Honest Money Update with Bobby

Let's get this recording start There we go. Good morning, good evening, wherever you are. I'm not even sure where I am anymore. Bobby Gray here, founder of Texacoin, joining you live. This was supposed to be a pre-recorded call, but I'm joining you live 2 am here at the hotel lobby in Amsterdam As I slowly but surely make my way to London for a rendezvous with our friends from the SEC What an exciting time it is to be us. Amazing. Okay, so thanks for being here, everybody. Don't expect too much from tonight's call. This is this was supposed to be pre-recorded, and this is supposed to be fun, but unfortunately, this week we've got lots of drama going on, and so I figured I can't miss this call I went to bed five hours ago And said, I'm just gonna sleep for, like, 2 hours, I'll wake up, get together with the team, and we'll make a recording of the call I don't know, I guess I didn't set an alarm or something, because I woke up 20 minutes to call time, and I said, oh man, that was a close one. Remember what happened the last time I Was on the road. I was getting surgery in Thailand and and missed that call, or at least was 17, 18 minutes late and that was panic, sheer panic. So hopefully you can hear me. Hopefully, you don't have too much background noise. Hopefully you get something out of tonight's call. And of course, thank you as always for being here and joining. So let's see to get started. Yeah, trying times, guys. But of course, as you know, the follow up to that statement, that quote from Thomas Payne is that the harder the triumph, the more, sorry, the harder the conflict the more glorious the triumph is. And I've heard that phrase lots of different times in the Bitcoin world, you know, the bigger the party, the worse the hangover kind of thing. And it's usually always a negative you know, association, but I want us to think about it in a very different and positive way, because, you know, we're going through it right now. And, you know, the big thing that differentiates us from a lot of the other projects that have come and gone is our unwillingness to give up You know, our persistence, our idea that we're going to outthink. We're going to outwork and we're going to outlast the competition. Whether that competition is the federal government or the Bitcoin bros or the trolls or anyone or anything that would stand in the way of our success that's what we're up against. And it's an important thing. You know, I think that over the last couple weeks as we've Having these conversations, hardening my position a bit about how important it is that we fight and we win. And, you know, from day one, it's always been, this is complimentary, this is, something to give people more options. We're not anti-anything, we're not anti-Fed, we're not anti-bank, we're not anti-Bitcoin, we're not… not, not. And, you know, unfortunately, you, you know, you keep trying to navigate gracefully around all these different battles, thinking that they are not yours. Let somebody else be those guys. You get to a position where we are today, where you go, man, we really do have to fight For our survival, we really do need to battle to win And you'd hate to think of it like that because who would want to stand in between us and our success? Why, why would someone want to do that? And, you know, there are a lot of reasons why Why that happens in life. Maybe it's jealousy, maybe it's you know, maybe it's just I don't know 2 am. It's hard to come up with all the different examples. Let's go with jealousy. But people do people do, whether they don't like us, or they don't want to see us successful, or whatever. They've got their own thing going on, and they want to see that thing win, and in order for them to win, we have to lose. Whatever it is, we are in a bit of a battle here, and You know, it's funny because I talked to my attorneys and they're like, are you sure you're ready for this meeting with the government? I'm like, yeah, I'm ready. Why wouldn't I be ready? I've been talking about this in my sleep for the last You know, two, two and a half years now. I know this stuff inside and out. And I think the most important thing for me to accomplish as I, as I get into this and I think I'm going to have to reschedule our next time together because I think It'll be at this exact same time. Or maybe I'll have just finished. I'm not sure. But I'm ready. I know this stuff inside and out. I'm very comfortable with it, and if I sit down and I talk to anybody about it, I think the most important thing is for me to be honest, tell the truth. You know, there are hundreds of recordings out there where I'm on video, stored on the internet, transcribed, saying exactly what we are. You know, what, what the core elements of our project are, what it all, you know, was dependent on, and You know, whatever it is that I could have said that would get me in trouble has already been said. Those words are already out there somewhere. And so all I have to do is sit down, show up, show up, sit down, look good for the camera And to tell the truth. And I think that that will set us free. As the truth always does. Anyway, but these are tough times, you know, the crypto industry itself is going through a really tough time. I think we're now officially down 50% from the high of $126,000. I haven't looked at the crypto market in the last couple of minutes, but it's been a bumpy ride And you know, I thought about that. Yeah, 63,000. I think we we Bounced all the way down to 62,000. You know, we might be the only thing left standing that can save the crypto industry from itself. I watch all these different speculative TikTok videos from the talking heads talking about what is it that's going to save Bitcoin? Well, Bitcoin's entered its, you know, digital gold phase and that's failing and blah, blah, blah, and we need blockchain to, you know, help these Fortune 500 companies to inject capital all. What are you guys talking about? You have no idea what Bitcoin needs next. But What I can tell you for sure, you know, I think I know what crypto needs, but what I can tell you for sure is that it's impossible for the world to get excited about something that's run by the banks. You know, people really had a big wake-up call back in 2008 during the financial crisis, you know words and terms and concepts that were completely foreign to almost everybody on planet Earth became, you know, common coin back then when they messed it all up, and they drove us into, you know, this terrible economic crisis, and You know, and then since then, we've seen this runaway inflation, we've seen the price of goods and services and assets across all classes just go bonkers I was just talking to my wife about it the other day, I'm like, what are the odds that all of a sudden now we have a little bit of money and the price of everything is tripled? Like, that's not fair. We were so excited about being rich, and now it's like, no Got to keep working. We're not quite there. And so Banks, the same exact entities, the same institutions and financial you know, foundations that got us into this mess All those years ago, 18 plus years ago, are the same guys that run that show today. And so how could it be in any way surprising that they're going to struggle You know, they always struggle. It's it's not real. And so they're going to continue to struggle. And as we continue to stand strong and fight these battles and win It just makes us look that much better. It gives us that much more credibility out there in the marketplace. And as the herd thins, as the industry goes into, you know, this incredible bear market down 50%, 50% If you cut it all the way at the high As it goes into this bear market, it's going to be looking around and saying, who's out there? Who's doing something legit? Who's doing something real? Who's doing something honest? Who's doing something that we want to be a part of that feels like what it was that gave this industry all of its strength and power back in the early days? What's Texitcoin TXC Be proud of it, guys. Embrace it. Gosh, some people are out there taking wraps off of cars, worried about, whatever the rules might be. Embrace it. We've got a great thing. We know we're going. We know how to get there. We've got this bug along for the journey with us. But be proud of it. and enjoy this opportunity that we have to stand tall, regardless of the challenges that have come our way and will continue to come our way. I saw TikTok yesterday that was like, you know if you're in the Truman Show, it's when you realize that you're in the Truman Show that the Truman Show starts to fight back. I'm like, yeah, that's really what this feels like It feels like thing where this reality around us is paying attention to the fact that we're on to them And we're not going to give up, and so it's going to push back. And so our job, of course, is to continue working hard, doing the right thing, being honest, upfront with people about, you know, the risks, the realities, the rewards And And to, you know, cross our fingers a little bit from time to time and hope for some good weather. As it is beautiful here in Amsterdam, as I make my way to London, England for my meeting with the SEC The attorneys are a lot more worried about it than I am. I'm not sure why. Maybe they know something that they're not telling me or that I don't know, but Seems to me like it's going to be a bit of a walk in the park. You know, my job is to like not Let myself get Like my feathers ruffled, not let them Keep asking the same question again and again until I get frustrated and say something silly or stupid or mean. So I got my work cut out for me, but fortunately, I'll be a little bit more well-rested by the time I get