Thread by @baconesq

Overview of @WithoutTheRope weekly AMA in the $STRONG Telegram ⬇️⬇️⬇️

$STRONG Q: hey david for polygon protocol, will nodes be created using matic? same with rewards or?

$STRONG A: @WithoutTheRope Were talking about that with Polygon. We met with them this week. Our preference would be a combination of STRONG & MATIC contributed & rewarded. Were looking at going deeper with Polygon on NFTs as well as their infrastructure. Nothing committed yet.

$STRONG Q: when Pulse Chain forks over and STRONG is copied onto the Pulse Chain.

Does STRONG have admin keys to invalidate the PRC STRONG tokens?

$STRONG A: @WithoutTheRope I have no idea. If Pulse literally copies everything over, then our smart contract will be there. I have no idea if all of the same mnemonics will be as well. Seems like the smart contracts would be useless without them. (1/2)

$STRONG A: @WithoutTheRope I think doing a genesis hard fork of Ethereum is quite problematic. (2/2)

$STRONG Q: any interesting surprises as you worked through the different rewards structures - relationships between different elements that were unexpected?

$STRONG A: @WithoutTheRope Regarding rewards, what we're finding is that the solution is not one, but several complementary models that decrease supply while increasing demand, internal and external to the node reward model. (1/2)

$STRONG A: @WithoutTheRope We had a great review of our proposed models with our Swiss Economic advisor yesterday. He added some nice nuances to the models that appear to bring them all together. We’re pondering is sage advice now. (2/2)

$STRONG Q: Wasn't the goal to keep the rewards pool more stable to make STRONG the only requirement to create nodes, but have the rewards be a combo of STRONG and native token?

$STRONG A: @WithoutTheRope Not necessarily. The goal is simply to decrease circulating supply and increase demand. Those are the basic levers. Many different ways in which they can be applied. Then you have to look at node creation velocity and engagement factors.

$STRONG Q: would you ever try and put strong on binance? thought about it earlier and wouldn’t even think it’s that beneficial considering nodes are created on eth blockchain

$STRONG A: @WithoutTheRope You mean create nodes on BSC? Or have STRONG listed on Binance? Very different things. We’ve considered running BSC nodes and have even added BSC as a plug-in for our ERC-1155 bridge

$STRONG Q: I would want to caution the team against using a chain created by someone who is viewed as a scam artist by most of crypto. Im not saying it's justified, just saying it's baggage that has to be acknowledged. I'd imagine this could certainly deter some big projects

$STRONG A: @WithoutTheRope We have heard about Pulse, with some questionable background info, but frankly I don’t understand the need for a complete genesis hard fork of Ethereum 1.0 at this point. And the reputation issue is very important to us

$STRONG Q: when next protocol. Any news on this?

$STRONG A: @WithoutTheRope We are preparing a press release with the next protocol. We are close with two others. It’s the end of summer - at least in some parts of the world - so a few folks are on vacation.

$STRONG Q: but running your smart contracts on a chain created by someone who is viewed as a scam artist isn't good business imo when there are so many other options out there

$STRONG A: @WithoutTheRope Polygon, Fantom, Optimism - many good choices for running EVM with low gas.

$STRONG Q: Mr David, how comes there was high fee when cashing out STRONG,Is that ETH problem or

$STRONG A: @WithoutTheRope That depends. Usually high gas fees mean…high gas fees. Ethereum gas has been skyrocketing due to a number of OpenSea NFT releases. Also, yesterday, there was a problem with Validator nodes not running the updated version of the London Hard Fork (1/2)

$STRONG A: @WithoutTheRope which caused branching issues. (StrongBlock nodes are on the latest version of the London Hard Fork.). My suggestion - while we are on the Ethereum 1.0 blockchain - is to check gas and wait to claim until gas prices go down. (2/2)

$STRONG Q: speaking of reputations, I know CIRUS has been discussed as a potential partner (although you have said they aren't ready) but there has been some FUD about that team and their backgrounds. Have you guys looked into that at all?

$STRONG A: @WithoutTheRope Good question. Someone pointed out to us this week that the StrongBlock logo appears on Cirus’ homepage and in several media. We DO NOT have a relationship with them. We merely discussed it, and quite some time ago. (1/2) $CIRUS

$STRONG A: @WithoutTheRope We have formally requested them to remove our logo from their homepage and all materials. We’re hoping they will do that quickly. (2/2) $CIRUS

$STRONG Q: will you ever offer mass node fee purchases at once? something like 12 months even? current 1 month purchases is a lil irritating

$STRONG A: @WithoutTheRope We tried early on to have no caps on advance maintenance fees. It seems to work better limited to 90 days. No plans right now on changing that, especially when we’re adding new protocols.

