have a…
Bobby Gray: Honest conversation about it, because, obviously.
Bobby Gray: Texas Music Revolution is not happening, number one. Bobby is not even, like… is he still on planet Earth? Has he defected to Mars yet?
Bobby Gray: No, I'm still here. I'm not in Texas.
Bobby Gray: because I'm not in Texas, I'm not able to push forward that thing that I'm really, really good at, community currency stuff. But it's deeper than that, too. Because while we were going down that community currency path.
Bobby Gray: and trying to get our act together for the Texas Music Revolution event, we came across another problem.
Bobby Gray: Money service business licenses.
Bobby Gray: We say goodbye to Stephanie.
Bobby Gray: Stephanie was deeply concerned about legal stuff. She's been through some legal stuff in her world before, watched it firsthand, didn't want to participate with that kind of drama again. So I understand. It's all good. We don't have an answer to that question.
Bobby Gray: But I think we'll figure it out.
Bobby Gray: I think we'll figure out the tech.
Bobby Gray: figure out the legal stuff. I think we'll do this all in time for June 5th, 6th.
Bobby Gray: So… So how does it all come together? Bobby's not here.
Bobby Gray: We've got legal problems.
Bobby Gray: And… what's the plan? Show me the big picture.
Bobby Gray: So, what I want to show you guys… is… our software.
Bobby Gray: Because it did happen. It actually came together. I've talked about it a couple times on the Thursday night call,
Bobby Gray: My wife came to make me cough, and then she disappeared.
Bobby Gray: coffee here, I want it.
Bobby Gray: Anyway, she'll be back. I'm sure she'll be back. Not even listening in, but she'll be back.
Bobby Gray: So… I want to talk to you guys about the big picture.
Bobby Gray: Because the plan today is the same plan that we've always had. You know, it's really, really nice.
Bobby Gray: when we don't have to pivot. I hate the word pivot. The word pivot in Entrepreneurville means whatever we were gonna do didn't work, and we're gonna do something completely different now, and sorry about that.
Bobby Gray: Not pivoting. Honest money doesn't pivot. The strategy still works. It's all exactly the same. It's become messy, become very cloudy, it's hard to see what the future holds for us, but I assure you.
Bobby Gray: Same plan. Same guy, same people.
Bobby Gray: Everything is moving along. Quite unexpectedly.
Bobby Gray: Quite surprisingly, that this party is still just beginning for us.
Bobby Gray: And so I want to show you guys what I put together.
Bobby Gray: I'm gonna try to be extremely careful with it as I show it off.
Bobby Gray: Because I am trying to not show you the URL Of where this project lives.
Bobby Gray: And I told you guys… that I was gonna be… Withholding some information to keep
Bobby Gray: Are trolls at bay, at least a little bit.
Bobby Gray: Look, not because I think that they can hurt us, But, because…
Bobby Gray: Because, you know, we've had enough setbacks, we've had enough…
Bobby Gray: roadblocks in our path, and we're onto something really great here. It's making really incredible progress.
Bobby Gray: And I just want a little bit of quiet time for us to get the first couple deals done.
Bobby Gray: And yeah… Couple.
Bobby Gray: I want a little bit of quiet time so we can get a couple of these deals done.
Bobby Gray: Without having to go through the whole thing.
Bobby Gray: Once that's done out of the way.
Bobby Gray: We'll open out all the, you know, the books again, and tell you guys exactly what's going on, all that stuff.
Bobby Gray: But… We got it.
Bobby Gray: And I've been bragging about this for a couple weeks now, I just haven't showed you anything yet. And I want you to see…
Bobby Gray: exactly what I'm talking about, because it's kind of cool.
Bobby Gray: Because it's very, very cool. So I'm going to show you a portion of my screen.
Bobby Gray: And I think that you can see that. Is that visible now? Are we seeing a portion of my screen?
Bobby Gray: Give me some hands up for seeing a portion of my screen. Pretty, please.
Bobby Gray: Hands are going up, great, thank you, thank you, thank you, okay, okay. So, so,
Bobby Gray: hopefully on my screen, you can see a demo of what looks like it is a phone, and we are looking at… I'm not going to click on this, because it's going to show you some other things, but we are looking at a demo view of
Bobby Gray: what we're putting together, what we were putting together for McKinney. And remember, McKinney's a tough, a tough thing to talk about for us. McKinney's a big deal. McKinney's the largest historical district in the state of Texas, they're a top 5 in the country, they're a leader.
Bobby Gray: In many, many, many ways. Small towns all over the state, all over the country, look at McKinney, and they go, how do we do what McKinney did there? Head and shoulders, bigger and better than everybody else.
Bobby Gray: I said, we gotta be careful with McKinney, because if we mess up McKinney.
