The Future of Digital Asset Protection with AmericanFortress

Transcript

GMGM. Welcome to what's going to be another fantastic episode of Devontel. So, if you didn't know, Devantel is a 30-minute podcast held every week allowing founders, hackers, and anyone in between the opportunity to come on the show and showcase what they built. And today, I'm ecstatic to welcome back to the show uh Mihow, who is the CEO of American Fortress. Last time he was on the show, uh he demonstrated Swiss Fortress. So, we're going to see all the uh great changes um that have taken place since the last time he came on. And um if you're not familiar, American Fortress is a platform making crypto transactions safer and easier by replacing long risky wallet addresses with simple human readable names. So if you stick around for today's episode, you'll get to rem uh Mihow or meet Mihow for the first time. If uh you didn't

tune in last time, learn about American Fortress and how you can get started with the platform today. All right, let's do it. GMG GM, welcome back on the show, man. I'm ecstatic to have you back on, man. >> Yep. Good to be here. >> Good to be here. Yeah, exactly. Exactly. It's been >> Yeah. Happy post Thanksgiving to you, my friend.

>> Yeah. >> Hope you had a uh wonderful uh turkey day and uh thank you so much for taking the time out of your day uh to come chat with us today. Sounds good to me. Um, we can just jump right into it. Um, >> I will I'm just turning on while that's stuck because I'm going to show you everything here. So, um, >> yeah, >> let me let me know what your what what is your first question. >> Yes, first question. Uh, perhaps u for folks that aren't familiar um would you like to just give a brief introduction about yourself in case they didn't tune in the last episode?

>> Sure. So I'm Miha Pulp Palski. I'm the CEO of Matterify, the co-inventor, um patent writer, CEO, fundraiser, business officer, everything. I we have a a decent decent team, but obviously uh I've been with this project since the very beginning. And uh I me, you know, I grew up hacking. I started hacking at 15. Um and I'm 53, so I've been doing this for for a minute. Um almost 40 years of hacking. Uh so yeah, I started in 1987 and then my first job uh out of college was right right for the I I worked as a contractor for the US Navy. We had a

startup in in Georgetown. We made a a piece of Intel software for the US Navy. Um that got bought and then the next two companies I was uh doing software security sort of like pioneering software security work. Um it was LECG and Sigital. They both got bought out too. So then after that I stopped working for companies. So I had this early run where I was like oh you know if I'm going to innovate you know maybe I should do it for myself and then but basic basically I just want to work on stuff that's like really meaningful to society and really helpful and adds a lot of value. So um that's what American Fortress is. Um, it is a a project that really fundamentally changes how you

know you use crypto, makes it way easier and safer and and really locks out the hackers. So, very excited about that. Um, and because we're about to be in production, we're about the TGE, we got a lot of adoption now, like a lot of different chains are like hopping on the platform. Um, and then you know for those of you that were on the Swiss Fortress one, Swiss Fortress is coming back. Um, but for now we're launching American Fortress first just from the the business narrative that seems to be working better. Uh, and American Fortress is entirely, you know, my effort whereas Swiss Fortress was a client that I was working with that we were working with, right? Um because the regulatory environment for privacy, you know, in America was like so so uh and now it's like everybody's talking about

privacy and we should have privacy and everything and like I have the ultimate solution for privacy. Like you know we basically created a Zcash for all of crypto without mixing. Um which is the holy grail of privacy, right? Because mixed funds are always a problem. So um so actually mixing is optional in our in our system. uh you'll be able to mix on certain chains that's supported like uh Litecoin, Dash, um Zcash itself, but it's not like a thing that the system has to have to function at all. And in fact, it functions just fine with Zero um zero mixing, right, which is awesome.

So, you know, we'll jump into and talk about like, you know, what that is and why, but yeah. So, that's a little bit about me. >> Um >> Excellent. >> Yeah. >> Yeah. Yeah. And uh you you kind of jumped into the the next set of questions I had. So uh yeah, you mentioned uh the last time you were on the show uh showcasing Swiss Fortress, you hinted actually at uh American Fortress. Uh so it's awesome to to toted out. We're starting a merch store in case you like the merch, by the way.

>> Oh, there you go. There you go. So that's happening. >> Excellent. >> And uh yeah, I mean, yeah, a lot of lot of folks on the show love love their merch. U but um this switch up um to the American Fortress side of things. Uh you mentioned it also um just in your introduction how the regulatory landscape has changed. Um I guess could you kind of double click on that a little bit just to get a a founders's perspective of um how much easier it might be to work in the US now if you're a web 3 blockchain company especially for something like you're doing. Well, yeah. So, I mean, it used to be that, you know, the first question we got from

