Exchange Shakeout, NectarPay Launch, and Crypto Pop

Thank you. What's up, everybody? Bobby Gray here, joining you live on Thursday. Whatever today is. Is today the thirtieth of July? Yeah, it is.

OK, it's Friday for me, but it's Thursday for you guys. Welcome to another edition of Texas Coin Update slash Honest Money Live. I'm not really sure what the name's going to be of this thing. um because we do have a whole new situation coming down soon that's very exciting and uh going to be a completely different format from what we're dealing with right now it's going to be guests interviews discussions across the realm it's going to be politics it's going to be economics it's going to be world events it's going to be anything and everything Accept texted coin. That'll be what we call the Honest Money Live podcast. I am trying to, okay, I got it fixed.

I'm trying to get the stream showing up properly on TextPoint.org and I think I just got it done. So welcome. Thanks for tuning in. It's new shirt day. And if I'm lucky, it is also going to be haircut day. So we have to get to these things before it gets out of control.

I'm joined tonight by my besties and co-conspirators. Do they have a name for us yet? I don't think so. Is that not the right way to go? We'll find something else. There's got to be something better than that.

Tim, Gage, Maddie, thanks guys so much for tuning in. Gage, look, the last time we did this, you got exactly zero words in. Change it for us tonight. Give us at least five. What do you got? Well, listen, I'm not going to be bent out of shape.

I'm not going to be upset about it. It was perfectly fine. I had something to say that time. I can't remember what it was. But it wasn't important. It wasn't important.

It wasn't relevant for this call, so... No, look, and these calls, they end up being a bit of a sermon. You know, Bobby goes into storytelling and anecdotal reflection on things past. Sometimes we talk about important stuff. I don't know. But we'll work on the format.

We'll make sure we get it to a point where we're communicating the right things and we're contributing the right stuff. We might have to start adding more calls to the calendar. I mean, I think the Honest Money Live call is probably going to go down on Wednesdays. We've got our Tuesday night stuff with IDMC. I mean, there's a lot to talk about. There's a lot happening.

And there may not be enough days in the calendar for us to cover it all but we'll get there uh okay so having said that good evening welcome pull up chair as um we've discussed in the past we're trying to keep this call format to an hour know we know that your time is valuable and important uh we're not here to waste it we're here to share updates and news the raw unfiltered proof of no edit version of what's happening in our world our world of texacoin and our world of building the mind and honest money and all that stuff so we got a lot to discuss tonight i don't want to waste any more time babbling about formats and stuff so let's get into it um the first thing on my list to discuss tonight is the obvious major issues that we're having right now with the market when I say the market I mean our online trading and exchanges um you know crypto It's become a tool that or it's become kind of a thing that people trade and where crypto started, you know, twelve, fifteen plus years ago with being a digital decentralized peer to peer currency and where it is today, totally different things. And we're working on that. But but we know how important it is for people to be able to use currencies not just for spending and acquiring goods and services, but also for trading with other currencies. It's one of the many things people do with crypto. And so we went live on our first exchange. What was it?

Was it May fifteen twenty twenty four. on good old dex-trade.com. And the name is confusing because it makes it sound like it's a decentralized exchange as opposed to a centralized exchange, a big difference between the two. But we went live on our first exchange May, the last year. two years ago. And it was kind of like, you know, the little exchange that could.

It wasn't the biggest, it wasn't the smallest, but it served us well. And the big advantage that it had was that it allowed people to join without having to go through an extensive KYC process. And that made it open and accessible for our friends in America. I don't know if you guys have noticed or traveled outside of the USA, but many countries in the world do not like doing business with Americans. There are a lot of rules. We've got FATCA, we've got FinCEN, we've got all of this stuff that makes it difficult for international money type of businesses, banks and crypto exchanges to do business with Americans.

We didn't have that problem with Dextrate, and so we started there. Now, at the end of last year, of twenty twenty four, we went live on BitMart. And BitMart was a totally different exchange, not available to Americans, but a big top tier exchange, maybe not top tier, top tier. When we talk about like level one exchanges, we're really talking about Coinbase and Binance. Now, if you're in Korea or Japan, maybe you've got a different option there that your go to. But tier one exchanges I think of as being Coinbase if you're in the USA and Binance if you're anywhere else on planet Earth that Binance services.

Tier two exchanges are like numbers three through twenty. You've got a lot of good names in there. Let's pull up a chart here and see if I can share it with you. Share my screen. Share my window. Share this window.

Share. Let's go and take a quick look. Can you guys still see my window? Yeah. Yes. All right.

So if we go to the exchange listing on CoinMarketCap, and of course, CoinMarketCap is kind of the industry standard index of the who is who in the crypto space. Binance, Coinbase, like we talked about, number one and number two. Binance is significantly larger than Coinbase in terms of trading volume. Coinbase is mostly for Americans and Binance is for people all over the world. So anybody down here from like three all the way down to twenty, we would consider a pretty solid tier two exchange, heavily regulated. like crypto exchange that's got its act together.

It's been around for a while. It probably does a pretty good job of like proof of reserves and, you know, like no kind of drama with deposits and withdrawals. Now I say that, and some of you remember FTX, which was like the big exchange that everyone talked about from the influencers to the talking heads on TV. And of course it disappeared. Went from like, One of the largest exchanges in the world to completely shut down and people go into jail. So problems happen with exchanges of all shapes and sizes.

It's not just the little guys that struggle. And so anyway, we look at the top list of exchanges. And when we went live on BitMart, it put us in a solid, I don't know, they were like twelve or thirteen or something like that. And then unfortunately, the other day, BitMart announced that they were shutting down and that they were going to do an orderly wind down. Where are they now on the list? Are they even in the top fifteen, twenty to find BitMart?

They are not even on the list. They've been delisted from CoinMarketCap. CoinMarketCap said, get out. And so we were on BitMart and we were really happy with them. They treated us well. They understood kind of the unique issues of our product.

You know, we're not a pre-mined meme coin with a trillion coin supply. We can't control the supply side dynamics like, you know, fully pre-mined coins can. And so they worked with us and we supported them. We sponsored their events and we had a good time together. So when they shut down and that was where ninety percent of our trading activity was. So when they announced a week ago, a couple of days ago, whatever it was that they were shutting down, man, it called us off guard and it really, really hurt.