Bobby Gray: We're gonna make it hard to be successful anywhere else. Let's start down here, get some test cases and some, you know, real-world, feedback before we start shooting for the moon.
Bobby Gray: Because there are only so many McKinneys out there, and if we mess them up, we're gonna make our job really, really difficult. Let's start down here. Well, we're headquartered in McKinney.
Bobby Gray: All of our staff is in McKinney. We got our supercars buzzing around McKinney.
Bobby Gray: Every day of the week.
Bobby Gray: It's really hard to ignore McKinney, and it's hard for McKinney to ignore us.
Bobby Gray: So, sure enough, we connect with the Chamber, we connect with the Downtown Association, and now we're, like, neck deep in a relationship development progress, process with McKinney.
Bobby Gray: Then the cease and desist happened.
Bobby Gray: Kitty went, yeah, no.
Bobby Gray: Chamber of Commerce turned their back on us, returned the car! We bought them a car.
Bobby Gray: released in the car that they were allowed to drive around. It was wrapped with downtown digital, and there was a setback, you know, and still to this day.
Bobby Gray: we have no idea what the long-term consequence and implications are.
Bobby Gray: Texas Music Revolution, our first deal that we sponsored, canceled the agreement. They said, look, we know that you're going through some stuff, we wish you the best of luck, but we just want to, like, not be involved with this until after the season desists, it's done and out of the way, blah blah blah. Alright.
Bobby Gray: So that sucks.
Bobby Gray: So, I'm gonna show you a demo here of what I put together in 5 minutes.
Bobby Gray: for McKinney.
Bobby Gray: Why 5 minutes?
Bobby Gray: Because as I was building this platform, I built it so that we can Roll out a new
Bobby Gray: a new… installation, a new, a new, city.
Bobby Gray: In minutes.
Bobby Gray: Automatically.
Bobby Gray: Click, click, click, tell us the name of your town, we'll populate it all the way, done deal. And that's the whole reason that we're here having this conversation.
Bobby Gray: Because community currencies are great, because they are one of the keys to, you know, competition in currency, and economic freedom.
Bobby Gray: You know, if you don't have a choice, you don't have freedom. We're forced to use the dollar at Visa, MasterCard rails, we don't have freedom. They got a bit of a monopoly on it, so they get to call the shots, they get to inflate it whenever they want. If we don't have an alternative, a usable working alternative, we're stuck.
Bobby Gray: And so, gold and silver and copper were great, but very, very slow. If I wanted to roll out an event, like a fair, like a Renaissance fair or an Oktoberfest, I need millions and millions of tokens to do that, which takes months to manufacture.
Bobby Gray: And there's, like, just an unbelievable undertaking to try to distribute, and count, and vend, and all… it's too much. It's too much. It doesn't work. It works, it just doesn't scale.
Bobby Gray: Crypto scales.
Bobby Gray: And so now I can roll out a new community currency, and…
Bobby Gray: Not even 5 minutes, 30 seconds.
Bobby Gray: 30 seconds, but…
Bobby Gray: It's new, and I've been talking about the tech stuff a lot the last couple weeks, because it's just been a game changer for us.
Bobby Gray: Positively and negatively. I told you earlier, I tell you why I'm so tired. We found an exploit.
Bobby Gray: We found an exploit. Quite coincidentally, we started talking about, you know, our improved development, strategies just in the last, you know, 10 days, 2 weeks. Sure enough, in the last 10 days, 2 weeks, an exploit
Bobby Gray: Has gone in. We're still trying to figure out exactly how big it is, how bad it is, what it affects.
Bobby Gray: And so, before I give you more specifics on it, and I will give you more specifics, we're gonna do some more, research on that to find out how deep the problem is.
Bobby Gray: not make too big of a deal about it until we figure out what it is. But I was up till, like, 3 in the morning trying to make backups and get to the bottom of it. Anyway, come back to that later, if I have to.
Bobby Gray: So… Our development world has changed, thanks to AI.
Bobby Gray: And it gives us, you know, tools and,
Bobby Gray: utilities now that were, like, wishful thinking a couple months ago. And with those tools, I was able to put this together, and I'm very proud of it, and it works. And I want to show you what it is, and how it works.
Bobby Gray: And…
Bobby Gray: while… while we're doing it here, let me see… let me see if I can get my AI to drop a couple of the names
Bobby Gray: Hey, can you remove all the names from the drop-down butt?
Bobby Gray: Kitty… And then… So I can click on that without…
Bobby Gray: showing things I don't want folks on our Zoom to see right now.
Bobby Gray: Thanks.
Bobby Gray: Let's see if we can pull that off. And if it can, then I will show you how fast we can spool up a new town. But here's what I built.
