Building Real Utility: StreamTXC, CryptoPop, and TXC's Path Forward

Bobby Gray: There we go. Good morning, everyone! Bobby Gray here, joining you live on…

Bobby Gray: the 18th of June, 2026, from Singapore, the, beautiful city in a garden, as they call it. Some of you got to see Singapore last year for the

Bobby Gray: Token 2049 event and, the Formula 1 race that goes on here, every year, but thank you very much for tuning in wherever you are. Let's begin. June 18th is an interesting day in my world. 21 years ago today.

Bobby Gray: My wife and I were saying some stuff to each other, like… We should have a baby. We should have a, like, a girl.

Bobby Gray: And we should call her Samantha.

Bobby Gray: Today is my daughter's birthday, and it's, it's a bittersweet day for me, because, man, we've waited a long time for 21.

Bobby Gray: Waited a long time.

Bobby Gray: And I'm not there for her. I,

Bobby Gray: I'm not there for… for this moment. Now, Samantha's not a big drinker, you know?

Bobby Gray: I got that out of the way, like, when I was young. I didn't drink at all when I was…

Bobby Gray: really young, and then I got most of my drinking done from, like, 17 to 20. Nothing went wrong, you know, no horror stories.

Bobby Gray: Fortunately, but by the time I was 21, I was kind of largely done with drinking. I think the same can be said for Samantha.

Bobby Gray: And so, if I was there in the U.S. right now, in Dallas, Texas, I would be giving my daughter a hug, and she'd be saying things to me like, Dad, my birthday's not for another 5 hours. Be like, good point.

Bobby Gray: But…

Bobby Gray: if it was the 21st, or sorry, the 18th of June in Texas, and I was there, I would… I would grab my daughter, and I would tell her I love her, and I would tell her I missed her, and I would tell her happy birthday. So this is my… my birthday wish to Samantha, to start off our call.

Bobby Gray: And, and I wish I was there.

Bobby Gray: I really do wish I was there. Let's talk about that for a few moments. So, I did have the good fortune of connecting with my wife.

Bobby Gray: For the last couple weeks, we just said goodbye to each other on… last Friday. Last Friday, we said goodbye in London. I jumped on a plane and went back to Singapore, she jumped on a plane and went back to Dallas the next day, and we went back to kind of our normal routines.

Bobby Gray: And, of course, parting is such sweet sorrow.

Bobby Gray: And… I was in the hotel room, like, grabbing my bag, getting ready to go to the door.

Bobby Gray: And I said, you know.

Bobby Gray: To myself, so maybe I should go to the airport and just change my flight.

Bobby Gray: And jump on a plane, that's pointed west, and go back to the U.S,

Bobby Gray: And be there for my daughter, you know?

Bobby Gray: We talked… I don't know, yesterday, two days ago, about… about how…

Bobby Gray: you know, why are we doing all this? Well, we're doing it to make money, we're doing it to make some friends, and we're doing it to, you know, bring a community of people together.

Bobby Gray: Well, what kind of community of people could be more valuable and important than family, you know?

Bobby Gray: wife, your daughter, your son. Now, my son lives in, New York.

Bobby Gray: he's doing his own thing, he's on a path, he's, happy with his life, and I couldn't be happier for him. He's actually in Alaska right now on some sort of, like, summer retreat.

Bobby Gray: My daughter's really been the one that's… that's been kind of the mini-me through this experience and previous experiences.

Bobby Gray: You know, sometimes the bees like that. And…

Bobby Gray: So I was in the hotel room, and I said, you know, maybe I… maybe I should just change my flight.

Bobby Gray: And do one of those, like, random great dad things, and show up there and surprise her.

Bobby Gray: And I said.

Bobby Gray: I can't do it. I just can't do it. There's a lot of reasons, but the number one reason is because I believe in my heart of hearts that I am

Bobby Gray: most well-equipped to help us through the challenging time that we're going through right now by being exactly where I am today. Now, it's coincidental that all of this began…

Bobby Gray: 4 months and 7 days ago, when I was in Hong Kong.

Bobby Gray: I wasn't in the U.S. when all this went down. So, when you hear people say, Bobby ran, you go, well, he didn't run very far.

Bobby Gray: Cause he was in Hong Kong.

Bobby Gray: as I understand, when he got a phone call from, you know, the TSSB, and they said, check your email, bro.

Bobby Gray: But I do believe, in my… in my heart of hearts, that I am… I am doing…

Bobby Gray: Exactly what this project and our community needs.

Bobby Gray: to give us… the greatest likelihood of success. Now, you could say.

Bobby Gray: Well, hold on for a second there, bro, I thought you weren't that important for the project, I thought this was a…

Bobby Gray: community project that could go on surviving just fine without you? Isn't that what you testified about, Mr. Gray? And I would say, yeah.

Bobby Gray: I think that that is true, but there's a old law that says, strike the shepherd and the sheep shall scatter.

Bobby Gray: Doesn't mean you guys are sheep, or I'm a shepherd.

Bobby Gray: It just means that when a project is young, in its infancy, it needs a falafel. It needs a fearless leader to, you know, kind of set the moral compass for the project, keep it pointed in the right direction, and be there as our, you know, top cheerleader.

Bobby Gray: to help us get through challenging times. Some point, someday, it is my hope, our hope, that this thing blossoms into such a giant community that Satoshi Nakamoto, or, you know, founder and fearless leader here.

Bobby Gray: Could sail off into the sunset, and the project could do bigger and better things than it was even destined for already, with more and more great people from all over the world.

Bobby Gray: But as we're young, as we're getting started, as we're working through kinks, as we're… as we're still figuring things out.

Bobby Gray: I play a pretty important role.

Bobby Gray: And so… The role is really, you know, two primary things for the geographic location evaluation.

Bobby Gray: One is it's quiet.

Bobby Gray: And I don't know if you can see how peaceful it is in the background of where I am, but this is what I wake up to every single day. I wake up to…

Bobby Gray: A beautiful sunrise, I wake up to,

Bobby Gray: me and my own thoughts. And before.

Bobby Gray: It was family, and then it was a buzzing office full of people coming and going, and a million exciting things happening all at once.

Bobby Gray: And it's very distracting. It's, you know, they say, like, if you're sitting there at your computer and you take a break or a phone call, it takes you 15 minutes to get back to where you were before. And so, if you got, you know, 5, 6, 10 distractions a day, burns up, you know.

Bobby Gray: a couple hours a day. And so, from a productivity standpoint.

Bobby Gray: I'm really, really happy with where I am. Now, I could have locked myself in a room back in the USA, but of course, as you know, there's the second part to the geographic selection.

Bobby Gray: And that second part is kind of two things. One is…

Bobby Gray: there's a cease and desist order in Texas right now.

Bobby Gray: And when I went through my legal stuff back in 2013, it went sideways because I was accused of violating a temporary restraining order.

Bobby Gray: We had this… Big,

Bobby Gray: you know, series of accusations go down. I won't get into the merits or the,

Bobby Gray: potential of them to be true or untrue right now. You can look through the court documents if you want.

Bobby Gray: But we were accused of stealing a bunch of silver.

Bobby Gray: And we had some problems, in all fairness, and we made some mistakes. But we went to our vendor and we said, hey, we've got some problems, we made some mistakes, we need some time. Can you give us a little bit of time here? They ransacked our facility and filed a,

Bobby Gray: application for an injunction in Texas court, and they got a temporary restraining order. Now, the judge was very fair. They said, look, calm down, we don't know any facts.

Bobby Gray: We don't know who this guy is, he's a Texan, he's a business owner, he's got employees. Let's just set the temporary restraining order to apply to this little teeny tiny thing right here. Fine. I put out a post.