Of course, we published an article right away announcing this major major setback. I mean, it's a big setback because not only is that where most of our trade volume is, but we've got a lot of cash there for our liquidity. And we also we also just paid thirty thousand dollars to get Iskander listed there. And so it's a real big setback. It hurt. And we reflect on the realities of the bear market.

Matty, you've seen this happen plenty of times before in your time in the crypto space. Any other notable disasters stand out in your mind besides FTX? What was the big one back in the early days? Hey, Bobby, real quick, real quick. I'm getting multiple text messages here. Guys, you know, if it's choppy on your end, I apologize.

There's nothing that we can do. But we have even the people that are using the link and on YouTube are saying that they're hearing like every other word out of us. So hopefully, guys, it'll get better as we continue to start going. But there's really nothing that we can do on our end. So I apologize. Man, that's not good.

You're saying it's choppy on YouTube as well? YouTube and then the link that was sent out to everybody. I'm getting texts from multiple people. So yeah. The question is whether or not it's choppy just on my feed or is it everybody's feed that's choppy? somebody's coach coach bud is saying that uh if you go to youtube there's no issues there lots of other people are commenting people are saying x is clear facebook is good yeah it might might just be their issue a lot of people are saying it's all good maybe who knows all right well let's get back to it we're talking about exchanges coming and going which is what happens And yeah, the other notable one that happened just in the past week, the same week as BitMart, is BitMEX, which has also been an exchange that's been around forever.

And they've also announced shutting down. So this happens a lot in the bottom of bear markets. When FTX shut down, that was the bottom for Bitcoin. back in twenty twenty two at the end of twenty two. And yeah, here we are now. So some people are hopeful that this means the whole crypto market will start to turn around now.

Yeah, well, we'll see. Are you calling the bottom, Matty? Are you calling the bottom? I'm not. I think crypto has got a ways to go as it deals with no clarity. OK, well, let's talk about this real quick, because it's it's obviously a major setback for our market.

And it's also, you know, people are looking at it and saying, well, what's the deal? What are we doing next? So let's talk about that. We're kind of homeless right now. And it's an extremely temporary thing because I'm working on it real time. But it doesn't have anything to do with what's happening here.

So we'll talk about this in just a moment. But I want to talk real quick about what we're doing to deal with the current setback. And what we're doing to deal with it is we are going heavier on XT by economy. You can see that by economy is starting to pick up some of the slack. with eighty three percent of the volume. And the other thing that I think is a really big announcement is the week's exchange.

And we are going live today at ten a.m. Singapore time, which is in an hour and forty seven minutes for our friends over there in Central Time Zone. And that will be a really big deal for us because we met the founder of Weeks last week in Toronto. Seemed like a great guy. From what I'm told, Meek Weeks might be like a sister company of MEXC, which we've got a relationship with them as well and an exchange listing that's waiting to go back live. And so I'm very excited about this platform because they also don't have any restrictions for Americans.

And they said that the reason for that was based on kind of conflicting KYC and documentation rules that different jurisdictions say, well, if you do the KYC thing, you got to save the passport and the identity and you got to store it on a server that's in the same country as the it's so confusing that they've kind of just said, never mind, we're not going to worry about it. And so they've opened it up now to everybody, which I think is a great thing. Guys, rule number one with all these exchanges is please, please be careful. If you're out there trading, get in there, set up your trades, do the things that you want to do, and then cash out back to cold storage. The last thing we want is for you to get yourself in a position where the exchange closes down with little or no warning like we had with BitMart. BitMart didn't give us any notice of deposit or withdrawal issues.

They didn't give us any indication whatsoever. that they were going to just shut down. It was funny because I went on their X page and it was like, we're shutting down. And then like two hours earlier announcing new listing. And it's like, man, thanks for the heads up there. We had two hours of, you know, our listing and a trade pair going live on the exchange before they took it off.

So please be careful. And ultimately, the question is, like, what are we going to do next? We've got, you know, weeks. We've got XT and Biconomy as our primary markets. And I want to show you guys just real quick a little bit of behind the scenes stuff, because all of these exchanges have market requirements. And the market requirements are, you know, you've got to have a certain amount of buy orders in there, certain amount of sell orders within a particular range of all this stuff.

And so you have to hire a market maker. You want to go live on one of these larger exchanges. They don't even let you do it without a market maker. And if you go back and you look at some of the numbers, you can see that we paid our market maker a lot of money. Go back to our proof page. Click on.

the not liquidity, but the exchange and trading section, click on market maker. And you can see that our market makers company called Market Labs, and we've paid them hundreds of thousands of dollars to do this for us. And sometimes the results were okay. Sometimes the results were not great. But what we ended up doing is putting together our own little market maker bot. And it's something that's available to the general public.

If you need a market maker to support your small cap token and trade pair, check it out, sign up for an account. But what I want to show you is what the balances are. on these exchanges and we're live right now. You can see we've got thirty six open orders right now on economy. We've got fifty open orders right now on XT. And if you go into the order book, you can see, you know, those orders as they exist on both sides.

And so this is a fun little tool. You can log in, create an account, play around with it yourself if you want to automate some of your buying and selling strategies. But you can also go in here and see the funding history on XT, for example. We've deposited twenty thousand TXC. There's forty seven thousand TXC on the exchange right now. And so what that means is that we've bought twenty seven thousand four hundred ninety TXC on this exchange because we put in ten thousand USDC.

And we only have fifty three seventy now. So we're down forty six hundred dollars in USDC, but we're up twenty seven thousand TXC. So this gives you kind of a quick plus or minus on how our market making bot is performing. It's not designed to do anything other than find out, discover what the price is and then build this order book around it based on the rules that are given to us by the exchange. Does that make any sense? And so I just want to show you that we're live right now managing the order book on my economy.

What this ultimately means is that we are phasing out the market maker that we've been paying all this money. This is another example of hundreds of thousands of dollars that we're saving now. When I say we, I mean the Texacoin community, because that's our money that's going out there to pay those things. So we're... phasing that out and we're phasing in our own service that does that, and I built this tool in a couple of days. This is the power that we have now with these AI-driven development tools, really great stuff, but the ability to save hundreds of thousands of dollars a year is where the rubber hits the road.

