Steve McQueen

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Steve McQueen

Steve McQueen

@TheCryptoEscape

If you enjoy my work and would like to support my work, feel free to buy me a beer 🍺 ➡➡ https://t.co/7WteqMfZTE

Worldwide Katılım Mart 2011
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Steve McQueen
Steve McQueen@TheCryptoEscape·
Just a note on the whole idea of $QUBIC creator Sergey Ivancheglo (@c___f___b) being the $BTC creator Satoshi Nakamoto And also being the Monero, Bytecoin and Cryptonote creator Nicolas Van Saberhagen I think I've helped spread these ideas so I'm proud of that! But I want to highlight that I actually have discovered very little in this story The first suggestions that CFB was Satoshi date back as far as 2012 and people have been investigating the story since then Every day people are in a special Discord group called "Satoshi's Cat" discussing the details and finding new evidence I contribute sometimes and I find a few things but overall I have discovered very little It is very much a collaborative effort and some super smart people are really committed to discovering the truth All I do is write about what these people are discovering so I deserve very little credit for any discoveries ... I'll share the link for the discord in the first comment You can go to the evidence section and that is where you will see all the latest updates Why not join? And why not invite your friends to join too? The more people that contribute ideas, the more interesting things we will find! The more you go down the rabbit hole, the more you see the genius in what is being uncovered Maybe YOU 🫵 could be the person that finds the final piece of the jigsaw?? Link in top comment 👇 @MatildaOnQubic @_Qubic_ #Qubic
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Steve McQueen
Steve McQueen@TheCryptoEscape·
Really interesting to read about $QUBIC's evolving governance model Many look at some of the disruption in the $QUBIC community and ask "why doesn't @c___f___b step in and fix these issues" They see funds that appear to be misspent They see community fallouts They see many governance issues Personally, I think CfB's lack of intervention issues isn't a flaw, it is a feature of his plan for $QUBIC I find it hard to believe that a guy who was clever enough to build a project like $QUBIC doesn't understand the intricacies of governance etc. I think it is much more likely that he is very much aware of these intricacies and believes the best way for correct decentralized governance and ecosystems to evolve is by letting them go through the required up and down steps I think he has built the core incentives and game-theory into $QUBIC that will - over time - force the system to evolve in the right direction Looking at the below update on the future of $QUBIC governance, I think you can see this development taking place, in a decentralized manner outside of CfB's control qubic.org/blog-detail/qu…
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Steve McQueen
Steve McQueen@TheCryptoEscape·
Seems like a purposely confusing statement on the surface But I'm guessing what CfB is hinting at here is that all things are one We exist within a reality/dimension where the senses exist (the dimension of form) Basically all things within this form dimension are not real But our brains are tied to an area outside this dimension That area outside this dimension would be described by many as God (or universal intelligence) Something that exists outside of form All ideas and form comes from that formless dimension Learning or understanding this dimension actually comes from removing thoughts/beliefs etc and tapping into a complete field of information that already exists Interestingly, I'm guessing there is no scientific way to prove any of this is true because science exists within the dimension of form
Come-from-Beyond@c___f___b

@NightSkyNow Amateurs, here is a really wild question: What if everything you see, hear, or smell is located inside you and the only part of the universe existing outside of you — is your brain? Think about it...

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Steve McQueen
Steve McQueen@TheCryptoEscape·
People have since corrected me that $QUBIC did not achieve the super high hashrate results on $XMR mining that I shared in the below post My only question about this is, if the hashrate was just a glitch, why is that glitch also reflected on the Monero Mining stats websites If you go to this website for example: miningpoolstats.stream/monero You can clearly see that on Thursday, $QUBIC was dominating $XMR hashrate So was this Monero website and others reporting incorrectly? Seems unlikely?? Forgive my ignorance here, looking for some education on how this was possible..
Steve McQueen@TheCryptoEscape

