We broadcast this episode live from our booth at Q2B, one of the premier quantum shows of the season in Silicon Valley. Between cleaning crews and leftover beer cans from the night before, we packed in a lot of ground to cover.
Open Quantum Credit System Revamp
We originally set out to make unlimited quantum compute free, funded entirely by miner emissions. With TauFlow changing the dynamics, we needed to rethink that approach to avoid constant sell pressure. We launched a revamped credit system where anyone can sign up for a free account and claim credits. We only give away credits where we know we have the budget from TauFlow to support it, which keeps the tokenomics solid whether emissions are high or in a trough.
We split credits into two types. Spark credits have a shorter lifetime (three months), are available through promotions and wallet linking, and can be used for public jobs executed through the Bittensor network. Full credits are paid, expire after a year, and unlock both public and private execution paths.
Wallet Linking and User Incentives
Wallet linking is now live. If you hold alpha in Subnet 63 or Subnet 48, you can link your wallet through the My Account page on Open Quantum. The verification process integrates with both the browser wallet and the CLI. Once linked, your subnet ownership translates into a monthly dividend of Spark credits based on the amount of alpha you hold.
Ecosystem Development and Future Plans
We are live with Qiskit, which represents about 74% of the quantum framework market share. Penny Lane is next, covering roughly the low teens to 20%. After that, Cirq rounds out the long tail. We are also working with QBraid and several new partners on native integrations where users get single-click account linking, rolling out in Q1.
Over the next 60 days, we plan to bring on one ecosystem partner, add one or more QPUs, ship Penny Lane support, and drive adoption through marketing initiatives. In Q1, we will add two more QPU vendors, sponsor the MIT iQWAC Quantum Hackathon, sponsor the APS March Meeting in Denver, pursue co-marketing with QPU partners, and begin Subnet 63 integration into Open Quantum. We are also working to line up institutional OTC buyers for miner emissions to further eliminate systemic sell pressure.
Subnet 63 Phase Two
We presented a plan to the validators for running the challenge system more on-network. Researchers discover challenges online, access existing source code, and submit solutions through CLIs or the website. Open Quantum prepares their submissions and manages miners on their behalf so researchers never have to deal with Bittensor complexity. Validators run the submitted source code, and solutions that pass go through a human review to ensure genuine quantum IP is being built. Prize pools are funded by emissions routed to treasury wallets, and winners are paid out in USD.
We have three big names in the quantum space interested in collaborating on challenges, one big name in crypto, and a couple of smaller players at the intersection of both. Phase two will be a Q1 activity.
Addressing Market Concerns
The halving is coming, and there is caution in the market. We see virtually zero near-term downside for our subnets. Subnet 48 is already burning 90% of emissions and only using 10%, so even cutting emissions in half barely moves the needle if we adjust our dials. On Subnet 63, all emissions fill treasury pools, so prize pools just build at whatever rate emissions come in. TAU becoming more deflationary should, in theory, make it a safer investment long-term.
Quantum Industry Highlights from Q2B
- Joe Altepeter (DARPA) shared that in 2025, resource requirements for breaking RSA 2048 came down massively, requiring substantially fewer computational qubits than originally thought. He also noted surprise at how many viable quantum approaches have continued through the Quantum Benchmarking Initiative with substantial DARPA funding.
- John Preskill discussed the same RSA-breaking innovations, reinforcing the significance of these advances.
- Scott Aaronson talked about peaked circuits, noting that the experiments would not have been possible with hardware even two or three years ago. We met with Scott and shared the work our community has been doing on peaked circuits. He was particularly interested in whether people were simulating at scale or finding structural exploits.
- Edward Farhi, a principal scientist at Google and co-inventor of QAOA, discussed opportunities for integrating larger-scale optimizations into the 300-to-500 qubit range.
- Yuval Boger (QuEra) said he believes utility-scale quantum computers are sooner than five years away.
We continue to see that every organization purchasing physical quantum computers has unused capacity, which makes us extremely bullish about aggregating that into Open Quantum.
Bob Wold (BeyondNISQ) [00:01]Hey guys, it's Bob Beyond Disk coming to you live from our booth at Q2B. So the internet didn't work today. We're tethering through our hotspot. So we will see how that all goes. But my apologies in advance. Also, you know, it's not like quantum people are big partiers, but the last night ended with drinks and there's still like beer cans and wine cups around here.