And so, like I said, what this does is it goes in there, discovers the price and then builds an order book around it that supports the rules that are established by the exchange. So we're live right now on Baconomy. We're live right now on XT.com. And you can see over here on Weeks, no volume, no. We got seven open orders, but these don't ever actually execute because Weeks has our trade pair hidden right now. And that is going to change at ten a.m.

Singapore time, which is in an hour and forty two minutes. And so these will be our three main exchanges that we're babysitting. And again, by economy and XT, I don't think are available to Americans. Is economy available? Economy is right. Yeah, Biconomy is available to us, for sure.

So that one is, and Weeks is as well. So guys, changes that our people need to go to, for sure. use that information to your advantage what we do with our trade pair is we introduce texacoin to the world we invite everyone all over the world to participate in our trade pair and we also provide miners an opportunity to monetize the txc that they're not holding on to and saving or they're not out there spending in the marketplace and so that's why we have these exchanges it costs money to go live we've invested a lot of money in getting onto these exchanges And so therefore, it's important for us to maintain a good relationship with the exchanges. And in order to do that, we need to follow the exchange rules. And we set up this little tool to do that. The big question is, what's next?

Are we going to end up setting our own exchange online? Is that what's coming next for us? Are we tired of exchanges going down so frequently that we are going to set up our own Exchange. That I don't know. Just real quick, my concept is called Seeds. And I've been messing around with this dev stuff And I've learned a lot about seed phrases and I've learned that a twelve word seed phrase unlocks a whole bunch of different wallets.

Almost all of the wallets that you could have out there in the crypto space could be unlocked with a single twelve word seed phrase. That's how these like, you know, ledger devices work. They give you a twelve or twenty four word backup phrase and you log into your ledger and you can get access to all these different coins. And so I like the seats. So the question is, why do we need to have an exchange that we do a deposit and then we cross our fingers and hope that someday we can withdraw? Why can't we just set up a wallet with a seed phrase, give an exchange access to that wallet?

And then that way, anytime we want to remove our money from the exchange that's not locked up in an order book, we've got instant access to the wallet. Sounds like a great idea, Bobby. Anyone? Anyone? Here's the problem. The problem is we legitimately do not need any more tasks, any more projects on our plate right now.

I mean, six months ago, we were like full steam ahead with one thing. Then all of a sudden, we got this cease and desist, and we're like, okay, we've got time on our hands. Let's build this and this and this and this and this and all these other things. Do we need one more project? Plate spinning in the air. Do we need one more iron in the fire?

The answer to that question is no, we don't. We really don't. But what are we going to do? How many times are exchanges going to go out of business and really hurt us before we go? Well, I guess we're starting our own exchange. Seats.

Centralized exchange that's non-custodial. I don't even know if it's possible, but that's the concept. We'll see what happens. So anyway, that's the thing with the market. But here's the deal, guys. The deal is that as we look at this market activity, we see that, you know, we went from kind of down here in the abyss at, you know, ten cents that we were hovering around for a while.

And then all of a sudden we jumped up to like, and it was very exciting for a couple of days. Mel, is that your noise there? Do we have to mute you out? Mel is muted. And so it was very exciting to see that jump, but it was also scary. And so what did we do?

We called an emergency meeting. We got together on Sunday night and we said, guys, be careful. We're climbing the ranks, but our market is still fragile. And what that means is like, hey, somebody comes along, they do a ten or fifty thousand dollar order of TXC. The market's going to jump and it's going to jump big and it's going to jump quick. But if we don't back that up with real purpose and utility, then we're going to see this trend happen.

why does this trend happen i want to explain what this is you got to remember that our network creates about a hundred and twenty thousand txc a day in the old days it was like eighty five ninety ninety five thousand then we figured out we had some problems with our network and mining We fix the problems and now all of a sudden our network's creating about one hundred twenty thousand coins a day. You can always go on to the block explorer or the mempool and you can see all those transactions as they come. Let me add my thing back to the screen. You can see, you know, these blocks as they come through and how many we make every day. In fact, you can take it one step further now and go over to the honest money pool and see exactly how many TXC blocks were found in the last twenty four hours. Four hundred and forty two blocks, four forty two times two fifty four per block is one hundred twelve thousand two hundred sixty eight coins in the last twenty four hours.

And also see here that we found ten Doge blocks and nine, a whopping nine Litecoin blocks. This is incredible. Normally, we're only finding like one or one and a half a day. We fix some stuff with the network. And now we're at nine Litecoin per twenty four hour period and ten Doge. Remember, we were averaging about three Doge blocks back in the day.

So point is, point is that we produce about one hundred and ten, one hundred and twenty, one hundred and twenty five thousand TXC per day. So I want you to think of TXC as if it's like, you know, a product. I want you to think of TXC as if we're creating, you know, widgets. And when we create a hundred and twelve thousand widgets in one day, our job is to now find a utility for those things that the marketplace desires so that they're buying up all those coins. Now, we don't have to worry about selling a hundred and twenty thousand coins per day because seventy percent of all those coins actually go into cold storage, which is a really cool number. It makes the math actually kind of fun to do.

So you say, OK, well, we've got one hundred twenty thousand coins a day. at twenty cents a coin that's you know twenty four thousand dollars a day of like coins that have to get sold out there into the marketplace hundred and twenty thousand times twenty cents so for us to sustain a twenty cent price point for txc we gotta find a home for those hundred and twenty thousand coins per day but seventy percent of those coins actually go into cold storage that's Off the market, those are people that are saving those things, holding them for a future time for them to spend or trade later, whatever they wanna do with them. So we don't really have to worry about monetizing a hundred and twenty thousand coins a day. Instead, we really have to worry about monetizing a hundred and twenty thousand times point three, like thirty six thousand coins a day. And so for us to maintain that twenty cent price point, we only need to sell seventy two hundred dollars worth of coins a day. So imagine one buyer coming along every day and picking up seventy two hundred dollars worth of coins every day.

That's really all we need to do in order to maintain that twenty cent price point. OK, well, Bobby, why don't you do us all a favor and take the price up to like ten dollars right now because we want to be a page one coin. Well, I'd love to, but for us to hold on to that ten dollar price point, if we've got thirty six thousand coins a day that are available on the market, we'd have to have three hundred and sixty thousand dollars worth of net buyers every single day. Well, it's a lot. It's a lot. We don't think that we have that market yet.

The crypto traders are out there. They're looking at us. They're kicking the tires. They're buying a little bit. They're selling a little bit. They're participating in our market.