investors, you know, like, you know, pre pre-Trump time was, hey, you know, for for if you're released, is is it going to get banned or is there going to be regulatory scrutiny? And and it was mostly a misunderstanding because even then we've never like our platform has never been a mixing platform. So first of all, let me just explain what mixing is you know and then what's changed in the regulatory you know landscape. So you know first of all you know tornado cash founders like they you know that essentially that's a you know very deliberate mixer right? So so that guy still you know um the founder you know still got in trouble but it was way less trouble than before. Um but then there's a lot of other projects that are mixing

that aren't in any any trouble whatsoever, right? Um and it's mostly seems to be the line seems to be you know whether there was like deliberate action to enable moneyaundering. Um now what we wanted to do is create privacy without mixing whatsoever because no one really wants that liability and neither does the user. So let me explain what mixing is. So so you privacy is not mixing, right? like you you can have privacy without mixing and I'll explain that but most people think that that if you need privacy you have to mix. So what is mixing? Mixing is coming of funds inside of blocks between the users. So that like if Alice sends to Bob say 10 Ethereum and it's in a block where there was say you know 10,000 Ethereum you know that was the volume of the block like the total amount of

trades. What happens in a mixed scenario where um and you know Zcash would be a better example of this because in Ethereum uh the only way you can do this is very deliberately with with tornado cache but um in that particular block all the funds are comingled yet you know Bob still gets his 10 Ethereum or 10 Zcash right so so there's a mathematical guarantee that you know all the money from everybody that's transacting that block goes into the the big tumbler right the washing machine and then at the end They all get the money they're supposed to, but all the money was mixed. So when you mix, it's a cryptographic guaranteed that like, you know, if you bought coffee, but somebody else bought cocaine in that same block, you're mixing the cocaine

money with the coffee money. 100% guaranteed, right? So it's a problem because it's a cryptographic guarantee of moneyaundering, right? Like like lit literally it's it's washing, right? So obviously criminal enterprises have been you know using this feature and and so the regulators are right in that yes it's a it's a it's a problem and it's a pro problem in law enforcement right um now um what do you need to do to so so then let's talk about the meta you know but but um ultimately you know I'm also a privacy advocate and I'm promixing like I I I want the user to have the option to do it if they really really want to.

There is just consequences that that money, you know, later on you may not be able to deposit into an exchange, etc., right? And you may not be able to use it for certain transactions. Um, now, but but most people just, you know, kind of do it and they don't realize like why they're doing they just think it's privacy. um you know so what the the meta that's shifted is uh essentially you know it's been ruled that software that that does this you know is not illegal right like it the software is okay um it's the you know deliberate misuse of it that would be um the software is okay the deliberate misuse is not okay is the general line right um so you know but the other thing

that's happened is Zcash blew up like you know I don't know what their charts at today but it's it's uh hold Let me see. Zcash Zcash USD. Oh, it's still up at 500, right? So, it's still like 8 8x versus what it was like two months ago. So, um now why did that happen? Well, people started using it. But what did they use in in Zcash that you know, but if you look at other privacy tokens, for example, it's like the only things that pump pirate chain, Dash, and Zcash. Now, I don't know pirate chain. I don't know it specifics.

because I haven't gone into that but but I I know exactly how Dash works as Dash is one of our partners. Um and I also know how Zcash works because um the you know super familiar with this project um given that they were one of the first implementation of stealth addresses and and so were we. So these chains they don't they don't mandate the mixing on Zcash only 30% of the volume is mixed. So if you look at like the the statistics on chain only 30% of the funds at Zcash are you know locked or in what they call shielded addresses. So shielded addresses in Zcash speak means that they're mixed. So what's happening with the other 70 like what what is that right? Well that just uses stealth addresses. Now what are stealth

addresses? Stealth addresses are essentially 80% of what you need for privacy. Um and let me explain what they are. So, uh, you can do a stealth address manually, right? So, you can open up your Bitcoin wallet and and I know that Narb is going to send me money and we're talking on Telegram or whatever, right? And I'm like, "All right, Narb, I'm going to make a, you know, special address just for you. I'm going to just, you know, hit my next address generation key and my HD wallet. It's going to give me a new Bitcoin address. And now I'm gonna take that address on Telegram. I'm gonna give it just to you. And now only me and you know this address." And that's it. That's a stealth address, right? So, um, you know, the cool thing about stealth addresses is that, um,

now, you know, you can send me this crypto and because we didn't publicly reveal, you know, this address to anybody. It's just me and you know about it. It's a stealth address. Therefore, no one knows that me and you transacted, right? Um, so the problem with that is obviously really clunky. So the way like uh Zcash solved it is in Zcash the address that you give the counterparty is actually a payode. It's a different type of cryptographic primitive. Um we're very familiar with this because we invented pay codes that you know Justice Randere the inventor of Bit 47 works works here right so so um and you know BIP 47 was pay codes for Bitcoin so it was

essentially like you know Zcashesque for for Bitcoin. Um, but it didn't get a lot of adoption. Um, and I think, you know, one of the reasons is is that it's, you know, still really hard to use and it there's some difficulties. So, first of all, let me explain what a pay code does. Well, what a pay code does is let the counterparty automatically generate a receive address for me when you get the pay code. So, I can hand out the pay code to everybody and I can even publish it online, say, this is my pay code and now anybody that uses that pay code um will be able to generate a stealth address. Now the problem is that this only works for Zcash right?