Bob Wold (BeyondNISQ) [00:01]So I'm assuming people are going to come through and clean that up while we're in the middle of our show. It'll get a little noisy. So bear with us for the ride. We're going to go do it together. All right. Let's jump into today's presentation. So this is qBitTensor Labs Live. Thanks again for joining us. We always appreciate the support. We're doing it live from Q2B, which is a quantum show in Silicon Valley. It's kind one of the premier quantum shows of the season.
Bob Wold (BeyondNISQ) [00:01]And as always, we're gonna do this, we're gonna be as open as we can with you guys, as forward looking as we can with you, but the lawyers tell us we have to say that these are all ideas and not promises, even though we do tend to consistently deliver on them, that these are not investment or legal advice, and that if eventually this content starts being weaponized, we'll probably have to stop doing it. And if you agree to that, then we're here and we're gonna keep streaming. So let's...
Bob Wold (BeyondNISQ) [00:01]get into it. We got kind of a lot of ground to cover. I'm going to move fast though, because I am totally sus that the cleaning crew has to come through here and other booth exhibitors are going to be through here soon. So we'll hold on to your seats and we'll get rolling. First update is Open Quantum. Today with Open Quantum, we're going to talk about a couple things. There's actually some big changes to how we do credits to deliver free compute. We really made some optimizations to make that work really well with TauFlow.
Bob Wold (BeyondNISQ) [00:01]Bit tensor's crazy, it's changing so fast. We're not totally sure how the governance works, but we're along for the ride and we're reacting and we're making things work better than they ever would have with the original design with the new design. We also have wallet linking live. So I'm gonna guess that by the time this is done, a few of you are gonna have linked your wallets. And then there were a lot of questions about kind of what comes next. So we'll talk about those things. So revisiting the credit system. When we launched the original model,
Bob Wold (BeyondNISQ) [02:25]It was essentially to make unlimited amounts of quantum compute free. We were going to pay for that with the minor emission. And we would essentially just queue up users. So if we started running out of emission, the queue times would just get really long. With the change for Tauflow, though, we really needed to reassess that because we didn't want to create that constant cell pressure. And so what we launched with was actually a credit system where everybody at the show, everybody on the internet can sign up for a free account.
Bob Wold (BeyondNISQ) [02:25]And as soon as they sign up, they can go in and claim credits. We're only giving away credits where we know we have the budget from TauFlow to do it, where it supports all the tokenomics. It also creates a sense of urgency for people to sign in because there's this idea of like, well, supplies last. And so we've seen kind of a lot of people rushing in there to claim their credits. The key things though is that this ensures that the subnet can thrive with TauFlow.
Bob Wold (BeyondNISQ) [02:25]whether the emissions are sky high or whether the emissions are kind of in the trough. And it really creates like solid tokenomics. And so we split the credits into two types of credits. We call them spark credits, which have a shorter lifetime. They expire after three months. They're available through promotions, wallet linking, anybody can apply for them. And they're only available to be used for public jobs. So those are the jobs where
Bob Wold (BeyondNISQ) [02:25]Your circuits are transmitted out to the BitTensor network, the miners that are on there interacting with the validators execute it. We also have full credits. So full credits are the ones that you have to pay for and those expire after a year. They're available both for purchase today and they allow for public and private execution. So you can use them either to go through the BitTensor network or you can go just directly through us and you know who has custody of your data.
Bob Wold (BeyondNISQ) [02:25]So, so far things have been working pretty well with that and it gives us like a lot of control in terms of just doing smarter things that reduce systemic cell pressure.
Bob Wold (BeyondNISQ) [04:23]Okay, next wallet linking is live. So if you're holding alpha in 63 or 48, you can go to open quantum. I technically you can link any wallet. If you don't hold anything in 48 or 63, it doesn't do you any good. But you can go into the My Account Link Wallet, enter in the address of your wallet. It'll take you through a quick little verification process that has integration into the browser wallet and also through the CLI.
Bob Wold (BeyondNISQ) [04:23]You verify a code by hashing it, put in the hash, and then we can verify your custody of the wallet. With that, will be now, in case there are new people here, the whole point of doing that, why would I do that, is any ownership that you have in the subnet will result in a monthly dividend in terms of Spark credits. So those Spark credits that we had talked about that allow you to execute through the public network,
Bob Wold (BeyondNISQ) [04:23]Those will come every month based on the amount of alpha that you hold.