to there, and and I think I'll do a great job. So That's the state of things right now. But the reason I wanted to get on this call and share my time with you and get a recording out of it is because we had a pretty serious security incident in the last week And that security incident is kind of a big deal. And It's caused us to take a step back and rebuild everything that we've made over the last two years. And it's a massive undertaking. And you've heard me brag quite a bit about, you know, this AI stuff and how it's catapulted us forward in these last couple weeks with finally overcoming a lot of technical challenges that have stood in our way. I'm going to share my screen here with you and remind you what I'm talking about And show you kind of what the problem is right now. requesting a bypass system private window picker. Yeah, go ahead, bypass it. See if I can Share my screen. There we go. Okay, so, you know, we had, if we go back into the the way back machine, we had a pretty terrible website for a very, very long time And the reason that we had a very terrible website is because Bobby, me, I've been this the person with soul and exclusive access to it. I'm the only guy with the keys to update, edit, or change the website. That's it. Just me. And that's not because I'm a web designer, it's not because, you know, I really want to make the best this website ever, and I've just been patiently waiting for the exact right moment to do that. I did it because as soon as you start sharing links on your corporate website, if somebody goes to Texitcoin.org, you know, this is our official website And as soon as they go in here and they start clicking on links for things like, you know, the wallets or the web wallet They are very heavily trusting that this is, in fact, the correct web wallet. You know, they're they're relying on the idea that this is a good link And And it's a lot of responsibility, because if we put the wrong information there, or somehow the wrong information gets there, and people can go to some totally different website to get a wallet, and that wallet has malware in it or some sort of bug in it, or exploit in it You know, then that's going to look really, really bad. And it's the kind of thing that we absolutely need to avoid, because, you know, this whole world of crypto is full of hackers, it's full of scams, it's full of You know, plenty of risk, normal risk, it's full of digital risk. So, you know, it's like you need to know that somewhere there's something that you can depend on, you can use reliably, not really have to worry about it. Well, the answer to that question is the cold storage coins That's why I made them back in 2017. They've worked perfectly. We've had two incidents with them over the last… what is it, nine years now? Nine years we've had two incidents. One incident was in January of 202 And just to give you a quick reminder of what happened in January 2025, for a very long time, the cold storage coins app, let's see if I can pull it up on my phone here while I talk about it. The cold storage coins app, which is now renamed to Blockchain Mint It didn't have a feature. Did I see that Blockchain mint. It didn't have a feature in the app to actually redeem a coin. You could see your coins, you could, you know, get the address, you could name them But you couldn't add any value to the coin, or sorry, you couldn't remove any value from the coins via the app. And that's by design. Same challenge. Somebody hijacks our app, and they program in some sort of, you know, redeem feature that people use with a backdoor Then it's going to be a problem. I started thinking about it. I'm like, well, if somebody kind of creates an imposter app and publishes it to the store and people think that it's our app and they download that and it's got a backdoor in it, we end up at the same place anyway, you know, whether it's our fault or somebody you know, pretending to be us that's doing it. You know, it's the same result. Funds get stolen. So we may as well put the feature into our app so that at least people don't have to go out there and, you know, try to find something in the app store that will do what they want, which, you know You're not putting your value on a cold storage coin so that you can, like, give it to the grandkids when you move on. You're doing it so that you can keep your crypto safe, so that you can come back later, take that sticker off the back of the coin, scan the code and cash it out And so We finally built that feature. We went to our core development team, the development team that's been doing all the security stuff, all the back office stuff, you know. These are guys that are dealing with huge amounts of money and value and trust. They're doing a good job. So we went to the core development team. We said, build this feature for us They rolled it out, published it. No incident. And then it was a couple weeks later we get a phone call saying, I pulled this cigarette off my coin, I scanned it with the app, and all of my Bitcoin is gone. And we said, Well, first of all That's impossible. They've never once failed. Never. It's always there. He's like, well, it was… it was there when I was like, you know, pulling the sticker off and scanning it, it told me how much I had, and then I told it where to send it, and it was gone. And I kind of didn't take it seriously at first. I blew it off and I said, it's impossible. You did something wrong. And this guy was in Denver, I think I'm in Dallas. He's in Denver. I said, let me look into it. Don't do anything. And I reached out to our like main, main developer guy doesn't do much development work. He's our system architect, Bodan. I think you can see a picture of him on the website. And I said, what's going on here? Is this possible? No, not possible. Let me… let me take a look. So he goes to the code, and this is before AI is out there to do stuff like this. And I told the guy in Denver, I said, look, grab all your stuff, grab your laptop, grab your coins, grab your stickers, grab all that, jump on a plane, head to Dallas. You've got, you know, a couple more coins with A lot of money on it, don't touch them, just come over here, let's see if you did something wrong, and I can probably recover it. You probably just sent it to the wrong place, so come on over here and let me recover it for you And this is January 2025. Remember, just a month or two after we, you know, started to cross over, we broke even and we started to get some momentum And all of a sudden, now this guy says he lost 2 Bitcoin, and Bitcoin's at $105,000 apiece back when this happened. So he comes to Dallas, and by the time he lands, I hear back from Bodin, and Bodin says, yeah, I found the back door. Somebody called SkyWeb something something, programmed a backdoor Into the app and it was just sitting there, you know, it ignored small balances and was waiting for a big fish to come along. That big fish had two Bitcoin And it grabbed those keys and it took the Bitcoin off to the… to bad actor place I said, well, the good news is we know what happened. If you know what happened, you can stop it, you can fix it, you can repair it, you can be honest and upfront with whoever, you know, was the victim of it, you can cross your fingers and hope that they believe you. But at least you know, you're not… you're not wondering and, you know, putting fingers at each other, trying to figure out who was trying to screw who. And we've had that happen as well over the years. So He gets to Dallas, and I said, look, I got bad news for you. We had a backdoor put in. And he goes Well, okay, let's just try the next coin then. And I said, no, no, no, no, no. We're going to do it manually. And of course we did, and it was fine. But we had to pay that back $210,000 worth of Bitcoin. I think the guy was nice enough to us and let us settle Something a little bit less than the full amount. But the point was, it was a big deal. I don't know if you remember, but I came to you guys, bleary-eyed like this after days of working through this thing, and I said, we had a security incident. I want to be upfront with you guys about it. You know, for better or worse, we're in this together We've got to navigate this incredibly exciting but incredibly dangerous digital frontier together. We'll hold each other's hand and we'll find a way through the good and the bad. We'll take it all. And we'll find a way to make it through. And so we had that conversation a year and a half ago about a security exploit, remove the feature from the app. We said, okay, well, that was a bad idea. We knew it was a bad idea and it ended up being a bad idea. And so let's Let's discontinue that feature. You know, it would be great if it worked, but who can you trust in this stuff? Anyway, life goes on And and so a couple weeks ago I reached out to that same core development team. These are the guys that have built our payout. They've built our web wallets. They built our mem pools, they built our block explorers, they built the security into the system that makes it so that people couldn't mine through the back door, the side door. I mean, these are the guys that I found back in May of 2024 when we went live on our first exchange and found somebody mining outside of our pool, which is against our rules and, you know, kind of the core component of what makes us different out there. And so we've been with these guys for now more than two years. And I reached out to our team, and I said, hey, I've got good news for you guys, and I got bad news for you guys. And I explained to them that, you know, our whole world is tech. And, you know, it's one of the things that makes me uniquely qualified to have this conversation with you because I know the tech stuff really well. That's what I did when I was young. 