STORE Community Update - October & November 2024

Greetings, STORE community! As we move through the final quarter of 2024, we're excited to share the remarkable progress we've made across all fronts of the STORE project. From groundbreaking developments in our AI systems to significant strides in our Swiss expansion, we continue to build toward our vision of a decentralized and democratic future for cloud computing.

‍Engineering

Our engineering team has achieved several major milestones, with particularly exciting developments in our AI systems and permanent storage solutions. The STORE AI Oracle has completed a transformative upgrade, positioning it to become the world's first publicly auditable and democratically governed AI system. This breakthrough allows the system to dynamically adjust its algorithms in real-time, optimizing profitability equitably -- users earn when they contribute and pay for what they earn. This, we believe, is essential for achieving our long-term aim of reaching millions through their mobile devices, creating a new era of participation in decentralized networks.

We're also proud to announce that we've secured a new US patent for our data availability layer, marking our second patent achievement. Our technical team is currently finalizing a comprehensive paper on permanent storage, detailing our novel approach to decentralized data storage and permanence. This represents just one aspect of our ongoing R&D efforts, which continue to yield potentially patentable innovations.

A significant R&D breakthrough has been achieved in our internal tooling for the required off-chain contract, legal, and compliance infrastructure necessary to scale the STORE Economy. This advancement has condensed operational time by four orders of magnitude through maximum automation of off-chain operations. The breakthrough encompasses automated off-chain contract handling, legal framework integration, and compliance infrastructure implementation. We're also expanding Cloud IDs to our off-chain financial infrastructure, creating a more cohesive and observable system within the STORE economy.

On the infrastructure front, we've made significant progress in developing our multi-currency and gas-less billing systems, while also refining our cloud IDs and transaction details architecture. We've particularly focused on tooling that will enable autonomous computing capabilities, laying the groundwork for the next generation of decentralized infrastructure. Our naming and URL structure for various services, including the Oracle and STORE Explorer, has been updated and is now fully powered by STORE AI, creating amore organized system within the STORE economy.

Additionally, we're making substantial progress on two seminal technical papers: one focusing on BFT Democracy with STORE as the primary use case, and another detailing our Dynamic Proof of Stake (DyPoS) system. These papers will provide the theoretical foundation for our groundbreaking approach to consensus and governance.

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‍Operations

Our operational focus has centered on strategic growth and institutional development. We're entering an exciting new phase of our fundraising journey, with macro trends aligning favorably with our launch funding plans. We're particularly excited about our developing relationship with CoinTelegraph, which presents strategic opportunities to bring our brand to a broader audience after years of focused development.

We've achieved a major milestone in fusing traditional finance and crypto operations using state-of-the-art tools and working with industry-leading teams. This integration enables real-time tax compliance and reporting, dynamic decision-making based on financial positions, and tax-efficient, compliant operations at a global scale. We're also finalizing agreements with trusted technology partners for token release infrastructure, a crucial step in our Launch Procedures and the STORE Token Registration phase.
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We've implemented a comprehensive mapping system that connects all economic activities to cloud IDs within the STORE protocol, creating unprecedented transparency and auditability. This infrastructure serves as the foundation for crucial protocol features including staking mechanisms and governance participation. With approximately 75% of our core infrastructure now automated, we're intensively focused on completing the remaining portion - a pivotal milestone for protocol scalability. By successfully integrating traditional finance and crypto operations through state-of-the-art tools, we've established a framework that enables real-time tax compliance reporting, dynamic financial decision-making, and globally tax-efficient operations. The result is a sophisticated system where the STORE economy can adapt and evolve based on real-time performance metrics, positioning us for strategic, data-driven growth at scale.

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Governance

We're making significant progress in establishing our presence in Switzerland, working across multiple fronts including legal, finance/accounting, tax, regulatory, valuation, and insurance considerations. We've signed approximately $50,000 worth of contracts with top-notch, heavily vetted partners to support our Swiss expansion and beyond. This comprehensive approach ensures we're building a solid foundation for STORE Treasury and the STORE economy to flourish across international borders.

A significant development is the establishment of our security branch, partnering with an elite team composed of former CIA employees and top-tier security firm professionals. This specialized team will lead security operations for STORE Governance, representing one of our Swiss-based governance branches. Their expertise will be crucial in ensuring the robust security framework necessary for our decentralized governance system.

