Crypto Pop Tap-to-Pay Demo and NectarPay Merchant Readiness

yeah am i frozen now am i still frozen tell me i'm not frozen maybe people can say in the comments commenters tell us am i frozen or is it just maddie this time hopefully it's just maddie maybe i have to switch over to another connection i don't know if i've got anything else i could turn off my bpn But that would be terrible. That would take me completely out of this call. We'd have to go to another commercial break. Or Maddie could teach you something new. Give us some feedback, people. Am I here? Am I frozen? Kevin says off and on. Brian K says nope. I'm going with Brian K's answer today. Well, what's up, everybody? Bobby Gray here, somewhat frozen, on and off. Joined by my co-host, best hat guy of the week award, Matty. Thanks so much for being here. I might have to stick with glasses tonight. Is my audio freezing as well, or is it just my video? Just video. Great. Okay. Well, let's see if we can deal with that in a few minutes. In the meantime, we'll start by saying hello. Welcome to week one thirty five. This is probably going to be the most boring call we've had in a very long time. Boring doesn't mean uninformative. It doesn't mean not educational. It doesn't mean not important. It just means that today was a work day for me. Today was like work, work, work day. I even skipped this morning's executive call. We have a call we do every morning, seven, fifteen AM. Today I said, no, no, no, no. Too busy. Which I don't do very often. I've probably only done it once or twice unless I was on a plane. But I don't know if you saw the little desk cubby that I'm in right now with all the post-it notes up everywhere. Holy crap, there's a lot going on. And I was extremely productive today, which I value. What do you think, Maddie? Should we try turning off the VPN? Um, sure. It's going to break the connection. You got something fun to show us while I disappear for a minute. Yeah, I do. All right. Show us something fun. I'm going to turn off my VPN and see if that helps. Okay. Burb. I started TechCitcoin because I feel like most of those guys that got into Bitcoin early have since retired, taken their fortunes and floated off into the sunset, or in some other way, abandoned that idea of digital decentralized peer-to-peer currency. I mean, you know, as well as anyone, the importance of actually using an alternative currency as a currency, circulating it, accepting it, trading it, spending it. Like guys today are talking about turning it into digital gold and treasuries and creating stores of value. And that's an important function of money, of course. I think freedom dies last in Texas, because in Texas, you folks are going to be willing to do whatever it takes to preserve freedom, even if, God forbid, the U.S. should fall. I think Texas is the last holdout or one of the last holdouts. Well, let's hope it doesn't come to that. How's my frozen-o-meter now? It is not frozen. It's very warm. Much less frozen than we were a moment ago. A couple of good clips there. Thanks for playing those. So, you know, I had a thought the other day, I think maybe you and I even talked about it yesterday in our chat about how we might be living at the end of the age of cryptocurrency. What do you mean by that? I'm trying to see if we can improve our like back and forth communication skills. I mean that like we were looking at some charts the other day and, you know, for us, we hit an all time high back in September, twenty twenty five. And, you know, if you look at where we were then and where we are now, it's a pretty big gap. But if you take out like the last quarter of last year in January and start us in February right at our cease and desist at twenty cents, we're only down fifty percent and we bounce back and forth between ten and twenty cents. And so if you compare us to the rest of crypto for twenty twenty six basically, we're not that far off. We're kind of holding the line and as I tried to dive deeper into like what's happening outside of our world, we've got a big world. It's exciting. There's so many new developments that are, all designed to take us to where we want to go. But outside of our world, there is another world. And we compare ourselves from time to time to like what we're doing, how we're doing and how the rest of the crypto space is doing. Well, in twenty twenty six, nobody's done anything, nothing. Most guys are down ten, twenty, thirty, forty, fifty percent. We looked at Ripple the other day, down fifty percent. There was supposed to be some big news about Ripple today. Did you hear big ripple news today? They got like approved for a bank or something. They got a banking license and the market didn't seem to care. It's down. You know, it's like, if you look at it on a one week chart, it's up a little bit, but over the last, you know, from the beginning of, about the same timeline that we're looking at from February. Ripple was at a dollar eighty in February, dollar ninety. And they're at a dollar thirty today. And so, you know, we're treading water and, you know, I don't look at our price a whole lot, but every once in a while we stop and and You know, do a quick glance and comparison. But my point is back to the original statement is like, if you look at Bitcoin, it obviously has its ups and downs as well. But if you look at Bitcoin retail adoption, it's at a nine year low. And so. Where did that growth and money come from over the last nine years? Because nine years ago, in twenty seventeen, Bitcoin was at twenty grand or a thousand bucks or a couple of months later, they were at three grand. So if you say that like Bitcoin was somewhere in the five to twenty thousand or ten to twenty thousand dollar range and now they're eighty thousand dollars. You know, that's four or five X bigger. It didn't come from retail adoption. It didn't come from individuals. It didn't come from guys like you and me that are sitting here saying, hey, cryptocurrency seems like a good financial technology. We should