1997, I left high school at age 17, dropped out of my junior year and started a tech company. I was plugging people's computers in, getting them on the internet, setting up email and printers and all that stuff for those guys charging $150 an hour by 1999. And, you know, so I'm really good at this tech stuff. I know it inside and out, and you know, I can smell BS, which is really an important skill. I can communicate features that we need and how we need these features to work to developers so that they're able to create these things. It's an important thing, and I'm very good at it. And so I went back to these guys and I said, look, we need all this tech stuff done. We need an API so people can build on our network. You know, we need this layer two thing done so that we can have fairs and festivals using our system. And it It's a difficult thing. You know, we've been trying to do it for 4, 5, 6 months we've been talking about it. We thought we found the Hail Mary solution back in February when I connected with a team of people out in Dubai. You know, it's a big deal. It's a lot of work. And I estimated it would probably take our development team a year To get this project done. If they weren't working on anything else for us whatsoever. And And so then I discover AI. And I said, you know, we need all this stuff done. We can't sit back anymore and wait patiently for our development team. And it's like, well, why don't you just expand the development team? Don't you have resources? Can't you hire more people? Who can you trust Who is it that's out there that knows this stuff at the level that we're operating and is able to create systems and solutions for us that we can trust? So I started messing around myself with AI And man, I was blown away. Blown away. You know, and you've seen, you've seen already the things that we've created. I've created For us, you've seen the Texacoin website. I mean, this is a huge, huge improvement Not just in the way it looks, but with the information that's on there. I mean, how long has information been missing off of our website because we haven't had anyone to design and build it That we like and trust. You know, a lot of the information's up here and you know I was able to sit down with AI and say, all right, here's what's up here. Here's what I'm going for. What do you got? And this is what it gave us. I even added this little You know, price tracker in the header since that's so important for our friends in the crypto industry to see exactly where we are. But I added all of these pages. I mean, there's just so much more information on the website today Then there was a month ago. You know, that's a really big deal because we keep talking about forward progress. Oh, it's not a rug pull. It's not a Ponzi, it's not a pyramid. It's not an exit scam. Well, great. Well, show us some sort of indication that this project's still alive. Show us a better website, show us some tools. You know, one of the most important things that I built, and even just improved the other day, is the build section on our page You go to build Texacoin.org/build and you get to this page that gives you everything that you need, everything that you need right now to build on our network Every tool one place. These are important tools. But really, it's this part down here that gives you the instructions on how to do it. This chain parameters thing is really, really important. Once you have all this information then you're able to build on our network. And so, all of these details are here. And for the very first time, I've been asking for this information from our development team for a very long time. Haven't gotten it back burnered, and now it's here. Now it's done And, you know, I mentioned on a previous call, like I could just imagine being the SEC or some regulatory watchdog that's in charge of protecting consumers or protecting investors or protecting anybody that's out there And saying, you know, look These guys are saying that they're good. They're saying that they're honest. They're saying that they're not a scam. But what's with their website, bro? Where's the developer tools? I mean, how do we know this thing is, is legit in the first place at all if they can't even publish a simple API? I mean, how do we build on their network if we don't have the instructions on how to build on their network? It must be a scam. It's the only logical conclusion And I see it. I see the argument. I know you've had those frustrations. I've had the frustrations, but we've got a lot on our plate and there's a very small group of people that are able to program at the level that we need. Remember, we're recreating The entire Bitcoin ecosystem from the ground up. And we're picking up where the early Bitcoin bros dropped off and we're having to put together this entire thing, the mind, the tech, the explorers, the mempools, the layer all that stuff, it's a lot of work and we've got a good team and we pay them well. But We don't have everything. We don't have some of the simple things that would make it look like we actually have our act together. We don't have a really good website, and we don't have our API. Well, that's all done now. And so I created that and a bunch of other things and I got to a level of confidence that I have never been able to achieve before. And the level of confidence goes like this I've worked with a lot of developers over the years. I've worked with a lot of artists and creators over the years, and there's a lot of similarity between developers and artists Where they take pride in their work, you know, they're, you know, staying up till 2, 3, 4 in the morning on some urgent crisis or some last-minute deadline. They've got a can of Red Bull and some Kit Kats there, whatever it is, and they're working… they're putting their heart and soul into getting the job done. And so, they take great pride in that, and they don't want to hear somebody like me, who's not a developer, come along and say, you know, I really think you need to start using AI. You know, that's not the right thing to ever say to a developer You know, knowing what I know about it now, I would really wish that they would find out how powerful these tools are. I mean, I'll never forget the day. I don't know if I told you guys this story last week or whatever. It's 2 am over here that I was in ninth grade. Christopher Doc Mennonite High School in Pennsylvania. And the class just sat there and watched the the instructor, the teacher, have a full-blown meltdown Right there in like first or second period. What was it? Ap geometry or something like that? I don't remember. But just a full blown panic attack driven meltdown, because he had gone to an event where they showed him a calculator that he went and got like a PhD to learn how to do this specific equation function, whatever they're called And now it's available on a calculator, one of those TI-82s, if you remember those big bricks that you're allowed to take in and do your SATs on. He watched for the very first time at some sort of tech expo, somebody do this thing that would take you know an immense amount of time and brain power. And a calculator did it in seconds. And that was 199 5 or 1984 Think of how far we've come with technology since then. You know, and I think about stories like that, and I'm like, well, yeah, that's terrible thing, and surely couldn't happen to me or us. Well, it has. It has happened to us with this AI. You know, I used AI and have been using it plenty for content. You know, I'll sit down with AI while I'm getting a foot massage in Thailand And I'll say, hey, I want to write an article about this. Here are my key points, can you flesh it out for me? And it does a reasonably good job, and then I correct it on a couple things, and we work together on it to refine it to a point where I'm happy. But I've never used it for coding. I've never used it for development. I've never used it to make apps or websites or functions. That's pretty good. It's pretty good. And so, you know, you want to be really careful. when you're communicating, instructing your core development team, and I'm talking about the guys that have their fingers on the delete, delete, delete, delete, delete button. You're always going to be in a position where you have to trust somebody somewhere to be involved in that process to the extent that You know, they're able to manage and control these things at the highest level. And for a long time I said, look, just going to treat these guys with kid gloves. I'm going to put on, you know, some really soft gloves when I communicate with them, I'm going to pay them. I'm going to pay them early, I'm going to pay them often and I'm going to treat them so well that they never once go through and decide that they're gonna pull the plug on this project, or put in some malicious code, or… put a backdoor in for themselves. I mean, these guys are the ones that made the system that sets up the system wallet, where every week when somebody pays through the website, that thousand or three thousand or nine thousand dollars goes to the exact right place. I mean, they've In a position to watch millions and millions of dollars every week go right through their systems. They could grab it at any time. You know, would it be the end for us? No. Would it be extremely painful and expensive to overcome? Yeah. Yeah, so you treat it with kid gloves. And so when this thing went down in January of 2025, I went back to the team And really, I had, like, you know, two things to worry about. You know, number one was like, you know, wanting to really take out my frustration on this team and say, look, you hired this guy, you managed him, you're in control, you're