We continue to advance our Byzantine Fault-Tolerant Democracy, developing protocols that can be automated by both humans and machines. This innovative governance consensus mechanism could significantly impact AI's role in future governance systems while ensuring humans maintain appropriate control through checks and balances. Notably, while AI will participate in governance, humans will always maintain +2/3 control through these checks and balances, ensuring AI innovation and safety coexist.

We're now designing the first elections for STORE Democracy. This groundbreaking initiative will allow any STORE token holder to register as a candidate for the position of founding steward in the judicial branch of the STORE Association in Switzerland. We're actively seeking community input to shape the election process, focusing on creating transparent, comprehensive candidate information while adhering to appropriate legal considerations.

‍Learn More About STORE

Explore STORE's innovative cloudspace architecture and vision for user-owned cloud computing:

Highlighted Materials

-STORE Cloud Series Seed Investment Memo: http://storecloud.org/seriesseedmemo

-STORE Cloud Super Summary: http://storecloud.org/summary

-STORE Technical Demo (video): https://youtu.be/IBB2O_ktMOQ

-STORE Quick Deck: http://storecloud.org/deck

-State of STORE Annual Report: http://storecloud.org/stateofstore2024

Other Materials

-STORE Long Deck: http://storecloud.org/longdeck

-STORE Comparison (L1, DePIN, and Public Clouds): http://storecloud.org/compare

-STORE Launch Plan and Roadmap: http://storecloud.org/launch

Latest Public Research

-Read our IEEE Paper "Enabling Autonomous Computing Through Decentralized Cloud ID Generation"

How To Help Us Grow

-Join as a long-term token partner (invite-only): http://storecloud.org/buyorder

-Join as a long-term equity + token warrant partner (invite-only): http://storecloud.org/equity

-Follow us on LinkedIn and Twitter/X

-Share STORE Cloud with your network

For questions, contact team@storecloud.org

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Telegram Weekly Updates

October 4th, 2024

Hey STORE community, here are three key updates.

First, we've made progress on our path to Switzerland. We're working closely with our Swiss lawyers to understand the differences between crypto law, which is the STORE constitution, and Swiss law. Our goal is to ensure they work well together. If there's a conflict, Swiss law will lead, and we're solving to a) prevent it and b) handle that through STORE BFT Democracy itself. I'm hopeful we'll get the answers we need soon.

Next, on the R&D engineering side, we finished a sprint on internal tools. We're focusing on multi-currency and gas-less billing. We're also building core technologies like cloud IDs and their transaction details. We've updated our naming and URL structure for different services like Oracle and STORE Explorer, all powered by STORE AI. This helps create an organized system around AI in the STORE economy.

Finally, on research and fundraising, we're working hard on two big technical papers: one on BFT Democracy with STORE as the major use case(there are others from our ecosystem starting to brew). The other on Dynamic Proof Of Stake -- or DyPoS. There's still work to do, but we're making good progress. These are substantial. We're aiming to make seminal.

We appreciate the support from our token owner network as we prepare for a new fundraising phase next week. Your support is invaluable as we move forward.‍

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October 11th, 2024

Hello STORE community! Here are three quick updates on the weed campaign:

First, we appreciate the strong support from our community round. The deadline is next Wednesday.

Second, on the research and development front, we are advancing Byzantine Fault-Tolerant Democracy (BFTD). This new governance consensus mechanism includes multiple protocols that can be automated by both humans and machines. It's a design that could greatly impact AI's role in the future with itself, with humans, and even real-life governance systems and institutions. This powerful set of algorithms -- or protocols -- allows decisions to be made quickly and efficiently with minimized politics, just like in STORE's own governance.

Lastly, we are making organizational improvements to establish ourselves in Switzerland. We're working with several providers to address legal and compliance needs so that our Swiss entity complies with nation-state laws and the STORE Constitution. This is part of our vision for BFT democracy.‍

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October 18th, 2024

1/ Strong showing from our community round -- we appreciate the support! It re-enforces our resolve and provides the resources necessary to advance to the next phase of our fundraise -- beginning next week.