Bobby Gray: And we were talking about, from day one, an app
Bobby Gray: That gives people the ability to go to a fair festival, and so, you know, we've got Downtown Digital, Digital Downtown, Downtown Digital, build out this website thanks to Corey, fair money website, build out thanks to Corey. You know, we created these two projects to be our Layer 2.
Bobby Gray: And these two projects work hand-in-hand, as I mentioned a moment ago, so that we could…
Bobby Gray: We could go to either a city and say, hey, we want to roll out a community currency here. Do you have a big event that passes through town? Because the big event is a great place
Bobby Gray: to get your community currency started. You're talking about seeding the economy with hundreds of thousands or millions of dollars of economic benefit, you know, most of that comes in, gets spent on turkey leaves, and then leaves the next day. But if we can hold on to 5% of it, you know, 5% of a million dollars is 50,000 bucks.
Bobby Gray: You know, we talked about
Bobby Gray: Oh, I said that they dropped all the other ones. See if they're telling the truth. Thanks, AI.
Bobby Gray: If we can get, you know.
Bobby Gray: What do we say the numbers were with McKinney? $150,000 a year? Is that the number?
Bobby Gray: $150,000 a year of economic benefit.
Bobby Gray: you know, from an entire year of circulation with the existing Downtown Dollars program. If we can get, you know, $50,000 in our first event.
Bobby Gray: We're a third of the way there.
Bobby Gray: To double-check the number to make sure I got it right.
Bobby Gray: But if we can do $50,000 of leftover cash.
Bobby Gray: That's gonna circulate downtown at least once. Just once.
Bobby Gray: We've got a third of the economic benefit in our first weekend. Huge impact for the city.
Bobby Gray: Huge, win for us, huge win for our chain and our utility. It would be absolutely great to see that happen.
Bobby Gray: And… So we have these two projects that are designed to work hand-in-hand.
Bobby Gray: I'll get back to the demo in just a second, once I… I figure out if…
Bobby Gray: AI was able to do what I asked it to do.
Bobby Gray: It was. Okay.
Bobby Gray: Thank you, AI. Now, don't take over the world and make us all slaves.
Bobby Gray: So, let me share this.
Bobby Gray: portion of the screen… there it is. Okay, so back to the demo. So, I click on this dropdown here, and I've only got one thing. So I'm gonna say,
Bobby Gray: Great job.
Bobby Gray: Showing off now… Can you spin up
Bobby Gray: Somebody, somebody give me a shout-out for your talent.
Bobby Gray: Somebody in our Q&A, tell me the name of a town.
Bobby Gray: Come on.
Bobby Gray: Any town. Give me, like, a real town name. Atlanta. I got Atlanta first. First on was Atlanta. Okay, okay, okay.
Bobby Gray: So, I'm gonna go to our…
Bobby Gray: our friend here and say, can you spin up a demo for me for Atlanta?
Bobby Gray: All the bells and whistles, and make sure it… Works with our demo.
Bobby Gray: Token that we've got.
Bobby Gray: Go for it.
Bobby Gray: And make it super nice. Okay, so we'll give that a second. So you guys can all see, I've got one option here in the drop-down. If I refresh this page.
Bobby Gray: I still have one option in the dropdown. Okay, so let's get back to the demo, because this is my favorite part.
Bobby Gray: So, I did this. Last time we talked about it, Kira was coming to town, I had a couple days of, like, not leaving my desk time, let's see what I can pull off.
Bobby Gray: Because we're trying to build a pretty heavy-duty system, and I did it. It took about 3 days, and it's not entirely done, but it's really, really, really close. And so what you're looking at right now is just a demo.
Bobby Gray: And this demo is the tech that brings this whole thing together, okay? Now remember, McKinney, state of Texas, a little bit sidelined at the moment.
Bobby Gray: TMR, sidelined at the moment, but we've got a huge, huge market that is not sidelined. We're working on signing, inking our first couple deals. Once that's done, we'll tell you what the market is. Some of you already know, please keep it to yourself.
Bobby Gray: But in order for the tech… for, you know, for these deals to get signed, the tech has to work. We've got to be able to walk in and show them with, like, a terminal… babe, can you bring me one of those terminals over there on the floor?
Bobby Gray: You gotta show them a terminal and a card. Don't run. Hot girls don't run.
Bobby Gray: We have to be able to walk in and show them that we've got a working system.
Bobby Gray: And it's always… so far been totally wishful thinking. It hasn't worked.
Bobby Gray: Now it does.
Bobby Gray: So here's a terminal, turning it on.
Bobby Gray: And… here is an app on the screen, alright? I'm not gonna give you the full, full, full demo, because I'm running on, like, 3 hours of sleep.