Um and the other problem is okay even when you generate this stealth address like you know you as the receiving wallet like I wouldn't know that you know you sent me the money nar I would just know that oh look I got another stealth address right so so my wallet's still going to have all these random addresses and random inputs from people and I'm not going to know like who I got the money from and if I send it to someone I'm still not going to know who I sent it to right like you know I could track the pay codes again where I'd be like all right so so the problem is now you um twice as much mental mess for people to track. Now they got to track addresses and be like this transaction was from so- and so and then this pay

code that I used to generate this. So it's it's it's difficult to use, right? So the breakthrough the patented breakthrough um at American Fortress is that we made all this just like just like first of all we made stealth addresses for all the crypto. So in our tech, I don't have to modify any chains and I just have stealth addresses for every chain, every token that we just write a driver for. And um almost without exception, there's very few chains that require any modification for our stuff to work. It's like 99% is already compatible, right? So um I can even show you, hold on, I'm going to show you the adoption slide.

So uh give me a second. I need to throw down another a new screen share here. Oops. Let me stop that screen share. Throw in the new screen share. >> Right. So, um, there you go. >> Yep. >> So, and don't worry guys, I'm going to show you the wallet here in a second, but I'm just explaining the meta. Right. So, here's all the chains that were supported now. So, we got Salana going live next week. We got Arbitum also going live next week. We already got Litecoin Dash USDT USDC Ethereia Bitcoin BCH uh ECA, um Wyoming Frontier token. Hooray

freedom, right? So, um and there's a lot of ecosystems that are, you know, helping us launch this thing. So, like that's here, you know, maybe we'll get into that later, but um let me go back to the meta. So what happened is is people suddenly realized that like you know in the meta hey uh actually stealth addressing is really cool and it's available on this one chain called Zcash and and and that's it you know Dash does not have stealth addressing. Guess who's making stealth addressing for Dash? We are right. So, um, there well, okay, I'll I'll I'll make a correction. Dash DPNS name service, um, has a two-way protocol for stealth addressing, which where you

have to like friend someone and then you'll have stealth addresses with them. It's it's quite clunky. Um, we have a, you know, vastly improved version of that. And again, that's just for one chain. I wouldn't say that like literally this tech doesn't exist anywhere else. But it's in the one in 100, you know, one in a thousand cases where it does exist. It's like very clunky and not uh not this sort of nirvana that I'm about to show you. So everybody thinks privacy is awesome and but but they just don't know under the hood is that mostly it's stealth addressing, right? So let me show you, you know, what we did for stealth addressing and how it works in our system. with just send a name feature.

Uh and then we'll talk about you know the the last little privacy frontier and how you can now do this without mixing because doing without mixing is like having 100% privacy on all chains and tokens without mixing is exactly how it should be. It's it solves all the problems and at that point regulators can't say I mean it's like like right now if I go to the bank like I don't want the other people in the line to know my balances, right? So, so, so this is exactly what we've created, but we've made it like even easier to use than the bank. So, let me just show you the wallet. Um, on this NARB, you have a question.

>> Uh, no, I I'm I'm quite keen. I'm quite keen to see the the demo. Um, >> okay. So, here's the wallet. >> Questionwise, question wise though, um, for our crowd that is watching, uh, if you do have questions, please drop them in the comments and we will bring them up. But, uh, I brought the screen up. Uh, go for it. >> All right. So um here is a you know multi-chain wallet with sentiname. So obviously first of all is this wallet you know you can just generate a classic address and it'll it'll work with all the classic you know web 3 stuff. Um we are making this available as an SDK. So MetaMask will shortly have these features as well. Um so it'll be a MetaMask snap you can just add to your MetaMask and all of a sudden you know MetaMask will function like American

Fortress. But I mean if you if you look in here um other than a few legacy transactions everything is a sentiname. So my log so like this is me transacting on the zero g chain. Um so we'll be releasing this wallet next week. This is a hot preview >> that you guys are getting um because this is also awesome awesome for robots. So this received transaction this is from their faucet. Um but everything else you see is just sent a name. If I want to send, you know, crypto to someone, let's let me I'm going to go in here and send like 10 cents to zero G.