It's like I told you guys all along. Crypto bros will jump on the dog poop coin if they think that there's an opportunity to make a couple percent. They don't even need the thousand X. They just need to, you know, make a couple percent every day on their trades and they're happy. That's what day traders do. They're not looking for that one pie in the sky when Lambo, you know, moonshot.

They want it. We think we've got it, but they're looking to turn those coins over and make a couple percent every day. So they're already participating in our market and we know that. But for us to maintain a ten dollar price point, we need to put three hundred and sixty thousand dollars of TXC into the market every single day, nonstop. And if we don't do that, then that's when the price comes down to where it meets that supply and demand threshold. And that's ultimately what we're looking to do.

So the big question is, what are we doing? What is Bobby doing about utility to create that demand so that we can get to a dollar a coin or back to five, six, seven dollars a coin or up to ten, twenty, fifty dollars a coin? What is Bobby doing? Bobby's got to have a plan, right? Well, that's where I stop and I go, whoa, whoa, whoa. It's not Bobby's job.

It's your job. What are you doing to create utility? What are you doing to create value? What are you doing to create purpose in the marketplace for TXC? Not all me, guys. It can't be all me.

I'll tell you why in just a moment. My promise to you was I was going to build the mine. I was going to pay out commissions to the people that helped us grow. I was going to promote our coin. I did all of those things. I also told you.

that I was going to put money together for liquidity and exchanges. And I was going to pay developers to go out there and, you know, put it together a layer two and all that kind of stuff. I've done all of those things. And so now when we talk about utility and purpose and real long-term value, it comes down to you. I got my ideas. We're working on our stuff.

We'll talk about some of those things tonight, but we need you guys as well. We can't all just be me and my besties here. We're doing a lot, but we can't do it all. I want you guys to think about the next couple months of time in three specific segments. As you look at where we are today, and we're within three weeks now, we're coming up on two weeks out. We got a weekend and two weeks until our big moment in front of the administrative law judge for the Texas State Security Board hearing.

We've waited a long time for this. We've invested a lot of money. in top tier counsel that's going to help explain what the Texas regulators have missed or misunderstood about our project. Really important stuff. It's not easy and it's not cheap. We're two weeks and one weekend away from that day.

But I want you to think about the next couple of months in terms of three segments. Segment number one is where we are right now. We're two weeks and a weekend away from our hearing. So everything that we do between now and the hearing, Really, really matters. These are this is our last opportunity to get witnesses and evidence and exhibits together. We want to go in there.

We want to do a really great job sharing our side of the story with the state of Texas. Help them understand what they missed and explain to them the difference between Texas coin and everything else. that's happened in the crypto space. And I think Maddie, that might be something that you're really gonna be good at talking about. You know, you've got scams, category number one, outright bold face lies, straight up scams. We've seen them before, Texas has shut them down before.

So that's category number one, scams. We know those guys. Now, category number two is everybody else in crypto. Think meme coins, think Trump tokens. You know, you create this unlimited supply, you go out there, you pump, pump, pump, pay your influencers, and then it crashes. We see the pump and dump cycle again and again.

That's what crypto's playbook looks like. The old fashioned crypto pump and dump. And then you've got Texacoin, which exists almost in a category all by itself. It's a community currency. We didn't get into this for the pump and dump stuff. We didn't get into it to hire influencers and promote our coin.

We got into it to build a community currency. It's totally different than almost everything else that's out there in this space. And so it's very exciting, but it's different. And if you don't understand it, your first reaction is to think that it's a scam. We get that. Your second reaction is to lump us into the same category as everybody else that's out there.

We get that. With a couple of days in court, with our evidence, with our exhibits, with our experts, with our witnesses, we'll be able to explain that we're totally different from everybody else. And not just that we're different, but we're absolutely not a security. So I want you to think about time in terms of these three segments, everything that happens right now before the hearing. Then we're gonna have about two, three weeks between the hearing and the verdict. We file a follow-up document.

I can't remember what it's called. And we wait and we cross our fingers. Now, we don't know how the verdict is going to come down. I don't know if I'll get a phone call from like a judge or if my attorney will reach out and say, are you sitting down? We got the answer. Or if it'll be on CNN or the news or something like that, whatever it is, once we know exactly how that information will reach me, we'll talk about how it's going to reach you.

Because what I want to do as soon as I have the information, I want to go live here. talk about it because you can imagine that there's going to be some market activity on Weeks, on Biconomy, on XT, and all the other markets out there when that news comes in. Then the third segment is everything that happens after that. Once the verdict comes in and the dust settles, it's going to go one of two ways. Now, it could go a third way. Either we win, cease and desist is overturned, green light, sky's the limit.

or we lose and they say cease and desist stays best of luck. There's also a third possibility where they kind of pick and choose different things. Well, we know this and we know this, we're going to give you this one, but we're going to not give you that one. So we might say a little bit of a split baby, so to speak. But whatever that is, it's gonna mark the end of this experience for us, and then we get to move forward. So we got before the trial, we got during the time that we're waiting for the verdict, and then we've got everything else for the rest of our lives.

So think about time in those three segments, two weeks until trial, two, three weeks after that for us to get a verdict, and then after that. And I wanna give you guys a bit of a spoiler. because I published an article the other day talking about what the realistic outcomes could be and what kind of effect it will or will not have on us. Let me be direct. I'm not worried about the verdict, and neither should you be. That doesn't mean we don't want to win.

We're fighting to win. If the outcome is favorable, we get the ruling we asked for, the market will notice. We expect the price to pop. And the future comes our way fast and furious. If the outcome is negative, then we're going to keep working hard every day to establish utility purpose value for our chain. Right.

So it really doesn't change much because honest money is non-negotiable. We're going to keep going regardless of what the outcome is. That doesn't mean arrogantly. That doesn't mean we're going to thumb our nose at the law. That just means we're going to need to be much more careful about how we proceed in Texas and everywhere else around the world. But we do intend to continue everywhere.

And the reason for that is because everybody needs honest money. But as we're going through this process, we're learning a lot more about securities. And that's the accusation. We're not accused of misappropriating funds. We're not accused of stealing all the money and running off. We're not accused of anything like that.

We're accused of a security registration violation. It's not criminal. It's not good. It obviously has a bunch of reputational damage with it. It costs a lot of money to go in there and defend ourselves. So we don't want to get in trouble for this same kind of thing anywhere else at all.