Bobby Gray: But I'm gonna show you, I think, enough to prove that we've got a working system.
Bobby Gray: And with that working system, we're signing deals. And with those signed deals, we're getting the utility, we're not on anyone's timeline but our own now, and so we don't have to wait for the next big event. We don't have to wait for Oktoberfest. We don't have to wait for us to get lucky and sign a contract. We've got it right now.
Bobby Gray: So when?
Bobby Gray: Soon.
Bobby Gray: How? This demo, okay? So watch what we got here, and here we go. Okay, so we've… we're viewing McKinney, Texas. Again, this is fictional. This is not, a real thing that's working right now for McKinney. We hope to put that relationship back together someday. It may or may not happen anytime soon.
Bobby Gray: But we are very hopeful that we'll get it.
Bobby Gray: And then, we are going to show you guys how this demo works. So…
Bobby Gray: I'm not sharing the URL with you. Once I have it, you can go and do this demo by yourself on your own phone. I'm gonna put my finger over the top here. I can't see the URL, but there is…
Bobby Gray: Our working demo on our little terminal.
Bobby Gray: And let's go back to the app. So, we spun up this app, and as I was babbling away here.
Bobby Gray: We got AI working on a demo for Atlanta as well. We'll see how that comes together in just the next few moments. But this is what we're talking about putting together. We're talking about putting together an app for a town. Now, whether we put together an app for an event, or we make an app for the town, they're both, you know, working hand-in-hand, so we can start at either place. But I'm gonna push this
Bobby Gray: update live.
Bobby Gray: And I'll show you what the system does. Okay, so let's walk through McKinney. So here's on the Square, downtown McKinney Merchants. These are actual, real businesses in downtown McKinney. It says that they accept MCK, but that's a lie.
Bobby Gray: Because this is just a demo. We've got events coming up on the square. You can click on the button and see future events.
Bobby Gray: You can go to the business directory and see businesses that are participating. You can click on the map.
Bobby Gray: And see, you know, a pop-up of businesses on the map.
Bobby Gray: And then you can click on the wallet, and this is the part that matters. And so, right now, we've got a balance of 100 MCK,
Bobby Gray: And you can see that, earlier today, just before our call started, I said, well, let's see if it actually works.
Bobby Gray: And I tested it, and sure enough, we were able to on-ramp 100 MCK. Now, we can set the rules on what the on-ramp, you know, conversion rate is, if there's a bonus or an incentive, you know, add 100, get 105, like we talked about. But if we go in here.
Bobby Gray: And while we're going in here, I want to show you, kind of where we are with this
Bobby Gray: With this token thing, because we've got a long list of tokens here.
Bobby Gray: And I think that we are minting up
Bobby Gray: This one, so let's click on this one real quick.
Bobby Gray: And see if I can… get us
Bobby Gray: So that's… no, that's not us.
Bobby Gray: I'm not sure which one this is minting up, to be honest, so we'll come back to that as we figure that out.
Bobby Gray: But, let's say we want to add more, we click on the Add MCK button.
Bobby Gray: And we say, let's give ourselves 250, we get a bonus as we're doing this. I don't think the bonus is working right now. I asked this demo to spin up real quick.
Bobby Gray: And it did it for me, which was very kind, but if you click on continue to payment, and we put in a bunch of dummy information here.
Bobby Gray: You can see that…
Bobby Gray: when we click on this, it is minting more community tokens. So, like, this is a fun thing, right? Why is it minting more community tokens? Because the token might start with zero, and then somebody puts some cash in, and then it mints up more tokens. But what it did right there for us is it created those tokens on-chain.
Bobby Gray: And again, I think that this is kind of just demo mode right now. We can go to the mempool, and we can look up that transaction, but I think you'll see that it's just a…
Bobby Gray: demo on-ramp 250 USD transaction. So, so it's not actually… I don't think it's actually minting the tokens, but it's showing you what it would look like if it was using our Layer 2 and on-ramping those tokens, and then sending them to this wallet, this TB55 wallet.
Bobby Gray: And so, in 3 minutes, that'll be confirmed, that's right on schedule with our network. And then you will see it in the wallet.
Bobby Gray: that now our balance is $350, which is great. It didn't give us that bonus that we were looking for. Then we've got our payment service. And so we've got 3 ways to pay. We've got, scanning a merchant QR code, we've got the NFC tap-to-pay cards.
Bobby Gray: And then we also have the ability for the merchant to scan our QR code.