Bobby Gray: on social media saying, Mulligan is now producing paradigms. They printed out… the opposing counsel printed out that post, went to the judge, said that we were violating the restraining order, there was no court hearing, and boom, I'm on my way to bankruptcy. That was it. It was that simple.

Bobby Gray: And so, we have a cease and desist in Texas, and so it is really important to me

Bobby Gray: To steer clear of Texas. To steer clear of getting myself in a position again where I could be accused of violating a court order. That's kind of what this thing is.

Bobby Gray: I was able to get the website updated, since we last talked in the legal updates section, to actually get that

Bobby Gray: the cease and desist original thing linked there, or relink there, I'm not really sure what happened to it, but if you click on that, it'll pull up the cease and desist that we're going through in Texas, and it'll show you the four things that we are very specifically not

Bobby Gray: Allowed to do by Texas law.

Bobby Gray: Sayeth the judge, Administrative Law Judge.

Bobby Gray: We'll give that a second to load. It's pulling it out of IPFS, the Interplanetary File System. It's not very fast on first load. This is the first time I've clicked on it. Once you click on something, it loads it into the Interplanetary File System, kind of like cache system.

Bobby Gray: Where it's, you know, a known document, but at the moment, right now, this is the first time I've clicked on it.

Bobby Gray: And so, we will give it just a moment to find itself, and come back to that. But…

Bobby Gray: Long story short, as I babble on here, is… We've got legal issues.

Bobby Gray: in Texas, and we've got legal issues kind of developing, or, you know, being examined, we'll say.

Bobby Gray: In the US. And so, by not being in the United States, it puts me in an extremely advantageous position legally.

Bobby Gray: We talked about that on Sunday night, when I gave you guys the SEC brain dump, and of course, all of that stuff.

Bobby Gray: Has been archived, we don't have our…

Bobby Gray: video up yet, but if you go over to the link at the top of the page here, you'll get over to Zoom page, Live Zoom Updates, which is where this call will go when it is done, and there is our…

Bobby Gray: SEC Update with Bobby. So if you click on that, it takes you over to the SEC Update page and video. You can get an AI-generated summary of our meeting in London, and then the full transcript. This is really important because

Bobby Gray: you know, we've always been saving these recordings, we've been publishing them to various places, nobody really ever knows where they are.

Bobby Gray: And, when we don't publish those things to our main website.

Bobby Gray: they're not able to get correctly indexed by the bots and the AI, you know, search

Bobby Gray: engines and all that stuff. And so, all of these things that we talk about, the hundreds of calls that we've had, probably the thousands of hours that we've accumulated directly working with each other, talking about everything, the good, the bad, the things we…

Bobby Gray: Shouldn't have said the things that we said correctly.

Bobby Gray: It's all out there, permanently recorded, but if it's not organized correctly in a place where

Bobby Gray: an AI bot or a search engine could associate with TEXITcoin.

Bobby Gray: then unfortunately, it's not able to work to our advantage. And that's a really big deal now, because SEO, search engine optimization.

Bobby Gray: Over the last, like, 10, 20 years, it was all about, like.

Bobby Gray: Your website, how many times you said the word, like.

Bobby Gray: air freshener, how many times, you know, the image popped up the right way, like, that's not how SEO works anymore. SEO now is…

Bobby Gray: much more AI-driven. So AI is going out there, it's checking backlinks, it's reading articles from competitors, it's reading articles from trolls, you know, it takes it all and it puts it all together. And if it doesn't find anything from our site.

Bobby Gray: it's got nothing to kind of fact-check that information against and decide what is the truth. Scary thing, but it's an interesting process, and…

Bobby Gray: We are still waiting for this document to load. Why are you not loading this document? Honest.

Bobby Gray: My keyboard not working now? No, my keyboard's not working. Come on, keyboard.

Bobby Gray: Okay, give us another few moments.

Bobby Gray: There it is. Okay. So, anyway, back to this document. There it is. There's the emergency cease and desist order that is served up through IPFS.honest.money. That's our IPFS gateway. Scroll down.

Bobby Gray: and you get to the order. Order that respondents cease and desist from offering for sale any security in Texas, respondents cease and desist.

Bobby Gray: Acting as securities, dealers, agents, investment advisor, investment advisor representatives. Cease and desist from engaging in fraud, easy enough. Cease and desist in offering securities in Texas.

Bobby Gray: Through an offer containing a statement that is material, misleading, or otherwise likely to deceive the public. We're not sure where any of this comes from.

Bobby Gray: Let me just say that in the beginning. You know, we know now through our legal homework that this is in there as a fraud allegation

Bobby Gray: exclusively… Related to… Not telling people about…

Bobby Gray: My bankruptcy back in the day.

Bobby Gray: Which is really weird.

Bobby Gray: There it is. Fraud and concealment. Concealment! I went out of my way to conceal to mulligan bankruptcy. I don't remember…

Bobby Gray: I can't understand how they could say that, but there it is. Anyway…

Bobby Gray: So, we've got TSSB issues, we've got SEC issues, and it has been really, really, really advantageous for me to not be in the U.S.

Bobby Gray: Couple things again. Number one is when, we met with the SEC in London last week, it wasn't a formal deposition, it was an interview.

Bobby Gray: They're out of their jurisdiction, you know, so we had to play by a little bit of a different set of rules. I was still sworn in, it was still recorded, it was still on the record, but it wasn't an official deposition, and I had the ability to refuse to answer any question I didn't want to answer that only happened a couple times, and it wasn't in relation to anything

Bobby Gray: About our stuff, it was, like, technical law stuff.

Bobby Gray: And I'm not sitting here afraid that someone's gonna, like, kick the door in at any moment, come arrest me and haul me off to jail. Now, you would be saying to yourself, well, why would someone arrest you and haul you off to jail? Good question.

Bobby Gray: And so the answer to that is, like, kind of interesting. One is…

Bobby Gray: I always have a couple… an orderly outline of, information. So.

Bobby Gray: The first part of that is, this is not a criminal thing. We're not going through a criminal thing. We feel, we feel like… and we're in big trouble. The reality is, maybe we are, but it's not criminal. There's civil, and there's criminal. Two totally different things.

Bobby Gray: And so this is a civil investigation

Bobby Gray: Right now, that's it. It's not criminal. Could it become criminal? If, in the course of them going through their civil investigation, and they find real crimes, they find real fraud, they find real theft, they find real things, they would refer that over to the District of Justice, who would then come and kick in the doors, arrest me, haul me off, and…

Bobby Gray: You know, put me in a cell somewhere.

Bobby Gray: That hasn't happened. Now, has that not happened because there is no fraud, there is no theft, there is no real crime, or because I'm over here on the other side of the world, and it would take them a little bit more work to kick in the doors, arrest me, extradite me, and haul me off? I don't know.

Bobby Gray: I say I don't know. I know that there's no fraud. You know that there's no fraud. They are finding out slowly but surely through their depositions and through their discovery that there's no fraud.

Bobby Gray: And that's good, that works really well for us. And it should keep them from kicking in the doors, whether it's on that side of the planet or this side. But,

Bobby Gray: But the idea of being able to work every day, relentlessly, without interruption, without distraction, and without the fear of something like that happening, has been really good for us. It's been really good for us because we've gotten a lot done. Now, I say we, and it is literally we.

Bobby Gray: It's not just me, it's a community of really great people that are contributing to,

Bobby Gray: this work that we're doing and the direction that we're going. And I want to take a look at some of those creations again today, because, because they really matter for the long term. And so, as we get into that, I want to preface it by…

Bobby Gray: Talking first about our market.

Bobby Gray: Because a lot of people are looking at this thing, and they're saying, when Lambo, bro? When Lambo?

Bobby Gray: You know, that's one of the fun things, moon, blah blah blah, I don't know what all the terms are these days. What are your favorite crypto aspirational terms? Aspirational, get used to that word, you'll hear that word a lot.