responsible for this $210,000 loss pay up And I said, you know, they don't have the money. You know, they're not going to want to hear that. This is a terrible thing that happened, but I got to decide if I want to treat them that way and whether or not it's their fault. You know, did they really get unlucky and have a guy that Did the job for them that was a bad actor, or are they in on it? I mean, they've got all these other opportunities to hurt us. And so I concluded back then that they weren't in on it and it was an honest mistake, give them this bad actor access to this one thing that was programmed the wrong way that caused this terrible loss for us. And that was a big loss back then. You know, a $210,000 losses. Never, never a good day. And that happened right about at a time when it was almost too much for us to bear Almost too much And we got through it. We got through it together, we got through it with honesty, we got through it with full transparency, we got through it back then And we're going to get through it again today. But we kept that development team on back then, because we weren't in a position to fire them. You know, imagine that kind of job security where like you know that you're holding the keys and whether you smash the house on your way out the door or you just know that whatever it is that you're doing is so critical and important that they got to eat it Keep going anyway. I mean, that's quite a position to be in, and that's the position that they were in, and we were in back in January of 2025, when you know we were hot on the trail of a lot of different things. The layer 2 is in development, the wallets were in development, I mean, all this important stuff we we weren't able to just walk away from our core development team back then. And so we ate it. We said, well, we don't really know what the issue is. We don't really know whose fault it is. We don't really know who's telling the truth, but let's start to really work towards a better development environment. What can we You know, improve? What can we, you know, legitimately change For the better from this experience that doesn't insult our development team, doesn't question whether or not we can trust them, but it starts to move us in a direction where we put ourselves less at risk with developers. And we said, okay, look, you gotta publish your code through these channels, that way we're able to scan these things, kind of sit there as a bit of a gatekeeper along the way And make sure that… Excuse me, things are being done correctly And we don't have somebody that's a bad actor inserting No water here. Malicious code into a system Before we push it live. And so we made some progress. I think we vastly improved the way that we were doing development since January 2025. Fast forward more than a year later, and I sit down a couple weeks ago with our development team, and I say, look, good news and bad news. The good news is no one's getting fired We got 6 people on this team. We're paying $15,000 a week for this team. It's all good I've discovered that we're able to use some of this AI development tools to really take a leap forward in our project. And I've been messing around with them myself, so I know that they work. I know that they're creating things that are valuable for us. I know that we need these things. I know that we've waited a long time. I know that I'm tired of waiting for these things. But I know that it's now time for us to, excuse me, about ready to drink the water that's in this This little vase here to get whatever is in my throat out So I said with the team, I sat down with the team and I said, look, it's time for us to improve. And what I would love is to keep the same guys on that we have now, not let go of anyone, not change any of our budget, but just get six times as many things done now as we were doing before. I'm able to work with these tools and get so much done. I'm not a developer. I speak to it as if I'm talking to like a developer and I'm treating it with kid gloves and I'm like, hey, if you've got a minute, could you improve the colors on this thing or could you change this from a square button to kind of more of a pill-shaped button? Like, I'm talking to AI Like, like it knows me, and it could hurt me. if I was, you know, to mistreat it, and that may, in fact, be the case one of these days. So I tried to use normal words and language as I mess around with this stuff. You guys are developers. You know what the commands are to give this thing to do the right thing like I just guess at it sooner or later get it right. I'm going to mute myself here for just a second I don't know if that helped. We'll see. But Don't change it. Keep the same team on and let's go. The very next day And exploit was manually inserted in our web wallet. And that's a big problem. That's a really big problem Just so you know that this is the 18th that we're talking about here 18th of May. And this is a really big problem, because I haven't spent a lot of time messing around with the TXC wallet. The TXC wallet app is something that really and I've never been a big fan of it. I don't like going through the app store. I don't like going through the Google Play Store. There's a lot of red tape there, a lot of rules, a lot of regulations They don't like Bitcoin and crypto apps get pulled from the store all the time. Oh, you're something agreement's out of date. You're not authorized anymore to operate in this country. So apps get pulled. And as soon as an app gets pulled, you're down, man, you're gone. Sometimes it's, well, you just can't find it anymore in the store Other times they pull it off of the phone, the device, you can't find the icon anymore for the wallet. So I've never been a big fan of publishing apps that way through the App Store. I know it's happened to me before with crypto wallets where you go and find your Jax wallet and it's gone. Like, that was the go-to wallet back in 2017, and now all of a sudden it's just not in the store anymore, whether they had a security breach or just discontinued it, or it was blocked or banned in the country that I was in, I don't know, but it was gone. Off my phone, gone. You better have your backup phrase. And so I've never been a fan of that stuff. And so once we got to the point where we had a mobile wall and we were happy with the mobile wall and the mobile wallet was working. kind of ended that path in my brain. I said, okay, we're not working on the mobile wallet anymore. That stuff's risky. You know, it's a whole different type of development, and we're just not going to put resources into that. So then we come out with a web wallet, and then we're working on a MetaMask like browser extension Which is even better. Great! And it works. It's flawless. You can do a multi-send, you can back up and restore, you can, you know, you can sign transactions, you can operate with the layer 2. Everything that we need is in the web wallet. It's accessible from any device, anywhere, anytime, no gatekeeper, perfect. Flawless. Start pushing everybody towards the web wallet. It's browser-based, it's client-side, it's self-signed transactions. You don't… you're not… it's not custodial. And so, you know, we'll never know who put the exploit in the web wallet or why, but we do know that we found the exploit sometime right around the 27th. 27, 28th of May. And you know, when it was discovered, I went, oh, that's not good. Okay, so let's talk about what the exploit is. When you sign into the web wallet, the old web wallet And the new web wallet. When you sign into the web wallet, you put your password in, and for a moment, a brief moment, it decrypts your private keys, and it gives you the ability to sign transactions with them. So, remember, in crypto, you're not interacting with You know, a custodial server somewhere that has all of your access and money and value and all that stuff, and then does a transaction for you. You're making an announcement to the community that you are going to send something to somebody else. And so that's done through a broadcast. So you have to sign a message and you broadcast it. And so the miners are out there listening for these broadcast messages, and they're the ones that make sense of it. Oh, you're taking your value and moving it over here. Got it, done. So that's what happens. And so, in a good environment, you're able to sign and broadcast a transaction from your local device. That's what we want. That's what we call non-custodial. And so, in order to do that, you have to have something called a private key. And a private key is what you use to sign the transaction. Well, if it's stored on your side, you would think that the private key is safe and nobody has access to it. Which is true until somebody changes the code and puts an exploit in there that says, yeah, and that brief moment when they unlock that wallet, send a copy to me. We missed it. And it's a real shame that we missed it, because it's a really serious thing. Now, I tell everyone, keep your cold storage, keep everything in cold storage, only put online as much as you're comfortable risking and losing, because digital risks are out there. If it's on cold storage, it's safe. Okay, well, what do I do when I want to use it? Well, you got to link your cold storage to a device and you could link it to your mobile wallet and the TXC wallet, or you could link it to the web wallet As soon as you link it to the web wallet, now you've opened yourself up to that world of digital risk And so I had two things in the web wallet that I linked. I linked my game over coin. I'm overseas. I've been overseas for almost 4 months now. Maybe it's 4 months, more than 4 months. Been overseas traveling for more than 4 months now So I said to