use it. It came from the banks. And so now this whole conversation in crypto is about the banks. And. It's hard to find people today that actually understand what crypto currency actually is. And we talked about it a little bit on Saturday during our marathon about how weird it is when you ask a business owner, hey, do you guys take crypto here? And they laugh. They're like, well, what's so funny? And they don't think of crypto as a currency. If you ask them if they accepted paper dollars, they wouldn't laugh. If you ask them if they, you know, over here in Europe, do you guys accept, you know, Deutsche Marks or, you know, Franks or something? Like they might give a chuckle because they haven't done that in a couple of years. And the euro is circulating, you know, most commonly now. But if you ask them if they take crypto, it's like straight up laughter. So people don't really think of crypto as a currency anymore. And so the question is, are we living at the end of the age of crypto currency? Not Bitcoin, not like, you know, tokenized stocks and RWAs, but cryptocurrency. And if you pause for a moment and evaluate that question fairly, and you look at the numbers and the decline in retail adoption and the non-existent use of crypto point of sale and commerce, then you realize that the work that we're doing is like core Bitcoin, twenty ten kind of work. Like most people have no idea what that is. But let's look at the timeline. Bitcoin white paper was published, I think, in two thousand and eight. The first block was mined in January of two thousand and nine. What was it? January fourth, two thousand and nine. We've got the very first block of Bitcoin mined. Yeah. And the white paper came out on Halloween of two thousand and eight. So we're we're coming up in a few days on the anniversary of that. And the first commercial transaction, which I don't really think is a commercial transaction, happened on May twenty second, twenty ten. And so we're in like core early Bitcoin era. You got to think about it. When Bitcoin was going through two thousand nine, two thousand and ten, people weren't saying, well, we're going to need more RWAs linked to this thing. We're going to need more dApps and Web three or else Bitcoin's never going to make it. We need more smart contracts like none of that existed at early Bitcoin. Two thousand and nine was a couple of guys sitting around mining it by themselves on their home PCs. And then in two thousand and ten, May specifically, we've got Bitcoin Pizza Day, May twenty second, twenty ten, which I think is not even true. Basically, a broker converted Bitcoin to cash and paid for some guy's pizza. What that means is like Domino's wasn't like, yeah, we'll take Bitcoin. That's a great idea. Some guy that was in maybe the room or on a website with some other guy was like, I'll take your ten thousand Bitcoin and I'll use my credit card to get the pizzas for you. It wasn't the merchant accepting it, it was, you know, there was an exchange, there was an intermediary there that. that brokered this first commercial Bitcoin transaction, which wasn't even really a Bitcoin transaction. Bitcoin changed hands, pizzas were delivered, but on the whole, it wasn't like one person on planet earth saying, I would love to accept Bitcoin and somebody else on planet earth saying, I would love to spend Bitcoin. Look, we've got a match. And so we're going back, what we're doing we're doing as texit coin as a community of individuals advocating for honest money is we're going back to that's where we are today you know we're a year and a half or two years into the whole cryptocurrency timeline we're two and a half years hundred and thirty five plus weeks into our timeline we're very very early in this time machine of ours going back and recreating what bitcoin did years ago and so we've got our work cut out for us and we're doing so much and we've come so far and i think we've got way more going for us than bitcoin had when it was two and a half years old But we spent a couple hours this past weekend on Saturday going back to the very beginning of all this stuff, talking about wallet adoption. And the reason is because when we set out, we've got a couple of milestones in our timeline. January, twenty six, twenty, twenty four. I mined the first block in McKinney, Texas. Early April, I think it was like April third or April fourth, I felt good enough about what we had going that I was comfortable asking other people to give me money. And so my daughter put money in, my neighbor put money in, my other neighbor, my dad, a couple of people, more neighbors. The next thing you know, we've got this mining program that's working and growing. The mine's growing. And so that is what we talk about when we say one hundred and thirty five weeks ago. That's what went down one hundred thirty five weeks ago. We started asking people to join me on this journey. And so thinking about what we've accomplished in that one hundred thirty five weeks is really spectacular. But one of the things that we missed was like forcing, requiring people. expecting people to actually use the tools that we were building. We had lots and lots of trades. We paid for a lot of our print material and Texacoin. We saw people buying and trading gold and silver with Texacoin. There was a lot of trading. Now, one of the things that we didn't do is we didn't like try to gatekeep it. You can download the app. You can load up your wallet. You can pay peer to peer. So we're not tracking it all. And one of the questions that the attorneys asked was like, well, who's actually using it? I'm like, I don't know. I don't know. Well, it would be really good if you did know. Maybe it would be really good, except that's not how peer-to-peer digital decentralized currency works. People just use it. They don't have to report back to you or ask you for permission. It's not like I'm running a bank and everyone's got to go through me in order to exchange value. That's the whole point. So we really can't track it