Our story

From a dirt road in McKinney to a global movement for honest money.

One guy, one mission, and a community willing to take a leap of faith. This is how we got here — the wins, the cease and desist, and the rebuild.

Before you dive in

A fun disclaimer from the founder.

Two minutes of context before the chapters below.

Streamed via StreamTXC · CID QmZj4NwHbmFrbvW9UfC3FmhtEWzaxA2TjGPbqKZVxi6c3N

2024 · McKinney, Texas

From a dirt road to a global sensation.

It started in 2024 in McKinney, Texas — one guy with a mission to bring honest money to the world in the form of a decentralized, peer-to-peer digital currency. No venture capital. No hype agency. No celebrity advisors. Just a conviction that ordinary people deserved a real alternative to the money being printed out from under them.

The dirt road was literal. So was the mission.

The leap of faith

Risk and trust, the only currency that mattered.

How do you go from a dirt road to a global sensation? Authenticity. Transparency. Risk and trust — given freely and returned in kind.

We started with real experience in complementary currencies. We shared every detail with our community. We asked normal people to take a leap of faith with each other and to help us connect the dots. As the cash came in, we followed through on the promise: commissions paid, the mine built, the coin promoted, a clean shop run.

That's not marketing. That's a track record.

February 2026

The cease and desist.

We always knew the path to the top of the crypto industry wasn't going to be unchallenged. In February 2026, the Texas State Securities Board issued a cease and desist against the project.

But if we're being honest, the real challenges started long before that — when participants lost sight of the mission and got caught up in the money. The C&D was the headline. The drift was the root cause.

Read the full details on the TEXITcoin site

Regroup and reorganize

A deep dive into our own value proposition.

Fixing what went wrong meant going back to first principles. One opportunity stood out above all the others: transitioning to a DUNA — a Decentralized Unincorporated Nonprofit Association — a format strikingly similar to the cooperative model we'd already pioneered.

I'll be straight: I didn't want to give up profits or control. But I knew something fundamental had to change if we were going to face our regulatory challenges head on instead of running from them. So we changed it.

Iron sharpens iron

It didn't kill us. It made us stronger.

We survived. We went under the microscope and came out clean. Not a ponzi. Not a pyramid. Not a rug-pull. Not a pump. Not a meme-coin. Not any of the other labels that get thrown at anything new and uncomfortable in this industry.

What we are is a member-owned cooperative running real mining hardware on a real proof-of-work chain — with the receipts to prove every claim on this page.

What's next

Season 3. Lean and mean.

Now we move forward — leaner, sharper, and more accountable than we've ever been. We burned the boats long ago. Failure was never an option.

The only way out is up.

"We burned the boats long ago. Failure was never an option. The only way out is up."

Bobby Gray · Founder

What's next

You've read the letter. Now poke around.

Everything we've built is meant to be opened up and looked at. Start wherever you're most skeptical.