Strongblock is in a state of Flux.
interestingly, FLUX is ALSO in a state of Flux, but thats a whole different topic for
another video..
If youre watching this, surely you dont need to be told that the price started going down
in January and pretty much never stopped.
Strongblock switched to a new coin, from Strong, to Stronger in order to fix a liquidity problem
and give the contract more mobility moving into the future; it gave them the ability
to both mint and burn more STRNGR (I think im wording that properly, but its the jist)
but it, so far hasn’t done anything for the value of the token.
Also that wasn’t the intention of the change.
If you had Strong in their system, it just poofed itself into Strnger, no matter where
it was sitting - the unclaimed rewards, the staking pools, all of it..
If it was in your wallet; then youre sitting on a token that is not currently in use in
the project.
So, if its been a few weeks or even months since you’ve taken a look at Strong, and
maybe you saved a bookmark to the ticker and you’ve been looking at that to glance at
the price - that is no longer the token that is used to create nodes, or the one paid out
as rewards.
I will put a link to the ‘Stronger’ token address in the description.
Although, looking today - the price is pretty close to the same - 19 bucks for Strong and
20 bucks for Stronger.
-inaudible human noise-
I have been invested in this thing since November 28th 2021 - so a little over 5 months at the
time of this recording!
I currently hold 15 Strongblock nodes, which means I am being paid out 1 and a half Stronger
every day.
If I bought all 15 just now, I’d say 30 bucks a day is actually still a FINE passive
income, even when taking into account paying gas to claim..
Thats maybe a couple hundred bucks in gas a month for just about a thousand dollars
of coins.
But I DIDNT buy them today - and when I first bought them I paid something like four thousand
bucks for each one.
I didnt keep track of how many I bought with money vs how many I got by compounding the
token, but my best guess is that Im somewhere in the neighborhood of $30,000 into this one…
To be fair, I did get to cash out a couple times when the price was in the $600, $700
range, and a couple more times on the way down..
But there is no way Im in the black at this point.
So..
What about the future of StrongBlock, or the future of these kinds of Nodes or node projects
at all (good lord dont look at the price of Mead from the Tavern, yeowch!).
If youre a fan of YourFriendAndy on YouTube, and I mean, who isnt?
You may have seen him talking about “Node Mountain,” (is that what he called it?)
where theres an eerily similar shape to all of these projects with a lot of initial attention
and investment, and then some sort of peak or plateau followed by VERY FEW of them maintaining
the value of their token.
Clearly, Strong is firmly sat in the node mountain range - a perilous climb to the summit
to be sure, but strong is different from most of these other projects in one key way - STRONGCHAIN.
Of course StrongChain is not accessible yet, if it exists at this point, BUT if these guys
are able to get it out into the world, get attention turned back towards them after they
do - and if this new blockchain can perform in whatever ways are expected of a blockchain
(Im a photographer and a bitcoin miner, not a computer scientist) - it JUST MIGHT be the
foundation that allows StrongBlock be rocky balboa this big blond russian man.
(if youre under the age of 37, Rocky Balboa was a fictional boxer who would always seem
like he was just about to lose his boxing matches but then have some flashback memory
and very suddenly no longer feel the effects of fatigue or blood loss, or glycogen depletion
and was able to snap to and out box the other man who had just been about to win.
Very Frank Dux of him.
So StrongChain is its own blockchain.
The best way i can think of to explain the significance of that is to look at Ethereum.
Ether is the cryptocurrency, Ethereum is the network it runs on.
And right now, Strongblock runs on Ethereums Blockchain; so do thousands of other decentralized
apps.
A HUGE percentage of the NFT crazy takes place on the ethereum blockchain.
And every time ANYTHING at all happens on the network, a little tax is paid to Ethereum
that we call gas, or gwei (NO IDEA how thats pronounced); part of which goes to Ethereum
Miners, which is why thats so profitable AND AWESOME.
Looking at another currently very popular project, Sphere - that runs on the Polygon
blockchain; same thing, literally any time you make any sort of change; buy sphere, sell
Sphere, move sphere, get paid in sphere, a little tax is paid to the Polygon network
in Polygons native coin, Matic.
The Tavern, another victim of the node mountain effect, runs on the Avalanche blockchain,
using their coin AVAX.
100Days, ALSO the Avalanche blockchain.
The point is, these dApps (do we say Daps?) are all running on someone else’s blockchain,
paying fees in that blockchains native token and StrongBlock aims to MAKE a blockchain.
Their intention is to have thousands of other applications running on THEIR blockchain.
So that all of the little gas fees coming from all of those places end up in the treasury
of StrongBlock in the form of Stronger.
IF theyre successful in launching StrongBlock, and if they get lots of other projects on
board - then the price of Stronger WILL go up.
Thats all there is to it.
On one hand, thats a big if…
But on the other hand - if you google search David Moss (the leader guy at Strongblock)
and EOS or Block.one - you’ll learn that in 2018, David was a lead developer and at
one time Vice President of a company that has, what do you know, MADE THIER OWN BLOCK
CHAIN, and one that currently has over a billion dollar market cap today.
David left this blockchain creating company to go start StrongBlock, and subsequently
start working on StrongChain, StrongBlocks blockchain.
SO - I have confidence that at least he knows how to do this thing.
And knows what teams members would be necessary to make a blockchain - I do think StrongChain
will make its way into this world.
Itll be down to marketing at that point, wether or not theyre able to get projects, and lots
of projects on board.
What I DONT know, and what no one knows just yet, is what all that will mean for current
node holders today.
We’ve seen some recent updates with for instance Entangled Nodes - where they clearly
state these Nodes will only ever earn 20 Stronger in their lifetime.
The benefit of starting these over the ‘Traditional Eth Nodes’ are that since they are “entangled”
you only pay one gas fee for however many you own, which will massively lower the amount
you pay to receive your rewards.
Strongblock has not updated the language in the original strong nodes, but it has always
stated that “reward calculations are variable and not guaranteed.
“
That makes me think that these nodes I bought for over $30,000 could one day be retired,
probably just in time to see the meteoric return of value to the thing.
SO…
Official outlook on Strongblock..
I consider them a good candidate for existing into crypto perpetuity.
The nodes you may hold right this moment, though..?
deep exhale…
Hope?
I have a cautious hope?
Im not a religious man at all, but maybe you are and you could have FAITH in them?
Isnt faith one of those things that can constantly let you down, but you maintain a positive
image over the system for whatever reason anyway…?
Yeah - thats a good word to use..
I have faith in StrongBlock.
Goodbye.