perfectly. You can look at the chain. You can see how many transactions happen on the chain. That's easy enough to do. But we don't know exactly what those transactions are. Not important. Point is that we didn't push people enough back in the in the early days. To use these tools. In fact, you know, you would get your cold storage coin in the mail and most people just threw it in the safe, locked it up and forgot about it. And now we're going back to that community and we're saying, hey, we've got some businesses that are now accepting crypto. We need you to go and spend. Well, how do I do that? What do you mean? How do you do that? You take your crypto wallet and you add some value and then you go and you scan the QR code. I've never done that before. What do you mean? It's one hundred thirty five weeks, man. It's time to go. We're ready to go now. And so shame on us. No shame on them. And it's nobody's fault. We couldn't have known where we'd be and when we'd get there. But we have all these tools today that we're able to use to actually get people to follow through on our mission's goals and objectives, which is a community currency. And so we're the guys that are... walking back through those very early steps of cryptocurrency and dotting our I's and crossing our T's. And am I freezing again? A little bit, but I just wanted to jump in and tell a quick story that's right on track here with what you're saying. You got to be more aggressive with the jumping in. All right. Well, here I am. Just stop me. Look, I've been in crypto for ten years, and yesterday, I was the most shocked I've ever been in my entire crypto career. And I was walking somebody through how to use the Texas Stable Dollar, how to use the the beekeeper wallet and the honest money wallet. And we jumped over to MetaMask and I still can't believe it. So I'm in shock. It's my first time hearing this story, by the way. MetaMask took away the receive button for crypto. So there is no address that they will give you if you open a new wallet. If you download it onto your iPhone, there is no way to receive crypto. I guess you just have to buy MUSD or you have to buy crypto using their services. I guess it's also possible that if you do that, then it opens up the ability to receive. But I've got this person I'm onboarding sending me all the screenshots. I can't figure it out as a crypto expert. There's no receive button there? There's no receive button. They will not tell you your ETH address. Wow. Undisclosed. And so when I look at Texacoin and the honest money ecosystem and I see, you know, that we did this huge eight hour stream just this last weekend where we're teaching people how to use a wallet that does tell you you receive address and it is not pushing you into prediction markets, gambling on, what the Fed whether the Fed chair is going to say good afternoon or not, you know, all these forms of gambling and centralized custody that isn't even crypto in the first place. And so I get really fired up. I get excited because while we're building better things, the rest of crypto is building worse things. It's so wild, man. And I don't question it because that's exactly what you said. What these guys do is they push you towards a revenue generating tool that gives them maximum insight and compliance ability. And it's really funny because the industry is taking it there by itself. It's not like the government's calling them up every day and being like, okay, now we need you to get rid of the receive button. What they're doing is going, we don't want to break the law. We want to keep our banking relationships. We want to keep doing this thing that we're making a lot of money on. So we're going to err on the side of caution and continue to be more and more and more restrictive and less and less and less crypto so that we don't even have to come close to... you know, money service business or currency transmission or whatever the things are that they could get into trouble if they tried to do. And so it reminds me of like the social media companies going out of their way for censorship. Mm hmm. It was like, does the government make them? No, no, no, no. We have our own rules. Then the government goes, well, that's great. We didn't even tell them to do that. In fact, we really couldn't have because of all that stupid free speech nonsense that we like, you know, saddled ourselves with two hundred fifty years ago. And so everybody uses these big social media giants. We'll just let them set the rules. And now we're seeing the same thing with crypto. Everybody has this account and this account and this account. We'll just let them set the rules. That way we don't have to worry about meddling around in money, which we don't really have any right to legislate away from people anyway. So we might be... What's left of cryptocurrency? Right. The truth of custody version. You know, look, there are guys that are out there. I think they're few and far between. And, you know, one of the challenges that we had that we knew that we were going to have from the beginning is making it difficult for those guys to be friends with us. You know, anytime you show up at some place like with that network marketing thing, oh man, people know your story before you even open your mouth. You start drawing lines and circles on the whiteboard. They don't want to listen to anything else. It's like, well, we're trying to bring a community together. We already know full well that we're going to make it very difficult for mainstream crypto to accept us because this has gone bad so many times in the past. But we got to build a community. There's a brand new exchange out of India that just went from nothing to five hundred thousand users. And then our friend had a conversation with the founder. They're like, how did you do it? He goes, network marketing. It's a powerful tool to bring community together. It's also full of sliminess and scamminess, which is, you know, something that gives you a tough reputation that you have to overcome. And