Bobby Gray: as we get into a better and deeper understanding of the SEC, their guidelines, and the crypto space in general. We've embraced ecosystem in a big way.

Bobby Gray: get used to aspirational. What does that mean? Why is it so important? Well, because when we say things like win Lambo, and sit back and enjoy the ride, and to the moon, and all these other things.

Bobby Gray: You know, one person could look at them and they could say, well, you're making, Futurist, forward-looking statements.

Bobby Gray: You know, you're making a prediction, you're telling people that this thing is gonna go to $10,000 a coin.

Bobby Gray: Versus other people that look at that and say, come on, bro, we say win Lambo. It doesn't mean anything guaranteed, it means we're hoping that this thing is going to pop, this thing is going to go up in value, we're hoping this thing is going to become more valuable in time.

Bobby Gray: But, we have to be careful, because, again, we're learning that these things have definitions. The definitions are highly,

Bobby Gray: You know, contestable and important, in… the legal realm.

Bobby Gray: And so, when we say, when Lambo or to the moon, we're not making a prediction, we're not putting an offer in writing for a guaranteed result. We're talking in exciting and aspirational terms about what we hope

Bobby Gray: Will happen in the future.

Bobby Gray: And so, like I said, get used to that word.

Bobby Gray: But we talk about that. You know, we've written about that. We've gotten into this project specifically because of that.

Bobby Gray: What does that mean? It means we started out on this journey of ours to do a bunch of stuff. We wanted to learn about crypto, we wanted to develop an alternative currency that scales, we wanted to bring people together, we wanted to have a great time. We've done all of those things.

Bobby Gray: But we went through our first market cycle, and the market turned around $6.50, $7. We were partying it up in Asia, Thailand, Singapore, when that happened.

Bobby Gray: We had just launched on MEXC, interestingly enough, we have just been pulled from MEXC because our market cycle turned, and they've got a rule that says if your price is down more than 10%,

Bobby Gray: from your initial launch price, we could pull you off the platform. Holy crap, 10%? Really? That's a pretty small drop to get pulled off a platform, okay?

Bobby Gray: And so, we went through our first market cycle.

Bobby Gray: And, you know, it's kind of a double-edged sword there as well. On one hand, you get to look at it and go, wow, well, that was exciting, and on the other hand, you look at it and you go, oh, man.

Bobby Gray: We're fallen crypto winter is coming to Texas. Where's the bottom? When is this thing gonna turn? What is it gonna take to turn back the other way? Is it dead completely?

Bobby Gray: And, you know, when we first started going through it, we looked at it and said, guys, settle down. Bitcoin's gone through this.

Bobby Gray: 20 times in its history. This is our first one. We should applaud the fact that we went through a cycle.

Bobby Gray: It's hard to do that when you're going through it. It's hard to do it when you're closing out those tabs on the browser.

Bobby Gray: That, you know, were full of your hopes and dreams for…

Bobby Gray: you know, our bright future. Well, I want you to stick a pin in that. I want you to not let go

Bobby Gray: Of those hopes. You know, as we learned from the Shawshank Redemption, hope is a good thing, it's maybe the best of things, but it's a dangerous thing as well. You get your hopes up, you feel let down, and then you're mad.

Bobby Gray: And so, you know, I talk about,

Bobby Gray: one of my favorite quotes from Michael J. Fox, which is… With gratitude.

Bobby Gray: optimism is sustainable. My man Jim Carrey even made me a poster for my home that hangs right by my coffee station, with that very same quote on it, because I think it means so much.

Bobby Gray: for our project. You know, we did great stuff, we accomplished all of our major goals, we're not done yet.

Bobby Gray: But if we stop for a moment and we reflect on what we accomplished together, the good that we did, and we are grateful for

Bobby Gray: You know, that opportunity that, that, created, you know, that abundance for us.

Bobby Gray: That we still have the ability to enjoy.

Bobby Gray: then we can be optimistic about the future without being delusional. You know, if everything crashed, I was arrested in jail, it'd be real hard to look at this thing and be excited about it. Those things aren't true.

Bobby Gray: And in a moment, we'll get into some of the stuff that I've been working on to talk about the plan for real long-term

Bobby Gray: Value appreciation.

Bobby Gray: And so…

Bobby Gray: Let's get into that. If I have any questions, do we have any questions about what I've covered so far? Normally, we do questions at the end, and I…

Bobby Gray: Happy birthday, Samantha. Yes, happy birthday, yes, thank you for those kind birthday wishes. Samantha's been a really, really great,

Bobby Gray: great…

Bobby Gray: contributor to this project. And I hate to say that, because it has landed Samantha with a big, fat series of subpoenas.

Bobby Gray: You know, Samantha was first money in?

Bobby Gray: Samantha was really important with, going out there and helping our Florida teams.

Bobby Gray: get found and activated. Samantha has given speeches. Samantha has made videos talking about her personal life-saving experience with TEXITcoin.

Bobby Gray: And so she's been great, and as a thank you for that, she's got a subpoena from the SEC. I don't know if she's gonna have to testify, but but that's my little birthday present to my… to my 20-year-old… 21-year-old Samantha.

Bobby Gray: Great job. Yes, Bobby, trying to log into my account with no luck. Sorry to hear that, Sergio. We'll come back to that in a minute. This is not a tech support phone call. Remember, we've got help.honest.money.

Bobby Gray: is…

Bobby Gray: Is where you would go to submit that, and we will look into it. I got people talking about federal charges here, unlicensed, blah blah blah blah blah, not a legal phone call, can we get listed on BitMart US? Good question.

Bobby Gray: Good question. Let's send a message to my Bitmark guy and see.

Bobby Gray: Hey, man.

Bobby Gray: Is it possible… to get listed on Bitmark.us? Question mark. Okay, we'll see what happens there. Anyway, so…

Bobby Gray: the market's still here, it's still alive. It's very, very low today. It's obnoxiously low. Why? If you go through and you add up just our assets, just the things that we still have to our name, it exceeds our market value. It's one of those, like, places where the…

Bobby Gray: You know, the,

Bobby Gray: The hedge funds and the vultures of capitalism would be like, oh my gosh, we should go in, buy up all their stock.

Bobby Gray: shop up the company, sell it off piece by piece, and we'll come out ahead. You know, that's where our market value is today. It's intentional. It's intentional.

Bobby Gray: it's intentional to the extent that I'm not actively doing anything to prevent the market from letting it be wherever it wants to be right now. That's not to say that I control the market, but it is to say that I do control a bunch

Bobby Gray: A bunch of money, resources, that we could use to go out and hire influencers and pump, pump, pump!

Bobby Gray: Do it! Why, Bobby? Why? We're sitting here, we want to sell some of these coins. Look.

Bobby Gray: I didn't develop this project for you to get rich. I understand that maybe you've got something going on in your world, and you need some cash, and you've got a bunch of techs coin, and you'd love to sell them at…

Bobby Gray: $2, or $8, or $200, or whatever right now.

Bobby Gray: That's not what this project is about. This project was never supposed to be a quick buck, a get-rich-quick scheme. I said that from day one, and you might be looking and saying, yeah, okay, well, it's been 6 months. I'm coming up on a year. A year isn't quick. I say, I understand.

Bobby Gray: We're working through a lot of stuff right now.

Bobby Gray: And we're in the process of beginning to plan our

Bobby Gray: emergence from the things that we're going through today. What does that mean? It means that we're expecting to win, and we're expecting to get through our legal challenges in Texas, and we're expecting the SEC thing to not,

Bobby Gray: devolve into an actual lawsuit. Right now, it's an investigation.

Bobby Gray: the next step would be they conclude their investigation, they go, okay, we're going to issue you a Wells notice. Wells notice is their formal

Bobby Gray: intent to file a suit, we get to respond to that, and then there would not be an actual suit. Okay, BitMart has written back and said, hey, Bobby, yeah, it's possible. Here are some criteria. Number one, the project needs to be in the top 200 on CoinMarketCap, CoinGecko.

