ICP No Longer Needs Crypto

Added: 2026-05-07

[00:00:00]Internet computer protocol has just broken free from the rest of crypto. It is now in the blue ocean of being a in a world full of opportunity.

[00:00:11]This is a big event because so far nothing else in crypto has broken outside of the narrow world of crypto.

[00:00:17]The narrow world of crypto is based on hype, narratives, speculation, and trading rather than genuine utility of the tech. But Internet computer protocol is now in the world of genuine technology utility to the point where there's people using the Internet computer protocol blockchain, they have no idea they're interacting with crypto, and yet they're creating ICP being burned to pay for cycles. Let me give you an example of this. So, my website at jerrybanfield.com where you can now record a video with me if you want to get in here and talk about anything with me, you can just go to jerrybanfield.com and you can even pay in ICP. There's a link on the bottom, but did you realize that when you go to jerrybanfield.com you are interacting with ICP blockchain right now. This is pulling data off of canisters, and I created this through Caffeine AI.

[00:01:09]This and I've created a whole 'nother business on jerrybanfield.net. I'm not actually going to run that, but just to demonstrate and to learn Caffeine AI myself, I made a tutorial on that. This is a big deal though because people outside of crypto are discovering this and are seeing what a big deal this is, and they're just amazed at the functionality. And people inside crypto will find that it has unmatched utility for being in the crypto space for making things that actually function and do what you want.

[00:01:43]ICP and that this Dominic was talking about this recently is that, you know, we're we're not part of crypto anymore.

[00:01:51]And this is very good because crypto has just destroyed ICP. It seems to me that the top channels are actually bound by terms and conditions either not to say anything about ICP at all or to actively suppress it. The entire environment in crypto seems to suppress ICP. But the people outside of crypto don't know about that. The people outside of crypto want technology to solve their problems.

[00:02:16]Now, I'd recommend if you want to hear much more about that, Bobby O on his Bobby O 2 channel has fantastic videos about that. And this one today called self-writing Internet four biggest differentiators, these are things the rest of the world cares about. They care about when I'm creating a website for myself, is it secure?

[00:02:35]Do I have ownership of it?

[00:02:38]Is it, you know, it can accept crypto payments directly, although I don't have it set up that way. I built jerrybanfield.net is able to do that.

[00:02:47]And you can build your own website to do that if you want to. I forgot the four things off the top of my head but that Bobby is talking about but it is it secure?

[00:02:56]And the identity with it, like being able to just sign in very easily with a passkey is really important. So, you've got the digital identity, the security, and then having everything that orthogonal persistence where if I upgrade my website with the AI and that it doesn't because the data and the code are in the same spot and it's set up to account for not having data lost when you upgrade it, this is essential for using AI and AI agents to build applications. So, when you've got your Caffeine AI websites building, this is extremely important. Thus, Internet computer protocol in my opinion now has the number one AI website app business builder in the world.

[00:03:42]And this is a business now that DFINITY can promote independently of crypto.

[00:03:47]This is a business where they're bringing in revenue in a way that's burning ICP and that is not even a part of crypto.

[00:03:56]So, let me show you that in action. So, when I go through in my account on Caffeine AI, you see when it says canister top up, that's taking my credits. This is around like 50 cents, I think or so. So, if I top up, it's 100 credits for $25. So, each credit ends up being like 25 cents. So, that's like 50 cents that went to top up my canister, and that's essentially paying my web hosting bill by buying ICP and burning it.

[00:04:28]So, now DFINITY with Caffeine AI has set up a revenue generation stream that takes US dollars to pay for real service, Caffeine AI building websites and businesses, and then when you have these canister top ups, that's burning ICP to pay for computation.

[00:04:50]So, now there's a growth engine that is tied to burning ICP that is not tied to the speculative price of ICP or exchanges or narratives or, you know, just generic vaporware marketing hype. But this is tied to real world use.

[00:05:06]So, the more Caffeine AI gets adopted, the more people sign up and are paying DFINITY to use this application which is building on the blockchain, the more canister top ups will be happening inside the application, the more DFINITY will have to buy and burn ICP to pay to continue to run this.

[00:05:26]This is an incredible sequence of events, especially when you consider that there are governments like Pakistan, like Switzerland that are looking to build out their future infrastructure using this same system.

[00:05:40]They are tired of being confined to big tech companies or having to manage the infrastructure themselves.

[00:05:46]And if they manage the infrastructure themselves, they're looking at getting hacked or spied on into oblivion. So, you've got governments and companies, I imagine, are in the same spot.

[00:05:56]Everybody's trying to figure out how do we protect ourselves from cybercrime?

[00:06:00]How do we integrate AI? ICP solves these big two issues and has an actual functioning application running right now and you have no idea it has anything to do with crypto on the surface. But when the applications are getting used, they're burning cycles creating a demand for ICP that DFINITY then can buy the ICP and burn it. We now are in a setup with ICP that nothing else in crypto has.