so now we're going out to mainstream crypto and we're saying, hey, come shop at our merchants, come spend money on our terminals. And they go, aren't you those like MLM guys that have that cease and desist in Texas? Well, kind of. It's a part of us. I can't pretend like that part of our identity doesn't exist, but let's make the best of it. Anyway, I digress. What we're talking about is we're building tools to make it possible for people to exchange value with each other without having to go through a bank or an intermediary. And that's an important thing. It's especially important as the dollar continues to fall apart. It's especially important as the banks continue to get more restrictive. Just this past week or so, we had our American Express account closed. They closed the platinum card, took the million points, shut down the business account, shut down the personal account, No explanation. Zero. We don't even use that for any. We use it strictly for travel purchases, business purchases on the Amex card. Spend fifty grand a week on that card. Gone. It's like, damn, the banks strike again. How do we let ourselves keep getting back to the spot where the banks have such an ability to like annoy the heck out of us? So we're building tools and we're going back to our community and we're saying, look, we have to really understand these things. If I have to spend eight hours with you on a Saturday, breaking all this down, going from top to bottom, start to finish, let's spend this day together. Let's record it and let's make sure we know how to use these tools because we need you on this next step. That was the big question back when we started, by the way, where's the merchant directory? Where can I go? Tell me where I can go and I'll do it. And we said, well, we're not really there yet. We're building a community right now. We're building the mine. We'll let you know when it's time. Okay, well, it's time now and we're ready. So let's go. I'm not interested anymore. I'm too busy. Don't know where my wallet is. Don't know how to do it. So we're going back to those people and we're saying, it's time. Let's go. Let's have some fun. And I don't know if you remember, but on Saturday, I did not do a spectacular job of showing us wallet number three. Remember wallet three? What? Wallet one. the honest money mobile mobile money wallet two is the beekeeper wallet and wallet number three is the crypto pop-up let me get my screen set up here and we will do a screen share okay um so get ready to have a chuckle get ready to have a really really really big laugh trolls this is your moment this is your moment trolls i am counting on you guys in the next thirty seconds to just really fall out of your chairs okay so we built nectar pay It kind of happened by accident. It's become a huge project for us, huge investment in it, huge expectations from it. But I reached out to the community and I'm like, yo, where is our directory? Where is our merchant directory? Everyone's been asking about it for a while. We've got it somewhere, right? they're like i don't know i don't really i don't really know i'm like well that's weird and so i did some clicking and i found one one merchant now there are more down here but these guys have incomplete profiles i found advanced nutrition health and beauty in lake jackson texas that is a fully onboarded Nectar Pay merchant, has the wallet set up, everything linked together. It all works the right way. They've like done their setup part. They're in there. I was like, one? me we've got more than one merchant in there that's like well yeah we have probably about a hundred and forty right now but they're in disrepair they don't have their wallet set up they don't have their profile set up they don't have uh their listing set up so now we have to go back through all these different nectar pay merchants and say okay we got to finish this because it's time we're putting you guys on the map we need to promote you guys we're like dragging our community And saying, let's go. We need to support these businesses. We asked them to take it. They signed up. Now you guys need to go out there and shop, shop, shop. You could shop at the big box retailer. If you can find similar quality at a similar price, then we need to support that small business owner. Let's go. So I started digging and I found one. And I said, okay, I got some work to do here. We're going to need more than one for this to be considered a success. So trolls have at it. Get to laughing, get to posting, get to blogging and realize that this is a weak spot here for us that really needs a lot of attention. And I spent time on Saturday talking about Nectar Pay and Crypto Pop. Nectar Pay and Crypto Pop, two sides of the same coin. you've got a bunch of businesses that are willing to accept crypto and nobody that wants to shop there you missed it you got a bunch of people that have crypto and want to spend it no place to go you missed it so you need both sides of that equation now we're looking at a bunch of different iterations of preformed communities. Tim got into it a little bit on Saturday talking about some of the specific initiatives that he's working on so that he doesn't have to worry about like, oh, I signed up all these merchants. There's no customers. So to make his job not easier, but more wholesome, to make his work more wholesome, he's got a couple of different initiatives, but we're still committed to Nectar Pay and Crypto Pop. And the one wallet that we didn't spend a lot of time talking about the other day was the Crypto Pop wallet. And so I want to just take a few minutes and go through Crypto Pop today, talk about what it is, talk about what it's supposed to be, and show you what I accomplished because those trolls will be getting up off the floor and like not laughing anymore. Ready? Let's go. So I'm just trying to think about how I can do a screen share because I got to show you multiple things at the same time. Let's stop my screen share there. Let's go back to this. Let's