Bob Wold (BeyondNISQ) [04:23]Okay, so the status at release. This will be the last time we show this slide. We've kind of been using this as the consistent way of showing things, but since we're live, I mean, the answer's mostly like, done. Subnet code has been done for a while. Open Quantum APIs have been done for a while. The Open Quantum website is now done for all of the features that we intended for launch, and it is launched. The last thing was that wallet linking that we just talked about.
Bob Wold (BeyondNISQ) [04:23]Now, where we will continue to talk is around quantum framework integration and partner integrations. So we're live with Qiskit. That represents like 74 % of the market share. The next item is Penny Lane, which represents a very small portion. Like it's in the low teens, maybe 20 % market share. But we'll be adding Penny Lane next. And then you get into kind of the long tail. Cirque will probably be the last one that is worth building based on market share.
Bob Wold (BeyondNISQ) [06:24]We also are working with QBraid and actually a lot of new partners after the show and the announcement to start integrating into their systems natively. Today those users can use it by just pip installing and running the open quantum SDK, but we have a much more native integration where it's kind of like single click linking of accounts and those will start rolling out in Q1.
Bob Wold (BeyondNISQ) [06:24]So the next big steps for open quantum and subnet 48 is that over the next 60 days, we'll be bringing on one ecosystem partner, which represents, again, the demand side. That's the users that are doing quantum execution. We're to bring on one or more additional QPUs. We will be adding Penny Lane support, and we'll be very much focusing on driving adoption and getting more people in through some marketing initiatives.
Bob Wold (BeyondNISQ) [06:24]In the first quarter, we'll bring on two additional QPU vendors. We'll also be sponsoring the MIT, they call it the iQWAC, it's the Quantum Hackathon at MIT. There's an APS, the Annual Physics, what is that, Annual Physics Society? I guess I don't even know what APS stands for. I'm looking over at my guys, they're all looking back at me. But it's like a giant show, they call it the March Meeting, where a ton of physicists come together. That's gonna be in Denver.
Bob Wold (BeyondNISQ) [06:24]We'll be sponsoring that. There's some co-marketing opportunities where a couple people that we partnered with for QPU access want to work with us to promote open quantum. And then one of the big things will be 63 integration. So remember, open quantum is not just about subnet 48 and executing free quantum compute. That's sort of phase one of what open quantum is. But it's also going to be about using that platform and the eyeballs on that platform to
Bob Wold (BeyondNISQ) [06:24]drive traffic to the challenges that are part of 63 that will create quantum IP that we then license. Oh, and lastly, we will be trying to work with some institutional OTC buyers. So one of the cool things is like right now there's basically no systemic cell pressure on our subnets, like both 63 and 48. The minor emission is not being sold today. The owner emissions not being sold today. Value emission goes to APYs. So that exists, but that goes to you guys.
Bob Wold (BeyondNISQ) [08:44]But there's essentially no cell pressure until we start selling minor emission to pay for QPUs. So one of the things we're trying to line up is to actually get an OTC buyer for as much of that emission as possible, like large institutionals, so that that further eliminates any systemic cell pressure, which we're really good in TauFlow. All right. Man, I feel like I'm moving way too fast in a giant empty exhibit hall. All right.
Bob Wold (BeyondNISQ) [08:44]Let's dive into subnet 63, phase two. From a prior qBitTensor Labs live slide, we had shared that we were presenting a plan to the validators of how we could do all of this in network. So originally, the plan was largely to just have the network put the emissions into prize pools, and then we would do most of this out of network. But we presented a plan to the validators on how we were going to be bringing quantum PhDs to bit tensor.
Bob Wold (BeyondNISQ) [08:44]by focusing on doing this more on network. And so the primary user stories for this were that we want researchers to be able to discover these challenges online. We want them to have access to existing source code to get started. And then we want them to be able to submit their solutions both through CLIs and also through the website in order to actually try to win these milestone prizes. In the event that they do win them, we want to give them that money in USD instead of in alpha. And so...