So what it really requires, now that we've gone through this kind of extensive process of understanding securities laws, it means we've got to be a lot more careful about the four pillars of the Howey test. Huey, Howey, Huey, Dewey, Howey, Howey. Number one, exchange of money. Number two, it goes into a common enterprise. Number three, there's an expectation of profits. And number four, like I mentioned at the beginning of the call, these profits are based solely on the work of others.

And that's really why your participation matters. These guys are wrong on all four of the pillars. I'm not going to go through them in detail, but number one, money. A lot of people, most of the hash power was earned through sweat equity. People earned the majority of the hash power that they got. Number two, common enterprise.

There were plenty of times the money didn't go to me. They went to somebody else who ended up paying for a wrap on a car or a billboard or an advertising campaign. But money went in lots of different directions. It all didn't come into one common enterprise. Number three, expectation of profits. Now, That's a big one because obviously people get into crypto because they want to make money.

But we've told people time and time again, crypto is extremely dangerous. Be extremely careful. You should only put in money that you fully expect to lose. And number four, work based entirely and solely on the or profits based entirely and solely on the work of others. And that's a really big one. Because I told you guys all along from day one that it wasn't me that was going to make this thing work.

If we were mining Bitcoin, it would be different. If we were mining Bitcoin, there wouldn't be a single thing that you or I could do to affect the price of Bitcoin. But when we're mining texted coin, we're mining a worthless coin. How could you have an expectation of profits when we're not even on a market? A lot of people joined before we even went live on Dextrade. And so when we talk about the work of others, this is really important because when you join and you put your cash in, that's your work.

When you go out there and you talk to other people about joining our community and helping increase the size of our buyers and sellers, that's work. When you have to take your coins that go to your cold storage wallet and peel off the sticker and scan it and get in your wallet and move it over to exchange and set up your buy and sell orders or figure out how to spend it at a local merchant for tree trimming service, that's work. There's a lot of work that you have to do. It's not like you put your routing and account number in and then every day Bobby sends a profit out to your bank account. That's not how it works. You have to work.

It's your participation that makes Texacoin valuable. That's because it's a community currency. Totally different. We have to understand these things at a fundamental level because we're going to keep going after the verdict comes down. So what am I up to? What are we up to here?

We want to encourage you to find utility and purpose. You can go right now over to the texacoin.org website and pull up the resources build page. And this will tell you everything that you need to know to build on our network. It's a hundred percent open source. You can spin up a node right here with the node spinner upper. You can see the code.

You can contribute to the code. You can start a new node and you can get all the chain parameters and omni layer parameters so that you can get started building your game or your education platform or your loyalty program or whatever it is that you want to do. You can do it right now. It's available immediately, twenty four seven to you and anyone else that wants to build on our network. So I guess we need to get rid of you there. So we've had some extra time.

We've had a little bit of a quiet time. We're not out there doing our promotion thing, billboards and supercars and hot air balloons and barbecues and meetups and all that stuff. It's been quiet. We've been trying to abide by the rules that we've got here in Texas. And so we've been building a lot of other things inside of our ecosystem during this quiet time for us. And one of the things that we determined we wanted to do was solve this crypto is money problem that the industry has been wrestling with for a very long time.

You know, crypto came out, digital decentralized peer to peer currency. And then the crypto industry kind of forgot, you know, when the crypto bros put down their signs and stopped standing on overpasses on highways, waving signs that said, buy Bitcoin. Like they did that once upon a time. That's what we do. Get into Texacoin. They did that ten, twelve, fifteen years ago.

We do that today. About that time that they stopped doing that is when the banks joined the conversation. We saw this huge centralization thing. And Bitcoin really stopped becoming what it was supposed to be. It was supposed to be a peer to peer digital currency that people could use to exchange value in the marketplace without having to go through a bank. And so I look at that and I go, well, this is perfect.

This is right up my alley. I know how to get an alternative currency going. I'm an alternative currency expert. I didn't get into crypto for the trading and the means. I got into it because I saw financial technology that gives you and me, us individuals, the ability to exchange value without having to go through a bank. And I like that.

I like it a lot. I did it for years with gold and silver. The expensive, heavy, inconvenient, you know, tangible way. It was fun. It worked. And it was slow.

Outdated. The world's going digital. It's all good. I saw the writing on the wall. I started Texacoin. But I didn't get into this because of why most people get into crypto.

I got into it because I see this opportunity for an alternative currency to actually be successful, for it to actually work. And that's why I got into it. And I know what I'm doing. What's the key to our success? Besides me, of course, it's incentive. The key to this thing working is something that I learned back in nineteen ninety nine when a guy walked into my office and he said, do you want me to bring you new customers you've never seen before that cost you absolutely nothing?

Sure. What's the catch? Well, they're going to pay you in an alternative barter currency. All right. Doesn't sound too bad. Let's try it out.

And what I learned in that experience was that when you have an incentive, whether that's on the buyer side or the seller side, an alternative currency can take root. And so we look at crypto now today and we say, do people today, do buyers and sellers today have an incentive to actually use cryptocurrency? And the answer today is really no. Take a look at it on the seller side, right? BitPay, we've talked about them. We've been picking on them for a little while now.

BitPay is the number one payment crypto gateway service provider, crypto payment gateway provider. They charge you one, two, three percent. We're right there where we are with credit card processing. You should be able to accept crypto at no fee. So if you're paying two or three percent to BitPay to do that for you, there's no upside, no incentive. On this buyer side, you got the same problem.

I've got one of those crypto credit card things, crypto ATM debit cards. It's issued by an exchange, but I got to pay a one percent fee to fund that. Now, it's not the same with all of them. Maybe somebody else has got one that doesn't charge a fee, but most of them charge some sort of fee. So if I'm looking at it and saying, well, I've got my American Express card that gives me rewards in miles or I've got my crypto card that I got to pay a one percent fee for, it's a negative incentive. So why would I use it?

If we don't have incentive, it's going to be all but impossible to get people to use an alternative currency. So the last couple of weeks we've been talking about incentive for the seller with Nectar Pay. Go back and watch the last couple of weeks if you want to learn more about Nectar Pay. But Nectar Pay merchant incentive is very, very simple. We got five really simple, easy to communicate, easy to demonstrate benefits for merchants that want to participate and accept crypto. Number one, no fee.