What a wild day for $QUBIC yesterday This news went mostly under the radar For basically 12 hours straight, $QUBIC controlled over 51% of the $XMR hashrate For large parts of the day, they were controlling 80% to 90% of the total hashrate $QUBIC was at a market cap of around 65 million at the time while $XMR was at a market cap of around 5.5 billion Think about that, a 65m market cap project basically controlled a 5.5 billion market cap project for 12 hours If they wanted to, $QUBIC could have completed double-spends, revealed who was behind private transactions and a range of other security attacks Most insanely, as far as I understand.... $QUBIC could have permanently switched off all mining that didn't occur through the $QUBIC network... giving $QUBIC indefinite 100% control of the $XMR hashrate They could do this by orphaning blocks that weren't mined through $QUBIC Then around 1:30am this morning, this mining marathon switched off and $QUBIC went back to approx 10% hashrate control What happened here? I have no idea... But I guess it was related to the new mining algorithm that $QUBIC has implemented I also guess that this was a test for the upcoming $DOGE mining I think $XMR mining has been a complete test phase for $DOGE mining and I imagine when $DOGE mining launches, you will see that the $QUBIC network has a few surprises up its sleeve

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Steve McQueen
Steve McQueen@TheCryptoEscape·
@Umanitarian I have no idea either But I do keep an eye on a lot of people with good track records and I see them discussing mid Feb as a time of interest Lets see, either way I'm prepared
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Uzi
Uzi@Umanitarian·
@TheCryptoEscape I think people are rushing this move down. Bottoms take time to form. Unless this is a quick V reversal, it could take months before we start to see higher prices again. Then again what do know! We've seen several assets beaten up in the past month. Metals, USD and BTC.
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Steve McQueen
Steve McQueen@TheCryptoEscape·
A lot of interesting people are now pointing to the bottom being hit and a run coming for crypto over the next couple of weeks But also seem to be indicating that there will be a massive black swan event soon after that will wipe markets out (cyber attack possibly) I have no idea how true it is But I'm stacking as much as I can now and I will definitely be selling some crypto if there is a lift off
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Steve McQueen
Steve McQueen@TheCryptoEscape·
You don't know that for definite A "black swan" could be far more devastating than you think For example, Bitcoin revisiting $20k regions or lower Complete wipe out of most crypto projects Think about it, we have seen these massive drops and there hasn't been major bad news What if tether collapses... A major exchange falls.. World war 3.. Cyber attacks.. Collapse of current financial system.. All sound crazy until they happen We think these things are normal but really it is all a house of cards that could fall at any time (on purpose or by accident) I don't know if there will be a black swan or further decline in markets I'm positioning myself for the worst and best outcomes But I'm definitely openminded enough to think anything could happen
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NoDrift
NoDrift@ElGuiscardo·
@TheCryptoEscape We are not going to have a “black swan”, markets are already in shambles and drained. We will simply stay here at the bottom for a while until markets are ready. We may dip further.
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Steve McQueen
Steve McQueen@TheCryptoEscape·
What a wild day for $QUBIC yesterday This news went mostly under the radar For basically 12 hours straight, $QUBIC controlled over 51% of the $XMR hashrate For large parts of the day, they were controlling 80% to 90% of the total hashrate $QUBIC was at a market cap of around 65 million at the time while $XMR was at a market cap of around 5.5 billion Think about that, a 65m market cap project basically controlled a 5.5 billion market cap project for 12 hours If they wanted to, $QUBIC could have completed double-spends, revealed who was behind private transactions and a range of other security attacks Most insanely, as far as I understand.... $QUBIC could have permanently switched off all mining that didn't occur through the $QUBIC network... giving $QUBIC indefinite 100% control of the $XMR hashrate They could do this by orphaning blocks that weren't mined through $QUBIC Then around 1:30am this morning, this mining marathon switched off and $QUBIC went back to approx 10% hashrate control What happened here? I have no idea... But I guess it was related to the new mining algorithm that $QUBIC has implemented I also guess that this was a test for the upcoming $DOGE mining I think $XMR mining has been a complete test phase for $DOGE mining and I imagine when $DOGE mining launches, you will see that the $QUBIC network has a few surprises up its sleeve
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Steve McQueen
Steve McQueen@TheCryptoEscape·
As I said at the end, the current issue is that users end up holding the bag And yes, burning doesn't impact price but it prevents excessive inflation And yes, demand needs to grow It is very possible, we see it with many projects or many companies (any sustainable inflationary project like $ETH or $XRP and any stock issuance company) I know it is possible and the economic model can work and it is a very clever model if it can be made work correctly But I agree, currently, the main issue is that holders have been exit liquidity
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Wolf 🐺
Wolf 🐺@Trader_LoneWolf·
@TheCryptoEscape You should know by now that nothing is free in life. Someone has to pay the price, in this case it’s Qubic holders.
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Steve McQueen
Steve McQueen@TheCryptoEscape·
Wise words related to $QUBIC and big corporations AI development What many don't realize is most of those companies are losing a lot of money with their LLMs (Chat GPT etc) But they are propping themselves up by getting investment from chip manufacturers (Nvidia, Amazon etc) The AI bubble that exists currently because it is mind blowing and it surely will collapse at some point LLM creators are losing money but they get huge investments from chip manufacturers The investment includes an agreement that the LLM creator will purchase a set amount of chips from the chip manufacturer So you end up with LLM creators like OpenAI that are hiring lots of people and paying them a lot of money with the illusion they are making a lot of money (Anthropic for example is paying people ridiculous money for admin jobs that should be done by AI (100k+ euro 😅), they aren't living in the real world Of course, many LLM developer orgs will list stocks publicly eventually and will sell stocks for crazy inflated prices How do they pay employees and appear to be making money? Because the chip manufacturers like Nvidia are investing billions in these companies But the crazy part is that Nvidia then asks them to commit to buying a set amount of their chips over the coming years They have to do this because otherwise there wouldn't be growing demand for their chips Then they can list this demand in reports and say "hey look at how much our business is growing!!" and hire way more staff on crazy salaries And that means their stock price becomes grossly inflated The whole AI industry is crazy and it is built on quicksand Chips demanded by unprofitable companies that can't afford them who hire people who aren't needed to produce a tool that is hitting its upper limits already Possibly, they will have a breakthrough soon and it will all start to become profitable and work out But currently, if you compare this to the $QUBIC model and what @c___f___b has developed, the difference is insane $QUBIC produces its own income, gets its compute power mostly for free to train its own models A completely self-sustaining ecosystem The only issue is that currently investors end up holding the bag for this model to some extent (declining prices) But as things improve, and burns equalize more, this model is incredible and can self-sustain completely
samson ‎ױ@samsonofLA

