Texitcoin Article
Back to Basics: Rediscovering the 'Why' Behind Texitcoin
In the fast-paced world of cryptocurrency, it's easy to get mesmerized by the charts, the daily price fluctuations, and the month-over-month growth statistics. But what happens when the numbers aren't soaring? According to Bobby Gray, founder of Texitcoin, that's when you return to the most powerful asset you have: your mission. 🤠
“We can’t really depend on the price of Texitcoin or the month-over-month 40% growth of our community to convince others to join us,” Gray explains. “We get lazy. We end up finding ourselves becoming dependent on the simplicity of that conversation.”
This is the story of Texitcoin's journey back to its core principles. It's a mission that began not with charts and data, but with a simple idea: to create a Bitcoin time machine 🚀, recapturing the original spirit of a decentralized, peer-to-peer, alternative currency. It’s a mission rooted in the belief that crypto is, in fact, the world’s most honest money.
💡 The Genesis of an Idea
In early 2024, Texitcoin was just a twinkle in Bobby Gray's eye. There was no technology, no exchange listings, no history, and no liquidity. There was only a background steeped in alternative currencies and a powerful vision to invite friends and family on a journey to create something incredible from the ground up, starting with miners humming away in a garage in McKinney, Texas.
From Physical Gold to Digital Code: A Skeptic's Journey
To understand Texitcoin, you must first understand Bobby Gray's history. Long before he entered the crypto space, he was a staunch advocate for physical, tangible currency. In 2008, the same year Satoshi Nakamoto launched Bitcoin, Gray started the American Open Currency Standard, creating physical currency from gold, silver, and copper.
“I’m one of those guys that if you can’t hold it, you don’t own it,” Gray admits. His expertise in alternative money even led him to testify before the U.S. Congress in 2012 under Chairman Ron Paul. Yet, when he first encountered Bitcoin that same year—when it was just $5 a coin—he didn't trust it. The intangible nature of digital assets didn't align with his thousands-of-years-proven philosophy of precious metals as money.
It took the better part of a dozen years for the revelation to strike. This shift in perspective came from deconstructing what truly makes “good money.”
💰 The Three Pillars of Good Money
Anything considered good money must fulfill three fundamental roles:
- 1. Medium of Exchange 💱: It must be easily used to buy goods and services. Crypto is flawless here. You can send any amount, anywhere in the world, almost instantly and for nearly free. It's unstoppable money.
- 2. Unit of Account 🧾: It must be divisible and countable. Crypto is almost perfect. A single coin can be shattered into a thousand pieces instantaneously, and unlike physical coins, it's impossible to counterfeit.
- 3. Store of Value 🏦: It must hold its value over time. This was Gray's long-time sticking point. He associated this with the intrinsic, physical value of gold and silver.
The breakthrough came from redefining “store of value.” Gray realized it doesn't mean intrinsically valuable; it means you can use it to get something valuable later. While a gold coin is an excellent long-term store of value, you can't put it in your gas tank. You must first convert it to money.
“While I’m riding my horse and buggy with the blinders on, gold and silver physical, I completely missed that Bitcoin freight train flying by me,” Gray reflects. That train arrived when Bitcoin became spendable at over 54 million businesses worldwide via crypto-backed debit cards. Suddenly, this digital asset could buy a tank of gas or groceries. It was money. And perhaps, the best money the world had ever seen.
Why Texas? Forging an American-Made Crypto
Convinced of crypto's potential, Gray surveyed the landscape. Bitcoin, the original, was slow and expensive for everyday transactions. What about the hundreds of other coins? A deeper dive revealed a troubling trend: many were heavily influenced, if not controlled, by foreign entities like China.
The solution wasn't to join another coin, but to build a new one. The perfect place to do it? Texas. 🇺🇸
“We have everything that we need right here in Texas,” Gray asserts. “We’ve got energy, we’ve got land, we’ve got spirit... But the biggest thing we have going for us here in Texas is that I truly believe that the spirit of Americanism is alive and well here.”
With that conviction, Gray sold his coin manufacturing facilities and poured his resources into Texitcoin, mining the first block in his spare bedroom on January 26th, 2024. The mission was clear: create a proof-of-work, decentralized, peer-to-peer currency built by and for a community that believes in honest money.
Join the Mission: Two Paths to Participate
Less than two years in, the Texitcoin community has grown to over 56,000 miners, and the project is well on its way. The journey is still in its early stages, and there are two primary ways to get involved.
Option 1: Become a Texitcoin Holder
The simplest way to support the mission is to acquire some Texitcoin on the open market. Early opportunities in crypto come before a project hits major exchanges like Coinbase. As Gray notes, “If you had picked up 10 bucks worth of Bitcoin back when it was $2 a coin, you’d be incredibly happy with that risk that you took today.”
✅ Action: Purchase any amount of Texitcoin to join the journey and contribute to its success.
Option 2: Become a Texitcoin Miner
For those who want to be more deeply involved, you can join the effort to build what is expected to be the largest privately-owned crypto mine in the world. For a one-time fee of $995, you can become a Texitcoin miner, helping to build the backbone of trust and decentralization for the entire network.
✅ Action: Take a leap of faith, help grow the mine, make new friends, and even earn commissions by sharing the story.
Important Disclaimer: Cryptocurrency is highly speculative and volatile. It should be treated more like gambling than a traditional investment. Please do your own research, understand the risks, and never part with more money than you are comfortable losing.
The Road Ahead: It's Still Day One
Market cycles are a natural part of any groundbreaking technology's journey. Bitcoin itself saw drops of 80-90% multiple times on its path to becoming a global powerhouse. Texitcoin is on a similar trajectory, navigating its growth with a focus on its foundational mission.
This is Phase One: building the mine, the community, and the trust. With only a fraction of the seats on the rocket ship sold, the journey is just beginning. By going back to basics, Texitcoin isn't just building a currency; it's building a movement for a more honest financial future, forged deep in the heart of Texas.