Bob Wold (BeyondNISQ) [08:44]We designed a subnet where researchers interface with Open Quantum and they submit through, again, CLIs or websites. Open Quantum prepares their solutions and then manages and curates miners on behalf of those researchers so that they don't have to run miners. We then submit the solutions with this miner linked to that researcher to the validator where they run the source code that was submitted. In the event that they fail, we report failure.
Bob Wold (BeyondNISQ) [08:44]No more work required. In the event that they pass, we then go through a human review process. So one of the interesting things about quantum is that because quantum computers aren't at a large enough scale and reliable enough yet, usually you'll be able to do this stuff classically faster. And so we do want to ensure that we're actually building quantum IP and not just building classical IP. So there will be a human review process. Once we report that that succeeds, then the validators and the owner together
Bob Wold (BeyondNISQ) [11:10]unlock the prize pools and we issue that out in US dollars to the researcher. The role of the researcher here is to do awesome work and to not be bothered by the complexities of bit tensor. The role of open quantum is to make them aware that these challenges exist, to do all the coordination between bit tensor and the researchers and to get those dollars back to them in US bank accounts. The role of the validator is sort of three things. One, they validate the miners' solutions.
Bob Wold (BeyondNISQ) [11:10]Two, they help sign the transactions. BitTensor is working on releasing a treasury wallet feature in the next couple weeks where we can basically participate in managing that together. And lastly, they assign all the missions in real time that come off the network into these treasury pools to build up those prize pools. And so maybe one of the more interesting things is we usually, like we haven't, in,
Bob Wold (BeyondNISQ) [11:10]classic startup world, you try not to get too far ahead of your skis so you don't tell people too much about things before they're alive. But Open Quantum has drove in a lot of attention at the show and a lot of partners have been coming out of the woodwork wanting to know more about how it works and wanting to know more about what's next. And so we actually do have three pretty big names in the quantum space that want to collaborate on bringing the 63 challenges out. We also have one big name in crypto who has expressed some interest in participating in that.
Bob Wold (BeyondNISQ) [11:10]And we have a couple smaller names that happen to be at the exact intersection of crypto and quantum. And so we're really excited to see if we can pull one or two of those, know, carefully selected to find the right kind of culture and brand value and get ready to bring those to market.
Bob Wold (BeyondNISQ) [13:29]All right, the halfing, dun dun dun dun dun. So the halfing is coming. You know, quite frankly, I don't like to make like speculative comments about token price, but I do think if we had come to this show a few months ago, things would be totally bonkers right now, but the halfing is causing, I think, lot of caution, right? People don't know how it's going to behave. There have been a lot of changes in bit tensor, and so I think a lot of...
Bob Wold (BeyondNISQ) [13:29]is sitting on the sideline. But I sort of want to say that with everything in life, there's like this realm of things that we can be concerned about. There's the realm of things that we can influence, and then there's the realm of things that we can control. And the having is sort of like, it's in the concern realm, maybe a tiny bit of influence, but ultimately kind of out of our control. And so when things are in our control, it's sort of like, there's no excuses, just make it work. When you can influence things, it's like, let's have a plan A.
Bob Wold (BeyondNISQ) [13:29]We'll try to tweak things to make plan A work, but we've got a plan B and we'll react. And when it's in your concern, you just need to understand what it is. You need to do the things that are in your control, figure out what they are, but be ready to react. And so I say that, but when we look at it, we actually see that there's virtually zero near term downside for quantum. That's everything we have been able to model. So essentially,
Bob Wold (BeyondNISQ) [13:29]Cutting the TAU emission in half, essentially cutting the US dollars in half, the real economic value in half in terms of emissions, seems like it would be a huge deal. And for most subnets, it probably will be a big deal. But you have to keep in mind that subnet 48 is already burning 90 % of our emission. We're only using 10%. We had planned to turn that up quite a bit, but we haven't. And so even just turning that up to 20 % means that it's the exact same US dollars. Combine that with the fact that we're now doing these Spark credits.
Bob Wold (BeyondNISQ) [13:29]And it's like, okay, well, you just issue more credits or less credits to bring people into the network based on the emission you have. And so we have a lot of dials turn and it doesn't really impact us. On 63, we're just filling the pools. So all emissions go to treasury pools. So we'll just build the coffers at whatever rate the emission comes in at. So, you know, I think there are a lot of subnets that do need to be highly concerned. I don't think that our subnets need to be concerned.