Bobby Gray: And one of the things that we were stuck on for a while was figuring out how to…
Bobby Gray: make the NFC cards work offline. When you get into a fair festival situation, you know, you've got hundreds of thousands of people, cell phone service, your mobile phone service is really difficult, spotty, and you don't want people sitting there, kind of waving their phones around, trying to get a signal so that they can buy themselves a funnel cake. And so, the, you know, what we wanted was a non-custodial solution
Bobby Gray: that gave us the tech to, you know, to be really fancy, but also, have it work in an offline format with just cards, so that the fairs and festivals wouldn't break down because of, you know, spotty reception or overloading a network. So we did that as well, which is really great.
Bobby Gray: I'm gonna refresh the page real quick, and see…
Bobby Gray: what our system has cooked up for us in terms of Atlanta. There you go, we got another drop-down in the list. Let's go home, and…
Bobby Gray: Every dollar stays in the A. 1837, the city in a farce. Isn't that the tagline for McKinney? So, just in a couple moments, we asked AI to cook us up a new installation. You know, you could give me the name of another town. Let's see, did we get another town in our town suggestion list? These are real events.
Bobby Gray: that are taking place in the city. You can click on directory. This is a real directory, real businesses that it just gave us kind of a little sampling, real events. It pulls all of this stuff from
Bobby Gray: you know, live websites, like, it'll go out there and it'll find community websites, it'll find art district websites, it'll pull all that stuff in and create this thing. So, the point about this is that we have the ability to scale really big, really far, really wide, really fast, and we don't even have to be hands-on.
Bobby Gray: We put it out there, and we say, hey, here's the model for your town to create its own digital currency.
Bobby Gray: Build it on our system, it's all turnkey, it'll build you an app, it'll be ready to go.
Bobby Gray: Instantaneously. Give it 5 minutes. I mean, we literally have a page, forward slash enroll, fill out 8 sections of questions, leave most of the answers blank if you want, and voila, you've got a working
Bobby Gray: community currency right out of the gate. And again, it has no value in it until people start to add value. So, we've got two in here that we can demo right now. We can add as many more, as we want.
Bobby Gray: And again, right away, if they want to add to their ATL balance, they click this, they continue the payment. Once we link it in with Merchant Services.
Bobby Gray: This will actually ding a credit card.
Bobby Gray: It'll mint the tokens, it'll put it on-chain.
Bobby Gray: But it works.
Bobby Gray: And so, again, this is a real transaction ID, and there's the real wallet address. Now, you might notice that that TB55 wallet address is the same wallet that they were using for both the Atlanta dollars and also the McKinney.
Bobby Gray: Dollars.
Bobby Gray: And so, one wallet, one app, one phone, one user, one account gives you the ability to have all of that stuff in one place. It's all kind of hiding how it works in the background, because we're not making the wallet the major feature of this software. The major feature of the software is really the community experience, and the ability to add
Bobby Gray: value here with the community. So it works.
Bobby Gray: It works, it's good, I'm very proud of it, and as soon as we have our first couple deals signed with, with the friends that we've introduced this to that are very excited about it as well, I will give you guys, you know, more information so that you can share and say, we got it, we did it. We talked about it, we had some setbacks.
Bobby Gray: And now we did it. And so it's very exciting to see it all come together, just in the nick of time, because I get to sit down with our friends at the SEC on June 11th, and I got some explaining to do.
Bobby Gray: And I will be able to, hold my head high.
Bobby Gray: Because we followed through on all the things that we said we were going to do. Building the mine, promoting the coin, paying commissions.
Bobby Gray: Running the business, developing the tech, all of that stuff. We did it. We're still continuing to do it to this day. I didn't give up on it. You're here, you didn't give up on it. A lot of good people are still working hard on this every day, maybe including people just like you, or you yourself. Thank you for that.
Bobby Gray: But this is when it all comes together.
Bobby Gray: And it all comes together because it's the same vision, the same strategy, the same, tools.
Bobby Gray: But instead of waiting for somebody else to build them, we built them ourselves. I did most of it, I'm a tech guy, I know how to do this stuff, I just didn't have the tools before, now I do. It's done, it's working, contracts are being distributed, waiting for signatures.
Bobby Gray: And it's very exciting. As soon as we have that stuff, guys, I'd love to share it with you. I'd love to tell you all about it right now, but I gotta keep some information a little bit…
Bobby Gray: Close to the vest for now.
Bobby Gray: And as soon as I am able to, share with you, I will. So, that is, that is an update on the tech.
Bobby Gray: And the tech is what brings this whole thing together. You know, we're in a tech project. We're using tech tools to follow through on Bitcoin's original promise. We have to build those tools. We've been waiting a long time to have those tools.
Bobby Gray: And now we have them, they work, and it's really great to be able to demo it. It's even more fun to be able to demo it when you're tapping a card on the terminal. I'm not going to get into all that with my limited sleep.