$STRONG Q: when you describe a new partnership with a split between strong coins and the Native token are you imagining these nodes “costing” the same as our normal ETH node regardless or is this possibly a pathway for customers who can’t afford the 10 strong value?

$STRONG A: @WithoutTheRope We’re looking at many options. With expensive STRONG, nodes become more expensive. We don’t like locking people out.

$STRONG Q: when do you feel would be the right time to introduce the governance voting in the strong community ?

$STRONG A: @WithoutTheRope We will be doing that at some point. RIght now, most of the STRONG is not in circulation. We hold a fair amount. As that changes, and it’s more widely held, governance will take a larger role.

$STRONG Q: @TheNodeCatcher I think it would be cool if you guys added a section on the strongblock website for a gaming tab. Maybe axie can help create a strongblock game in which the community can hang out and earn NFT’s in the game or use tokens to purchase NFT’s for the game?

$STRONG A: @WithoutTheRope NFT’s loom large in StrongBlock’s future. Earning them is a key component. We’re trying to determine where you will be doing that - Ethereum or something like Polygon.

$STRONG Q: Were the clues hinting at this other protocol? Starry night didnt seem to relate to Poly at all...

$STRONG A: @WithoutTheRope The “clues” were simply clues as to what the picture would be when we hit a milestone. They were not clues for the next protocol. We’ve already announced Polygon. A new announcement for another protocol is being prepared.

$STRONG Q: i’ve updated my location on nodes. Long time ago you said it will be sort of rewarded. Whats the status about that?

$STRONG A: @WithoutTheRope That is part of the NFT earning system. That’s getting close.

$STRONG Q: @TheNodeCatcher I suppose that’s an important step to consider first before moving forward with any ideas. My vote is move everything to polygon

$STRONG A: @WithoutTheRope Polygon is certainly compelling. We’re talking directly with them and several other protocols.

$STRONG Q: will the Matic nodes be the first to generate revenue for Strong as in they will pay for the use of the nodes regardless of the reward split of their token?

$STRONG A: @WithoutTheRope Well, $DVPN nodes WILL start earning for you as well, as people are using the nodes as their VPN tunnel and paying for that use and for bandwidth. Just not a lot of $$ yet. That will change. Polygon will have something similar. (1/2)

$STRONG A: @WithoutTheRope But we are also working on an additional approach related to Nodes and Validators that will allow participation on other protocols. More to come. It’s really big. (2/2)

$STRONG Q: apologies if been asked today already, plans for further roll out of $DVPN to the other wallets ?

$STRONG A: @WithoutTheRope Yes. We’re at 500 now. It’s looking good once we implemented $DVPN latest software update. So we’ll likely go up to 1000 next week.

$STRONG Q: is there going to be a requirement to have an nft or $MATIC tokens to create a $MATIC node? Not sure if this has been answered

$STRONG A: @WithoutTheRope Not sure about an NFT all Polygon nodes, but will likely need one for early access. And likely $MATIC as well.

$STRONG Q: David, any chance at creating a feature where you can create a new node with rewards without claiming first?

$STRONG A: @WithoutTheRope Yes, that’s an actual ticket in our system. It will come up in priority soon, but needs to work across all protocols.

$STRONG Q: Do you have an expectation for when you will deploy the NFT cap? Or when you will remove that set number of NFTs to save for the future system of earning NFTs?

$STRONG A: @WithoutTheRope That will be announced as part of the NFT earning system. We have it mostly built, and are now determining its best “home” - Ethereum 1.0, Polygon, etc.

$STRONG Q: Does this mean that a single node could support multiple protocols or users in the future?

$STRONG A: @WithoutTheRope Well, no. Nodes are specific to protocols. Even EVM-compatible chains have subtle differences in their structure.

$STRONG Q: Are you considering any options of letting people get back nodes which they missed their monthly fee? Maybe by adding a larger fee later on which could let people get back their node if they miss a payment. A fee that increases In size depending on the amount of days?

$STRONG A: @WithoutTheRope That would require a major update in the smart contracts. Regardless, we have considered ideas such as making them available to restart or to sell at auction. There just aren’t very many of them. Right now the count is only 183. So it’s not a priority.

$STRONG Q: So what happens when an agreement with a protocol ends? Or is that not possible?

$STRONG A: @WithoutTheRope I’m not sure what you mean by “ends”. If a protocol disappears and they no longer support nodes, we would look at crediting the node so you can move to another protocol. That’s hopefully a long way off, so it’s not a priority.

$STRONG Q: Will there be possibility to pay and claim $dvpn and future protocol nodes together with eth ones instead of separately?

