We need to talk about the Internet Computer

[00:00:00]Okay, guys, we need to talk about the Internet Computer.

[00:00:04]This is a protocol that many retail investors have written off as dead.

[00:00:10]Now, in this video, I'm going to be kind of trying to convey why I think that is the wrong conclusion. We're going to focus on just one very specific element of the Internet Computer in this video.

[00:00:24]We are going to be talking about smart contract canisters. We're going to be talking about running software on chain.

[00:00:32]We're going to be talking about how the cloud services that we currently rely on for pretty much everything can actually be replaced by the Internet Computer. And what that means for the enterprises, and what that means for people who are invested in the Internet Computer.

[00:00:52]So, hi. Welcome back to the channel. My name is Nick. And yeah, I'm just walking through the woods today with a camera to talk to you about the Internet Computer, about what it's doing, what it's not doing, and why it's actually a rather important piece of the Web 3 stack. And how it bridges the gap between what Web 2 currently offers and what Web 3 can.

[00:01:18]So, let me uh move away from the wasps.

[00:01:21]That's a little frustrating.

[00:01:23]Being chased down. Um that's the problem, I guess, with these little kind of raw videos, walk and talks, no editing allowed. Rule one, no editing.

[00:01:32]That'd be far too far too easy. Anyway, let's talk about the Internet Computer.

[00:01:38]I'll do a little bit of a walk around here.

[00:01:40]Um don't really know much about where I am, actually, to be fair, today.

[00:01:44]Um so, anyway, the Internet Computer Let Let's uh Let's start things off by avoiding the people who are coming this direction. So, it's a little frustrating um when you are doing these kind of conversations with a with a massive DSLR pointed in your face.

[00:02:07]Raises questions. It uh sparks conversation and uh that ain't really my thing. Anyway, we'll just move out of the way.

[00:02:18]Um but we're not going to do any editing, so we're just going to crack on with this. Let's kind of discuss the Internet Computer then. So, I will face this way and hopefully try to avoid any kind of conversations. That's not my thing.

[00:02:35]Anyway, the Internet Computer is let's actually start with how it began, right? Because the Internet Computer, as many of you guys know, it had the best launch, right? It started in 2021. It launched on all major tier one exchanges simultaneously.

[00:02:55]And ultimately, it did really, really well straight out of the gate. But, as you guys know, it didn't didn't last, right? There are many reasons why ultimately it did pull back quite aggressively.

[00:03:11]And well, we are where we are today, $2 and some change. And that was from a high of over $700. So, it came down pretty aggressively. But, it didn't stop the Internet Computer from continuing on its mission to create a world computer.

[00:03:27]So, basically be able to prove that you can run software on chain without the need of a centralized server.

[00:03:36]We can argue and we can talk about how the Internet Computer is a direct challenge to the data centers and the cloud as we know it today, right? Whether you are using a Microsoft or an Amazon or even an Apple cloud of some degree, ultimately you're relying on a central authority, right? Someone who has ultimate control over whether your application, your website, your data can live or die, right? They have ultimate control over it. They say jump, you have to say how high, right?

[00:04:13]But the Internet Computer changes the dynamic. It changes it completely, right? By essentially removing that third-party entirely, right? Because software, whether that's a website or an application, can run on chain through a a canister on the Internet Computer.

[00:04:30]Now, a canister is basically just like a container that can execute smart contracts. And it can run applications, websites, and all these various different things. So, basically it just means you do not need to rely on Microsoft Azure, you know, Amazon Web Services, or um Google Cloud or or any of these third-party providers.

[00:04:54]And it's a direct challenge to that, right?

[00:04:58]But it goes even deeper. And this is the this is the thing that I think that 2025 and 2026 has taught us more than maybe the previous years is that countries all around the world are starting to realize that there is a massive monopoly on data.

[00:05:21]Right, data's incredibly valuable, right? Whether that's your data or a company's data, data is ultimately a very valuable resource. Get sold all of the time. And ultimately, when you use a website today on the Web 2 world, you are essentially just selling your data to use the Internet for free, right?

[00:05:42]Maybe that's fine for you. Maybe it's not fine for you.

[00:05:47]Maybe you don't want your data out there, right?

[00:05:50]And as we kind of get into a world now with artificial intelligence, the Web 2 space it becomes even more dangerous. Let's kind of really get brutally honest about it. And this is why we need to talk about the Internet Computer more now than ever before because we can't just simply believe that the Web 2 world where we basically give all of our data over to these companies for them to train their AI models on or for them to sell our data to advertisers, whatever it may be, is becoming particularly dangerous.

[00:06:28]Artificial intelligence, whether people have acknowledged this or ready to acknowledge it, it puts the Web 2 space into a rather vulnerable position because your data can be used by AI.

[00:06:40]And that isn't good, right? Let's just face it.

[00:06:45]But, Web 3 changes the economic model of the Internet. Instead of selling your data to participate, it's more like a pay-to-play kind of game.

[00:06:59]Right? If you go to any blockchain at the moment, they're going to ask you a lot of a lot of you, right? Set up this wallet, buy that token, store that token there, use that token for gas fees for interacting with these applications which are Web 3 decentralized applications, right? You own your data.

[00:07:18]You could monetize your data if you wanted to, but you are ultimately responsible. If you want to play with the Internet, it's going to cost you these tokens.

[00:07:26]But, the Internet Computer changes that economic model for Web 3.

[00:07:32]And it actually becomes a lot more interesting. So, with canister smart contracts, and this is the part that I think a lot of people need to really pay attention to because with canister smart contracts, it's the applications, the developers, the companies that are behind those websites, those applications, they have to provide what they call cycles to actually run that software, right? To run the computations, to run the application, to run the website, and to keep everything operational, it costs cycles. And those are paid for with ICP tokens that are permanently burned from the circulating supply, that turn into cycles that then basically are used for computation on the internet computer.