Bob Wold (BeyondNISQ) [13:29]I think people should be looking at the macros. think what are TAU investors thinking, which is mixed. Some people are extremely bullish. Some people are very nervous. What are the DTAU investors think? I think there's a lot of uncertainty putting people on the sideline. I suppose that is a negative impact because we're not seeing probably the same speculative upside that we might see based off of all the like awesome value that we're creating. But I think that that's all going to come, you know, it's going to flow through. People will get back to their usual behaviors.
Bob Wold (BeyondNISQ) [15:58]There's a lot of upsides too though. So, TAU becomes a safer investment in theory, right? Like, in theory, there is scheduled deflation of TAU. Like, it's really cool that the TAU value has gone up, but like, it has built-in inflation and that's getting cut in half. Can't be bad for things, right? So that feels like that should become very cool and hopefully brings more money into TAU and more detail investors if things go well.
Bob Wold (BeyondNISQ) [15:58]All right, so we'll hit up some quantum stuff. I know we're only 20 minutes in. I can hear everybody starting to set up around here. I don't know how much is coming through the mic, but we'll kind of wrap through this quick and wrap early today. All right, this dude on the screen, his name is Joe Altapeter. Joe runs the quantum initiatives for DARPA. And I always like to use Joe's slides. He's like one of my spirit slides. Joe said something that I have said in the past.
Bob Wold (BeyondNISQ) [15:58]but this is the first time I've seen him actually show it, which is that in 2025, the resource requirements around RSA came down massively. So we originally thought that it was gonna require massive numbers of computational qubits. We now think that that's a substantially lower number of computational qubits that will be required for RSA 2048. That is a very cool acknowledgement.
Bob Wold (BeyondNISQ) [15:58]Joe also had typically been like, quantum computing may work, it may not work, it has been unproven. Sorry, that's my DARPA impression. But now he's basically gotten to do a probe of all of the people deep within quantum companies. And he says, one thing I'm surprised at is how many viable approaches there are. So most of the quantum computing companies that have made it into the quantum benchmarking initiative,
Bob Wold (BeyondNISQ) [15:58]have continued into having substantial DARPA funding, which is sort of not what people would have expected. They would have thought that DARPA would have found problems and pulled out a whole lot
Bob Wold (BeyondNISQ) [18:03]John Preskill, who actually in recent years would have probably been considered the number one guy in quantum, like the number one guy to listen to, also talked about the same thing, the innovations that are happening in terms of breaking RSA. Very cool. He had a number of other things to talk about, very matter of fact, but the breaking RSA thing I thought was just a particularly interesting thing for everybody to be fixated on.
Bob Wold (BeyondNISQ) [18:03]All right, you guys's man, Scott Aronson was also here. Scott's big super, he's super practical. He's not skeptical, but he's like a realist, know, when a lot of people are high people. So he did talk about peak circuits, which we've been working on very closely. He says this experiment would not have been possible with the hardware even two or three years ago. So right, we're making huge strides.
Bob Wold (BeyondNISQ) [18:03]He says with peak circuits, you should not be able to find that peak at a certain size on a classical computer, sort of like emphasizing how crazy it is if people can actually simulate these. We are excited to sort of have those guys in our corner. We met up with Scott. One of the funny things, he was talking about how he made one comment on his blog about
Bob Wold (BeyondNISQ) [18:03]how quantum computers were coming for Bitcoin and all of sudden strangers from Twitter started going crazy. And my head honestly went to like, how much of that is us? Anyway, we talked to Scott. We told him some of the cool work that you guys are doing. He was pretty excited. He was really interested in how people were solving them, if they were just simulating large or if they were finding exploits, kind of in the same vein as when they originally invented RSA.
Bob Wold (BeyondNISQ) [18:03]They created a bunch of incentives to try to see if people could actually break these technologies. And they did. And then they iterated. And then they broke them again. And they iterated. And then nobody could break it. And they knew it was good. So sort of like equating a lot of what we're doing here to those early days of RSA, which I think is really cool. Edward Farhi. So we've not talked about this guy before. He's
Bob Wold (BeyondNISQ) [20:17]The principal science, a principal scientist at Google. He was also one of the like three inventors of QAOA. QAOA is the quantum algorithm that does optimizations, essentially large scale optimizations. So really cool to have him around talking about opportunities to potentially integrate like larger scale optimizations to see if we could get those things into sort of like the 3D for 500 qubit range with these challenges.