do a screen share again, but I need to show you the entire screen this time. And it's going to be really awkward because as soon as I do that, it's going to like show one of those like limitless mirror things. So let's see how fast I can get off of it. Oh, we still have it there a little bit. Okay. So I'm sharing my entire screen and I, there we go. And now I've got my wallet loaded and my Crypto Pop. And so Matty, can you still see me on the side of the screen? Yep. Great. Then my work here is going well. So just to talk about Crypto Pop real quick. The idea of Crypto Pop is proof of participation. And what we want to do is we want to start to create an incentive for people to actually go out and support the businesses that are Nectar Pay merchants and taking crypto. And the reason we do it is because right now, if you go into a business, there's like a ninety nine point nine, nine, nine, nine, nine, nine, nine percent chance that they take a credit card. In fact, it's more likely that they take a credit card than they take cash at this point. Maybe they're about the same likelihood. I would say that like, let me ask you this question, Matty, what do you see more often? A business not accepting credit card, like a real business or a business not accepting cash? Which one do you see more often in the marketplace? Yeah, I would say I don't see either much at all. Dude, if you walk around Main Street McKinney, you're going to find businesses down there that don't accept cash. Wow. And I don't think I've ever once in recent memory come across a business in McKinney that didn't accept a credit card. What about the people that are tuned in? What do you think is more likely? We don't accept cash or we don't accept credit card. I'm talking about in a brick and mortar situation. Not like with your local lawn guy or with the babysitter that comes over like once a month on a Friday night. Like she probably doesn't show up with her credit card terminal in hand. Yeah. I'm talking about like a business. You go into it. You go into a restaurant. Like when was the last time you sat down at a restaurant and they're like, by the way, no credit cards accepted here unless their terminal's down. They're probably going to take credit card. And more frequently, I have found businesses not accepting cash. A little switcheroo there. Forty years ago, it's definitely not the same way. And so when you think about it, you go into a business, you pull out this card, you've got a ninety nine point nine nine nine percent chance that they're going to accept it. You tap it to pay the end. And so they win in terms of the user experience. It's very easy. In fact, it's so easy and so common that most people never even think about it. That's problem number one. They do it really, really well. And then problem number two is that if you're using a credit card like an American Express card, there's a really good chance that you're getting some sort of benefit for using that. Capital One's got its Spark Cash Back program. Amex, you're earning the reward points. Maybe you have a hotel credit card. You're getting travel points or an airline card. Like you're going to get some sort of benefit for using that card. So they win in user experience, ease of use, and they win in terms of consumer incentive. Now, who pays for that? On the consumer incentive side, the merchant pays for it. They're getting dinged to two and a half, three percent plus thirty cents for a transaction, which on a small transaction really, really hurts. If you buy something for five bucks and they charge a thirty cent per transaction fee, that's almost ten percent. It's like five and a half, six percent on one side. And then let's do the math. Wrong button. Don't show anything terrible. Thirty cents, point three over five bucks is six percent. And the two point nine, you're eight point nine percent. So the small business owner is paying eight point nine percent and the consumer is. gets a real simple frictionless experience and they get a point for every dollar they spend, maybe two if it's a special merchant. And so as we look at making cryptocurrency, the money side of it, like a realistic alternative, we've got to win both in user experience and we have to win in incentive or at least be competitive. And so that's what Crypto Pop is designed to do. Crypto Pop is designed to create an incentive for consumers to go out there and support merchants that take payments in crypto. Now that's really, really, really hard because we are not putting our hand in the merchant's pocket to take a fee. If we were taking three percent out of every transaction and a per transaction fee from every time somebody taps and swipes, we can give some of that back to the consumer. We could give some of that to a sales rep that signed up that merchant in the first place. But we're not doing that. We've eliminated that possibility. We don't have a place to put the meter. And so we've made our job more difficult because we're lowering the costs for the participants. but we can't go back to the consumers and the merchants and explain that away, because we sound like a bunch of babies. Look, we need you guys to do this. You're not gonna like save any money, you're not gonna like get anything out of it, but it's important for the children. That only goes so far. You know, people, they like saving money, they certainly want more business, but if you ask them to like rank which one's more important, you know, it's that frictionless user experience that often wins. merchant's willing to pay for that because it's quick it's easy and the consumer gets something out of it as well but it adds up and it adds up so much that the tallest banks in every city i'm sorry the tallest buildings in every city are owned by the banks and that matters and eventually you look at it and go where'd all the money go well you add it up little by little you can figure out exactly where it went so My point about this long-winded explanation is that we have to win in user experience