Bobby Gray: And the listing fee? You ready for this one? Oh my gosh, the listing fee is $300,000!

Bobby Gray: Holy crap!

Bobby Gray: When do you plan to list, and which project are you looking at listing into Bitmart US? Well, Texitcoin, TXC, and we are not quite ready for top 200…

Bobby Gray: slash 300K listing fee… Yet.

Bobby Gray: So there you have it. That's the cost to get on a Bitmart US.

Bobby Gray: Bobby, what's the plan to get into the top 200? You said top 100,

Bobby Gray: Top 200 would be great. Would be really great. Hey, how about top 1,000 at this point? Where are we at? Okay, so, a bunch of things. First of all, we got onto the CoinMarketCap verified list, which was really important. That takes us out of the pink sheets and puts us onto, kind of, the official

Bobby Gray: CoinMarketCap is tracking us and has verified enough of our information to know that this thing is not just, you know, falsely represented as being something. Now, the value's very, very low right now, but that's kind of what we want. We want it to be real, true, and honest.

Bobby Gray: So that as the market, the crypto market, looks at us, they go, yeah, this is a real project, and, you know, it's cheap right now, but we look at projects that are 000127.

Bobby Gray: And so.

Bobby Gray: By getting CoinMarketCap verified, and that was not easy or cheap, but it did happen a couple months ago.

Bobby Gray: we now give ourselves the ability to catapult our way up into the top, you know, the top 1,000, the top 200, the top 100. If we were not verified, we would have never been

Bobby Gray: Able to get into the top.

Bobby Gray: So it's a big step in the right direction. One of many, many, many big steps from the last couple months. And so, that's kind of one of the first things that has to happen

Bobby Gray: Before we start planning for our next cycle.

Bobby Gray: The second thing is that we need to, have a plan that takes all the good stuff that we've done, all the good news that's coming our way, and turn that into positive PR and marketing. We've always struggled with social media. We had a great Instagram account going. That got flagged and shut down and completely deleted. Government's like, yo, bro, why'd you delete your Instagram account? And I go.

Bobby Gray: I didn't do it. Talk to your friends over at Meta and figure out what happened to our Instagram account, because we'd love to have it back.

Bobby Gray: But…

Bobby Gray: Be that as it may, we need a plan, because when we overcome these hurdles that are in our lives and path right now, we want to pop.

Bobby Gray: And we don't want that pump to be based on pump, influencers. We have rules that, say we can't do that. Obviously, if influencers do that on their own, they're not paid or compensated by us to do that, then,

Bobby Gray: So… we…

Bobby Gray: won't be the ones that are writing the check for that to happen. That's an important rule for us. If it happens on its own, it happens on its own. Hopefully it happens as a byproduct of the good work that we do. Somebody sees it, they like it, they take it, they promote it, and voila, the market does what the market wants to do.

Bobby Gray: We have a different plan. I say we, I mean I and the team that helps me on a regular basis. What is the plan? The plan is to create utility.

Bobby Gray: So, when you're talking about a crypto project, you've got, like, two versions of it. You've got the, hey, we created this meme coin, we're gonna hand it off to this girl who was viral on TikTok for about 10 seconds, and we're gonna get her to pump, pump, pump on her podcast, which happens to be, like, the third most popular one on planet Earth.

Bobby Gray: None of that sense… makes any sense whatsoever to me, but this is the world we live in today.

Bobby Gray: And so, that's path A.

Bobby Gray: That's… that's strategy number one.

Bobby Gray: What that means is that that's what almost everybody does. They create a worthless coin, they cook up a million, billion, trillion of them out of thin air. The more, the merrier. They give them out to friends, family, coworkers, relatives, they pump, they make some sort of…

Bobby Gray: viral campaign, they do some sort of publicity stunt, they go streaking at the World Cup, whatever it is.

Bobby Gray: They're looking for a very brief moment of opportunity to get into the spotlight, watch those coins go up 58,000x, sell them on the market, get rich, and disappear.

Bobby Gray: That's the plan.

Bobby Gray: That's what the crypto industry has as its plan For fame and fortune.

Bobby Gray: That's what everyone else does, almost everyone else does. Now, there are a couple people, a couple projects, that don't do it that way. TEXITcoin, of course, being one of them.

Bobby Gray: What's our plan? Our plan is utility.

Bobby Gray: The only thing that I have written.

Bobby Gray: All my notes for today.

Bobby Gray: Our plan is utility. Okay, let's talk about what that means.

Bobby Gray: We have built a public network.

Bobby Gray: As of the last couple days or weeks, it is 100% open, it is 100% permissionless, anybody can use it. It's mostly been that way since day one. Anyone can download a wallet, anyone can look at the block explorers and the mempools, it's open. Anyone can participate.

Bobby Gray: What's changed in the last week or two is that now it's 100% permissionless, as we've come to define it.

Bobby Gray: It means that anybody can spin up a node, anybody can connect to our network through the node, means that anybody can view our code.

Bobby Gray: So they can take our code, they can fork it.

Bobby Gray: I published an article the other day on the website that talks about a major thing that, happened in the world of

Bobby Gray: Ethereum.

Bobby Gray: You know, if you're looking at top coins, well, number 2 seems pretty high up on that list.

Bobby Gray: If you're looking at top coins and you're saying, these coins are the gold standard for public, immutable, permissionless, well, what would you say if you came to discover that at one point in time.

Bobby Gray: Ethereum… Rolled back the blockchain.

Bobby Gray: I've got a section on this page about decentralized and reversible.

Bobby Gray: In 2016, Ethereum was hacked. The community didn't patch around it, they rolled back the chain. How can this thing be a blockchain?

Bobby Gray: Decentralized, immutable, unchangeable, permanent, if you can roll back the chain.

Bobby Gray: Well, you really can't.

Bobby Gray: But they did.

Bobby Gray: Okay, let's make sense of that real quick and get on to the meat.

Bobby Gray: Of our time together today.

Bobby Gray: And guys, if it seems like I'm babbling on because I, out of words, it's not entirely true, it's just because it's been a long week, trying to do our marathon week here, and that by itself takes a lot of prep.

Bobby Gray: To do well, and I've been working on Iskander stuff and text coin stuff, and so, I haven't had as much time to prepare for these calls, so we're making a bit of it up as we go. I think we're doing pretty well.

Bobby Gray: But, I want to talk real quick about this immutability thing, because it matters. When Ethereum had this hack go down in 2016, what they did was they said, okay, the chain's still going.

Bobby Gray: We can't stop the chain, the chain is open, it's public, and the…

Bobby Gray: operators of the network are still going. It's the same way for us.

Bobby Gray: BitMart?

Bobby Gray: PionX, DexTrade, the other exchanges that list us, they have a copy of our blockchain. They're running nodes. Their nodes are going to continue. So if we wanted to do something like what Ethereum did back in 2016, I'd have to contact every single node operator, and I'd have to say, guys.

Bobby Gray: I need you to chop off the last day, week, month of the chain. We're going back, and we need to reverse this hack that happened. And they go, what are you talking about? You can't do that in blockchain. I go, yes, you can. Ethereum did it back in 2016.

Bobby Gray: And I go, this is gonna be a disaster, you're gonna piss a lot of people off. And I go, I know, I know, I know, but we're doing it.

Bobby Gray: They can say no.

Bobby Gray: which is what some people did back in 2016, and what happens when you take a public network like Ethereum and you rolled back the chain, what you're doing is you're hard-forking it.

Bobby Gray: and you're saying, this chain is going to continue as it's always been, but now we're going to start a new chain that actually kind of breaks off around a particular block. And so, when you have a public and permissionless network, you can't change it.