Bobby Gray: And I'm not gonna waste too much time on this call, because I gotta get back to debugging whatever this little, exploit is that we're dealing with. So let's get to some questions real quick. Thanks to the 134 people that are on this call, really appreciate it. Jay, are you out there? Any chance you want to join and share some of your story from the last couple days?
Bobby Gray: Chris, are you there?
Bobby Gray: Does anyone want to jump on and tell us a story?
Bobby Gray: They aren't… I don't think they're here, but that's all good. Let's get into some Q&A. Okay, when will, Iskander be available on Bitmark? Great question. We launched it, they pulled it, they said, is your market maker even connected to this thing?
Bobby Gray: I said, no. Market maker said, give us a couple days. We are waiting for the market maker to come back right now. They need me to set up a subaccount for them so they can test what they've done, and I will do that. It is all on my list of things to do today.
Bobby Gray: BitMart subaccount. So very, very soon, Craig, I would say this week.
Bobby Gray: It's sick, boy, it's Friday, isn't it? Yeah.
Bobby Gray: by Monday, or Tuesday.
Bobby Gray: I know it's not real definitive, but I can't control that. But I can give them the information that they need in order to get their work done. So let's see what I can do over the weekend and have it live early next week. Okay.
Bobby Gray: Roland couldn't attend, it's all good, tell Roland.
Bobby Gray: Have a great night. Can we get TXE Barter Exchange, put something for sale like eBay? Yeah, look, you can.
Bobby Gray: You can have anything you want now. Why? Because all the information that everybody needs to build on our chain is now published to the TexCoin website. Go to TexCoin, scroll yourself down to the bottom, click on Build.
Bobby Gray: This is the information that you need right here to build on our chain. It's open, it's permissionless. Help yourself. Point your AI at it if you need to figure out how to mint tokens. It's all right here. Everything you need to build it is right here.
Bobby Gray: And so, pretty pleased, guys. I mess around with Lovable. There are lots of other tools out there. I learned about it from Corey. Corey's been doing a spectacular job there. I'm doing a pretty good job myself, but I'm sure there are a lot of great, talented,
Bobby Gray: builders and developers and creative people out there that can use these tools as well. Everything you need to build is right there, so go point your AI at it, tell it what to make, and it'll make it for you. And I would love to have
Bobby Gray: you build the TXC Barter Exchange, I'd love for you to run it. The less things that I gotta be responsible for, the better it is for my sanity, and for my case with the SEC.
Bobby Gray: So please, build, build, build, let's grow.
Bobby Gray: Okay, how can we reach out to two different carnival companies? I know I'm based in here in PA, right down the road. Yeah, so here's the deal.
Bobby Gray: Now that that's done, I'll spin up a sample for fair money.
Bobby Gray: and go show it off. You know, why don't I do that today? Why don't I spin up a fair money sample today? I was putting that off because I was really focusing on
Bobby Gray: The target industry that we're working with now.
Bobby Gray: enroll sample, but I would love to do that, because that's easy, easy stuff. Now, there's a big roadblock for us with fairs and festivals.
Bobby Gray: And the roadblock's almost out of the way. The roadblock is the money service business license. If we're holding on to other people's money, like a gift card provider, we gotta be registered as an MSB. We discovered that, not the hard way, but almost the hard way earlier. It's okay?
Bobby Gray: Found a company that's able to get a sub-license. There's somebody that's got a license in all 50 states. They're almost done that process, and so if you have an event pop up in PA, we don't even need to be there to do it.
Bobby Gray: They need carts, They need terminals.
Bobby Gray: We're not! They can use phones!
Bobby Gray: Cards and terminals make it super easy, but you could do the event, you could be the bank at the event, working under our license once that's done, with a clean system that makes event
Bobby Gray: payments…
Bobby Gray: And reporting, beautifully simple. So give us a little bit of time on that, Uncle Joe, and
Bobby Gray: we will have you a working demo that you can go and show off. Timelines for bringing back any kind of seminars to text. Look, I think we're planning a big party for Texas for October. Last October, we had the Game Over, giveaway.
Bobby Gray: That we did in Austin, that was a great time. Flew in there on a helicopter, with some of my besties, and so we're hoping to have a one-year follow-up, which we will celebrate our victorious outcome from the, TSSB situation.
Bobby Gray: That's our goal. That's our goal. We've got, you know, a couple months before we're actually there, but but as far as seminars and parties and all that stuff.
Bobby Gray: In Texas, we have to really be careful with this, you know, the cease and desist. It is real. It does make life challenging for us, reputationally. It's where our headquarters is. Our headquarters still continues to operate. Our chain continues to operate. Coins continue to get distributed on a daily basis.