my wife, I said, Hey, let's take the sticker off the back of my phone. I'm not going to cash it out, but I just want to link it to to my, you know, digital device here, so that if something goes wrong, there's a fire, or somebody kicks in the door and decides to take whatever's sitting in our safe, they don't have everything. They have it physically, but I have access to it, so if that phone call comes in, I'm able to move it off there Somewhere else. You know, that puts it in harm's way for a moment, but at least gives me a bit of a backdoor. So I linked my game over coin with 2,001 Texaco coins sitting on there Linked it to my web wallet. Not only that, but all of the Texaco coin that came in from people joining Iskander for mining seats was linked to it as well. And there are 4 million texts going on that wallet I had both of these wallets linked to the web wallet. And so, as soon as I heard this, I said, okay, I need to get that off of there right now. And I was very, very pleasantly surprised to see that it was still there. It was intact. They went, oh Maybe, are we sure that there's an exploit? Certainly, if somebody put an exploit on there, they would have emptied the two biggest wallets And the whole entire ecosystem Why wouldn't they I don't know why they didn' I got it off there right away and I'm very, very, very happy and consider myself very lucky that It didn't affect those 2 wallets. Now, let me tell you what could have happened. You know, this happened to Ethereum back in the very, very early days where they rolled the blockchain back To a moment before they had an exploit. I think their exploit was like $30 million or something back in the day. It was so big back in the day that they got Vitalik on the phone and they said, bro, we need to roll the chain back How can you even do that in a decentralized network? That's what everybody accuses me of having the ability to do. And it's really not that I have the ability to do it. The ability is that anyone can do it. You can take a fork of our chain anytime. The question is whether or not you can get consensus of the community and say, hey, we're rolling back. Exploit happened, something went wrong, we're going to roll the chain back a block or 10 or 100 to get to the point before this, you know, security incident took place, and we're going to, you know, start from there. That's a major, major problem. I mean, those are the kind of things you can only really do, like, once, if that. Because people start looking and they go, what did you just do to our decentralized, immutable ledger? You rolled it back? Okay, all right. You know, we get the same question asked about, hey, somebody hacked my wallet and I'm watching the hacked TXC move around. Can you freeze that wallet? Well, technically, no, we can't freeze it. Can we put a message out to exchanges saying. freeze that money if it shows up in your wallet. We could, but again, you're starting to violate the basic, you know, ideas of digital decentralized peer-to-peer, unstoppable money. As soon as you do it once. You open the floodgates for accusations of all the things that we're already accused of And just, you know, questioning the basic premise of how immutable and permanent is this thing? If somebody can stop it, then it's not that immutable. How many people are there with their finger on that button to do that? Not money in our organization. I'm definitely one of them. So that didn't happen. That's really, really good, because if somebody swooped 6 million Texacoin out from under us, you can bet your butt That we'd be having a conversation about it and putting it to a vote. You absolutely can. Why? Because that's my upside. That's what keeps me working hard. I got 2 million Texascoin. I'm the largest holder of Texacoin. If somebody took all of my Texacoin Where's my upside to continue working my butt off for this project? You know, you've got Texacoin. I've got quite a bit. That's my that's my payday. I get this thing up to that $1,000 mark with you together It's worth $2 billion for me. It's an incentive for me to keep going through thick and thin. if somebody took that all away from me. Oh, man. I could make an argument that I would keep going anyway. Altruism and whatnot. But at the end of the day you would have to Seriously question you seriously wonder if I was really that committed if I didn't have an incentive. So we didn't get to that point. We didn't have that conversation because I got lucky And so what did I do right away? I build us a new web wallet. Now, important thing. First of all Trust all of this stuff as little as you possibly have to You got to trust somebody somewhere Unless you're gonna, like, code up your own Texacoin wallet, you're gonna have to trust somebody. Now, having said that, you can code up your own Texcoin wallet. All the instructions are out there. AI is ready with square miles full of data centers, gobbling rare water and minerals and resources by the truckload, so that you can sit there and create your own Texacoin web wallet, or app, whatever you want You can do it yourself, and I encourage that. If you know what you're doing, sit down and make yourself a wallet. I did it for us. You can do it for yourself as well. Why? Because this stuff is risky, guys, and we really don't want to trust any more then we absolutely have to. That's why I've been doing all of this stuff myself. It's a lot of work because what I'm in the process of doing right now is recreating everything that we've built over the last two years. And I'm the only guy that can do it. You've got a lot of great people on our team that are saying, how can I help, man? Come on, I know you got a lot on your shoulders, you're traveling, you got this legal thing, your wife's in town, like, what do you need? I would love to have your help. I would love to ask for your help, but unfortunately, it's my butt that's on the line and you guys are not going to accept anything other than me looking you in the eye and saying, I know for a fact That this is one you can trust because I wrote it exclusively myself. I'm the only guy involved in making it, you can trust it. So you need me to look you in the eye and tell you that. So I rebuilt the web wallet. And I put a really great import process on the front end of it. Let's pull it up here real quick. I put a really great process on the front end of it, where if you go to Resources Web Wallet, if it's your first time here, I don't want to click white, because I got something on here, I'm not sure it's backed up properly yet. But if it's your first time there, let's see if we can open a new browser and do it Copy this We'll go to a new incognito window. We'll paste it, and we'll see what happens. Okay, so if it's your first time hitting the web wallet, it's actually going to give you a different screen than this. What it does is it detects whether or not you've got the old wallet in there And it'll guide you through a process to sweep everything out of all of your old wallets, create a new wallet and sweep, or import everything from your old wallets into your new wallet. So let me tell you exactly what the exploit is, kind of who it affects, and why I built that process. Excuse me. So The exploit was installed on the wallet.texaccoin.org website. We think about the 18th. Well, I know exactly when it was put on there, but I say we think because we're not really sure if it's your 18th or May 18th or who's 18th. If you went to the web wallet and you logged into the web wallet on or after, let's say the 17th, 18th, then your key was exposed Which means that they got a copy of it And we fix the exploit around the 28th. So for about 10 days, if you didn't log into your wallet in that 10 day period, the 17th, 18th to the 28th, if you didn't log into your web wallet during that period, totally fine. Nothing to worry about. This is not about Iskander, or about the TXC Wallet app that's on your mobile device. It's just wallet.texaccoin.org, whether you accessed it from a mobile device or from a desktop device, doesn't matter. If you went to wallet.texcoin.org between the 17th and the 28th you were hit with the exploit, and the exploit grabbed a copy of your private key and sent it off somewhere far, far away. So That's the only group that this affects. Only group now over an abundance out of an abundance of caution, I would encourage everyone that's used the web wallet to migrate to the new web wallet and sweep all the funds that were in your old web wallet and do your new wallet Why? Just in case there's some lingering code on your computer that was, you know, there, like, let's get all that old stuff out. I didn't build it, I built this one I encourage you to trust it. This is the real non AI Bobby. So I hope AI Bobby doesn't have the same stress throat thing that I've got So if you're there for the first time and you have an existing Web wallet used in the past, it'll guide you through a migration process. And it's a good process. I wrote it myself. And it says, hey, you've got something on here from before and we'd like you to get that off of there right away. Let's bring it on over to this new wallet. We'll sweep every wallet that you had, we'll bring over everything over, puts it in a new wallet for you. If you haven't been on that website, if you've never used the web wallet, or you haven't been there from, like, the 17th to the 28th, then again, it doesn't affect you. If it affects you, please go over there. Please migrate to the new wallet as soon as possible. Now, why didn't we tell you about this sooner? We're very exposed with this development team. Very exposed. You know, they're in control of the mempools and the explorers in the back office and the mining daily rewards, everything They're