Bobby Gray: But you can fork it.

Bobby Gray: And so, every time we make a security upgrade to the text coin chain, we're essentially forking it. Now, the fork is successful if every one of the participants goes, okay, makes sense, I'm in. So we have to win them over.

Bobby Gray: to our way of thinking through consensus. You know, consensus is a pretty popular word that we're probably going to need to make friends with as well. But we gotta win people over. We can win them over through argument, we can win them over through eloquent speech and oratory skills.

Bobby Gray: We can win them over through, like, logic and reasoning. There are lots of ways to win people over, but you have to win them all over.

Bobby Gray: If you don't, the network forks, and one part of the network goes off in a different direction. That's what happens with a public network. What we've built is a public network.

Bobby Gray: Our public network is very similar to Litecoin.

Bobby Gray: We have a couple rules about our public network that make us unique. One of the rules is that we exclusively are mined in Texas. Now, that's changing a little bit because we've got a couple people with home miners outside of Texas. I would like to change it even further. I'll probably have to go back to you for a vote.

Bobby Gray: to get approval to allow people to run home miners outside of Texas. We can keep the majority of our data centers in Texas, let some home miners operate outside of Texas. Why?

Bobby Gray: Because we've always imagined that this thing could be opened up as it gets bigger and more strong and stronger and…

Bobby Gray: we become more confident in its ability to continue working properly, even with the changing of some of these rules. And so…

Bobby Gray: What we're creating is a public network. And with our rules, and with our community, and with our brand, and the leadership, what we're ultimately hoping

Bobby Gray: is that people like us, they trust us, and they build on top of us. What do I mean by us? I mean our network. And so, that's where you start getting into all of the network tools. And we showcase those in the resources section. You can go into the Build on TXC page.

Bobby Gray: And you can, get access to the things that you need to build, whether it's the code, or starting up a node, or, all of the block explorers, mempools, and stuff like that.

Bobby Gray: What we're gonna focus on today is Layer 2,

Bobby Gray: And we're gonna focus on a couple iterations of Layer 2, because that's what we talk about… that's what we mean when we talk about, utility. Okay, so the public network is there. If you go into the mempool or the block explorer, you can see it chugging away. So here's the mempool.

Bobby Gray: And the mempool shows you all the stuff that's going down in every one of the blocks that's created. We create a block about every 3 minutes on average. As you can see, one transaction, one transaction, one transaction, one transaction, four transactions.

Bobby Gray: Our network is extremely available, and now extremely reliable.

Bobby Gray: And so, we can't be too bummed out about the, quantity of transactions, the usability,

Bobby Gray: of our network. I'll show you two other networks.

Bobby Gray: And that'll give you at least a point of reference for comparison, and show you that, yeah, we're very, very quiet, but…

Bobby Gray: we're not that far off from a top, you know, 20 coin in terms of network utilization. This is TEXITcoin's

Bobby Gray: Mempool Explorer. So you can see one transaction, one transaction, three transactions, two transactions, almost completely unused. What is the one transaction? The one transaction is new coins being generated.

Bobby Gray: So the first transaction that happens in every block is the generation of new coins, and you can see it getting paid out to our system wallet. Coins paid out, mine pays out the daily reward. Coins, sorry, coins accumulated from mining resources.

Bobby Gray: And coins paid out to the miners. Coins accumulated, paid out. Accumulated, paid out. What I do when we're going through this process, let me see if I can find it here…

Bobby Gray: is… and I'll show you this, because it's kind of cool.

Bobby Gray: what I do is I go into… right now, it's a manual process. I go in and I say, okay, we're talking about, June 17th now that needs to be paid out. The day has ended. Let's re-scan the chain for this day.

Bobby Gray: And we will… did I hit the wrong button? Let's re-scan the day… oh, June 17th and 18th. Okay, so on June 17th, we created 441 blocks. It was a slower day, only 112,000 coins.

Bobby Gray: The day started with block number 313411, and ended with 313851. That means that June 18th, my daughter's birthday, started with 313852.

Bobby Gray: And so, we can look at this now and say, okay, June 17th, all the blocks that we're gonna get on June 17th are completely mined, that's great. We got 112014, and now let's go over to the rewards section, and let's pay that out. So there's 112014. We build…

Bobby Gray: The reward payout for this particular day And, when that's…

Bobby Gray: complete, we can arm the system and tell it to fire that out to the 50,034 recipients. Now, you'll notice that that number is kind of consistent, because we haven't been adding new miners. It goes all the way back to the beginning of this system, and you can go back and see the previous system's payout. We had a question about, well, what happened

Bobby Gray: with, the 29th of May, the payout was very, very low. That's because the previous system did most of the payout for May 29,

Bobby Gray: And then we ask the new system to pick up where it left off, recover from the failure, and get the rest of the rewards paid out. Okay, so let's go back to page 1. Let's take a look at 617. There are the coins that are going to get paid out, 50,034 miners. It'll get paid out in 31 batches, and as soon as we click on Arm.

Bobby Gray: it's gonna say, are you sure you're ready to do that, bro? And we can double-check it if we want. We can look at the transactions that are set up and see, you know, spot check to confirm that it's exactly right. I've done this enough times now to know that it's good.

Bobby Gray: We're… the next step, which is what I'll do today, is set it up to do it automatically. So as soon as the day closes out, the network will automatically build the chain data, and then, build the payout. We click on ARM, we say OK, and now it is ready to broadcast.

Bobby Gray: And so you'll see our mempool come to life in just the next few moments.

Bobby Gray: So, again, mined coins, system pays out. Mine coins, system pays out. You'll see it look like that, because we're accumulating coins during the day, and we're paying them out after midnight UTC. But what we're looking at, as we wait for this process to do its thing, is we're looking at the underutilization of our public network. So we've built a public network, it's open, it's accessible, it's 100% permissionless.

Bobby Gray: And it is waiting patiently, block by block, for somebody to come along and say, I'll use your network, Texans.

Bobby Gray: Americans.

Bobby Gray: outsiders, I will put your network to use. But let's take a look real quick at the flip side of the coin. And this is essentially why we built this thing in the first place. Because the flip side of the coin is Bitcoin.

Bobby Gray: Bitcoin's obviously number one, very popular, and totally overused. Let's see what I mean when we go to the Bitcoin block explorer. This is what a block looks like when it's completely full.

Bobby Gray: you can see that this block is jammed up. Our blocks have a little teeny tiny blue line down there.

Bobby Gray: As our mind begins to send its daily reward, this is the total size our block can accommodate, and this is how much of our block we're actually using for this block, which will be block 313867, the next one.

Bobby Gray: On block 313866, we used almost nothing. This tiny little dot down there is the entire utilization. Flip over to Bitcoin, the OG, and you can see that every single one of their blocks is completely full.

Bobby Gray: Completely full. So full, in fact, that they're not working on their next block, or their next two blocks. They are working on 1, 2, 3, 4, 5, 6, 7, 8!

Bobby Gray: And the 8th block has 79,000 transactions in it that are waiting to be mined.

Bobby Gray: Add them all up. If they can get about 5,000 transactions in a block, imagine Visa and MasterCard, right? And this is where this whole conversation began. This whole conversation.

Bobby Gray: Visa MasterCard's processing millions and millions and millions of transactions

Bobby Gray: Per day? Per hour? I don't know how many they do per second. How much?

Bobby Gray: Visa network transactions per second. Visa network… Transactions per second.

Bobby Gray: So, Visa Network carries… about 1,700 to 8,500 transactions per second. That's just Visa.

Bobby Gray: So, in a network like Bitcoin, Bitcoin is making a new block every 10 minutes.