Bobby Gray: But we have to be careful that we're not accused of violating that cease and this system. It'll cost us a lot of money and not make us look good. Can I share anything about what industry this new utility is in? No.
Bobby Gray: I… can, I just won't. Let me get a couple deals signed. Before the trolls get to doing what the trolls do best.
Bobby Gray: Remember, we've got a whole page on the Texacoin website now dedicated to the trolls, so if you come across some real filth out there, feel free to share it so that we can get them onto the,
Bobby Gray: distinguished Honoree section of the website. The reason I do that isn't, like, purely for fun.
Bobby Gray: It's because we get people saying, oh my gosh, have you seen disruption banking? OMG! Yeah, we've seen it.
Bobby Gray: Go to the troll list. Go…
Bobby Gray: Roll around in some filth over there, if that's what you need to do today.
Bobby Gray: Apparently, you can do that all the time on social media. So, I don't do it, but some people do.
Bobby Gray: Is the transformer gear for Victoria? No. I don't know off the top of my head what the transformer timeline is, but I know we're getting close, because, you know, they said it was, like, 4 or 5 months, and that was, like, 4 or 5 months ago.
Bobby Gray: Can we buy ISK from the back office instead of Bitmart?
Bobby Gray: No, not yet. We don't really have any ISK yet. We gotta wait for it to get distributed, and then we'll see how much extra we have. I put a couple hundred thousand into BitMart, and that was really all I thought that I had access to. So…
Bobby Gray: let's get coins distributed first for ISK, and then we'll see what we can make available in the back office. What kind of scale will you be able to do with the payment solution? 200,000 to a million per day?
Bobby Gray: Yeah, look, think about, you know, think about Bitcoin. Think about Bitcoin and its…
Bobby Gray: transaction processing capabilities. You know, they're traditionally getting
Bobby Gray: 4,000 or so transactions in a block.
Bobby Gray: They're making a block every 10 minutes. You can have multiple transactions inside of a single transaction, 4,000, 5,000, 6,000, 6,500, you know, so 6,500 in a block.
Bobby Gray: Let's do some maths here.
Bobby Gray: Why isn't my calculator showing up?
Bobby Gray: 6,500 in a block.
Bobby Gray: Remember, our block is 4 times the size of the Bitcoin block right now, so that's 26,000 transactions in a block, and we're doing that every 3 minutes, so we can do 26,000 transactions
Bobby Gray: Per block times… 20 blocks an hour, so we can do 520,000 transactions per hour.
Bobby Gray: Pretty good. You know, if a fair festival happens over 8 hours, it's 4 million transactions, more than enough to support that without really breaking a sweat. Now remember, transactions don't have to be processed real time, they can queue up.
Bobby Gray: Because we look at the mempool for authenticating a transaction.
Bobby Gray: That's not desirable. We want a transaction to be processed in the next block, but if a block is full, the mempool will stack up, you know, almost indefinitely, so a transaction could get settled out later. That's mempool versus confirmation.
Bobby Gray: But remember, guys, because this is a chain that we control, we can decide together that we want to increase our block size, or, you know, do something like that to make it more efficient, make it more possible for transaction processing. And remember, we've got two chains now!
Bobby Gray: $3 trillion industry, events are happening all over the world. Texacoin's gonna take the US ones, Iskander Network's gonna take the ones that are happening internationally. We load balance based on, you know, when and where things are happening.
Bobby Gray: So we've got a lot of transaction processing power.
Bobby Gray: And we can expand it later if absolutely necessary. But that is the kind of scale that we're dealing with at the moment. On StreamTXE, is this supposed to be done inside the mobile wallet? Yes, it is.
Bobby Gray: You go into… do you know how to do that?
Bobby Gray: Let me pull up StreamTXC for us real quick.
Bobby Gray: StreamTXE.
Bobby Gray: So… Share my screen.
Bobby Gray: Can you see the part at the top there?
Bobby Gray: So there's StreamTXC, and, you know, this is done without, like, a login. Instead, we use kind of a MetaMask-style wallet authentication, and so when we want to sign in with a particular address, we gotta go to our web wallet.
Bobby Gray: I don't know if you can see my web wallet there. Let me minimize, minimize…
Bobby Gray: and get this one here. So there's the web wallet. And so, if we go down to our StreamTXC videos.
Bobby Gray: and you say, okay, I want to authenticate with this address. I want to prove up on StreamTXC's website that I own this address. I put the address in there, and then it gives me a message that I have to sign. So basically, it says, are you really in control of that wallet?
Bobby Gray: If you remember, some number of years ago, there was a lot of discussion about, will the real Satoshi please stand up? And this one guy, Craig, was saying that he was the real Satoshi.