Um I just type in, you know, at at Sasha or whatever the username is. Oh, I not have I have very little zero G or something. Yeah, I got a tiny fraction zero G. All right, let me let me do this with uh Ethereum just so you you see it work. Uh, $1 of ETH at Sasha. I need to get on that test net faucet again um for my ZerG account. All right. So, you know, and I just sent the crypto, right? So, um, and if you go through, you know, the log, it's all all the same

names no matter, you know, radically different chains. Here's Bitcoin. Bitcoin running with stealth addresses, right? Uh here is uh BCH running with steel stealth addresses. Here is uh Litecoin running with stealth addresses. Um and then like we in our beta like you know we have a faucet that's like auto feeding your you know your test net. So like if you want to test net Litecoin you can do that. Um so you know we got USDC also with stealth addresses. So, and what you have is it's just like PayPal like from or Venmo or any app that you're used to, but it's actually completely decentralized. Um, so not only is it super easy to use, you have

cryptographic proof of who you got the money from or who you sent the money to. And and if I blow this wallet away and restore from seed, all this comes back. In fact, I restored this wallet right five minutes into the call and two minutes later, the entire log was already back because I was testing another version last night. I was like, "Oh I got I gotta get the demo working for Narb." So, so, um, really, really cool tech, right? So, now let's talk about, you know, what this looks like onchain, right? So, I'm going to look at this, uh, transaction to say Sasha. I'm going to open it up in explorer. So, I'm going to switch the screen share to explore. So, give me a second here.

Uh, stop screen share. Go to um, share screen again. window. Okay, so this is the this is the transaction I just sent. So, how does my wallet know that this is in this case, I think it was Zachary's address, right? So, if I click on this, I see that I sent some money to Zachary as well. And you see it's just coming from my one source address and it's always going to this guy Zachary. Um, so you know, normally in Unstoppable Friend.tech, tech all these other things these are static addresses meaning there's a piece of defi or a piece of ci or a centralized something or other that's handing out addresses right so obviously these are you know not great things because for example you know just

to show you how you know not private it is I can just go to unstoppable domains and I'm not like picking on them specifically because this is true for all the name services with extremely minor exceptions like um a fluid key for ENS which is essentially a a pay code for Ethereum only. Um uh but again, no sense to name. Also, DPNS is another example of a like a almost correct implementation. Um and and well, not I wouldn't say they're incorrect. They're they're mathematically correct. They work fine. They're just not as cool as this, right? So, um here we go. Uh this is Lisa. She's their CTO,

you know. Um and I can just look up her portfolio. Like now this is you can do this for any like you can do this for ENS too. It's just like and someone made it super easy because they created a browser. So I can just clicky clicky instead of having to like run a script and you know go scrape like a particular name's addresses and then take that address and run it through you know every block explorer that the you know if you have 10 different blocks registered with say unstoppable I mean sorry 10 different chains registered with unstoppable you just pull those 10 addresses and then you just scan them and now you know exactly what this person's been doing right so and this is why people haven't really been using it. I mean, just as a point of example here, you know, you've

got 1,400 USDC came in, you know, 70 days ago from this other account. Uh, this other account's interesting because it's got way bigger transfers in here. Um, you know, some 21,000, etc., right? So, obviously, this is not ideal, not not what we want, right? So, back to uh our link. How do we do it? Well, this is a dynamically computed stealth address. So imagine that the second you put your name up publicly, all other Fortress name, American Fortress, Swiss Fortress uh compatible wallets including SDA just compute your receive addresses. But every time they do that, it's automatic stealth address. You don't even have to understand it as a user. It just the money show up and the story. No one

knows what your balance is. So you have public names, private transactions. Okay. Now, what's the only problem with my approach? Let me be my own critic, right? Well, if I send this money to now now what this does is obviously and our wallets automatically track this. You have a lot of different accounts like you have to have a lot of you know it's like essentially and then in in UTXO chains it's a different stealth address for every transaction but we automate all this for you. You don't have to worry about it at all. It's just like you just have a balance. It doesn't matter. You know from a crypto point of view um the address space between me and NARB is for any particular chain is 4.2 billion addresses. we're not running out, right? Like, and it's not um like

that's not like stressing out the chain or, you know, using address space. Like, that's a total myth. Like, this is like, you know, we're we're taking a grain of sand, you know, uh, you know, on Earth and except there's like 10,000 Earths, right? And they all have, you know, trillions of grains of sand available, right? So, so it's just not an issue. The cryptography behind this is extremely solid. Um, so you know, but but what's the what's the one problem or what's the one optimization? Obviously, this is already way better, right, than anything else out there. Um, what's the one optimization? Well, if you know, I can, you know, both me and this user Zachary, you know, can see where the money came

from, right? So, 26 minutes ago, I sent it, you know, he's from this address. So now he can look at this address and see, oh yeah, Miho has been, you know, stacking some some crypto, you know, into this address. This is all the address from the faucet, right? So this is like the faucet's doing deposits in here and I'm just sending stuff out. But you can see now now what's the security problem? Well, in the case of the test net faucet, there isn't one really, right? Um, but what's the problem if like I somehow consolidate a million Ethereum, you know, into one account and and then I buy coffee with it? Now the person I bought coffee from with my system can click on this transaction be like damn mi loaded he can afford a lot more coffee. I'm going to send the wrench attackers to his house. Right. Um

so how do we solve that? We solve that also. We solve that with something called balance blinding which is a piece of tech that I am licensing to chains for free. It's another patent of mine. Um patent pending. Sorry. I got to be very careful with those that wording because some of their stuff is already patented. Some of it, a lot of it is patent pending. And what that does is it creates a L2 essentially or an L1 integration where um you can balance blind. Meaning that you still see this on Explorer, but you don't know you we solved the change problem. The you the recipient does not know what's left and and now you have perfect privacy without mixing.