and we have to win in incentive. Or if we don't win, we at least have to be competitive in user experience and in incentive. And that's where Crypto Pop comes in. And so the first part, the incentive part is go out of your way, support these merchants, go a little bit out of your way, support these businesses and earn pop. And then as more businesses come on and as we create more value with those businesses, we're able to trade with those businesses and take some of those rewards and hand them back to the consumers that are supporting those businesses. We also give the merchant the ability to build a like a rewards program. A lot of businesses, you know, use a little punch cards, you know, get ten punch on the punch cards and you get a free cup of coffee. We can do that extremely easily now because blockchain is a perfectly transparent, immutable public ledger that gives us the ability to connect these dots when somebody supports that coffee shop. And so that's the basic idea of CryptoPop. Show up. prove your participation and get those points. Those points then become a gamified platform for us to issue those rewards to the largest participants and supporters of those small businesses. Okay, so that's the basic idea of Crypto Pop. Now, in order for that to happen, we need a wallet that works. And I was not ready the other day to show off the wallet. I am much more ready today to show off the wallet. And what I'm showing off today is a couple features and improvements that I'm extremely proud of. Matty, I might need you to do some back and forth between me and the screen. Can you do that for me? Okay. um because the feature that i built into this um today gives us the ability to tap to pay and it's kind of cool and i want to show it off and so if you go to wallet.cryptopop.org then you link your cold storage coin please use a cold storage coin if you lose your phone or something goes wrong in the tech you can always recover very easily just by relinking your cold storage coin But you go in here, this shows you your balance in Texas stable dollar. Well, earlier today, I had two hundred Texas stable dollar on here and now I've only got one of four. And that's because earlier today I moved one hundred Texas stable dollar off onto this NFC tap to pay card. And then just before we started the program today, I moved another hundred off onto this. Do you see what that says on there? um can't see it okay good enough it says tangent for those who are wondering what it does say and so i set up and linked two cards to my wallet and what these cards do when you link them to your wallet is something very special this is an incredibly special feature that i'm very very proud of What these cards do when you link them to your to your wallet is they create what's called a trading pocket. Anyway, take me off camera for or take off my screen share for a second. And I'll flip back over to my main screen. So there I am. What a trading pocket is. The other day we extensively talked about seeds. We talked about a seed phrase, a mnemonic phrase, twelve or twenty four words of freedom. And we talked about how the new wallet format that we're creating with our cold storage coins have those twelve words on the back. And so your QR code on the new cold storage wallet is a twelve word seed phrase on all the new ones that we're producing. We're only making seed phrase wallets now. The old style has a private key on there. They look almost identical. I mean, if you can like read a QR code like with the naked eye, good for you. But we're talking about QR codes. This QR code is a private key. This QR code is a mnemonic phrase. The difference is profound. It's a huge difference. A mnemonic seed phrase gives you almost unlimited access to almost all of crypto. It gives you access to Bitcoin, to Litecoin, to Dashcoin, to Dogecoin, to ShibaCoin, to Ethereum, to BASE, to Texacoin, to Iskander, to ZeroChill. It gives you access to all of that and not just access to it, but an unlimited number of wallets in all of those things that I just mentioned and so many more. I think like every Ethereum token that was ever issued can be accessed with a seed phrase. You know what's interesting about that? If a seed phrase unlocks an unlimited number of wallets, then one seed phrase unlocks everybody's wallet. You just have to know where to go to look. Right. There's a, there's a website called wallets. What is it? Wallet, wallets.wtf, I think. No, that's not it. Don't go there. Wallets.lol. There's a website, there's a website you can go to and it has every private key ever. and you can just scroll through all the pages and you never will find any money except the money that hackers leave to like mess with you we're talking about an infinity number of possibilities and so every seed phrase unlocks an infinity number of wallets which means that every seed phrase unlocks every other thing you just might take a really long time to get there When you think about a seed phrase, just think magic. Just think cryptographic magic, which is awesome. Okay. Seed phrase is the new tech. The old tech is private key. And so one more time, the old ones had a private key. The new ones have a seed phrase. Here's the important difference. A private key unlocks a single technology. wallet on a single chain. A seed phrase unlocks an unlimited number of wallets on almost unlimited number of chains. So much more versatility. But here's the point. The point is that when we set up a trade pocket, a pocket in a seed phrase wallet, we get one private key that accesses just that one little teeny tiny spot in a wallet. So let's go back to my screen share and I'll see if I can show you what I'm talking about here. The correct website is keys.lol. Don't let my screen get it. Let me get it organized the right way. Okay. Hold on. Hold on. My screens are out of order. Hold on. holding holding my wallet crypto pop that's not it let's try that again got it okay share my screen please so am i back is my screen back yes so when we set up a