Bobby Gray: And if they are able to only get… now, there are ways to get more transactions in a block, you can do one transaction with multiple recipients, but if Bitcoin is struggling to get

Bobby Gray: 5, 6 thousand transactions in a block, 4,100 in here, 4,800 there. Remember, transactions that have multiple recipients create larger blocks, as you've seen from the block that we just mined.

Bobby Gray: You know, this is a big block because it's got

Bobby Gray: 14, 1500 recipients on a single transaction.

Bobby Gray: And so, we're looking at this, and we're saying, man, that's,

Bobby Gray: It's a pretty large block. Obviously, we're carrying a bunch of information, but on Bitcoin, it's the same thing, works the same way.

Bobby Gray: So even if you bundled transactions together, you're not increasing the size of the block, they've got very small blocks.

Bobby Gray: And so, the reason this whole conversation started is because Bitcoin is expensive. You can look at the average transaction fee.

Bobby Gray: in the, you know, Bitcoin network. They did 5,500 transactions. Let's look at this one. They did 55… bad example. Bad example. Better example.

Bobby Gray: They did 4,100 transactions here for $2,400.

Bobby Gray: And so that's about 50 cents per transaction. Imagine if at fairs and festivals, every time you wanted to tap your NFC card to pay for something, it cost you 50 cents. That overhead is huge.

Bobby Gray: And again, they're making these… these blocks every 10 minutes, and they're only able to get 5,000 or so transactions in a block.

Bobby Gray: So if you had 100,000 people attending a festival.

Bobby Gray: And every one of them was out there tapping for a turkey leg, you know, a couple hundred per minute.

Bobby Gray: Well, you'd have a real problem using Bitcoin to do all that stuff, to carry that stuff.

Bobby Gray: And so, that's where this conversation began. We're building a public network, and our public network has bigger blocks, faster transaction times, and lower fees.

Bobby Gray: And so, with that, we can compare it to something like Bitcoin.

Bobby Gray: And we can say, okay, well, Bitcoin, yeah, as you can see, if you wanted to get a transaction done inside of the next 9 minutes, you have to pay through the nose for that. But if you want to wait for a couple hours for that transaction to settle out and hope that it doesn't get double spent, you gotta wait an hour, or two, or three.

Bobby Gray: you know, imagine sitting there in line for, like, the cotton candy, and they're being like, well, just hang out for a while, in a couple hours, then we'll confirm your transaction, and you'll be good to go. It doesn't work, it's not practical. But let's look at a top… what is Litecoin these days? Litecoin is…

Bobby Gray: Number… 25. Let's look at number 25.

Bobby Gray: This is the Litecoin network. Look how underutilized the Litecoin network is as well.

Bobby Gray: And so, a top 25 coin

Bobby Gray: And one of their blocks only has 65 transactions, 123 transactions, 38 transactions, 54 transactions. This is a network that's been around for more than a dozen years.

Bobby Gray: 23 transactions. So these guys are a top 25 coin.

Bobby Gray: Two transactions in their most recent block.

Bobby Gray: There's no utility there. What is it that gives any of these things value? There's no utility. There's utility on… on Bitcoin.

Bobby Gray: people are using it as a speculative, you know, kind of tradable instrument, and as that coin moves around different exchanges, that creates its utility. No real-world utility, but, like, marketing, you know, or market-making and trading functions, okay, we'll give you guys a pass there and pretend like it's not a security.

Bobby Gray: What we're aiming to do is fill up our blocks with utility.

Bobby Gray: And in order for people to use our public network, they're gonna need to acquire TXC.

Bobby Gray: And so, let's take a quick look, now that we've been dragging on here for almost an hour, at a couple of the things that we've got going on to create real utility and purpose. We did a deep dive in some of these things the other day. Today, I want to bring your attention to StreamTXC.

Bobby Gray: StreamTXC is where I am posting all of our videos. As we create these videos, as Corey creates some great stuff, we've got our education content, we are posting those things to StreamTXC.

Bobby Gray: Then, we take it from StreamTXC, and we link it and embed it over here on the TextCoin website, Zoom link, and you can see, okay, well, there we go. So we had to post those things somewhere. Now, why do we do it here on StreamTXC?

Bobby Gray: If you click on… let's see, this one's not quite ready yet, let's see if this one's ready. If you click on this video.

Bobby Gray: Also not ready. Let's take a look at that. This one ready? Yes, this one's ready. I'm looking at this little tag here that says HLS. We've got a new transcoder set up on this website, it's kind of cool. But look at all the data that's on the right side of the page here.

Bobby Gray: What we're doing is we're transcoding this video when we upload it. We're turning it into a 360p version, 480720 in the original.

Bobby Gray: And we are hosting it on IPFS. We are pasting a transaction to the blockchain that says we actually created this thing and recorded it to the blockchain. There's our op return data.

Bobby Gray: The timestamps this thing.

Bobby Gray: So we can always look at this and say that on June 17th, 2026, at 10.13 AM, 23 hours ago, this video was stamped to the chain. And this stamp is tied back to my wallet, so I can always prove that I was the owner of this video. Was I the first? I don't know, but if I show up in court with the earliest timestamp.

Bobby Gray: Then it's a pretty good way to prove, you know, early, ownership or control of a particular resource.

Bobby Gray: And so we…

Bobby Gray: developed this StreamTXC system so that content creators, and we're talking about all content creators, whether you're a musician that's creating a new music or music video, or you're an online creator that's creating a video game stream, whatever it is that you create.

Bobby Gray: When you post it here, it stamps it to the blockchain. And then, in order to keep this video alive on IPFS, you know, using up megabytes of storage, you've got to make a payment.

Bobby Gray: And so here's the transaction address, and you're gonna need to pay 3.087 TXC to extend the life of this video by one month. So what we've developed into this system is content that dies after a certain amount of time.

Bobby Gray: You know, if you read the manifesto on that page, it says, look.

Bobby Gray: if you created a video of, like, you, you know, pranking your buddy 12 years ago, and you post it to Google, that information is going to stay there forever, which means somebody's got to build a data center and maintain that storage.

Bobby Gray: And not charge you for it. How do they do that? Advertising. Monetizing you

Bobby Gray: Is what they do in order to allow that useless video to exist for perpetuity.

Bobby Gray: What we do is we say, no, no, no, no, no, we're not turning you into the product.

Bobby Gray: you're gonna pay, or you're gonna get good comments on that video, they're gonna pay for the extension of that. So if you like content out there, then you can make a small micropayment and allow that content to last longer. Anybody can do it. You can come into this video, and you can say, oh, I really like this thing, I don't want to see it expire.

Bobby Gray: It's gonna expire after a certain amount of time.

Bobby Gray: Where's our expiration date? I don't know. Maybe I should put an expiration date there. But if I send 3 TXC, 30 cents worth of TEXITcoin right now, to this address, then it'll extend it for another month. I like this video, I want to see it live longer. Oh, there's our expiration date. 6 days! So this video's got 6 days left to live.

Bobby Gray: Unless somebody pays to extend it. Now, the information that we record to the chain is gonna always live there. Once we timestamp that information to the chain, unless we pull an Ethereum and roll it back, it's gonna live there forever and ever and ever. Supposing we don't do that.

Bobby Gray: it's gonna live in this block hash, and will always be provable. Whether the video exists on IPFS, which means we're paying for storage, or somebody's paying for storage, we don't know, but it'll always exist in the chain.

Bobby Gray: Point being that this is utility.

Bobby Gray: when someone comes along and says, it's important for me to have that video stay there for the next year, I'm gonna send 36 TXC in right now. Let's see if we can do it. Let's copy that, let's go over to our wallet,

Bobby Gray: That's not it.

Bobby Gray: Wallet…

Bobby Gray: Let's see if we can unlock the wallet. That is not my wallet anymore. The wallet is here. Copy, paste.

Bobby Gray: Now, I happen to have 65TXC already in this wallet, but let's grab this wallet address again, and let's see if it works!