[00:08:18]Might sound really complicated, but it's it's not. Honestly, it's quite straightforward.

[00:08:22]Right? And it changes that economic model, because now you're not asking users to go ahead and set up a wallet, go ahead and buy ICP tokens, then use those ICP tokens to participate on these websites and on these um applications.

[00:08:39]So, now you've got not only a direct threat to the cloud providers, you know, the Microsoft's, the Google's, the Amazon's, right?

[00:08:49]You now also have a direct threat to how the Web 2 space works, because Web 2 relies on people using it, providing data that they can then sell to advertisers or use to train AI models, and and it gets quite scary, right? That whole idea that your data could be anywhere, and AI could know an awful lot about you knowing anything about the AI, right?

[00:09:15]We are entering a pretty dangerous world when it comes to the artificial intelligence, who you are as an individual.

[00:09:22]And I see ICP as a potential solution to this rather massive problem.

[00:09:29]But it's not just us that as retail investors that are noticing, as people who are familiar with crypto universe, but countries are recognizing. I mentioned it earlier just a little bit that with the cloud providers ultimately having control where ultimately they say jump, you say how high, as we said earlier, countries recognize that that's not a good idea, is it? Right? If they've got their own data, government data, um large enterprises that are inside their you know, jurisdictions, but the data sits on foreign-owned data centers, although maybe geographically located inside the country, ultimately a headquarters in the US could access Swiss-based, you know, data because they have root access to the data center. And that is by design, right?

[00:10:24]So, when we think about data centers and how they are structured, right? You've got Amazon, you've got Google. Let's just use Google as an example, right?

[00:10:32]Google will have data centers in strategic geo-locations, meaning they'll probably have one here in the United Kingdom, they'll probably have one in Scotland, they'll have one over in, you know, multiple major cities in France, Germany, Switzerland, and so forth, right?

[00:10:47]But all of those data centers will have root access at the Google headquarters, which means that wherever the Google headquarters is is the jurisdiction, the laws that govern that particular organization.

[00:11:01]But that's not good if you are, let's say, Switzerland, right? You've got a lot of private data in Switzerland, and you want it to stay in Switzerland. But all of a sudden some employee over in Ireland can go ahead and access the root access of the data center, and Bob's your uncle, you've got yourself a bit of a problem.

[00:11:22]Now, Switzerland have recognized this, and they have set up the Swiss subnet.

[00:11:27]This is a group of nodes on the internet computer that are geographically located within the borders of Switzerland, right? All the data sits within those ranges in Switzerland and can be verified, right? On the decentralized network globally, but does it the data itself stays inside Switzerland.

[00:11:48]Now, Switzerland's not the only one looking at this, right? Pakistan has also acknowledged there is a problem and has a memorandum of understanding with the internet computer about exploring how it can use these subnets for its artificial intelligence.

[00:12:04]Now, that also changes the game, but it just shows another demonstration that the world is moving towards this particular kind of infrastructure. An infrastructure where you can segregate where the data is stored, right? And you can have it verifiable on a global decentralized network, but no one can leak that data, right? And it's obviously secured at the hardware level.

[00:12:27]I could go into detail. I'm not going to because this video would be way too long and I'm already out of breath walking around in circles.

[00:12:34]I need to get out more because exercise is something I lack these days.

[00:12:39]Which is ironic because I used to be a cyclist way back in the day. Anyway, um where was I? Yeah, Pakistan memorandum of understanding and the AI subnet potential.

[00:12:52]This also goes even deeper when we just think about data centers, clouds, because the EU is basically making it a mandatory requirement that data stays inside borders and it doesn't leak out. That means that the current structure of data centers is impossible under the EU law that's coming into action. So, ultimately, it's inevitable.

[00:13:15]The world is going to have to move away from the data center structure that we have and the only question I now have in my head is whether the legacy infrastructure from Google, Amazon, Microsoft are going to be able to adapt, come up with a new infrastructure for their data centers that aligns to the EU laws, or whether businesses in the EU are going to start looking at what's happened in Switzerland, what's happened in Pakistan, and start to explore the internet computer. Now, I put a video out not that long ago talking about the potential for the internet computer ICP token to move to $200. And I I'm a believer that given enough time, enough adoption, I think that is a very real possibility. We're not talking about new all-time highs. We're simply talking about enough of a burn effect for ICP tokens into cycles to power the basically decentralized sovereign subnet structures, and of course, the new Web3 experience and applications.

[00:14:25]I could be wrong, but I have a indication that this is the general direction that this particular type of market seems to be moving towards. So, I've I'm invested in ICP, you know, and I have a feeling that that's the general direction of travel. I could be wrong, but I have a feeling that given everything that we know about what's going on with Switzerland, Pakistan, and the EU regs, that this is probably the direction that we are heading in. Whether that means that Google, Amazon, Microsoft they deploy their own, you know, internet computer subnets in those regions to kind of bypass the EU regs, who really knows, but it's going to be an interesting story to keep on tracking. So, just wanted to put a quick video out there to talk about the internet computer because the way that I see it right now, the price is pretty reasonably priced. It's pretty cheap in comparison to where it's been.

[00:15:22]Could it go lower? Probably.

[00:15:24]And that presents itself with opportunity in my humble opinion. But of course, I'm no financial advisor. I'm just a guy with a camera walking through the woods and your money is your responsibility. For now though, if you found this useful, smash the like button. Really do appreciate that. If you are new to the channel, hit that subscribe button and I'll catch you all in the next one.