tap to pay card, we're talking about giving the server access to a specific wallet pocket. I set up this card, which I call black card to pocket zero. I set up this card, which I call Tangent card on pocket number one. You can set up an unlimited number of cards. Each card gets its own unique spot in the chain. When you set up a card, what you're doing is you're giving the server access to a tiny part of your wallet. That's it. Now, there's nothing there. When you set up a new card, there's nothing there. And so what you then have to do is you then have to fund that part of your card. In addition to that, we've got a couple of settings here where it'll ask you for a pin code for any transaction over five bucks. Or it will ask you in addition to that for a telegram approval for any tap above ten dollars or five hundred dollars per day. So basically what we've done is we've said, OK, server, I'm trusting you. I'm trusting you for this one little teeny tiny part of my wallet and I'm going to put one hundred TSD in there. And when I tell you, only when I tell you, I want you to go into my wallet and I want you to spend it and I want you to pay a Nectar Pay merchant for me. Can you do that? You have the ability to turn on and off a particular card. We have the ability to move back the funds out of that wallet if we want to shut it down. We can mark the card as lost and that'll cancel the card and move the funds back. And so what I've done here with this tech is I've set up these trade pockets. Think of a pocket, a little pocket in your wallet, and you're giving the server access. You still hold it. You still control it. You saw the buttons there where you can turn that pocket on or off. You can set a limit. You can move all the funds out of it. You have full control over this pocket. All you've done is you've given extremely limited access to the server for that one little teeny tiny part of your wallet. And that's it. Let's turn off my screen share. Do you want to see how it works? Let me rephrase. Do you want to see if it works? No. All right. So Maddie, feel free to slide out to the side here. There we go. This is my Nectar Pay terminal, as you can see. And I am going to hit the on button. I'm going to swipe up. And there I am on my screen. I am linked in my honest.money store. What's that? It said amount to zero. Okay. It's free. So we know from the rules that we saw a moment ago that I've got to put in a pin code for anything over five bucks. Is that right? Yeah. And I got to do a telegram approval for anything over ten bucks. Right. I think that's how it is on both of my cards that I've got set up here. But let's double check before I go too far and embarrass myself. Black card says five and ten. Yes. Okay. So let's do a transaction for three dollars. Okay. And there's a fun little thing that I added in here. You'll see it in just a second. Do we want to leave a tip? No. Now, normally we have to pick what chain and which currency we want to use. But if we use a tap card, man it knows exactly what you want to do and it goes right through without it now at the moment it takes about fifteen seconds because remember we're doing the whole transaction here we're doing the entire transaction and we're waiting for it to confirm on chain which takes about fifteen seconds so there it is and now it's ready for my screen signature I can skip that And I can skip the email confirmation. And there it is. Wow. It worked. It worked. Said best by my man, Matty. Now, which one did I use for that? I used my black card for that. I think I used my black card. Yes, I did. Okay. So we'll set that one aside for a second. All right. Now remember, we said we had a five dollar limit for pin code. So let's do a five dollar fifty cent transaction. One more time. I don't even have to tell it which currency I'm doing. It's going out there. It's submitting my payment. A couple seconds. It's going to ask me for my pin code. Is it backwards for you? uh no you can see you can see the writing in the right direction yes really i put in my pin code i hit pay and same thing waiting patiently for this to go through as soon as it hits the mempool and it's gone there you go all right So we see that it works with the signature capture. Sorry, we see that it works with the pin code capture. So if somebody puts in the wrong pin, put in five dollars and sixty seven cents. Tap our card. Put them. The wrong pin code. Thinking. Nope. Wrong pin. Let's do a telegram approval. Let's do twelve bucks. We'll charge twelve dollars this time. Oh, wrong button. Go back. Cancel. Twelve bucks. Uh huh. First, we got to put in a pin. Right. Now, hold on. It's waiting. Here we go. Ooh. Black card wants to spend twelve bucks and honest money. Let's approve. We're still waiting over here. We are waiting for the card holders approval. We hit approve. And there it is approved. Couple seconds. I know it feels like forever because Visa MasterCard do this in like, you know, four seconds and it takes us eight. Skip the receipt. And it's done. And that's it. So I hope you guys are as impressed as an, as excited as I am, because first of all, I've been wanting that for a very long time. I've been working on it for about a day. But we have to win with user experience and we have to win with incentive. So imagine, right? Imagine we sign up a school. And the school wants to do school lunches and library books. Do they still have library books? Is that still a thing? Yes. All is not lost. Access to sporting events, paying at the concession stands. And you give each one of your kids a card and you can set limits for each one of their cards. And if the kid goes over the limit, you get an alert and you can approve it on your Telegram or on your WhatsApp. I mean, we've got the tech to have a really powerful currency system. And it's all blockchain. It's all instantaneous on-chain. We can go right now and we can look at those transactions that went down on-chain. They're stamped. Let's see if we can pull it up. Somebody's asking, can