holding on to this kind of rewards. We're very, very, very exposed. And so I made the decision to keep this very quiet As I worked through, you know some of the riskier things to get us in a position where we could graduate, that's our word, where we could graduate, say goodbye to the team that was responsible for the exploit. And so, I made that call. So if you were in the web wallet and you had that affect you, and you said, well, Bobby could have told me on the 27th or the 28th, and I could have gotten my funds out of there, maybe, maybe not. Reach out, let's talk about it. But the point is that we did it a particular way, because what I'm charged with is making really great decisions for the good of our entire community and our project. And so, we fixed that exploit, we got rid of it, we rebuilt the wallet, we put the new wallet up there, and as soon as we got ourselves to a position where I was Feeling like we were not totally exposed. We fired the development team and we cut off all their access. And so When we cut off all their access, we had to shut everything down. And so I've been rebuilding everything that they've touched over the last couple of weeks. And so if you go to something like This is our incognito tab Which one did I share? Let's figure out which window I share. Share this window share there. So, if you went to the mine Website. It redirects you to a page that's dead If you go to MindTXC.com/admin. Then you'll get to the page where I am building, rebuilding, completely rebuilding. I guys, I don't want to pat myself on the back here too much. But this is the system that we spent years building and perfecting. I'm rebuilding it in days It's a big undertaking, I'm not trying to I'm not trying to oversell it here, but it's a lot of work, and I am the only one that can do it. I got a lot of great people on our team, and they're contributing stuff, but again, we're talking about things that affect us to the core, and so, unfortunately, I've got to be extremely careful with our trust and place it Only, and something that I'm willing to bet my life on Anyway, we use a magic link now to log in. So if you go to mind txc.com slash What is it? Slash something Oh, slash admin. Yeah, it'll get you the login page. Okay, I can stop sharing my screen, run over to my email real quick. And get where's my email? There's my email. There it is. Get the magic link. Refresh, there's my magic link. Grab this, copy the link address. Go back to the other browser, share my screen again with you This one This one No, not that one. Is it that one Sorry, guys. Usually I'm on multiple screens here. Makes the job a little easier Okay, it's not that one This one Share Maybe. Okay, so I should normally just be able to click on that link, but I want to bring it back to this browser and that'll sign me into my back office. Oh, it's the wrong email address. Okay. Sorry. Sorry, sorry, sorry. Bobby at Texit coin Let's try that one. Okay, stop sharing, go to my email. Why am I so protective of my email? Well, because they want it. They're not going to get it unless they work for it. Where did it go? Okay Got a new sign in here. There it is. Let's copy this link Bring it back over to the browser that we're sharing with you. Share Go over here. Go I think this is the right screen. Paste the link. There we go, and we are in. So there's my account. I'm number one in my book. Thank you very much. There's my hash power. Total seats, purchases, lifetime spend. Don't trust too much of this data yet. I'm still in the process Of bringing it all over. But what I need you to do is I need you to get Oh, we're going here and make sure that your wallet is completely updated. I've got my wallet in here somewhere. There are my reward wallets I am going to add a new wallet here. I'm going to say that I'm going to pay 100% of it out to this wallet. It's going to check the wallet address to make sure that I put in a good one That is an invalid tax point address. And this is really important because this is what I'm going to get a better night's sleep, wake up and finish complete for us so that we can actually start to receive our daily rewards again And so I froze the rewards when I shut down the old website Rewards aren't paying out. But what I need you to do before we can start paying out rewards, if you were using that web wallet, people are saying, well, hold on, this is… I was using the old web wallet. You're telling me that those wallets are compromised I like need to get into the new wallet, then I need to go into the back office and update my wallet in the back office. You can do that right now. So please spread the word, tell people to log into that MindTXC.com slash admin, get into that dashboard, update your wallet address, set up a new wallet Or if you've got a cold storage coin, even better. So long as that cold storage coin wasn't linked to the old web wallet So get a new web wallet set up, because today, the TXC rewards, and I'm talking about my today, Friday, June 5th, I was hoping to have it done by the 3rd, but we'll get it done today, because today those rewards are gonna start getting sent out again So it's game time. We've delayed long enough. I had a lot of work to do to rebuild this stuff It's very loud in here all of a sudden. had a lot of work to do to rebuild these things. I'm now far enough along with both that and Iskander. In fact, we're actually sending out Iskander rewards now. Congratulations, get those coins, get them to market, we're out of coins on the market. On BitMart But get them to market, and let's continue to have some fun with this stuff, because it is game time. And so look, you know, the reality of the situation is that this stuff is painful. It's extremely frustrating. We're gonna wrestle with it the entire time that we're involved in this project, we'll have some sort of digital risk that we're dealing with. The bright side is we now have the tools today, right now, where we can eliminate the possibility of bad actors in many of these things, and we've got AI tools that now will scan code that we're creating to find holes, to find security exploits to find, you know, backdoors and all that stuff before we push the code live. And so you know, good news right now is I'm the guy that's keeping an eye on all these things. The better news is that we've got a really good development pipeline that gives us the ability to scan these things with very powerful tools that look for every single security hole that we've got. And I think we're going to be much better moving forward. And it couldn't be better timing because we're finally building on our network. We finally have layer two projects that are building on our network. We don't want to see all that stuff ending disaster because we made a stupid mistake, or we had some leftover baggage from a year or two ago that we didn't even think about. And so all that stuff is getting replaced now It's getting built with tools that I'm building myself. I'm not the development guy. I don't want to do this stuff. I will do it if I have to. I'm very grateful that I know how to do this stuff so that we can not wander the desert deserts trying to find the one guy that's able to do this stuff and put all of our faith and trust into him or her And so it's a process, but it's coming to a completion point. And again, it's important enough that I wake up at two in the morning and share the story with you because it's a problem. And we got to acknowledge these problems head on As quickly as we can to do the best we can to protect ourselves from the consequences of things like this, that we're going to continue to come across Especially as we get bigger, especially as we get better, it'll just get more and more challenging for us. That's the universe pushing back at us and challenging how serious we really are about our ability and our desire to be successful And so that's what I'm dealing with this past week. It's kept me bleary-eyed and oh Almost around the clock. And it comes with everything else that we're dealing with, but we're making it, guys. We're making it. And, and I take my hat off to you for being patient and persevering along with me Thank you for that, and We got this. We got this. Sometimes it's easier than others. Sometimes we're high-fiving and I'm riding in airships or supercars, congratulating ourselves for being masters of the universe. Other times we're sitting here and feeling a little sheepish and stupid with our tail between our legs, apologizing about things that should have gone a different way and didn The reality is that we got to where we are today with transparency and we will continue to keep that as our guiding light moving into this digital, exciting, unknown future. And so that's pretty much it for my Tuesday slash Thursday call. I'm going to pull up some questions real quick to see if you guys have anything in here that's meaningful. I'm not going to go through every one of them. I don't do that anymore. Will the Txc. June 12th deadline to buy Txc to lock in our county going to be extended due to the recent technical issues? That's a good question. It's not really for me to answer. It's really more for the IDMC guys to answer. Remember, I hold a bit of sway over there, but I'm not the decider on everything. I think that it's probably a good idea because we've lost some time here in the last couple days. But the most important thing for IDMC is that it's moving forward. You know, we keep talking about rocket ships and trains and how difficult it is to get this you know, 10,000, 58,000 car freight train that's frozen on the tracks for 3 months, moving again. It's a monumental effort. And, you know. I think my opinion at this point is like, look, you have been hearing about