>> Wow, >> that's amazing. for the first time in the history of crypto for all chains and tokens, right? So, I get super freaking excited about this because this this this is ex this is the only sane way to fix it without making more privacy chains that are specific. There is nothing actually wrong with Bitcoin. It just needs a tiny privacy upgrade. Uh, you know, which is this last, you know, balance blinding issue. But, but right now, if you want to go to here, American Fortress.io and you want to down start downloading wallets, um, next week you'll be able to download the wallet I just showed you. Right now, um, you can download the Litecoin version, which is here. Um, and, uh, you can

already start playing with it. Um, and then here's the little plug. Hey, get your Fortress name because they're limited, right? So like if I go to reserve my name here um voila you know uh we have a very very you can desert.llight that the root domain. So like root would be like the narb uh and right now all we're selling is is you have to it has to be more than minimum six characters. Everything under six characters we're going to auction off. So we're going to start an auction because it's like names like Joe. If you want to be the Joe then cool. Now this bit is centralized. This is the only centralized bit. Why is it centralized? Well, because if you want to do something like, "Hey, I want to buy Binance, and I'm not Binance, by the

way. I'm freaking Mihow, right? And I try to check availability, it's going to say, "Sorry, this name's not available, you know?" Um, and and our AI bot blocked it. You know why? Well, because this solves all fishing, right? So, we don't It's like now to not get fish, you just got to make sure you can spell, right? like because you you don't have to evaluate a 40 character hexadesimal string anymore and like see if it's correct to you know approve a transaction um because it also works in hardware wallets also works in custody also works everywhere right so um you know reserve your name even in beta what this does generates a code that later when the wallet's in production January February you'll be able to link your seat to the name uh the names are

transferable there will be an auction system you'll be able to essentially sell them the one thing you cannot do is go by Binance when you're not Binance and if you are buying ance, then there's a link you're going to get to like a form that says, "Okay, fill this out and we'll we'll real human you to make sure that you are like say Donald Trump if that's the name that you bought." Um, and that part's centralized, but but once you link your name to the seed, your wallet, that goes all into the DeFi system, our DeFi system, which will live on zero G and base um for for essentially redundancy and and duplicacy. dup uh what you say duplicity sounds terrible for for duplication you know purposes. So um that DeFi uh is infallible and your wallet can prove it

to you, right? So so like the meta data written to make this stealth stuff happen gets put in the DeFi and then um the wallet can verify before it goes live that in fact you're good to go and then we don't know what you're doing because again it's a privacy project. So it's like I shouldn't be as like a special person that knows what my users are doing. Like the only reason I can show you in my wallet like what's up is because um um is because of uh uh is because of uh the fact that I'm one of the parties transacting right so um yeah so I'm thinking multiple things mostly the narb the narb the root root

root is is available check availability And it's available. >> Nice. >> Um and I can go back and see. Um >> and then uh when you do reserve these names, is it like um like a domain name where you reserve for a certain period of time or >> Yeah. So it's one year, three years or lifetime. Um and but you can't subdomain it. This is the same. This is also designed to prevent fraud, right? So like we have a you know the what we don't want is is somebody to like get through and you know register some brand name somehow right and then start selling the brand name to other people and be like hey man you can be you know uh mihow.for mihow you know

mihow GM Motors or whatever right like because then it's just you know ripe for fraud. So the name you're buying is literally the name you're buying. It's just using an identifier in uh the decentralized chat and the wallet itself. So, like, let me show you another really cool side consequences of of send to name for crypto and then I'll just let you read with questions. That'll be the end of my rant. But, um, one of the other things in here is like, >> you know, I don't know, Narb, are you on Mac? >> I am on Mac. Yes. >> Yeah. I could literally give you the binary right now. You can install it and we can start messaging and sending each other crypto like right in >> if we got the time. Well, we can literally do it right now. But, uh, this is the encrypted endto-end

chat. So, so guess what? Well, you know, if I send money to Zachary, like I said in that example, like I'd like to be able to talk to him and and have a cryptographic guarantee that I'm actually talking to the guy that's also got the private keys. That's exactly what this does. It is a signal or Telegram implementation essentially like functionally equivalent um except that the keys used are the same keys used in the spending and receiving of the money. So, it it's a uh identity tool, right? Like you can literally talk to whoever you're about to transact with or you've already transacted with. And then we're adding a DID feature to this where you'll be able to get a decentralized proof of your identity, like a full copy of your driver's license that only you have signed by the government, you know,

and one of the places I'm working with on is the government of Wyoming is, you know, I want them to be the first US issuer of digital identities is my my goal. um because they're, you know, they did Frontier Token, so hopefully they they'll they'll get around to it. Um and now like if I'm talking to say Narbin here, then voila, you know, I can prove to you what my identity is and it's a cryptographic proof. It's like better than whipping out like if I show you my ID, you're like, is it fake? You know, if I have a digitally signed ID verification from a government or a major KYC entity, that is far more trustworthy than anything else. And that too is also freaking decentralized.