Number two, no chargeback risk. It's a big problem in merchants and small businesses today. Number three, instant settlement. The money is on your phone, in your wallet right away. You don't have to wait a couple of days for it to come down, which means you can spend it or use it faster. The velocity of money really matters in a small community.

The number of times that money turns over means more benefit for the merchants and businesses in that community. But there are two other merchant benefits that we've touched on the last couple of weeks that start to lay the foundation for the sixteen minutes that we have left tonight to talk about what's really the biggest benefit of all for the merchant. There are two other things that we do with this program. Number one, loyalty. out of the box when a merchant decides to use crypto as a payment gateway because we know exactly who that customer is, we have the ability to give them an instantaneous reward direct to their wallet as soon as they tap to pay or scan to pay. That's a big deal.

You know, if you can, Keep an existing customer, it's a lot less expensive than a new customer acquisition cost. What's it cost for a business to get a new customer in the door? Five dollars, ten dollars, twenty dollars. There's a customer acquisition cost. Any business owner knows what it's going to cost for them to drive new traffic in the door. So if they can keep an existing customer, it's usually much less expensive than getting a new customer in there.

And the last thing, number five on the list, is driving those new customers in there because of the currency that they choose to accept. Think about it, right? If you were like a pizza shop in El Paso, Texas, right there on the border of Mexico, and you started accepting Mexican pesos, you can imagine that a lot of people would come in there and spend their pesos, right? Oh, I don't have to go to the travel thing to exchange my pesos for dollars. I can just go spend it right there for pizza. And so Choice of currency is a big driver of economic incentive.

If I'm banking in Bitcoin or USDC or USDT or TXC or PYUSD and I can go and scan or tap to pay at a restaurant without having to convert, well, that's an advantage for me. And so what we wanna do is we wanna focus on those last two benefits. The other ones are real easy. We're not gonna talk about those tonight, but we wanna talk about the last two benefits that are in it for the merchant. Because the last two benefits that we create for the merchant are also now benefits that we create for the consumer. And we have to win on both sides.

The credit card companies have spent decades and billions of dollars making the user experience so flawless, so easy, you walk in, you tap to pay, you don't think about it, you get your rewards, boom, boom, boom, it's done. It's like a drug dealer, man, they've got the needle in our arm, and we're hooked. You know, think about it, you know, ten, fifteen years ago, credit card companies dropped those merchant fees, zero percent credit card process, and then it's five, a half a percent, and it's one percent, and then it's two percent. Now we're back up to two point nine percent. They're skimming that money off the top. But we have to deal with the other side of the transaction too.

Because if we can get the consumer to prefer to go in and spend crypto, now we've got a lock. And if we can make it easy and fast and fun and rewarding, now we've got a program. Now we've got a marketable solution. We're not asking anybody to incur costs. We're not asking anybody to reach into their own pocket, you know, for this like crypto benefit. We're telling merchants and consumers that there's an incentive for you to participate.

And that incentive isn't small. Two point nine percent sounds small, but it adds up really fast. And so we want to focus on both sides, the consumer side and the merchant side. And what I want to talk to you guys about tonight, with the twelve minutes we have left in our one hour long call, is something that we call Crypto Pop. And it's the reason that our friend Mel is here with her background noise. Mel, hello, good evening, welcome.

You've been around this community of ours for quite some time now. I have, yep. When did you and I first meet? Did you and I first meet at a racetrack event or was it before that? I think it was before that. We've had many encounters with lots of events that I've attended.

Austin was one of them. That was one of my favorite. So Mel is here, and I think she prefers Melina? Mel is easier because everybody wants to call me Maria, but it's Melina. Melina, aka Mel, aka not Maria, is here because she has volunteered to help spearhead the other side of this relationship building endeavor with us. Now, Tim, as you guys already know from the last couple of weeks of our time together, is hot on the trail of Nectar Pay.

Tim, you want to bring us up to speed real quick with where you are on Nectar Pay? Because I know it's been a very busy last couple of weeks for you. Yeah, so we're ready to go live with this. So we actually have our first Nectar Pay training that's going to be next Wednesday. We're going to do it in person in McKinney, Texas. Huh?

This coming Wednesday. This coming Wednesday. Very confusing. This, next, this Wednesday. What's the date? Coming Wednesday, we're going to be at the Spring Hill Suites.

Bobby's going to create a link for people to go ahead and register to sign up. There is going to be benefits to sign up because you're going to get to see the terminals in PAM. We're going to go through a lot of training. I need three minutes here, man, and then I'll give it back to you. But here's what we're doing. The training is going to be ten a.m.

to five p.m. And we're going to go over everything. We're going to start with the mission, why it's important, why it's needed. We're going to go over what is Nectar Pay. We're going to go over the opportunities, the growth, the future partnerships. I'm going to get into, we're going to go through the full sales plan and the sales process.

And then we're going to get into the sales pitch. And then after that, we'll go over handling objections. And then we're going to go over the tools that we have at hand, which is the CRM, the sales sheet, the customer service support team that we have. By the time I'm done, whether you're watching this and streaming this online or you're in person, you're gonna be one hundred percent feel comfortable and confident to go out there and start sharing this with businesses. so if you're hearing this and you've been waiting to to see what nectar pay was or how you can get involved we have three ways that you can participate in this all right if you're a person that's hearing this right now and you're like i've been looking for something to do that's going to bring me a paycheck Well, we have a full time option. If you're looking to do something, I've created a sales force where there's going to be a base salary plus commission.

So a sales rep can make anywhere from seventy K to two hundred and fifty K a year with this plan. This is going to be a full time position. All right. So if you're interested, you can reach out to me, Tim at BlockchainMint.com. For the people that are in Dallas, Fort Worth, you can come and get your hands on training at the McKinney training that's happening next week. If you're not willing or able to do a full time position, option two is you can get involved for as simply as buying a kit.

You can buy your kit for two hundred and fifty dollars. That kit's going to have your terminal. It's going to have your cold storage coin. It's going to have your one-page sales sheet. And that's going to allow you, now you can listen in on the training. You can go through all the training.

And then at your leisure, you could go talk to businesses. And for every business that you sign up as a Texacoin miner, if you're a Texacoin miner, then you earn one free seat, a one thousand dollar value for doing that. And all it takes is a two hundred fifty dollar kit for you to participate to do it. I forgot all about that. I forgot about that. What a great thing.