Bob Wold (BeyondNISQ) [20:17]And in terms of open quantum, you know, I continue to see that the industry is purchasing more physical quantum computers. Every single person I've talked to who has purchased a physical quantum computer doesn't use it all. And so we are extremely bullish about getting out there and trying to figure out how many of those we can bring on board if we can start buying up capacity into open quantum and not just make it like, you know,
Bob Wold (BeyondNISQ) [20:17]sort of like an open market, but actually make it more like the Uber of quantum computing, which would be really pretty sick, I think. Alright, Yuval Boger. So there's a cool company called Quera. They're actually right around the corner here. They're spin out from Harvard, actually. I was about to say MIT, but they're spin out of Harvard. And Yuval, the gentleman who's their chief commercial officer, well respected in the industry,
Bob Wold (BeyondNISQ) [20:17]Said I think utility quantum computers are sooner than five years away, which is Very aggressive and all right chief commercial officer. Maybe you're a hype man. You've all not like he's like a scientist more Well, I don't know maybe you disagree but to hear the to hear the you know We've got Ion Q talking about their roadmap to get utility scale got IBM talking about theirs We've got Quera talking about theirs. They're all building them different. They're all coming at it from different angles and they all think it's like within five years
Bob Wold (BeyondNISQ) [20:17]bonkers.
Bob Wold (BeyondNISQ) [22:14]All right, we're already at community and Q&A, which is perfect, because we definitely got to wrap before this gets real awkward. All right, so SN48, let's see here. It says, thanks for the heads up. Are you going to go into more detail about the features in the upcoming roadmap? I think we did that. So we won't go too much further here. But if you do have more questions, hit us up. Again, roadmaps are always changing, but we would love to hear more from.
Bob Wold (BeyondNISQ) [22:14]More from you guys if you have any questions on that or recommendations on that, we're always happy to hear that stuff. What are some milestones and goals you'd like your subnets to reach in 2026? Would be cool to have both a realistic and an optimistic answer. Yeah, totally. I try not to be the hype guy, I try. Yeah, so I would say, know, we definitely see free quantum compute as an opportunity to land graph.
Bob Wold (BeyondNISQ) [22:14]We think that there are hundreds of thousands of users out there who would use the system to experiment on quantum computers. We'd like to get as much of a share of that as we can. With free quantum compute, it's hard to imagine you don't get access to a substantial part of that market. Anything more concrete than that, I would probably be reluctant to say, but I will also say that having announced this right before the show, VC investors have been
Bob Wold (BeyondNISQ) [22:14]actively trying to talk to us to learn more, where usually as a startup you're trying to pursue them and get them to talk to you. And so I think the whole world sort of sees this as a pretty significant thing that could be, you know, extremely meaningful and grow into something that's just very big long-term.
Bob Wold (BeyondNISQ) [24:32]63, 63. Be good to provide some preliminary information on, it's already the 10th of December, would be good to hear, yeah, okay. So we're working on phase two. We probably could have had phase two live today, except I don't wanna say like governance is unclear in bit tensor. So when we originally put out this change that said, hey, we're just gonna route all the emission into a wallet,
Bob Wold (BeyondNISQ) [24:32]We thought that that was just going to be done, and we thought we were going to have massive prize pools, and we were going to have these prizes launched. Now we do have a substantial amount of infrastructure to build, like BitTensor infrastructure to build, in order to deliver those challenges. It's not just about defining the challenges, it's about all the plumbing in and out of all the validators and stuff like that. So there's a little bit more work to get that done now. As you guys know, the validators were burning minor emission.
Bob Wold (BeyondNISQ) [24:32]And at this point, we've seen like over $300,000 in minor emission burned. Actually great for your tokenomics because that money just goes into the value of the alpha, but not so good in terms of building the prize pools. So we are actively working to get them to resolve that. We do believe that within the next two weeks, it will be guaranteed to be resolved. We're hoping to get it resolved today. Oh yeah, there's the cleaning crew.
Bob Wold (BeyondNISQ) [24:32]coming through now, hey guys. All right, any updates, any dates? We're not gonna share dates on this one, but it's definitely not gonna be December, just to get the plumbing implemented through with the holidays and everything like that. So it's definitely gonna be a Q1 activity, but we won't put dates beyond that at this point.