@losaahead @TheCryptoEscape @c___f___b bro you have no idea how much those companies are losing... Qubic actually makes money while training and doing researching via mining

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Steve McQueen
Steve McQueen@TheCryptoEscape·
As I said at the end, the current issue is that users end up holding the bag And yes, burning doesn't impact price but it prevents excessive inflation And yes, demand needs to grow It is very possible, we see it with many projects or many companies (any sustainable inflationary project like $ETH or $XRP and any stock issuance company) I know it is possible and the economic model can work and it is a very clever model if it can be made work correctly But I agree, currently, the main issue is that holders have been exit liquidity
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Kovuh
Kovuh@0xKovuh·
@TheCryptoEscape the income and “free” compute $qubic recieves comes at the expense of holders being used as exit liquidity for miners. btw burns don’t impact price in any way, only buys can do so
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Steve McQueen
Steve McQueen@TheCryptoEscape·
@markcrypto8 @c___f___b Interestingly, for something like $QUBIC's AI models, I don't think there is any data/knowledge provided foundationally
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Steve McQueen
Steve McQueen@TheCryptoEscape·
I've seen quite a few people quote the below @c___f___b post about $QUBIC and say it is very bearish Basically, their logic is that CfB doesn't know if AGI is possible so he doesn't really know if $QUBIC will work out I don't think those people have quite thought this through Yes, it is an admission from CfB that AGI might not be possible currently and Aigarth/Qubic might fail on its path in the short term But the big picture of what he is saying here is: "We are going to get all the mining power we possibly can and direct it towards Aigarth to see if AGI can be created" That means that CfB believes he can suck up a massive amount of computing/mining power How can he suck up that power? There is only one way... The price of $QUBIC needs to be a lot higher The only way you can get a lot more mining power is a lot higher of a price So yes, there is no guarantee that $QUBIC will achieve true AI But while attempting to achieve this goal, it will need to gather a lot more mining power which means the price will need to be a lot higher in the near future
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Steve McQueen
Steve McQueen@TheCryptoEscape·
@losaahead @c___f___b Actually, most of those companies are losing a lot of money with their LLMs But they are propping themselves up by getting investment from chip manufacturers It is worth looking into the AI bubble that exist currently
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Crypto Lelouch
Crypto Lelouch@losaahead·
@TheCryptoEscape @c___f___b The only thing about $qubic is there is no working product. They been shitting on LLMs, etc but those have working products that generate billions of revenue and those companies are value at 1 trillion-ish. To me it looks like $qubic AI is either it works, or there's nothing.
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Steve McQueen
Steve McQueen@TheCryptoEscape·
The issue is that Google, Anthropic, OpenAI and xAI appear to be very far ahead on the wrong path And when it comes to decentralized AI, they aren't even on a path So even if they achieved AI before $QUBIC, they still would only be centralized AI Similar to how money existed for a long long time before Bitcoin But still Bitcoin was a revolutionary development
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Jean Fleury
Jean Fleury@CptJeanFleury·
@c___f___b @TheCryptoEscape @anna_aigarth Thank you! The models have improved a lot, though, since LeCun made these statements in ‘24… memory, advanced reasoning, a lot less hallucinations, billions of parameters, more compute. In the end, nobody cares about the architecture, but only about capabilities.
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Steve McQueen
Steve McQueen@TheCryptoEscape·