It's huge. Option three, again, if you don't want to do it full time, but you want to do a little more and you want to earn some cash and hash, then we have a third option for you. If you buy a ten pack of these machines, you can buy a ten pack of the machines for at three hundred and fifty dollars a piece. So that will be thirty five hundred dollars. And now you can also sell these at your leisure. But every time that you sell them, remember, we're selling the machines for four hundred ninety nine dollars one time fee and the nineteen dollar a month subscription fee.

So you're going to go out there and sell it for four ninety nine, but you bought it for three fifty. So you're going to make one hundred fifty dollars off of each terminal and you're going to still earn one free seat. Texas coin mining seat, a one thousand dollar value. So there's three ways that you can participate with us. You could do this full time. And again, guys, my background is coming up with sales techniques, processes, trainings, and I've got to tell you, this is the easiest uh sales training that i've ever come up with and i think this is going to be very very effective so if you're interested in it log if you're able to come in person you're going to be able to have the machines hands-on we're going to go over merchant onboarding also so you're going to be able to put your hands on it you're going to walk through the whole process there but if you're not able to make it in person that's okay we're going to be streaming it too but three ways to participate bob as soon as bobby comes up with the link what are we going to do for people to sign up for that bobby I'll show you that in just a minute.

Two things about what you said. Number one is we don't have unlimited seating at the event. How much do we have room for and how many do we have already committed? So there's about they say that it seats sixty. I'm going to say we can actually see fifty. And we've got just for my sales force and the people that are going to be showing up.

I know that we've got ten people of our actual sales force that will be there. All right. So if you're in Dallas around the FW area and you want to go out to the sales training from Tim, a salesman. That's on Wednesday, this Wednesday, and I'll have a link up in just the next few moments to show you where I'm going to put that. It's not for anyone and everyone that's curious about Nectar Pay, Crypto Pop. It's for people that want to go out and actually sell it, whether you're a Texacoin miner, you want to do it for the hash power rewards, or you are a person that likes to sell, has some sales skills, or wants to learn how to have some sales skills and get out there and bring merchants on board.

that's who this is for uh we'll live stream it so if you are outside of that area uh maddie are you confirmed now for going down to dallas and setting up the live stream yes yes That's awesome. Okay, so good. Please, please. It's event number one. It may be a little bumpy as we figure out exactly what to include in there. Tim's going to do a great job on the sales side.

It's prepared. It's you guys. It's not going to be bumpy at all. It's going to be flow from ten to five. I think we're going to be providing lunch. We're going to be providing lunch.

We're going to have the kits there. So everybody will walk out. We'll have the opportunity to walk out and hit the ground floor running. But imagine if crypto actually had some sales professionals that had a merchant onboarding kit that they could sell at a profit, make some money. Don't you think somebody out there would put together a ten or fifty or a hundred thousand merchants in a community that are participating in accepting crypto? Has anyone ever really tried?

Hey, accept crypto if you want, I guess. We're going to drive it. You're going to use your skills, your experience to build a real sales team that's making real money by onboarding merchants that want to participate and accept a new currency. I mean, like, why hasn't anyone else done that? Why is no one else out there getting terminals into business owners' hands? Why aren't they doing it?

Second piece, which we have two and a half minutes to explain, which is CryptoPop. I told Mel, I'm like, you don't have to be there right at seven o'clock because we're probably not going to get to Crypto Pop until like, I don't know, twenty, thirty minutes in. Here we are, fifty six minutes in. Let's talk about Crypto Pop real quick because it matters. This is the other side of it. And we've been talking about it for a while, saying we got to have something in there for both.

The merchants, the business owners, and we've got to have something in there for the consumers. Crypto pop is the part that's in there for the consumers. Show up, get pop. It's small business support gamified. Show up at events and local merchants, scan a QR, earn pop for every real world interaction. And it's not just supporting the small businesses.

There's a lot that goes into it. We had a fourth of July kickoff at the Lake House, but this is where you'll go to find the limited seats that are going to be available for this Wednesday's event that's taking place. Where did we say it is at the Spring Hill Suites in McKinney? Correct. So I'll have the information here in about an hour for you to go and register for the event. Remember, we've only got about forty seats left.

Please don't go if you're not serious about getting involved as a salesperson with a professionally managed sales program. But this is where it'll be in just the next few moments. But I want to show you how this thing works. Right. So what we're doing and somewhere in here we've got who's earned already. What we're doing is we are creating a program that gives you rewards for participation.

So you can think of it like a leaderboard or a point tracking system. Our whole mission is onboarding new consumers to the crypto space. We're looking at three target markets out there for people that are going to go out and support the merchants that are coming on that you're building out there through the Nectar Pay program. We want to bring the merchants on board and we want to say, merchants, guess what? We're going to bring you new customers you've never seen before and they're going to pay you in this currency. There's no fee, no chargebacks, no downside.

You can't lose. We're going to drive those customers in the door. How do we know that? Because Tim and his team are only going out there and bringing on merchants that they're going to shop at. Hey, barber shop, I come here for a haircut every week. How would you like it if I paid you three percent more than I'm normally paying you?

Then I'd get rid of the chargeback risk and you get the money right now. So we're bringing merchants on that we're already familiar with and already shopping at. That's the low hanging easy fruit. But we also have fifteen thousand people around DFW that are part of our Texacoin mining program. We're going to reach out to them. We're going to say, go, go, go support these merchants.

We've got people all over the world. We've got a huge audience in DFW. That's why we're starting in DFW. Number two, we know that there are crypto people everywhere that have their own wallets that are looking to support merchants as well. We won't tell you who those guys are. We're developing those relationships.

We're building the merchant network. And then we can go back to them and say, come spend, shop with us. You want to use Bitcoin cash? Sure. You want to use Dash? Sure.

You want to use Litecoin? Sure. Let's go. We can support all of those things. Bring your community to our small businesses. Let's go.

But our real goal is to bring new people in. Look at what we did with Texacoin. We brought fifty thousand people together to become miners. Probably eighty, ninety percent of them are brand new to the crypto space. That's a big contribution to the crypto industry. I got a goal.