That's the best part about it. like you as the user go get the cryptographic proof of your identity. Then it lives in your wallet when you restore your wallet. By the way, it also comes back, right? Because we we encrypt that. We can't see it. We just see, oh, look, there's a there's a people there's a bunch of people with identities, but we don't know, you know, who they are, what they what identities they have as American Fortress, but they can share it with the counterparty, right? Uh and and now you have universal decentralized DID because now you share that identity in the encrypted chat. And now who who knows who you really are? only that one particular party that you as the user decided to share your identity with. But now that party has a, you know, far greater, far better KYC than they do in

the real world, right? Like when they meet you, right? So yeah, I'm excited about what we're doing. Um, and then, uh, yeah, and like I said lately, mad adoption, just awesomeness. Um, and then the TGE looks like it'll be January. There is a token called American Fortress token predictably that's like powering all this and it's the the security mechanism for the for for all the metadata that we're talking about that's decentralized. That's the end of the rant. Hit me with questions bro. >> Yeah. Yeah. Yeah. Like uh first reaction is holy this is freaking amazing.

>> U glad you like it. >> Yeah. Yeah. 100%. Um yeah, you touched on it um on on the uh AF token. Um perhaps like do you want to double click just a little bit on like what exactly the utility is? So you mentioned it's securing like the >> Well, so no. Yeah. Notice I just explained to you exactly how you use the system and all you got to like by the way when you buy name it's just a stripe credit card thing, right? So and the reason we did that is we don't want users that don't understand DeFi or crypto or tokens to have to you manipulate a token to use it, right? So like you know for example in a bunch of other name systems like Fio ENS like you got to you know pay for it with Ethereum or pay for it with FiOS and then when

you you know set up a a two-way channel in Fio you got to pay more FOs and it's so just like grandma lost. She not she not doing it right. She wants like Wyoming goldbacks if you know that's the end the sophistication of the you know the customer that we're dealing with. And that's right like it has to be this simple. If it's not this simple, no one's going to use it. Which is why, you know, finally Zcash got their pump. But those guys are still like, you know, I think most of their users don't even understand that they're using pay codes as addresses and that, you know, but they're like, hooray, stealth address, this is really cool. No one can see what my balances are, right? So, it's like, but still, that's a very, very small group of people, right? Like, you know, total Zcash users versus the

world, right? Uh, not not a thing, right? So what do we do with American Fortress token? Well, when you buy a name, we buy our own supply and then there's metadata that's written along with that name and then that's locked up with American Fortress token essentially on your behalf on the behalf of the user. Um, but we do it all for you. So, so like to the user that this is the final like before production there's a bunch of stuff we're doing technically um to you know you know to to go from beta to production which is basically like right now this this beta is semi the the full production has to be 100% DeFi obviously right like I wouldn't even launch it if it wasn't 100%

decentralized um so we we have to do a few tweaks but that from the user experience it won't it won't matter but what you will be able to see you publicly is as our DeFi grows, you'll be able to see, okay, this this system has X amount of users. Now, you don't know who the users are. You just see a list of names and metadata, right? You have no idea what the names are doing. You just see that somebody registered a name, that's it. You know, the name that like all you can tell, you know, and if the name's like super descriptive, like if it's the Nar Devantel, you know, reasonable chance I can assume that, you know, you signed up for our wallet, but can anybody tell what you're doing? No, absolutely not.

Right. Um, and that's the only right way to do it. Uh, so that's what the token does. >> Gotcha. Excellent. Excellent. That's great to hear. And, uh, yeah, just curious, do you have any plans to like have like a virtual card kind of associated with this as well? Like I can totally see like you have the the Fortress name set up and then you load up your account basically with like a pre-spend or something and then you have like a virtual card that you can spend at like any um >> Yeah. So I mean I think we're our wallet's going to grow and we're going to add a you know but the first thing people want is is DeFi, but the other thing everybody's really excited about on the is the AI stuff, right? So like here's an example of a card. This is a

card we did for a customer. This is just a hardware wallet card. Now, do I want a spend card inside American Fortress wallet? Yes. So, American Fortress is operated by a company called Matterfy. I'm also obviously CEO of that. It's really the same entity. American Fortress is just like a we're spinning it off as a um as a subsidiary, you know, for essentially operations purposes. So, we have a retail wall. So, American Fortress is our retail wallet, but you as a consumer, as a business, can get the white label version of this. You can also get like a white label light like American Fortress- Litecoin which is what we launched with Litecoin Foundation a month month ago. It was you very wellreceived. Um, so you know, and we also make custody and we also make hardware wallets, right?

