The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: John Roy - Water Tower Research LLC - Analyst
: Great. Now Ethereum, I believe there's some news recently on Ethereum layer two stuff with Swift. I'm not exactly sure. Maybe if you could give us
an update of what's going on with the whole Ethereum world.
Question: John Roy - Water Tower Research LLC - Analyst
: Right. Yeah, I know the genius act in the past, not too long ago, was a key element of at least giving a lot of people that seem to be on the sideline.
The push to say okay, we need to look at this for real. Are you really seeing a lot more adoption in that way?
Question: John Roy - Water Tower Research LLC - Analyst
: Now, is that catalyst going to come pretty soon? Is that next six months ish?
Question: John Roy - Water Tower Research LLC - Analyst
: Great. So let's talk about BTCS specifically. What do you guys have going on? What's kind of -- where you guys making progress? What's been going
on?
Question: John Roy - Water Tower Research LLC - Analyst
: No, that's great. That's perfect. Obviously, there's only so much you can really say publicly. With regard to that though, you versus the other Ethereum
players, can you give us at least from your standpoint, what do you view as your differentiation? What makes you different than the other players
that are in the market?
Question: John Roy - Water Tower Research LLC - Analyst
: Right. Well, I've heard it described as a debt plus plus. I'm sure.
Question: John Roy - Water Tower Research LLC - Analyst
: Plus plus, then plus plus, etc. Do you see consolidation possibly coming to the market over the next two years maybe? I don't know.
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OCTOBER 09, 2025 / 5:00PM, BTCS.OQ - BTCS Inc at Water Tower Fireside Chat
Question: John Roy - Water Tower Research LLC - Analyst
: Right. Maybe, you could give us a little color into [ABEY]. I know it's an interesting approach in terms of loaning and borrowing things. That would
be great.
Question: John Roy - Water Tower Research LLC - Analyst
: Right. So that's one of the pluses in the plus plus, I guess.
Question: John Roy - Water Tower Research LLC - Analyst
: Right, I have one kind of more broad question. Other markets, other jurisdictions, are they really at a big advantage to the US coming from behind
or has the US kind of caught up with genius in your thinking?
Question: John Roy - Water Tower Research LLC - Analyst
: Well, great. Well, a final question. I know you've given us some of the view into the third quarter a little bit in terms of what you can say. Maybe if
you take a step back, take a broader view, what's going on multiyear, international expansion, maybe not so much, more of the same, more features,
kind of what's your thinking as CEO?
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