[00:06:27]And the rest of crypto is basically useless speculation, hype, and marketing that's running on vaporware copies, and trying to build on top of all these archaic blockchains. And then they're all competing. Crypto's gotten such a bad name throughout most of the rest of the world. When I talk to people in person, I don't even like telling them that I do crypto. And you know what that means?

[00:06:52]That means no more bull market euphoric because when people have that bad of an attitude about crypto, they're not going to be tricked in to the next garbage coin. But when they start using ICP and they didn't even realize they were using ICP, but they build on Caffeine AI or they start signing in with Internet identity to what their government has them use, and then they realize, what is this built on? Which most people might not, but a few will be wonder, you know, what is this that I'm interacting with and how does it work? And then, oh, well, turns out this is Internet computer protocol. This is the most advanced blockchain in the world, and it has a token that you can actually earn an APR off of. And if you stake it, you can go in and get a 6% APR on it.

[00:07:38]And you'll have people being like, what?

[00:07:40]Huh?

[00:07:41]Like, see Wait, wait, wait, you said this this this is a coin that has an APR on it that I can actually earn off of?

[00:07:50]You see, this is a unique setup in all of crypto.

[00:07:53]And I think our time is coming for ICP.

[00:07:58]When we've got this set up for governance.

[00:08:01]When we've got this set up where real businesses are being built from Caffeine AI.

[00:08:07]When you've got the network is set up where there's all these subnets being built.

[00:08:13]Everything's continuing to be built out.

[00:08:16]Subnets are expanding all over the world.

[00:08:18]And uh you know, governments are looking to build on them. When we've got almost 12 terabytes of data stored on blockchain already and we've barely even got started.

[00:08:28]The cycle burn rate's up to $6,000 a day right now from 5,000, and keep in mind more ICP gets burned when the price is lower.

[00:08:38]You got thousands of transactions a second, which is more than anything else does.

[00:08:43]We're in position.

[00:08:45]And all we have to do is hold the hold the door.

[00:08:49]Or whatever y'all are watching now.

[00:08:52]We just have to stand and hold our position.

[00:08:55]Everything looks perfect. All right?

[00:08:59]And therefore, all we have to do is sit tight and wait. Now, for some of us, this can be more difficult. They always say in shavasana in yoga that oh, for some of you, the hardest part of yoga is just laying down doing nothing. Not for me. After I've moved and exercised and done a power flow in a 95° infrared heated room, now it's very easy for me to lay down and rest.

[00:09:21]But in crypto, at this point, if you're in ICP, you've done the hard work to find the opportunity.

[00:09:28]Really, you can lay down and rest and move on with your life.

[00:09:32]You don't even need to watch ICP videos.

[00:09:33]You don't even need to think about ICP anymore.

[00:09:36]You go ahead and build your business or whatever you got like I have that you you want to build on here.

[00:09:42]And you tell your friends about it. I mean, in theory, you could even go around town. There will be entrepreneurs that will see this on Caffeine AI and will go around town getting clients and rebuilding other people's websites on this infrastructure because it'll be cheaper. They can charge their clients less less and it'll be more secure.

[00:10:01]So, at this point the work's been done.

[00:10:03]We found the opportunity and all we need to do is wait.

[00:10:08]I know waiting can be hard.

[00:10:10]But, what helps me is not focusing on ICP all day.

[00:10:15]When I did ICP videos, the main thing I did and I focused on it and that's how I made most of my money. I also got burned out cuz every damn like, why is the price not moving? Why is why is the price not moving? When you focus on the price, I'm not What is the price like 230 or something today? When you focus on the price, it seems like nothing's happening, especially as it's like 238.

[00:10:34]When you watch other prices go up, too, and ICP goes down, it's like, "Oh my god, what's happening?"

[00:10:39]What's happening is we're in position.

[00:10:42]And we just have to wait.

[00:10:44]Wait until the real usage comes in. Wait for cybercrime and AI to keep escalating. Wait for many things that are being built on ICP today that have been started.

[00:10:55]Wait for them to launch. Wait for them to go to the next step.

[00:10:58]Wait for people built apps that they're getting ready to kick in their marketing where you can swap all these different cryptos directly on ICP.

[00:11:06]All I have to do is wait.

[00:11:08]So, that's why I'm not obsessing about crypto anymore. That's why I have five YouTube channels.

[00:11:14]I have I'm helping, you know, people build their YouTube channels.

[00:11:17]I'm out playing video games and hanging out and having fun at Jerry Banfield Gaming.

[00:11:22]I got this main Jerry Banfield channel I'm going to focus on building an audience locally to come to in-person shows.

[00:11:29]And why? Because I'm already I've already done the hard work for ICP. I don't have to keep doing it every day.

[00:11:35]I'll keep covering ICP. I'll keep making videos.

[00:11:38]But, most of the work's done.

[00:11:40]We're in position.

[00:11:41]All we need to do is relax. Everybody else is doing their part.