AMA with QUBIC by Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway

Yeah, this is my main reason why I am with cubic because it is something different It is something which does not exist as this on the market and we can We can build together the future by going new paths That's why I love to invest my time my energy and my full Deprecation to cubic Amazing answers in for that loving the technical details Well for people like me who have less technical knowledge the next question is actually coming for us For someone who's never heard of cubic How would you describe it at a dinner table like without no jargon like people form like me commoners, you know I give my best to Translated I should be able to do it. So you've probably heard about Bitcoin and that Bitcoin Burns a huge amount of electricity by mining or with mining and Many people do not ask or do not know for what it is but basically those those compute power those computers are solving mass puzzles in intact we call it hashing and and Basically this is not doing anything but just keep running to secure the network and Those puzzles those hash are in a are made to be hard to solve on purpose so to have a better picture it's like paying someone to Dig a hole and fill it back in a million times over so you repeat you basically repeat the same the same more or less the same work over over over and again and We took the same idea and pointed the electricity at something useful That's why we call it on cubic not proof of work. We call it useful proof of work This means that the compute power in our network they are not just digging holes. They are basically training ANNs to build the future of AI infrastructure Means the same energy but at the end of the day we have something Different we have something additional so we don't only secure the network But we also build at the same time with the same compute power with the same electricity something useful What is very important is cubic is not run by any company It's as I already mentioned it's open source. It's a decentralized network basically everybody can chain can join You can think of it as a super computer made by Let's say thousand or tens of thousands of ordinary computers Placed around the world coordinating themselves and nobody is owning it. That's cubic Well, thank you. I'm pretty sure now everyone has a better view on the cubic The data explanation. Thank you exactly how it should be explained for people like me So yeah, I want to go deeper and let's go deeper with the questions and From your position What is the core problem cubic is solving because you said useful proof of work So and why does the world need a decentralized AI compute network right now? There are of course different point of view I Start with some I think are very important So one of the problem is is today is a concentration You can see that training modern AI costs really a lot of money and Only let's say a hand or maybe two hand full of companies on the earth Can even do it? this means that those few companies Basically decide what AI gets built and What AI can do or should do Our bet is that there's another way We say it's a better way to pay for Such compute power so instead of raising a billion dollars from investors and make us dependable on on those investors we issue the token the cubic Cubic token and tell the people that they can plug in their machines and Connect and work together on something meaningful With the goal that the network pays for itself of course We've already got tens of thousands of computers connected so which are actively working on and with cubic and The good thing is we don't own them so these people are voluntarily contributing to the AI revolution on cubic and They decide to join us. We don't have to force them and Yeah, maybe a second thing is that This one is closer to To your world we're moving into an area and sorry into an era where AI Doesn't just answer questions So I mean today you maybe chat with chat you be or clawed and ask questions and they give you answers But in the future or they already do it they act they are They are maybe placing orders they they book services and They may even pay for things so the AI is gonna be more integrated into our all lives and An agent that acts need two things that don't really exist yet in my opinion It's somewhere to run that isn't once that isn't an own server of a company and the way to Settle payments so what we do is we work on the first so the cubic networks gives the platform to run future AI and We've all come with pay for example you guys You work on the second one to connect these two worlds together more more or less like this Well, thank you The problem is real and this solution is genuinely different. I can tell that and we all love the projects with real solutions The real world problems as well as you mentioning you know The AI is run by like handful of companies. It is always good to have a decentralized Net AI network actually So let's take a look at the close future The next question is about the next six months look back for cubic right What should the community be most excited about most the big one should the community be expecting from you guys? Yeah, I I mean I have a whole list of topics on this I choose Three of them to mention to not overwhelm First one is we are launching is so called and colony on cubic For people who do not know cubic in detail I told that we do a n n training on cubic so and colony is the next step of evolution on What exactly our useful proof of work is doing and With the next step of evolution we get One step closer to our goal which is The so called HCI it's Or yeah, it's HIs artificial artificial general intelligence so Cubic with its training is doing research scientific work and the next step is the ant colony which goes one step further into a NN a NN training on cubic and Second thing I like to mention is I Combined two together. It's so called outsourced computations and Oracle machines You can imagine cubic is is a decentralized network where where basically you can run smart contract or Yeah, basically run smart contract on it. Let's let's leave it with like this So what is this smart connect what is this smart contract which is not connected to the outer world? It's an isolated piece of code which cannot do much in the past You saw many projects which try to connect those isolated pieces of code with outer world through bridges through through So through not trustless connections and things like this and in cubic This smart contracts combined with Oracle machines and outsource computation is built into the core to enable the communication from and to cubic natively and those two pillars of cubic are Going to be used in the next six months. So it's like starting to Make cubic connected to all the world outside So this for me are these two three topics are the are for me the most excited to see cubic evolve in that world Well, thank you for the detailed explanation definitely Future is exciting and I personally will be paying attention to what is the kind of specialty and colony That sounds interesting for sure So we know with the next question of ours most blockchains burn energy on empty cryptographic puzzles Cubics useful proof of work actually train the AI models instead like you said it's actually useful So can you explain how that actually works and why it matters Like explain like a comment a commenter understands the all Yeah, I try so I'm the most Let's say the most channel and important things I think I only have mentioned I yeah, I try so As mentioned our our lighthouse project or let's say the north star for cubic is to reach HCI and And we don't want to do this like traditional elements. So We yes, we want to build exactly the the foundation The infrastructure where this future AI can live exist execute act and work on and and Yes, sorry and the useful is that Our let's call it miners. I mean there we call it also trainers or however you want to call it So the useful is that our trainers do exactly Help to research to reach This goal So that's why it's for us very useful um Easily said cubic does not use to compute power to just solve cryptographical puzzles Uh But it uses it for the research on 2 HCI Um, there are some let me think about we can also say that um the cubic itself the network allows also to To adopt I can give you an example so We have our AI initiative which is called a guard and a guard is the research project running on cubic and the a the AI training which is coming from the miners is basically The the compute power is redirected to this a guard research project But it doesn't mean that this is the only one um We also have a cubic science team which is working on the so-called new raxon and the same compute power can run against a guard and or new raxon so we have the flexibility To redirect the useful to what is really useful for the future of cubic uh Yeah Any detail question on that or it's it's okay Yeah, thank you take your great and detailed answer and i'm pretty sure everyone like enjoying it Uh the next question is actually about halving and i'm pretty sure a lot of people want to know more about it So the cubic halving is coming in this month actually in august Yeah within the august so burn rate jumping from 55