2/ We continue to specify BFT Democracy, DyPoS, and Permanent Storage technologies underpinning STORE protocol. Math, economics, and engineering progress made on all three fronts this week.  

3/ We're in early phase discussions, and in some cases contracts, with key third parties who will unlock our path to launch. From lawyers to CPAs, to insurance companies, to even countries for necessary branches of STORE Democracy, we are pedal to the metal on our roadmap to launchhttp://storecloud.org/launch.

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‍October 25th, 2024

Pre-Launch Procedures Progress
We've been heads down for the past two weeks on accounting and starting the process of transferring assets for the launch of Store Democracy in a legal and tax-compliant manner. Working with our accounting, finance, wallet, and legal partners, this foundation will enable the protocol to maintain proper architecture at both bookkeeping and tax levels -- both internally and in reporting to various tax authorities.

The protocol's self-sustainability is key to our experiment, with the economic value of Treasury rewards and fees growing proportionally to our success. While our elected Stewards will handle daily oversight of STORE Treasury and Store Democracy votes on major changes, our end goal is for all STORE Treasury movements to be properly accounted for and reported quarterly --with real-time the goal. That's the infrastructure and processes we are establishing now. It's a massive undertaking critical for our long term success.

STORE A.I. Development (DyPoS)
Engineering continues on our publicly auditable and democratically governed STORE A.I. system. The weights and inputs fall under Store Democracy governance, with values directly tied to the STORE Economy's health. This creates the first AI system globally that adjusts in real-time based on $STOREToken performance, governed through our trust-minimized Democracy.

Fundraising & Next Steps
Our next fundraising phase begins next week. We're grateful for the introductions received and will need continued support to expand our network through our Pre-Launch Procedures (storecloud.org/launch). Post-US election, we'll initiate strategic outreach to our internal lists and engage with token community referrals. Our focus will remain on strategic fundraising while executing the launch of Store Democracy and while continuing R&D at the core services level.‍

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November 1st, 2024

Here are a few updates for this week.

First, we're continuing to work on moving STORE from the United States to Switzerland. This involves a lot of work with compliance, taxes, intellectual property, and regulations. We expect this project to continue throughout the year. Once it's done, we'll be in a strong position to the acquire the required insurance and set up the necessary regulatory, finance, and tax teams in Switzerland. This is essential for STORE Treasury and the STORE economy to grow across two countries.

On the research and development front, we've made more improvements to the STORE AI. We're working on permanent storage that will represent all events and objects in our protocol. You can read more about this in our Cloud IDs paper. Read here

Lastly, we plan to start the next phase of our fundraising next week. We'll update you mid-week with more details.‍

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November 8th, 2024

Three key updates from our progress this week:

1. 🇨🇭 Moving into Switzerland
We're doing the work required to establish operations in Switzerland -- legal, finance/accounting, tax, regulatory, valuation, and insurance. Yes, fun stuff! We've also started connecting with local teams for needs too. It's coming together, brick by brick. It's a significant undertaking, and we're committed to getting it done right.

2. ⚡️ Engineering & Research Development
The AI Oracle upgrade is complete. It's now positioned to be the first publicly auditable and democratically governed AI in the world. The system can adjust its algorithms in real-time and adapt dynamically, mimicking nature by optimizing profitability equitably - you earn when you contribute and pay for what you earn. This, we believe, is required to achieve our long-term aim of reaching millions through their mobile phones, creating a new era of participation in decentralized networks.

At its core, STORE is a set of incentives coded into crypto-native cloud computing infrastructure, repeatable with lines of code. While, at first, humans are coordinated by these protocols, AI will over time. AI will participate in governance. Humans, however, will always maintain +2/3 control through checks and balances. This ensures AI innovation and safety coexist.

3. 🚀 Fundraising & Growth
Macro trends are aligning with our next phase of launch funding, validating our internal predictions. We'll initiate the next fundraising phase next week. Your support in sharing this development will help us connect with mission-aligned supporters.

We're in discussions with CoinTelegraph about strategic opportunities. They understand our genuine effort to transform the future of computing and democracy inside computers. A successful fundraise could bring our brand to life through their network of assets. After years of quiet execution, we're ready for the next phase.