it for a while. If you're with us, let's go. If you're not, it's all good. You're still getting your text coin reward. No love lost. You know, I told you day one I was going to ask you money for one time It's gonna ask you for money once. And now, all of a sudden you've got Iskander. Is Bobby going back on what he said about only asking for money once? And it's like, no, I don't think so. I think that we've accomplished a very amazing thing with Texacoin, and I think we've got something totally different with this candor, you know, a member-owned cooperative that's you know, dealing with legal challenges head-on through really great structure. I think it's different, and I don't think you have to do it if you don't want to. You're still going to be a text-owned minor if you don't. And so, so let's go. If you want to continue to help, you know, with building out the Honest Money ecosystem, as I'm calling it these days, then let's go. If you need a couple more days, all good. You know, let's get it done. Let's just get this thing to a point where we can move forward. Thanks for the update. I've been out with medical issues. Just tried to log in, blah, blah, blah, nothing there. Yes, that's right. Give it another day or two for me to get over some jet lag and be happy with the results. Are you able to create an ISK web wallet while back office is currently online? You sure can. Same answer, wallet.iskandercoin.com. Now So far as we know, the Iskander Wall was not affected in any way by the security exploit. But Good idea to scrap that one as well and replace it. And so we did that, and it's a great idea if you had a different wallet to migrate over, you probably don't have any coins in there. Maybe you do, because I think we did one payout. But please go over there, get a new wallet set up, and make sure you back up your keys, guys. We've got cold storage coins, that whole process is in development, but not ready yet. Went to the individual account data be back and available on my TXC. I'm hoping for Look, it's there now. Most of the data's there now. I don't know if you can get to it. I don't know why some people can and some people can't. MindTXC.com slash admin So that data is there, and I think, I'll be very comfortable getting rewards set up today. But I gotta get a couple emails out to give people some heads up. Mock Did we have many lose any coins? Our team got into it and all seems good. Yeah, you know, Mak, I didn't lose any, and I don't know anybody that lost any. So we might have gotten lucky on this one Hopefully, no one was affected by it, and whoever set up the back door didn't go back to check, and has still not gone back to check, so please migrate out of there. When will TXC payments restart? I'm hoping for today. I just got the Iskander ones going in the last 24 hours. They were working great. Remember, guys, this took us years to figure out before, and now I'm able to do it in a couple days, so go us. Will the text coin that was stolen be paid back? Again, I don't know of any that was stolen yet. Okay, if we use the Txc app, not the web wallet, do we need to re-enter the address in the new site? Yes Yes, please double-check to make sure you've got an address. If you're talking about Mind.txt, then no. If you're talking about Iskander, then yes, get your new wallet in there The Iskander coins that are not locked, but are getting paid out, and the wallet is not there. They just get escrowed, and you can download them as soon as you get in there Can Corey or someone do a video on the step-by-step process to fix our wallets? I think I did one But it's on my computer at home Not helpful. Is the web wallet and the TXC wallet app the same thing? No, totally different things. The TXC wallet app is available through Google Play or the iStore, iPhone store, Apple Store. I don't know. totally different. The web wallet is only accessible through a browser. So if you are only using the TXC wallet, totally unaffected. Thanks for the hard work. You're welcome. Just an idea, let's reward push today as you have planned. But wait a week to drop the last week to give web wallet people a chance to secure their wallet Yeah, look, you know, we go through this stuff with the government And Oh, we've got some like really, I think, good news from what we've learned over the last couple of weeks And They seem to be completely focused on this is a scam. And where'd the money go? Those two things are great. I'm not worried about either one of those two things because I know exactly where the money went and I know that it went to the correct places. And I know that this isn't a scam. And so therefore it's just a matter of time before they figure that out as well. But How do we know it's a scam? Well, we build the mine. We are very, very close to having Conroe updated. That's 800 new ASICs getting placed. I just got a picture from Kyle the other day with a container getting dropped in place. I think a new transformer was turned on today And we're very, very, very close to having that turned on. And if we can get that turned on before I sit down and put the SEC and I go, see, told you. And I've always told you guys from day one that if I don't follow through, I'm gonna go to jail. You know, I joked around about it, and now it's kind of like looking over my shoulders, like, are you really gonna do it? Well, we already did all the stuff that we needed to do in order for it to not be a scam, and now it's just a matter of time before we are able to prove that it's not a scam But one of the things that contributes to that, it's not a scam thing is that the daily rewards payout. through thick and thin, hell or high water, like, the daily rewards payout. So anytime we have to freeze those, people go, ha, I told you, I told you it was a scam. And we go, really? We can't take it offline administratively for four or five days to fix a security incident. Really? That's going to be the thing that you use to decide that this was a scam all along. The security expert well Bobby's probably lying about that and he's stolen coins probably went to his wallet I've heard them all. We even have a website dedicated to them. You know, it's really funny because half the questions we're getting in these depositions are from the troll websites. We're like, really? If that's where you guys are going for your facts, okay The sad part is it's still a waste of our time. And it's still a waste of our money. And those days might be coming to an end. Anyway So yes, we will hold off on the daily rewards until the screaming gets to a fever pitch and we go, okay, we'll send them. You can watch them get stockpiled right now in the wild. They're not going anywhere. I've been moving them out of the main web wallet into an escrow wallet To help keep them safe. And so we're working through it, guys. If someone did lose coins from the hack, will they be able to get those coins refunded or are they simply out of luck? I don't know of anyone that's lost coins and I'm not sure the answer to that question is yet. I'm not sure. You know, when we've dealt with stuff like this in the past, and we've talked about it, we've talked about sharing the loss as a community Now, sounds very communistic. And it's probably a bad idea. But let's say we lost 200,000 coins. Well, it's two days worth of mining output. You know, if we all eat two days worth of mining output, it really doesn't change much for any of us But if I have to give up 200,000 coins out of my stash, you know, it's 10% of my stash. That's a huge amount for me and it would be a small amount if we distributed that painful thing over our entire group. Well, it wasn't my fault. No, it wasn't. It was Bobby's fault. He should pay. Okay Well, what if it was 3 million coins What if it was 3 million coins? You want me to give up all of my coins and lose my incentive to keep working hard on this project? Well, no, no, no, we're not saying that. We don't want you to do that. Hold on. So what's fair? I don't know. I'm not going to speculate at 3:14 in the morning because at the moment right now, we don't know if Anyone that actually lost. So if we had cold storage corner in our back office, will it transfer the new back office, and we don't need to have worries? Yeah, that's right. It will transfer over. Just need to get the new wallet. You know you don't need to. Look. Well, let me pause for a second there. If you've got them paying out to the cold storage point and you never link the cold storage coin to the web wallet and you didn't log into the web wallet between the 17th and the 28th, you're fine. As far as we know, you're fine. Now, should you keep on the cold storage wallet what you really want to preserve long term and then link to the web wallet the things that you want to actively move around, spend, trade, buy, sell. Yes So, it was really foolish of me to have my 2 million coins linked to the web wallet. Really foolish. That was dumb I'm just so grateful that it didn't result in me coming back and being like, remember all those times I told you to keep your coins offline? Well, I didn't And I lost everything. Luckily, that did not happen to me. So again. Look at this scenario. If you're just on cold storage, totally fine. If you're just on the TXC wallet app, totally fine. If you have used the web wallet from the 17th to the 28th And he logged in, and you unlocked your password, or unlocked your keys, then it affects you. Hopefully, you've already gone to wallet.texaccoin.org, and you've… from that same computer, and then you followed the migration process over to the new wallet. It's going to sweep everything out of those coins and put them on your new wallet. Then we should get together, and we should have a full security review, like a