@Airdrop85042313 Yes overall success would depend on this I suppose But still, we would need to see the market cap of $QUBIC decouple from typical cryptos even during a bear
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Mr Coping
Mr Coping@Airdrop85042313·
@TheCryptoEscape It still ultimately depends what the overall crypto market is doing
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Steve McQueen
Steve McQueen@TheCryptoEscape·
It is an exciting time in the $QUBIC world Basically, very little excitement has happened for the average $QUBIC investor since early Autumn last year During that time, $QUBIC's name was on everyone's lips and it looked like it was time for it to take off and become a top crypto project But then it seemed like CfB took his foot off the peddle (intentionally??) and since then we have hit a price death spiral Now, we are very close to the completion of oracle machines and $DOGE mining Why am I excited by this? Because this is endgame time No more waiting around! No typical crypto investor behaviour where we spend the next 10 years waiting for "moon time" CfB always said the plan is oracle machines, outsourced computations and then Aigarth If $DOGE mining isn't the spark that starts $QUBIC on its path to being a top 10 crypto, then (imo) nothing will be If $DOGE mining doesn't have much price action effect, I'll turn bearish on $QUBIC I'll probably still hold and hope but I won't be able to see the path any more That line probably sounds depressing to some people But to me it is exciting because I want to enter into clarity I believe in CfB and what he has built and I think $DOGE mining will be the first major catalyst I'm excited to see this domino fall and the plan unveil Either way, I'm happy that we are at a point where we can stop speculating and start living the reality (be it good or bad)
REVO@REVOcommunities

It feels like something big will happen to Qubic with DOGE mining... are we ready...? $QUBIC $DOGE

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Steve McQueen
Steve McQueen@TheCryptoEscape·
@ZtotheNorris Yeah, basically if price doesn't move in a positive direction permanently in 2026, I'd be feeling very bearish I'd probably continue to hold but I'd basically just be hanging onto hope
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Zane
Zane@ZtotheNorris·
@TheCryptoEscape Copy so to dive deeper, im assuming your logic is that domination of $DOGE mining = gaining mass computational power = AIGARTH completion by projection date.. and on the flip, the opposite plays out if those landmarks aren't accomplished within your aforementioned time frame?
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Steve McQueen
Steve McQueen@TheCryptoEscape·
Oh yeah market performance matters But if $QUBIC is still coupled with $BTC price action completely all through 2026 then it means it isn't working It would need to out perform $BTC and most other alts I don't have set dates but basically, I'm thinking I'll judge it by Autumn 2026 It needs to be at the very least breaking into the top 100 or top 50 and showing clear progress week-by-week Hard to 100% say how I will judge it but I guess the main thing is seeing that it is growing in market cap on a week by week basis
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Zane
Zane@ZtotheNorris·
@TheCryptoEscape Wow been following you for years and this is the first time I have seen this sentiment. I am assuming you have a time frame in mind that you feel is ample enough for $DOGE mining to take grip and take off. What is that? Overall market performance doesn't change your viewpoint?
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Steve McQueen
Steve McQueen@TheCryptoEscape·
@june_22 @c___f___b Yep true But I also think he is saying that he doesn't know Nobody can know how much power it will take until it is done
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David Lee
David Lee@David_FTCDATA·
@TheCryptoEscape @c___f___b IMO all CfB is saying is that achieving AGI via centralized infrastructure isn’t possible and the way is via decentralized (mining) infrastructure. He has always maintained this position. $Qubic to $0.01 by tomorrow!!!
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