Bobby Gray: And they're like, well, it's real easy for you to prove that you're really Satoshi. Just go back to one of the Satoshi wallets that's sitting there dormant, and just sign a transaction. What does that mean?
Bobby Gray: It means that without sending any money anywhere, you can prove that you are actually in control of a wallet. And so, we get this message, we copy this message here.
Bobby Gray: gives us this, you know, whole entire thing. You gotta grab the whole thing, you can't just grab half of it. You gotta grab the whole thing by clicking copy, and then we go over to our wallet, we click on Sign.
Bobby Gray: we paste it into this message area, we click sign message, and it gives us the signature. So what it does is it takes our private key, and it scrambles it up with this message, and it gives us this kind of unique
Bobby Gray: signature value. It's not really a hash, it's kind of like a hash, but it's a signature. We go back, we paste it in here.
Bobby Gray: And then we sign in. And that's it. And it works.
Bobby Gray: So, if we tried to sign in, with this… Wide them.
Bobby Gray: With this wallet address, We copy that, we paste it here.
Bobby Gray: And it gives us this unique message to sign. We copy that, we go back over to the wallet, we click on sign, and we paste it here, and then we type, duh.
Bobby Gray: on the end, and we sign the message, it gives us this value, we copy it, we go back over to StreamTXE, we paste the signature, and it goes, nice try, bro, your signature did not verify, come on, let me in.
Bobby Gray: So without using a username and password now, we've got a way of authenticating and representing ourselves to a particular address.
Bobby Gray: So it's saying, that's not you. You lied. Okay, all right, hold on, let's try it again the right way. There's the address that we're proving that we control. We put it in here, we click next, we copy the full entire thing, we don't add anything to it.
Bobby Gray: We go back to sign a message. Remember, we're not sending anything, it doesn't even cost us anything to do this. We sign it, we copy it, we only have, I think, like, 5 minutes before this times out, so it only gives us a couple minutes.
Bobby Gray: To do this, but then we pasted this signature
Bobby Gray: it verifies us, and it signs us in, and then we can see a list of all the videos that we've posted for that wallet. So if we sign in with a different wallet, we get a different list of videos. They're not stored in the browser, they're tagged to the wallet, which is pretty cool, pretty cool Web3 stuff!
Bobby Gray: Anyway, guys,
Bobby Gray: Look, you never really know why things happen the way they do until much later. Maybe sometimes you don't know why. Maybe we're not supposed to know why things happen, but they always happen for a reason. Everything that's supposed to happen always does.
Bobby Gray: And we remember that with gratitude, optimism is sustainable. I'm really grateful to you guys, to our community, to the work that we've done together, for the success that we've had, for the path that we've created for ourselves. I am extremely grateful.
Bobby Gray: I know you're probably saying, yeah, must be easy to be grateful as you float around over there. And yeah, it is.
Bobby Gray: It's easy to be grateful with my daughter's kidney repaired from the work that we've done together. But I'm not the only one that did well on this project. There are a lot of people that did well. If you're on this call, you probably did okay.
Bobby Gray: But it's just the very beginning, guys. So let's be grateful for the times that we've had, the adventures that we've shared, the friends that we've made, the experiences, better or worse, that we've learned from. Let's be grateful, and let's be optimistic about our bright future, because this thing is still here, it's still going strong, it is…
Bobby Gray: more certain to be successful than ever, because with this new market, with the MSB licenses.
Bobby Gray: We control the future. We don't have to wait for a big event to agree to let us come in and provide our payment services to, their users.
Bobby Gray: We're back in the driver's seat. We've got the tech to do it, we've got the team to do it. You know, we've given up a lot along the way. We've lost a lot in the last couple months. We've said goodbye to some really, really great people. You know, this is a tough thing. It's a tough thing. It's a battle. Feels like a battle sometimes.
Bobby Gray: But I'm still here, I'm still working hard for our mutual success, as I told you I was gonna do for 5 years!
Bobby Gray: The time runs, and the minutes and months are ticking away,
Bobby Gray: But we've got real progress now, and we've got real technology and real solutions that are going to give us the ability to scale this thing big, fast, and great. I want to thank you again for being here for this journey with me. Thanks for spending your Thursday evening with me, or wherever you are. I want to encourage you to come back and join us again as we continue to do really great, kind of.
Bobby Gray: mind-blowing stuff here with the Honest Money ecosystem, which is a phrase I'd like you to get used to. That's the umbrella for all of the stuff that we're creating, all the tools that we're building to make
Bobby Gray: this work that we're doing in the realm of Honest Money Possible. I'm Bobby Gray, I'm the guy that started it. Thank you again, very grateful to all my friends that are here to join me for this Thursday night, and I will talk to you guys again in just a couple days. Make it a great weekend, guys.