Bob Wold (BeyondNISQ) [24:32]Oh, we've got JB Rings. Hey JB. What's the team's ideal duration for challenges on Subnet 63? So the cool thing is, the more often they're solved, the more often we get to hype. We get to go to media and say, hey, some major thing was accomplished and it gives opportunities to like reengage with the market, get more eyeballs on the system. The longer they stay open, the more interesting it is, the bigger the challenges, like it's novel that
Bob Wold (BeyondNISQ) [24:32]couldn't be solved. And so you definitely don't want these things to be like, we put them out and they get solved. We them out and they get solved. We them out and they get solved. We want it to be much more that they are out there for a period of time, and then they get solved, and then we get news coverage because of it. On the flip side, no, I guess that's kind of it. If we put them out and they were just giant ones, like say we put out a challenge and it's like break RSA 2048.
Bob Wold (BeyondNISQ) [26:46]give you a million dollars, you know, that's also stupid. I mean, you'd make like, you'd get one big news coverage once and that would be it. People would like lose confidence. So there is a sweet spot where it's like not too soon, not too long, but there's a very big upside to like, call it things that are achieved as often as like once a month to as slowly as kind of like once every six months. Both of those are kind of like usable scenarios.
Bob Wold (BeyondNISQ) [26:46]Will there be multiple running in parallel? That is the plan. Yeah, absolutely, there will be multiple running in parallel. And we may, how we launch those, may be one at a time, it may be multiple at a time, that kind of depends a little bit on partners that are interested and like so say, we have some challenges ready, essentially sitting on the shelf. If we have a partner that wants to launch one of them with us and we can leverage their brand and their platform,
Bob Wold (BeyondNISQ) [26:46]we might slow that down and hold it until they're available and do a bigger splash around that one. I don't wanna give too many hints away, I don't wanna be too misleading, but it will depend. In the long run, we do wanna have multiple running at once.
Bob Wold (BeyondNISQ) [26:46]Sentiment, okay. Omar, you did good with these sentiments today. Okay, we got the good and the bad, that's perfect. Okay, so let's start up here. It says mobile site is GARP. Sick burn, bro. Yeah, actually the Quantum Rings website is, like we don't have a front end dev do that, we just host that through like a WYSIWYG, you know, SaaS website.
Bob Wold (BeyondNISQ) [26:46]So yeah, the mobile site is sort of garbed, that's true. Maybe we wanna tune that up. Let's see here, I think 48 and 63 will be fine in the long run. What goes down must come back up. Yeah, you I don't think, I mean, honestly, so if I'm being like, you guys have been in BitTensor longer than I have, but we launched like an enterprise grade platform that lets you execute quantum circuits, like the bleeding edge of deep tech.
Bob Wold (BeyondNISQ) [28:55]driving innovation, we're at a show, we're getting coverage. Like we got covered by the quantum computing report, we got covered by like in a couple like crazy newsletters, like everybody here knows about us, right? So like if those types of things happened, I, in any other subnet, at a time when you didn't have tile flow distracting everybody, and you didn't have the halfing coming like tomorrow, boom, boom, boom, I feel like it would be like bonkers and through the roof. But I also appreciate that like,
Bob Wold (BeyondNISQ) [28:55]It's a crazy time, know? mean, like, people are worried about what the future of BitTensor is. There's some fear, uncertainty, and doubt, even if people aren't out there fighting. So yeah, you know, I just think it's strange time. But I do think we're delivering, like, deep, deep value here, long-term value, and so I don't speculate on alpha price, but I feel fine. Let's see here. Damn it, boys.
Bob Wold (BeyondNISQ) [28:55]Quantum is suffering right now. Yeah, how we feel about this? Yeah, you know, I appreciate that you guys have each other to talk to about that. We feel pretty good. We're not, we're not, you know, we're not selling. Bob like sharp. Come on guys, I did shave my beard. That was like my quantum beard. It was making me look a little elderly though. So Scott back challenge or advisor role would be insane. I agree. And I actually, I'm not gonna say that that's a thing or not. Okay.
Bob Wold (BeyondNISQ) [28:55]Cupid Tensor Labs live out. Thank you everybody and we'll talk again real soon. See ya.