The number is like ten million, but I think we can onboard worldwide like ten million new crypto consumers. We'll provide them with an experience that makes it easy and fun for them to go out through CryptoPop and learn how to download a wallet, learn how to add money and go through the difficult on-ramping process that's not real easy. Hopefully, we can make that extremely easy with the banking relationships and the money service business licenses that we're setting up. But we're going to onboard those people. We're going to teach them about crypto. We're going to help them get set up safely so that they don't get scammed, so that they're able to spot a bad actor in the space.

We're going to connect them with cold storage wallets. Tim, there are cold storage wallets that work with Beekeeper and Nectar Pay and Crypto Pop sitting on your desk now. We're going to use that powerful coin that we used to onboard all of these new people into Texacoin. We're going to use the same tools now to onboard new people into the retail side of it. No risk. We don't have to ask them to take a leap of faith with us.

We just need to have them go out there and be willing to spend some time together. Now, if they download and install the wallet, we'll give them ten pop right away. If they come out to an event, we'll give them twenty five pop. They bring a friend out to the event to learn. We'll give them another twenty five pop for every person they bring along with them. And then we'll give them pop as they go out and complete these activities.

Maybe it's a scavenger hunt. Maybe it's support this new coffee shop that just joined our merchant community. Earn more pop. And as they're earning more pop and they're increasing their rank in the pop system, they're getting rewards. And these are things that we're buying off the merchants that are coming in. We're purchasing bulk gift certificates or cups of coffee or slices of pizza.

And then we're awarding those things. Mel, that's your job, by the way, the reason you're here. You know, imagine Tim brings on a merchant on Monday and says, hey, merchant, come on board. We're going to charge you for this terminal. You're going to pay for your service, but we're going to bring in new customers. And just give us a couple of days to prove exactly how profound that impact is for you.

You call up that merchant on Tuesday. Hey, I see you just joined the crypto business community. I'd like to buy a hundred cups of coffee off you. Would you give me a discounted rate for those hundred cups of coffee? Because I'm going to send my poppers out to your business next week. And I'm going to drive them in the door.

You're going to sell them a cup of coffee. They'll have a gift certificate for it that I already bought and paid for today. But your job is to sell them a pastry along with it and give them a good cup of coffee. Great customer service experience. So they come back and spend crypto with you again and again and again. Why?

Because every time they come and support you, they get a reward. And they're constantly competing to stay high up in those levels to get those free bonuses that are coming out from the things that you're earning and acquiring in the merchant network. So it becomes this self-reinforcing cycle, the same way we did it with Texacoin mining. We do it now with Nectar Pay and Crypto Pop. We don't have any more time tonight to get into the exact mechanics and details of it, but I'm so excited to have Mel here because you're a great person. You're a lot of fun.

You've got a great smile. Everybody likes Mel. And now your job is to work with Tim as these merchants come into our world and say, hey, let's help drive new customers into your shop. They might be from Texacoin mining. They might just be crypto people all over the industry. But I'm going to drive them in here and you're going to set up a rewards program.

So maybe they get a one percent reward every time they shop here. And that reward builds up on Texacoin layer two so that they can easily go in there, scan and redeem those rewards later. earning pop through the participation. They're bringing on friends to earn more pop. They're onboarding with wallets. They're adding stable coins into their balances.

And the more they support the merchant network, the more pop they earn, the more rewards they get. We'll cover the mechanics of that more in detail next week or the week after that as we get specifics and the website comes a little further along. But the idea is for us to create incentive on both sides, for the merchant and for the consumer. And if we have a good user experience, if we can make it so that you can quickly tap to pay or scan to pay, and it doesn't take forty five minutes for you to buy that five dollar cup of coffee. If we have a good user experience, it's easy, it's fast, it's reliable. If the buyer knows what they're doing, the seller knows what they're doing.

It's not uncomfortable. And there's incentive for both sides involved. If both parties have some sort of tangible benefit, it's going to work. And we might just be the ones to get crypto to become money once again. Gage, is there anything you want to say to double your word count for tonight's call? Well, there's one thing I've been thinking of.

All this sounds really, really awesome, Bobby. I'm guessing there's a lot of people on this call that's putting two and two together and connecting the dots. And as a Texacoin miner, if I'm getting a hundred mega hash, right? If a Texacoin miner goes out there and puts ten thousand terminals out there. That would be like a million mega hash. Are you saying that you want to be the guy to reach the million mega hash club first?

That thing is still there. There's a two million dollar cash bonus for the first person to acquire a million mega hash. Well, we haven't talked about that. I wanted to make sure that was still on the table. It's still everybody out there knows. Guys, look, we got a great future.

I'm coming for you. We got two weeks before our trial. We got two, three weeks after that for a verdict. And then we've got the rest of our lives to spread the message of peace and prosperity with honest money. We've got our whole lives to make this work. Don't get fixated on one market.

Don't get fixated on one exchange coming or going. They're going to come and go. The market will be up. The market will be down. But honest money matters for everyone forever. That's our opportunity here.

We've got a financial technology in our hands right now. Let's not let it slip through our fingers because the market dropped twenty percent or because an exchange delisted our platform or because we got a cease and desist in a state or because we got a verdict that we didn't like. We have to keep going. We've got to continue to come up with fun, clever, creative ways to get people to think outside of the dollar. Because the dollar's lost ninety nine percent of its purchasing power in the last hundred and thirteen years. That can't go on forever.

Anything that can't go on forever won't. We need to prepare ourselves. We need to prepare our families. We need to prepare our communities. We need to make money along the way. Go figure out how to profitably sell a terminal.

Create a benefit for a merchant and a benefit for yourself. And when we add in that consumer benefit, we complete that entire circle. That ecosystem comes together and the crypto grows. Go. Good job. That's what's coming our way.

I'm Bobby Gray. Thanks Gage, Tim, Maddie, Mel for joining me tonight. We'll get more into Crypto Pop as we go. I'll have a registration page set up in the next hour. If you'd like to join us in McKinney for live training on Wednesday, you can join us online as well. We'll broadcast it.

Thanks to Maddie all over far and wide because now is the time. you guys to get comfortable and familiar with using crypto as money it was designed from day one to be a digital decentralized peer-to-peer currency all the tools that we need to actually make that happen are in our hands today and we're doing it now come and join us on wednesday otherwise we'll see you guys again next week for the next honest money text going update with bobby and friends have a good night everybody thanks