So, so like um and in our retail wallet, we do want all this cool functionality, right? So, but but the first thing we're going to do is the the onoff ramp um and the DeFi and then also what's getting released uh by January is the AI agent. In fact, I'll be showing it off next week. So, we've already finished this work, but you can ask your Claude or your Eliza. you can just chat to the wallet and be like, "Hi, how much what's how much crypto do I have and you know I want to send money to Mihow and it just does it." Uh so there's a model context protocol interface we wrote for this that's open source that part of it is open source. Um, and so robots will be able to transact the sentiname with self address universally, which is incredibly incredibly important for just human and

robot safety and anti-hacking period because you don't want to know like you know people a robot doesn't want to be like, "Yeah, man. I got stacks, right? Because remember like the way payments in crypto work right now, like if you just want to receive all payments, you just got to post an address or you got to use unstoppable." So like the second you do that, everybody's like, "All right, well this is how much money." Now, imagine that that address is even the there, you know, Coinbase just released this super fast payment system for AI agents. It processes really fast and like in the API, it's like here's my address. Like the the first thing the API does is just hand out the address. It's not a stealth address. It's just the address. So now all the robots interact with that

interface, you can be like, oh, just give me your address. Okay, cool. Oh, I see how much you have. Right? So I mean it's broken. like what people are doing is broken and what AI agents are going to do is going to make this problem way worse because you know a robot doesn't give a like it it you know it doesn't get mentally tired when it does 10,000 transactions in a minute it's just like if that's profitable that's what it will do right so so you have to have privacy for the robots right so this is um a lot of exciting announcements from us on on that end as well and uh yeah super excited to uh you know to to to get that those features out but but we will be doing like more

and more you know so American for get cooler and cooler and cooler you'll be able to we're adding pack swap for example as as the default swapper so you'll you know right out the gate you'll be able to pack swap you'll be able to on-ramp uh with send to name you'll be able to run you and you'll be able to do that with AI and then when we add oracles meaning like the AI can reach out to like a price oracle now or like what's the best place to you know, uh, get yield on a on a fairly safe um, say, uh, um, you know, I want I want to just get yield off of off of deposits. I just want to leave my money somewhere and earn yield, right? Um, so uh, that, you know, the second you have those

pieces now, you can have like stuff like, okay, robot, what's the best place to get yield today? Okay, cool. This the place I don't have that asset. Why don't you go buy it for me? What's the best place to buy it? or can I can you trade like what I have via DeFi like pack swap to get this new asset so then I can just go get yield you know via staking right so so that's um that's the nirvana we're going for and as far as I know we're the closest operationally to actually creating said nirvana because you can't have the nirvana without the privacy it's like literally like incredibly dangerous and impossible to do this without privacy and then you know I don't know if we're running out of time but The last pit is okay from a regulatory point of view, this is awesome because everybody's now

holding cryptographic proof is exactly what they did. So, like if you're the government and and and say, you know, Binance is running this system now, they have cryptographic proof they didn't commit moneyaundering because guess what? They're getting sued for $4 billion again, you know, for saying, you know, did they were they willfully negligent? Really hard to say because the tech to prove that a particular address belonged to a terrorist doesn't exist. Okay. Like I'm obviously anti-fucking terror, you know, not cool. Uh but the only way to tell that the address belongs to the terrorist is to pry the ledger from its cold dead hands, right? And so reading that lawsuit, which by the way I

analyzed because I was asked to do an article on it uh to do a counterpoint. Reading that lawsuit is like and then we found out that you know all these transactions actually belong to terrorists like three years later but somehow miraculously CZ and Binance were supposed to know this when the stuff was happening. They don't have a prayer be because it's super easy to fool the exchange right now. It's like you set up a legitimate account and then a terrorist pays the legitimate account person that's got the KYC and says, "Okay, what's your deposit address for Bitcoin?" And they give that to the terrorist. Okay, what's the And by the way, here is our terrorist withdrawal address. Right? So, they give that to the legitimate account. And now the legitimate account's operating, but they don't actually have control of any of the funds, >> right? Um, in our case, if that account

was running send to name, you would know if the funds were coming from a different private key. We actually have a patent on that tech, right? So, so, so, so you have cryptographic proof that the money comes from this particular user that you KYC. This makes money laundering incredibly difficult. In fact, we can also have a proof where like you as the user say you're NARB, you deposit into Binance, right? you and Binance is like, "Hey, this is over 10K. We're doing an extra screening. I want you to prove to me where the funds came from." In our system, and our system only, you can do that. You can generate cryptographic proofs that like say Narb received it from Mihow and then Narb sent it to Binance. And you can prove to Binance that you got it from me, which is awesome,