security sweep. I've built a lot of really cool stuff for us. In fact, one of the things that's changed for me in the last couple of days with my efforts is I had to build an Ethereum wallet. I had to build an EVM wallet. I built, something called EVM-Wallet. Hold on, let me pull it up here. What is the correct this one? Share, there we go. I built EVM-wallet.texcoin.org, a self-custody wallet that lives in your browser. There's a lot of different versions of this out there. You can go to myether wallet And hope that you get the right link there. This is what I used to use when I wanted to deal with Ethereum, kind of the hard way. You can connect a wallet here, you can use their apps. You can or sorry, you can connect with a wallet here. You can use a ledger, Trezor. What I normally do is just my private key, and it's like, no, no, no, no, this is not a good idea at all. And I'm like, yep, skip that screen. And so I built an Ethereum wallet because I got a ledger And I needed to get something off the ledger. The ledger software doesn't give me. You know, with the Ledger Live app that comes with the Ledger, you can't do what I needed to do. I needed to get my HD wallet XPub So that when I build out the new website for Iskander enrollments, we can have everything collected automatically to a single address. We didn't have that before. We had 19,000 Ethereum addresses in the old system. We had to manually scrape all of that old system money into a single account. A lot of work. A lot of work and a lot of risk. And so we build it better. Well, I had to build it myself. And so, you know, I'm doing a lot of that these days, and I'm very happy with what I'm putting together. So let's… let's set aside some time to do, like, a full security review, and I'll… I'll share with you my best practices, you know, my suggestions on security. Obviously, I'm not A really great guy with all the answers. If I'm linking my cold storage wallet to a web wallet and exposing everything, I did that for a particular reason. I shouldn't have left it there. I should have moved everything off of there and then put it somewhere else. So, my bad. But it's always a good idea to go through and kind of do a fire drill. You know, imagine that somebody smashed your ledger. Could you recover it? Do you have the 12 or 24 words? Do you have the recovery key? Do you have a live backup somewhere? You know, I bought a ledger, set it up, put a little bit on there, and then I got a second one brand new took it out of the box, and I tried to restore to the second one. I did it. Okay, well, I don't really recommend using the first one until you're sure that you're able to restore it onto a second And so again, we should go through kind of a security best practices call at some point and make sure that we're all on the same page about how to get through this stuff. Can you tell us the process on how to create the web wallet? Ben, I think we got a couple of videos out there for it now. I'm not the right guy at 319 in the morning to go through it, especially because I'd have to wipe the one that's on my browser now, which I don't want to do Let me see if I can give you a quick tutorial. wallet that is candor coin. No, let's open a new window Cognito I guess I'll have to share my cognito window with you instead stop And then share and Cognito. Yes. Wallet.textacoin.org. Okay, so to create your web wallet, just the real quick tutorial. You can play this back later once you get the recording. Everything's done with these 12 word seed your seed phrase. And this is kind of like the magic 12 words that you need. Click on the view button here so you can see the seed phrase, and then copy it. You know, you can write these words down, you could screenshot this, you know, but that gives you some more digital risk You can do a bunch of different things, but really you want to take this offline if you can. Write down these words, take them offline, copy them, put the checkbox in here, put a password in Create the wallet And it'll automatically download the backup for you. So let's save the backup. So as long as you have your password and that backup phrase Then you're good to go. Now, remember that backup phrase is like gibberish. you know it's You got this Backup phrase here. Let me open it up for you. And I'll show you what this backup phrase looks like So you can see that it's kind of just meaningless text gives you this salt, I'm not sure what the salt is, but here's my backup wallet. And so I can go back into my wallet now And I can lock it. I can wipe it Say, okay, wipe it. Well, now I'm back to the beginning Back to the beginning. Hopefully, I wiped the right one Did I wipe the right one? I think I did. Hopefully I did. And I can go, okay, well, let's restore. Let me find this backup file there. There it is. Let me put in my password. Restore it, and there we go right back to where I started. And so that's a really important process. You know, like I said, before you do anything real meaningful Let's send a small transaction Pull up my TXC wallet app on my phone. Grab a wallet, hit the send button, scan the QR code, send 10 TXC next Confirm it. What does it say? done. Okay. Go into my history here. No transactions yet. Give it a couple seconds, click off, click over, click back to history. Where is it? Let's go. Trying to do a call here Come back in just a second when it shows up in our transaction history. Thanks for being used, says Mike. Mike, you're welcome. Teresa says, if we never did a web wallet, is there anything? Nope. Ken, myself, and several others lost all coins. Ken, send a message. Bobby, you are what they call in Yiddish as a mensch. I don't know what that means. Great walkthrough history. Thanks for all your efforts. You're welcome. Robert says, can you add a column showing all time LTC Doge coins mined from our network? I think it would be a good thing to be able to point. That's a good idea. I don't control that code. But I do like that idea. I'll see if I can get our developer to build that. We do have the source code for it now, though. Do we need Txc and Isk in the new back office? No. No, this is just for Txc, and in fact, we're splitting the 2 as they should have been all along. Alright, let me share my screen again, see if we got that test transaction to show up yet. There it is Click on that transaction, it'll take you over to the mempool and show you what's going on. It's in the process of receiving. Okay, so let's lock our wallet, let's wipe it again. And let's go through and try to do that restore process. So we go to wallet.texcoin.org and it thinks we're here for the first time because we wiped the account. Watch out for that wipe the account button. So we click on restore, we pick our file. There's the TXC wallet. We put in our backup phrase. Let's put it in wrong Just to see what happens. Wrong passphrase or corrupt backup file. Okay, well, that's not good, but let's try the password again. Passwords are case sensitive. There we go, worked. And there is the 10 Txc that was sent that's still pending. We can still see it here. It's probably sitting there In the Block Explorer. You know what I looked at the other day? I looked at Litecoin in the Block Explorer Now there's our 10 Txc. Let me see if I can find light cool Litecoin Okay. I accept. Which one of these says accept? Accept or enter See if this is it. Look at how underused the Litecoin network is 90 transactions, 61 transactions, 119 transactions I mean, just tiny utilization here. We're seeing the same thing right now with Texacoin, but we've got a team and a group that's interested in building on Texacoin. What does Litecoin have? They don't have what we have. Here we come, top 20. Let's go. All right. A couple other questions popped up here. Just try to add my txc app address to the new dashboard and it would not let me add it. Stephanie, do you have a error? Can't help you there without an error. I'm no longer receiving TXC. It stopped a week ago. Do you know when it starts again? Welcome to the party, iPhone user. Bobby, we know you got this, brother. Thanks for sticking with us. You're welcome, guys. Okay, that's all we got in the questions. If you've got a tech support problem, reach out to our team of lovely tech support people. Guys, we're in this together. We're learning about digital risk together. We're overcoming these challenges together. I've asked you guys from day one, hold me accountable and watch my back. Okay, I can't do this stuff without you. I need a lot of good people to help To come up with ideas, how to overcome these things to create videos and resources and training and education materials so that other people aren't affected by this stuff. We're gonna get tripped up from time to time. We're gonna fall down flat on our face from time to time. The question is not whether or not if that'll happen Question is always, what are we going to do when that happens? We're gonna get up, we're gonna dust ourselves off, and we're gonna get back to doing what we do best, which is honest money. I'm Bobby Gray. It's 3.26 AM here in Amsterdam, as I make my way across The continent from the bottom right side, the far southeast side in Singapore through Bangkok, through Istanbul, now into Eastern Europe, sorry, Western Europe where I will meet up with our friends at the sec. In less than a week's time and share with them all the things that they may have missed. Look them in the eye, and let them know that this is not the project for them. There are plenty of other scams out there. There are plenty of other terrible things out there in the world. There are plenty of other low-hanging fruits for them to go after. Texcoin is not for them. It's for you and me. It's for individuals They want to have a