I don't have a thermometer to figure out the temp to maintain in my quart sized pot.
so im going to bring the water to a boil then turn off the heat.
lets see what my $15/lb ribeye cap will look like after an hr.
if under cooked, i'll probably just fry it in a pan.
You're not doing something new, but what you want to do is bring the water to ~3 degree F above your target cooking temp, and do the cooking in a well-insulated cooler. You need a laser thermometer and a good cooler to do this. If you just leave it in your pot, it will fail.
If you put your ribeye into the boiling water, then you've already failed.
OP is trolling, right?