>> right? >> That's amazing. >> That is that is the sickest anti-moneyaundering tech on planet Earth yet. Fully decentralized, fully optin, right? >> Yeah. you you don't have the proof, you don't get to do the thing, you know, at Binance that you want, right? So, I I'm just extremely excited. Um >> Yeah. And you as you should be, right? This is Yeah. This is crazy. This is like like one of the biggest problems like that was hampering crypto adoption and lot like a lot of the FUD that like tens of 20 like 10 20 years that crypto has been getting it's like because of like moneyaundering and all this and now you're solving it. It's just like oh

>> and and I would say that right now we're the I mean I'm sure there'll be other solutions but I humbly submit that right now we're the only people that have this working end to end. Um and maybe there'll be no other ways of doing it cryptographically but um you know I haven't thought of those and this is all I think about. So for me it's really exciting like the thing that I you know been thinking about for six years and then working on for like four years you know in stealth mode is all of a sudden like the rage right I'm just like cool all right finally but I was just like dude I told you so guys like you you have you have this is how you have to do it right um and so you know blessed in that regard and but you

know it's still not easy so you know I hope everything continues and continues to stay awesome and uh we just continue to crash. >> This is the way. And um uh you did share a uh affiliate link with me as well. Uh how can people um start using it u using American Forest? I know you said the launch is um coming up. >> Yeah. So, but if you want your name right now, you can essentially pre-reserve it. So, so the link you have will take somebody to the checkout. They can and it's literally exactly what I just sold. You get a the link automatically gets you a 10% discount.

So, like subdomain names are really cheap. It's like nine bucks for, you know, a year. Um, now you might Okay, one last be. So, so use the link, get whatever names you want, you know, let us know if there's bugs, you know, reported on our form, etc. I'd like to think we have a, you know, fairly robust setup there right now, but, you know, may not be perfect. Um, and the other thing I'll say is like, okay, what happens if your name expires? Well, so it the reason that every other name provider makes you buy a lifetime name for 400 bucks or whatever. Now, we do have lifetime names for 400 bucks. If you have a if you want to be the mihow, then yeah, that'll cost you lifetime, but and then the top level names are not 10 bucks. They're 50 bucks a year. Um,

with the 10% discount, obviously a little less, but um so yeah, um Black Friday name special. >> Oh yeah, there you go. >> Buy name buy names for your friends that then you can gift them. Um >> so, uh you know, but what happens if a name expires? Now, first of all, when is the expir when does the time period start? It doesn't start till the wallet hits production. So like if you buy a year name now, it's not like it expires next November, you know, 28th. It expires from the time. So if we start production February 2nd, it'll be February 2nd, 2027 that name expires.

Now, what happens if it expires? Well, there's a fundamental problem with like all other name systems is that they can't have, you know, these subscription periods because like what if I register a name in in, you know, ENS and I for and I put my address in there and I forget it's there. uh and then the name expires like what happens? So, so the answer has been like there are no time periods. You have to buy a lifetime name, right? Like that's been the answer for every other system. In our case, because of the dynamic stealth address computation, uh that mechanism is a forward to your private keys, right? It is not a copy of your private keys. If like you buy the name the NARB and then you let it expire and then we have a three-month period where it's just like it's still forwarding to

you but it's essentially in limbo then I buy it on you know one month one year three days and like a day now it gets forwarded to me. You don't lose your money. There's nothing nothing changes. It's just like the new transactions to the NARB go to to to Miho. Um so there is no issue with you know like loss of funds or anything right? So, like it's safe to buy. Like if you just, you know, you you're just like, "Hey, you want a one-year name?" You know, sure, try it. But if you really believe in a name, then get the lifetime. I'm not going to discourage you from sending us revenue for this awesomeness and supporting us.

But but but um that's how it works. >> Well said. Well said. And uh yeah, I hope everybody gifts uh the gift of privacy. Uh >> give the gift of privacy this holidays. Oh, dude. I I am so stealing. This is going straight to marketing. >> Give the gift of privacy. >> Oh my gosh, that is uh that is freaking legendary. Okay, cool. >> Merry merry early Christmas to you.

There you go. >> Nar, I love doing spaces with you. Super cool. >> Yeah, likewise, man. Likewise. And uh yeah, unfortunately this brings us to time. Uh, but I thought we could probably could have kept going for another hour or so. But, uh, Miho, thank you so much again for taking the time out of your day to come chat with us today. What you're doing with American Forces is super super cool. Um, especially with the rise of in popularity with um, privacy and and security. So, viewers definitely do check out um, American Fortress. U, production is right around the corner as M. Um we will drop that um affiliate link um in the description below so you can get that sweet discount uh to

reserve your name. Um but yeah uh thank you again man. Really appreciate it. >> Peace. Have a happy holiday and chat soon. Give the gift of privacy. >> Give the gift of privacy this season. There you go. Cheers all. Cheers. Bye.