Bobby Gray: I haven't tested this in a while, so let's send 15 TXC.

Bobby Gray: Looks good, send it. Do I want a label for this wallet? No, I do not. So, let's send this in. There's the transaction, you can see it sitting there in the mempool.

Bobby Gray: Here's our mempool. Mempool's got 3 transactions.

Bobby Gray: Two really big ones, and one teeny tiny one down there. Just now it happened. What is it? Well, I sent 15 TXE. That's what the public network does. It gives us real-time insight into everything that's taking place on the network. You can see the from wallet, TMM, does that look right?

Bobby Gray: Yes, TMM, and the 2O, TXC1, yes, that looks right, and so we can watch this transaction as it goes through. But if I want this video to live longer, I gotta pay for it. And it doesn't cost a lot. If I send in 15 TXC, it's gonna extend it for about, you know, something close to, like, 5 months.

Bobby Gray: Which is great.

Bobby Gray: Make people pay

Bobby Gray: to store their content. If they decide that it's not valuable anymore, it's useless, it was just all for fun in the, long run anyway, then they'll let it expire, and it will clean itself off of our system and not cost us anything anymore to store that. Not cost us, and not cost them. You can also pay to comment.

Bobby Gray: Really powerful feature down here, this cuts down on spam.

Bobby Gray: If you have something that's so important to say, then go out and find a hundredth of a TXE, which is the minimum amount, to say it. Now, it's not just that you have to have a hundredth of a TXE, it's pretty cheap these days.

Bobby Gray: But it's that you have to go through a wallet action to actually put your comment in here, which means you're committed to saying whatever it is that you want to say. Anyway, we'll give this thing a couple minutes. We have to wait for the block to confirm.

Bobby Gray: as we look at the Block Explorer, we can see that there are 5 transactions in there. Our, mine is busy paying out participants, you know, where is our…

Bobby Gray: Transaction stuff. Where is that? There it is. We can see that we've got 4 blocks in flight. We've got 24 blocks to go before the mine has fully paid out for the day. Zero of them failed. We can click on the review button and watch

Bobby Gray: the transaction's going out real time. But we gotta wait for this block to confirm in order for the system to go through and say, okay, yeah, we'll give it, another 5 months of life.

Bobby Gray: And so, this is what we talk about, this is what we mean when we talk about utility. We've got a great little service here that timestamps it like a notary to the blockchain, and it works, it transcodes, it's a…

Bobby Gray: you know, industry-leading quality video service that now we can take out and we can market to content creators all across the world. Now, if it costs 3 TXC to get your, you know, video extended for a month, and we have 100,000 content creators on there using this system and timestamping it, and paying for all those videos to get extended, that is a lot of TXC that starts getting put into circulation.

Bobby Gray: through the utility. I want to show you what I'm working on over here on this side of the world.

Bobby Gray: Because this thing is a lot of fun.

Bobby Gray: And I'm creating a model that you can use for yourself as well. It is called Crypto Pump.

Bobby Gray: We've talked about it a little bit in the past, but what CryptoPop is.

Bobby Gray: Is a proof of participation token.

Bobby Gray: And so, this links directly in with our Layer 2. If you registered to attend an event, put in your name, let's say bobby at fair.money.

Bobby Gray: my… oh, sorry, this goes in the next field. Bobby… fair money.

Bobby Gray: Let's put in a fake phone number there.

Bobby Gray: Skip all that other stuff, sign up and create pop.

Bobby Gray: as soon as this thing, recognizes my participation for this event, it has now created 10POP with my name on it, and has confirmed it on the network. And so if we go back and we look at the Block Explorer, we will see a new transaction pop up for the creation of that POP.

Bobby Gray: And there it is, right down there. Just now, there's Omni, our Layer 2, there's a CryptoPop sign-up, and the creation of 10 POP tokens as a reward.

Bobby Gray: And so

Bobby Gray: CryptoPop is a really fun thing because it can be used anywhere. We've got it set up over here to start building up our audience for Token 2049, which is the big event here in Singapore. We had a booth here last year, we'll have a booth here again this year. We'll have a couple booths here this year.

Bobby Gray: But CryptoPop is what we're doing to build up the audience so that we don't have a consensus Austin April 2024 moment. Was that May? May 2024? It was May. May 2024, when we spent about $150,000, almost our life savings.

Bobby Gray: on a massive party in Austin, and we had 3 people show up at the event. A total disaster. And I don't know if you remember back then, but I know that it was a real interesting

Bobby Gray: kind of hangover that we had from that event, where we said, it might be dead. We put a lot of money into launching this thing, and it was a total failure, and… we're gonna keep going anyway.

Bobby Gray: So… We are creating utility, and utility creates long-term network utilization. If the network is good.

Bobby Gray: and the network is used, then there's demand out there for the coin. Okay, the block was mined 2 minutes ago, it's done, and let's see… if we go back to StreamTXC, right now it shows we've got 6 days left. If we refresh this page… come on!

Bobby Gray: Didn't update yet. It's got to go through and do a sweep and see transactions that doesn't do it, exactly when the bot is mine, so we'll give it a little bit more time to see if it comes back. We've got more utility coming our way. We've got CryptoU.ai. We've got…

Bobby Gray: The fun stuff that we're doing with fair money.

Bobby Gray: This is the thing that we're putting together for fairs and festivals. Now, this is what I really wanted to show us today. I really wanted to show you today how far we've gotten into the fair money project, how far the tech has gone, be able to show you it actually working in real time, ask you to test it out in the demo site, but unfortunately, yesterday I had too much other stuff going on, I didn't have a chance to get to this.

Bobby Gray: This is on my list, I will get there, and we will demo it in a call in the not-so-distant future.

Bobby Gray: This is the thing that once it's done, and I go to you and say, now go find us some festivals, all of you out there that have said, I know somebody that runs a renaissance fair, I know somebody that runs the blah blah blah local farmer's market, I know somebody that runs this, that, and the other thing, this is the perfect thing where we can create it and go, take it, run with it. You don't need anything from us, it works!

Bobby Gray: It's built, the network's operating, go create utility. Utility creates demand for TXC, demand for TXC is what pushes the price this way the long term.

Bobby Gray: Not instantaneous, it's not overnight. As the events that we do get bigger, as the communities that use this thing become more, bountiful and plentiful.

Bobby Gray: That's when the utility really kicks in, and we see the price go in that direction. You may recall that 6 months ago, I said, guys, we're looking at June 5th and 6th. That's the big day, that's when utility goes down. That has not happened. And so, I'm coming to you, and I'm saying, that was the goal, I told you to watch for it, that's now…

Bobby Gray: different. It didn't happen for a lot of different reasons. Number one, the tech wasn't done. That's now done.

Bobby Gray: We now have everything we need to run this system. Number two, I wasn't there. Number three, we've got our Texas drama, and so we're…

Bobby Gray: expanding our horizons outside. In fact, we're looking at Montana as really a great place to kick off those endeavors, and we do have more stuff now on the calendar that I will tell you about when I'm ready to, to open up and share more details about that.

Bobby Gray: But that's how we get this thing to go where we want it to go. I can do it, but you can do it as well.

Bobby Gray: We're creating the tools, we'll show you the tools, and then it's up to you to go out there and find a customer that wants to use our inexpensive, available, reliable public network. That's what we built. It cost a lot of money, it took a lot of time, and now we're developing the software and the tools so that people can actually use the public network to their and our advantage. And so that's what's coming up next.

Bobby Gray: That's what we have to look forward to. It's very fun, it's very exciting. These tools are great.

Bobby Gray: Tools are great. And,

Bobby Gray: So I think we've got a very bright future based on utility. We're steering clear of the pumps, we're steering clear of the influencers, we're gonna let Iskander and those guys take care of that stuff.