regular credit cards be used with that processor? No. No. They can. We haven't linked the two together yet. Matty, can you share my screen real quick? There's the transaction right now. Here we are looking at the TXC mempool. Our average block time is three minutes and four seconds. You can see the block cadence over the last seven days. It's average. We've got two transactions sitting in the mempool right now. Let's take a look at this one. There's an OP return, omni simple send. Check the details. There it is. There's our twelve bucks. with all of our zeros. We got eight zeros that go on to the end of each transaction. And so this is how it shows them. But there's our transaction right there on chain. And if you want to take a look at my wallet, you go there and I've got seventy six TSD left. Sweet. And there's the transaction that's in the mempool. Five minutes ago, we did another one. Well, how much do we do that one for? Three bucks. It's all there. It's all live. It's all on chain. Go ahead and stop sharing my screen. And guys, it works. It works today. It works right now. We'll be rolling it out with all of our merchants and getting their listings cleaned up. We'll put the directory together this week. Oh, share my screen one more time for me there, actually. Because we're working on some other stuff here as well. Mel had a lot of great features that she built into the card, but we've got to get the directory set up. There we are. We're linked in live. We see those three businesses. We can see them in a list view or in a map view. We'll give ourselves the ability to filter them. Give ourselves a distance, seven, five, oh, seven, two, and filter it. How do we change? Oh, there we go. Within, I thought it said, twenty five feet. We can filter it like that. We see two of the three because these are both in McKinney. We've got our event lists going on here and then we've got our pop. And so. Guys, this is my priority for this week is to get this working and to get it working great because we want you to have an incentive to go out and support. You can stop sharing my screen now. We want you to have an incentive to go out there and support the businesses that that are putting their hand up and saying, we believe in the future of money. We believe in a currency future that's controlled by individuals for the benefit of individuals. That's what peer to peer means. That's what we have. That's what we need in order to make this work. Merchants on one side that are willing to do it. Tim's out there working on that with Nectar Pay. Consumers out there that are willing to support those merchants. That's what Mel's out there working on with CryptoPop. And it's all coming together now. And it's all built on TXC. You can see it right there on the chain. Those transactions go through. They go through fast. They get confirmed. And they're part of the blockchain. Immutable, transparent, forever. And it's a great idea. And the tech is amazing, but it's nothing without your participation. So if you like the idea of individuals being in charge of the future of money, then jump on board. Download a Crypto Pop wallet. Link it to your cold storage coin. Get a free cold storage coin. Sign up for an honest money profile. Get a free coin. Stop by our warehouse. Get a free coin. Grab a coin. Get into the game. because there's a lot that we can do. Yeah, we'll connect it with the gaming as well with Zero Chill. There's a lot that we can do once we know how to use these tools. It's new, it's confusing, but we're working on, we know how to do this because we did it already. Alternative complimentary currency is what I testified about in US Congress in two thousand and twelve. That was fifteen years ago. Is that right? No. Fourteen years ago. That sounds better. More than fourteen years ago, as an expert, I testified about the work that I was doing with gold and silver and copper currencies. That's hard. This is easy. Especially now that we've got the tools to make it fast and convenient. Help us get this going. Everyone knows two, three, four, five businesses. See if they want to try it out. Come on board as a contingent merchant. Try it out. Let us know who you are and let our team go to work in helping promote you and bring you new people that are going to pay you in money that's not going to cost you anything, that's going to be in your wallet immediately and not get charged back and pulled out of your pocket sometime in the future if they change their mind. That's what we have with crypto. It's a great financial technology, but it's only great if we put it to work. That's about it for today's call. I thought it was going to be boring. I thought it was going to be like five minutes long. We did a little bit of a demo on the latest tech upgrade. And it's getting exciting now, guys, because it's cool. It works. It's fast. It's convenient. And with CryptoPop pulling its weight, we'll have incentive for you to do that as well. So tune in again tomorrow. our man farrakh and then we've got um texas one update on thursday and much much much more coming very very soon when's tom woods coming over that'll be a week from tomorrow that's another thing we're just announcing now a bit of an all-star there yeah yeah i and and uh broke um is uh like a really big deal in crypto he's got an incredibly high influence score and he's followed by lots of other important people that uh we want to know about texacoin and honest money so yeah check it out tomorrow love it brian yes you can use nectar pay outside of texas you can use it anywhere and everywhere and please do because we've got the financial technology in our hands today that gives money control of money back to the people that counts that matters that's what we're working on every day i'm bobby gray i'm the guy that started texacoin i'm not the founder of bitcoin i'm not satoshi i'm just a guy that decided that he wanted to try to save the world It's a lofty goal, but someone's got to do it. Thanks for joining me, Maddie. Take us away.