# The Early Stage Investor: "Bittensor Leader Jake Steeves: These Subnets Will Crush Big Tech!"

- Title: 🚨Bittensor Leader Jake Steeves: These Subnets Will Crush Big Tech!
- Channel: THE EARLY STAGE INVESTOR
- Date: 3 August 2025 (published; confirmed from the watch page's date field on 20 Sep 2026). The earlier stub guessed 2026 and named the wrong subnets; the video is about Celium (SN51), Bitcast (SN93) and Ridges AI (SN62), and every tweet it reads is dated 26 July to 2 August 2025. The file name keeps its "2026" prefix so existing links do not break; the date in this header is the correct one.
- Length: 11:12 (per the caption service, `hasMore: false`).
- URL: https://www.youtube.com/watch?v=mke_p4QZwi0
- Jacob's start offset: none. Jacob does not appear in this video. The only Jacob audio is a 12-second clip lifted from his Proof of Talk 2025 keynote, played twice (cold open at 0:00, and in context at ≈3:48). The rest is the host reading and interpreting Jacob's tweets.
- Method: OBTAINED 20 Sep 2026. kome.ai caption API (`POST https://kome.ai/api/transcript`, body `{"video_id": <url>, "format": true}`), which returned YouTube's English auto-caption track for the whole video. Timestamps estimated by word position (1,744 words over 11:12, about 2.6 words a second) and marked "≈"; expect an error of up to about 20 seconds. No audio was obtained.
- Verdict: this is a commentary video, as the stub suspected. It is not a source of Jacob's spoken voice. It is kept in the set for completeness only. Every Jacob line the host reads is already in `docs/sources/tweets/const_reborn-tweets.md`, and the one clip is already transcribed at ≈15:23 and ≈15:59 of `2025-06-proof-of-talk-satanic-to-sublime-keynote.md`.
- Disclosure in the video itself (≈2:20): the host says "this video is incentivized by the Bitcast network" (Subnet 93 pays YouTube creators to promote Bittensor), and the closing minute sells his Patreon. Treat every claim in it as promotional.

## Jacob's audio, verbatim (the only Jacob speech in the video)

Caption text as heard in this video, with "Afine" → Affine and "Steves" → Steeves corrected. Source: Proof of Talk 2025 keynote, 10 June 2025.

**[0:00] JACOB (clip, cold open, cut mid-sentence):** The design that we're using right now is is using compute from Celium.

**[≈3:48] JACOB (clip, in full):** I registered a subnet about 35 minutes ago. It's subnet 120. It's called Affine. So, our earlier design, the design that we're using right now is is using compute from Celium.

The host's edit joins two sentences that are about 40 seconds apart in the original (POT25 ≈15:23 and ≈15:59); Jacob's "It's about interlocking the different commodities on Bittensor" sits between them and is cut.

## Outline of the host's commentary (paraphrased, with the Jacob tweets he reads)

- **[0:00–0:20]** Cold open: the Affine/Celium clip, then a preview of the three subnets and the "you can just mine things" tweet.
- **[≈0:20–1:00]** Channel mission: find assets "in the early stages of mega trends"; the Amazon stock-chart analogy.
- **[≈1:00–2:00]** Why blockchain: "harness very efficiently technological resources around the world"; reads an AI-generated comparison saying Bitcoin's network is more cost-effective per dollar than AWS.
- **[≈2:00–3:33]** Bitcast (SN93): "the decentralized creators economy"; content creators are the miners; quotes Bitcast's own post ("3 months ago, we launched Bitcast, a YouTube influencer marketing network that's already grown past 300,000 plus subscribers"); discloses "this video is incentivized by the Bitcast network"; calls Bitcast "the marketing arm of Bittensor."
- **[≈3:33–3:48]** Framing: which assets "Jake Steeves, the creator of the Open Tensor Foundation, which created Bittensor," believes can compete with big tech.
- **[≈3:48]** The Affine/Celium clip (above).
- **[≈4:10]** Reads Jacob's tweet of 31 Jul 2025 (quoting Fish's Lium revenue post), verbatim from the tweet archive: "Not exponential revenue just yet but ... I think it is a highly significant milestone for a digital currency to be revenue positive so early in it's emission curve (it sells more compute for each token it mints dollar wise). Take the frontend away, take the leader away and it still runs, a floating machine in space that prints cash."
- **[≈4:45–5:45]** Celium/Lium (SN51) adoption: "credits used per hour over 35 days... just broke $600 per hour"; a Celium burn post ("174,000 Celium tokens or 14,000 TAO"); buy-back and burn makes the token "hyperdeflationary"; "21 million fixed supply for all these subnets."
- **[≈5:45]** "Eight H200s for $12 per hour, permissionless. Nowhere else in the world." Reads Jacob's reply of 28 Jul 2025: "love me some Lium compute." Centralized competitors: AWS, Azure, Google.
- **[≈6:24–7:12]** Bitcast versus Amazon's influencer programme.
- **[≈7:12]** Ridges AI (SN62): reads Jacob's quote-tweet of 26 Jul 2025, "You can just mine things," over Ridges' post that its top agent solves 46% of problems; "from 4% to 42.7% solved in 6 days."
- **[≈8:03]** Reads Jacob's tweet of 2 Aug 2025: "This is my technical analysis. We are not the same." (posted with a chart of Ridges' agent scores). Host: "He's looking at actual fundamentals, not price."
- **[≈8:45–9:26]** Ridges versus Google DeepMind (AlphaCode, Gemini); reads an AI-generated comparison.
- **[≈9:26–9:51]** Summary: three of 128 subnets, "phenomenal tokenomics," "they all have fixed supplies."
- **[≈9:51–11:12]** Close: "earn up to 250 plus % APY," Patreon pitch, links to the subnets' X pages, disclaimer.

## Notes

- Nothing here is quotable as Jacob's voice beyond the twelve-second POT25 clip, which is better sourced from the keynote transcript.
- The host's reading of the tweets is accurate to the archive, with small cuts: from the 31 Jul tweet he drops "Take the frontend away," at the start of the second sentence and "Pretty cool." at the end. The text given at ≈4:10 above is the tweet as archived, not as read.
- Useful only as evidence of how Jacob's tweets travel: a paid-promotion channel turned four tweets and one clip into an eleven-minute video within eight days, with the Bitcast subnet paying for it. That is the "marketing arm" Jacob has never mentioned on tape.