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November 15th, 2024

Hey STORE community,

We're designing the first elections for STORE Democracy and need your input. Here's what's happening:

Key Details:
- Any STORE token holder can register as a candidate
- Winners will serve as founding stewards in the judicial branch of the STORE Association (Switzerland)
- Elections will be open, free, and democratic

We're seeking community input on what information you'd want to know about potential stewards. This will help us:
1. Design an informative ballot
2. Create transparency requirements for candidates
3. Establish credibility metrics

The goal is to balance comprehensive candidate information with appropriate legal considerations. Your input will help shape our official candidate questionnaire.

Our question to the STORE community: "What candidate information would help you make an informed decision about judicial stewards for user-owned cloud computing and AI?"

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November 22nd, 2024

Three updates to share:

1. 👶 Personal News
Thrilled to announce the arrival of our new baby boy! Though he came a bit early, he's healthy and strong. We named him after my grandpa Jack and uncle Steve - my lifelong best friend and steadfast STORE supporter. Watching his developing brain as he dreams is truly incredible. This little one represents years of hope and effort from our family.

2. 🤝 Community Leadership
Special thanks to Bitcoin Jack for his leadership while I'm temporarily suspended from Twitter. As both investor and advisor, his deep engagement with our project and strategic guidance has been invaluable.

3. ⚡️ Technical Milestones
- Achieved 100% automation of our off-chain financial infrastructure (final verification this weekend)
- Signed key partnerships outside US/Switzerland to support compliant launch and growth
- Next week: Extending automation to token release infrastructure
- Advancing research on Byzantine Fault Tolerant democracy compatibility with Swiss/international crypto law - a complex but crucial undertaking

Proud of our team's continued progress during my 2 day paternity leave. STORE's resolve remains strong, backed by world-class talent.

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November 29th, 2024

Overall, we're making precise progress against our launch roadmap: http://storecloud.org/roadmap

1. 🔄 Launch Partnerships
We've either secured or are in final discussions with key launch partners across technology, legal, and accounting in both US and Switzerland. Daily progress continues toward Token Registration procedures. The team is hyper-focused on executing these critical steps.

2. 🚀 Series Seed Progress
We've quietly initiated our next capitalization phase: securing a lead participant for our Series Seed who will establish round terms and pricing. This is my primary focus through December and into Q1 2025. The recent market uptick is encouraging, with weekend calls scheduled. Next week begins a broader outbound campaign to build Treasury for Swiss launch requirements.

Our velocity is aligned with our launch partners' execution speed. For specifics on Swiss launch requirements, please reference our roadmap - we're following it precisely.

3. ⚡️ Technical Development
- Shipped core STORE Economy off-chain financial infrastructure (image)
- Integrating systems into live STORE protocol/Cloud IDs
- Private token sales will soon generate public transaction pages - marking our soft protocol launch

Additional Updates:
- Re-attempting Twitter account restoration next week
- Continuing STORE BFT Democracy specification in our Swiss Constitution
- Developing multiple technical papers on cloud computing and crypto research to be released in 2025+
- Second patent notification received (expected December issuance)
- Our first patent can be found at patents.google.com/patent/US20190311358A1/en?oq=CN-202011290217

Regulatory note: We're evaluating the potential benefits of changing political landscape in the US. Pre-election stance required excluding US participation; lawyers are optimistic about more favorable conditions ahead. As an American innovation, we're ready to be opportunistic when conditions allow broader US participation.

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December 2nd, 2024

1. Infrastructure
- Off-chain financial system near completion
- Real-time accounting/tracking capabilities
- Global Swiss-US collaboration
- First-of-kind decentralized economy architecture

2. Constitution & Research
- STORE Research team finalizing Constitution
- Will convert to Swiss Association legal framework
- Bridges crypto law with nation-state law
- Establishes first supermajority checks/balances in crypto
- Researching American federalism as first distributed system
 - Forms foundation for democratic computing/AI
 - Technical paper in development
 - Links nation-state democracy to computing age
 - Underpins STORE Constitution principles

3. Capital Formation
- Series seed lead search (1-4 month timeline)
- Token registration procedures advancing
- Weekend discussions reinforced security focus

Swiss launch execution continues. Will update on key milestones throughout week.

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