$STRONG A: @WithoutTheRope Yes. Right now they are separate smart contracts. We’re working on one “master” smart contract again, but want to make sure it is not a gas guzzler. Also, it may be best to implement this on another protocol instead of Eth 1.0. But that gets complicated

$STRONG Q: Is the node army large enough yet to where protocols are reaching out to you or are you still having to market to them?

$STRONG A: @WithoutTheRope They are reaching out to us. We had a discussion with a protocol this week where, in 15 minutes, we already had an agreement to move forward.

$STRONG Q: Any update on the UI lagging issue that those with larger wallets have been reporting? The page takes a long time to load and any action initiated also takes a ridiculously long time to move through the required steps.

$STRONG A: @WithoutTheRope Oh, the large wallet issue. It’s in engineering. It changed with the Berlin and London hard fork updates. We’re likely going to need to limit nodes in a wallet to 100. That will not affect anyone who already has more. (1/2)

$STRONG A: @WithoutTheRope With that, there may need to be an update for the UI. Not sure. We’ll get an update from engineering on Monday. (2/2)

$STRONG Q: the next time you chat with the legal team, can you please try to find out how is it that when Strong enables a wallet (compromised) to sell nodes makes Strong legally in a pickle vs when Strong allows a compromised wallet to sell/claim rewards?

$STRONG A: @WithoutTheRope We do not hold your keys. We never have. That means you don’t have an account with us. Instead, you own your account, and are responsible for your mnemonic. (1/2)

$STRONG A: @WithoutTheRope We cannot possibly be held responsible for the keys being compromised, because it has nothing to do with our protocol, and we never held those keys. (2/2)

$STRONG Q: @Showtime2kX How many protocols do you guys plan to release for node building by the end of this year?

$STRONG A: @WithoutTheRope Not sure. We expect it to pick up in the Fall, but it’s a combination of how fast we can implement them and how fast the protocol’s team can respond.

$STRONG Q: with future lottery opportunities/early access. Will they all only be 1 entry per node or wallet? That creates a double-edged sword in that we want to keep out nodes together for gas cost issues & ease of claim. Can future lotteries be handled by NFT serial # instead

$STRONG A: @WithoutTheRope Right now, the lottery is tied to a whitelist. When you connect your wallet, it looks to see if it is on the whitelist before showing a DVPN button. That’s the current solution. We’re looking at other approaches.

$STRONG Q: @Showtime2kX What is the one thing you would say you and your team at Strong are most excited about working on right now that you can talk about?

$STRONG A: @WithoutTheRope Pools tied to validators and nodes. I can say no more.😉

$STRONG Q: Can our nodes be used for storage solutions like $SRX nodes for example, in the future?

$STRONG A: @WithoutTheRope Hmm. It will depend on the protocol. It’s something we’re discussing.

$STRONG Q: @Showtime2kX Is it true that the Strong team gets their tokens unlocked next July? If that is true, what does the team plan to do with those Strong tokens?

$STRONG A: @WithoutTheRope Where did you see that? There will be some slow unlocking taking place every quarter.

$STRONG Q: NFT art needs secure storage, since it's just a link that's being traded, for tens of thousands of dollars sometimes. Strong can support marketplaces like Foundation and give them solid storage options

$STRONG A: @WithoutTheRope Yes, we’re planning on doing that. We do not know the Foundation people. Looking for an intro.

$STRONG Q: I would feel more secure investing in NFT art if I knew they have some bulletproof, established storage behind them. Just a thought

$STRONG A: @WithoutTheRope Well, they’re ERC-1155 smart contracts. Even if a disaster should occur and the art of the NFT were to be unreachable, the FUNCTIONALITY of the NFT is locked in the smart contract. So they are immutable unless the Ethereum blockchain goes away.

$STRONG A: @WithoutTheRope We are locked in for two years starting July 1, 2021, with quarterly releases. Why would we sell now, after not selling for the past year? Enough with the FUD.

$STRONG Q: locked in for 2 years. Till Jul 2023. And what then?

$STRONG A: @WithoutTheRope Then we’re all going to be living on Mars.

$STRONG Q: Why people don’t think that even team might be compounding with unlocking of rewards instead of thinking they straight away dump it

$STRONG A: @WithoutTheRope Oh, to be clear, the unlocking rules are quite complex: no one - investors, advisors, team - actually ever gets their STRONG. (1/2)

$STRONG A: @WithoutTheRope It’s only theoretical unlocking until it can be safely sold into the market by a third party market maker on behalf of everyone without affecting price. We’re being ridiculously cautious here. (2/2)

$STRONG @WithoutTheRope Our Swiss economics advisor yesterday said that he thinks - if we’re able to implement the ideas we have right now - we could go to infinity. Actual quote.

That's it from todays AMA and what a way to end it ⬆️⬆️ @WithoutTheRope said we will be going to mars and $STRONG will last for infinity!