Bobby Gray: But for TEXITcoin, for us, this is what we built, and it works.

Bobby Gray: I wasn't able to say that, guys, for a very long time. I got drilled about that. Did you know that the network had a problem? We knew that it wasn't performing as well as we thought it should be performing. We programmed it to make a block every 3 minutes. It was very unreliable. We didn't know until we built out our 3-coin merge mining and new pool, what the problem was, we fixed it, we got it out of the way, and we moved on.

Bobby Gray: But now it works.

Bobby Gray: The network's ready, the tools are there, the code is permissionless, let's go. Take it and run with it. Build something great, show us what you build, and let's share with everybody.

Bobby Gray: We've got a network, the network works, it's reliable, it's good. If we build it good, and we, provide the tools, and we make it open permissionless, we have an expectation that it will be more widely used than Litecoin.

Bobby Gray: Top 20 is not a bad place to be. If we can build a network that works so well that it's more widely used. How's Dogecoin, by the way? DogeMempool.

Bobby Gray: Let's see if we can find a Doge Mimple. How used is Dogecoin? Because Doge, as you know, is…

Bobby Gray: This is a different version. Let's see if we can find…

Bobby Gray: a Doge version of this network.

Bobby Gray: This is Bitcoin.

Bobby Gray: Do we have a Doge version down here somewhere? Doge.

Bobby Gray: nose.

Bobby Gray: Doge Explorer. This one?

Bobby Gray: Everybody says… different… different style. But they've got 909… 989 transactions in the mempool, and…

Bobby Gray: I can't see what was in the last block, but…

Bobby Gray: If we build a network, and the network is used, we can expect the coin to be valuable. Those are the connections I want you to think about now. So, the original dots, where if we build a mine that's this big, we can expect to have a top coin.

Bobby Gray: Why? Why is there a link between those two?

Bobby Gray: Building a network, top coin.

Bobby Gray: Big network, top coin. What's the line that connects those two? Well, there are a couple different

Bobby Gray: components to that line. One is cost.

Bobby Gray: One is infrastructure and electricity costs. Our electric bills right now are about $80,000-$85,000 a month. Well, every month we get millions of coins for $85,000.

Bobby Gray: So it's a pretty good deal right now. So we really can't use cost like Bitcoin does.

Bobby Gray: as a really strong thing that connects those two dots. What we're looking at is not cost, but utility. We would like our network to not be as expensive to run as Bitcoin, and we would like that thread that connects those two dots to be utility-based.

Bobby Gray: In order for that to be the case, we need to have a good network, it needs to be trusted. People want to trust that we're not gonna roll back the transactions because somebody hacks us.

Bobby Gray: We gotta establish trust, we gotta establish that through good practices, good procedures, and good leadership.

Bobby Gray: But if people like us and they trust us, they will build on our network.

Bobby Gray: I like us, I trust us, I'm building on our network, what about you?

Bobby Gray: What's your idea?

Bobby Gray: Go back to Monday night's call, where I showed you how to use all the tools. You want me to spin up a project on Lovable so that you can start hacking away? You've got a creative idea, maybe it's a video game.

Bobby Gray: Or maybe you got an idea for a fun board game.

Bobby Gray: Bring it to life using the tools that we've got, run it on the TEXITcoin blockchain, create utility, and if it catches, we all win.

Bobby Gray: That's what we've done, that's what we've got right now. Let's put it to our advantage for real, long-term utilization. You look at Bitcoin, it's the OG. But you look at Litecoin, you go, nobody's using your network. And you're a top 25 coin? Why?

Bobby Gray: We build a network that's got hundreds of thousands of taps out there at fairs and festivals every weekend. There's gonna be so much utility that our price has no choice!

Bobby Gray: But to go that way.

Bobby Gray: path to 16, path to 50, path to 80, I don't know, but the more utility, the more demand for our coin, the more likely it is to be worth more as time goes by. That's what I'm going to continue working on, day in and day out, for our mutual success. What are you working on?

Bobby Gray: bring your great idea to the table, let's help you get started so that you, too, can create utility and purpose for this beautiful public network that we've built. Bob Graham, the guy that started it, I don't think we have much more questions. Hold on, question, if I did nothing wrong, why are you still overseas and not fighting the TXC issue? Because I'm able to do it here without interruption, without distraction, and without having to worry about what could happen if I

Bobby Gray: inadvertently violate that TSSB thing. I could go to Montana.

Bobby Gray: But then I'm still in the US, and then if I had to work with the SEC, I would be under, deposition, because I'm in their turf.

Bobby Gray: Hopefully that answers your question. My decision, my call,

Bobby Gray: I would love to be in Texas right now, driving around fun cars, hanging out with my family.

Bobby Gray: Enjoying a 4th of July party coming up with you guys, but I'm here.

Bobby Gray: Because I think, in my heart of hearts, that it's what's best for us today. It is possible to get an email with a response. I walked away, apparently you answered my question.

Bobby Gray: Okay, not true, there are a lot of great projects in the crypto space going way better than us, with communities that are similar and actually pay back to the community, blah blah blah, anonymous attendee.

Bobby Gray: Let's talk Zero Chill. Not yet. We are not ready for a Zero Chill conversation. You're welcome, guys. If the app was built on Lovable, who do we reach out to learn how to use our network to launch it? Set up an account on Lovable.

Bobby Gray: And then reach out to me and let me know what your account is, and I can share some of those resources that will help you get your Levable project started. I'll come up with a page at some point on our website that will, give you kind of a primer to levelable and show you how to get started on that stuff there.

Bobby Gray: So, send a message into the help desk if you need some help in the meantime. Thank you, you're welcome. Any word on government installing crypto permanently in the US financial system? I don't know much about that, M-Web. I don't pay too close attention to that. I think you should not allow anonymous questions, cowards.

Bobby Gray: Yeah, look, I just read them as they come up, you know, and I go through all of them. I go through all of them. You can see it right now on my screen. I've got all of them

Bobby Gray: I guess my screen goes away as soon as I…

Bobby Gray: As soon as I share that, I read them all. I read them as they come in. Sometimes there's trolls, sometimes there's people… look, you guys can have any opinions you want. My call…

Bobby Gray: Is not the place where you're guaranteed an answer, or, guaranteed an audience.

Bobby Gray: There's plenty of good feedback, guys. Look, if you go to the troll websites right now, there's reasonable feedback, some places on there. Usually it's sensationalized and

Bobby Gray: Most of the time, it's completely untrue, but every once in a while, there's a little bit of truth in there. We can look at those things, and we can say, hey, there's an opportunity here to improve. How long do people say, well, why is the code secret? Well, why… I mean, if this is a real chain, why… why not make the code public? We've talked about that a lot. And now the code is public.

Bobby Gray: And so, you know, we can find little gems of…

Bobby Gray: positive, usable, beneficial feedback, even from the anonymous people. Maybe they're cowards, maybe they're not. Point is.

Bobby Gray: If it's something that we can do to improve, Then we'll do it.

Bobby Gray: The question is whether or not those trolls are gonna be like, hey, I should probably go back through my website. If these guys are committed to openness, honesty, and transparency, maybe I should go back through my site and remove the instances, updated, the code is now public, thank you very much. You know, we don't really get that. But it's okay, we don't need that. We know in our heart of hearts that we're doing the right thing.

Bobby Gray: And we're having a great time. So, stay tuned in, we got one more call tomorrow in our marathon week, where we'll talk about the mission.

Bobby Gray: And that's a really important call, because we're gonna have some things that we need to talk about. Bobby Gray, the guy that started this thing, and the guy that's here, committed to our mutual success, and I hope you are as well, if that's why you chose to share an hour and 16 minutes of your

Bobby Gray: Wednesday night, with me. Happy birthday to my daughter, and hello to my friends, out there. Thanks for being here. We'll talk to you guys again tomorrow.