One interesting piece to consider here is that this limits the availability of this variable only within the scope of this CHOP execute.
So, for example, if you wanted to know the status of this variable in another operator or script you’d be out of luck.
There are a number of possible solutions in this case, you might use table values, a constant CHOP, storage, custom parameters, or class objects (python extensions in TouchDesigner).
One more piece for python help - from the help menu there’s also python examples:
Similar to Op Snippets but focus on Pythonic concepts in TouchDesigner: