Every single Bitcoin narrative makes more sense on ICP. This will be the most important Bitcoin video you ever watch, and it might be one you don't want to watch if you're a Bitcoin maxi, because the reality as I see it is that Bitcoin has sold us a dream. ICP has made the technical reality of executing that dream successfully possible. I'm going to lay out all of that here for you, which, if you're a regular on my channel, will be the same stuff I say every day. If you're new here, it'll be what could be a rude awakening, or it could be the information you've been looking for.
Today's version of Jerry Banfield is chill. If you want the really wild swearing version of Jerry Banfield, you can get that on the Sui stream I did yesterday, where we went all out. I just got a massage. I'm hella relaxed today. Let me tell you what I mean.
The peer-to-peer cash narrative
Right now, for example, the peer-to-peer cash narrative is what Bitcoin introduced. Bitcoin gave us the idea of having money that we didn't have to depend on a centralized entity for. That's huge. The problem, though, is that the reality of peer-to-peer cash that the Bitcoin dream was selling has fallen apart. The reality is that the Bitcoin blockchain can only do about seven transactions a second, which is not scalable. That's not going to work for a planet with billions of people. And the reality has left us at a point where 99% of so-called transactions with Bitcoin actually happen on a centralized third party, which totally defeats the point of peer-to-peer cash.
If I'm going on Coinbase and supposedly buying Bitcoin on there, I'm trusting that they actually have it on the blockchain. That's not peer-to-peer cash. That's me going right back to Big Brother. It doesn't really matter whether it's Coinbase or a bank. And now the narrative for the future of Bitcoin is that banks, ETFs, crypto exchanges, and governments are just going to trust-me-bro hold your Bitcoin for you. What happened to peer-to-peer cash? When I got into Bitcoin 12 years ago, I thought this was going to be something where I was going to have my Bitcoin, you were going to have your Bitcoin, and we were going to send it to each other. Not that I'm going to go over to Coinbase, buy some Bitcoin, and just let them hold it and speculate on the price.
Meanwhile, ICP has the technology and it's active now. It's not like maybe this will be out someday, or we're working towards this, or we're going to be able to do this. ICP has the technology right now to actually do peer-to-peer cash. I used to have points where I was a Bitcoin maxi, where all I held was Bitcoin, where I thought everything else was crap. And once I used ICP, I thought, this tech is so good, this makes everything else useless. Most people in crypto have never actually used ICP tech.
ICP is doing 161 blocks a second. While most chains are lucky to do a block a second, ICP has done more transactions than any other blockchain. It does 161 blocks a second. What's different about ICP, though, is that it provides the entire infrastructure. Right now, the fatal flaw with Bitcoin is that all it is is basically a spreadsheet secured by cryptography. That means you need a wallet. Even if it's a hardware wallet, you're still depending on a third party to manage your access to the blockchain. You are not getting in there and accessing the Bitcoin blockchain directly yourself.
ICP sells the reality of peer-to-peer cash, where you can go into the ICP blockchain directly on a website URL and then make the transactions. For example, my website at jerrybanfield.com is hosted on ICP's blockchain. No other crypto is even close to being able to do something like this. No other crypto could even come out with something like this on their blockchain within probably five years. DFINITY, like Bitcoin, has been in crypto a long time. It's taken them 10 years to set this up. And this is what you need to be able to do.
Someone asked whether this means banks could use ICP and we wouldn't even notice it. Absolutely. ICP is the only crypto that could be used and you wouldn't even know it. Especially with cloud engines, governments are looking to move their infrastructure onto ICP because they want all the benefits of the blockchain.
Take their network nervous system as an example. The ICP I'm holding is in my real wallet, my only ICP wallet that has money of any significant value in it. This is something you can't do with any other blockchain. I'm directly in the blockchain interacting with my wallet. In other words, I don't need a third-party wallet to interact with the blockchain. I don't need a crypto exchange. I don't need MetaMask. I don't need a hardware wallet. I'm directly in the blockchain because ICP is the only blockchain that can actually serve web just like regular websites on Amazon or Google. ICP is the only blockchain powerful enough and designed to be able to send directly to your browser.
Now, you might assume all these other things in crypto are built like that, but they're not. They have a tiny little blockchain similar to Bitcoin or Ethereum, and then they're just sending transactions, but all the rest of the infrastructure is hosted in the rest of the cloud. Even people who aren't crypto-savvy can grasp this. These are things a regular person needs to understand to see through all the inaccuracies in crypto, because Bitcoin is being sold to you like it's some savior, like it's doing these amazing things, but it's doing almost nothing. By comparison, ICP is doing everything you could want a blockchain to do, except have the price constantly go up.
And why is that? Well, because once you see what I see about ICP, you can see everything else in crypto is just like them old sugar daddies. They be telling them girls "you can have whatever you like." They be tricking when they telling them girls that. Every other crypto is like a sugar daddy that's tricking. There's no reality to what they're saying. ICP is the only crypto that's not basically out here tricking, promising this while delivering that. You need to be able to go straight into the blockchain itself to eliminate third parties, and only ICP does that.
I'm working on setting up the one-on-one call included in the jerrybanfield.com membership, and I think I'm planning to expand locally so that I'll have an in-person get-together every single day for people who are a member. Anybody online can come whenever they want in person. What do you think of this? I'm thinking I'm going to take like an hour a day, every day, and have an in-real-life meetup for everybody that's a member of the Jerry Banfield family.
Scaling Bitcoin: ckBTC with no bridges
You can swap and "frag" Bitcoin and ckBTC with no bridges. In fact, the best Bitcoin scaling solution we have in the world right now is actually on ICP. Did you know that? If you go to the ICP dashboard at dashboard.internetcomputer.org and go to multi-chain Bitcoin, you'll see that if you have any hope of Bitcoin actually delivering on any of the things it was founded upon, ICP is the best tech in the world to do that. All the other wrapped tokens get you back to a centralized Bitcoin. You bridge with those, or use some multi-sig wallet. And you know what happens to multi-sig wallets? Something irresponsible happens with multi-sig wallets. It's inevitable. It's just a matter of time before the wallet gets compromised, a couple of people on the team get paid off or get phished, and there goes everything.
Someone mentioned having some ICP and some TAO. TAO is like that TI song, "you can have whatever you like." It's just a sugar daddy tricking, with no ability to actually deliver. TAO, from what I can see, is an absolute trick. I think Bobby Oh did a debate on it. They're doing nothing important. ICP is doing everything important in crypto, which is why you don't hear about it. Because once you hear about what's happening here, it's so remarkable that you wonder how anybody could talk with any integrity about anything besides ICP.
Be your own bank
Another thing sold in the Bitcoin dream was to be your own bank. This idea that you just sit there with Bitcoin on your computer and governments couldn't take your money from you, and your corporation or whoever you're afraid of, the evil gangs down the road in some of the rougher spots in the world, couldn't just take your money. Well, the reality of it is, you're selling a dream that when you wake up, you see it doesn't work out. Bitcoin sold the dream of letting you hold your own assets. But the problem is, the blockchain itself is not powerful enough to support that. So you always need some third party to help you hold your assets.
Let me give you a concrete example. Let's say I take a trip to a country that's a little hostile, or maybe where the people don't have that much integrity stopping them from just stealing my crypto. I don't want to dime any country out in particular, so let's just say I go to one of those countries. I fly in, and I'm foolish enough to fly in there, and I've got my phone and I've got some hardware wallet with me because I've got my Bitcoin and I'm self-custodying it. Not my keys, not my crypto. So I've got this hardware wallet. And where do you imagine I'm trying to hide it? The only place I could hide it and hope they might not find it. This reminds me of Pulp Fiction and that watch conversation. So I'm going into this country with my hardware wallet just stuffed up there. And they decide to search me. They're like, "Mr. Banfield, you're going to pull this hardware wallet out for us?" And I'm trying to keep my keys, my crypto. And they steal it. There goes all my Bitcoin.
So you say, well, you should have just left your Bitcoin at home. But now I'm traveling to a foreign country where I might need my Bitcoin, and I should just leave it at home? So if somebody breaks into my house while I'm gone, they're just going to steal my hardware wallet and it's gone. Does that sound good? You see, the Bitcoin dream doesn't hold up in reality.
Now let's go back to this hostile country, because if I'm trying to travel, I want to take my Bitcoin with me. What if I get stuck in this country? What if I need to pay off a bribe? So you say, well, you shouldn't have had a hardware wallet, you should have just had it. Okay, well, where should I have had it? You should have had it on your phone. Okay. So I've got Coinbase, and they force me at gunpoint to open my app up and withdraw my Bitcoin from Coinbase and send it to them. Same problem. They just stole all my Bitcoin. And look, I'll just delete the Coinbase app, you say. But they can go in and see what apps I've installed and make me install a Coinbase app at gunpoint.
How ICP sells this reality
So let's give you an example of how ICP sells this reality with the same scenario. I want to keep that same Bitcoin, because for some reason I just can't let go of Bitcoin, and I'm in the know enough to transfer it to ICP and over to chain-key Bitcoin. So instead of having a hardware wallet that I'm carrying precariously, instead of using Coinbase, let's say I put my Bitcoin onto ICP and ckBTC. Because the phone has a secure environment in it, now I go to that same hostile country. I whip my phone out and I open my Coinbase account, and there's nothing in there. And I don't have anything to pull out of my body as a hardware wallet, because I don't need it. I have my ckBTC sitting on an OISY wallet on Internet Identity, but the hostile authorities don't know that because it's in an incognito private browser window.
Now, if I personally went around the world with my big Jerry Banfield face, they could easily look me up on ICP. But you're probably not a public figure like that. So you could take your Bitcoin and your ICP all over the world on OISY, at oisy.com, because that's hosted on ICP. And as long as you had an internet connection, you'd be able to discreetly access your Bitcoin, your Ethereum, your ICP, your other tokens, your stablecoins. You could go all around the world with your phone, and malicious authorities at gunpoint could not get you to give up your crypto because they couldn't find it. Because it's in an incognito window, stored securely inside the phone, directly interfacing with a browser interface, they couldn't get to it. That's just one single example of one single way the Internet Computer protocol delivers on the real Bitcoin dream that Bitcoin doesn't have. It would be difficult to move your Bitcoin around discreetly without ICP, as I just described.
Someone pointed out that all crypto is easy to hide if you want to. Yes, you can certainly do that, but you always run into the same issue: even if you are trying to hide your crypto on different hardware and software wallets, different exchanges, and different addresses, you still are stuck depending on the blockchain. With ICP, I'm not trusting anybody besides the blockchain. Bitcoin's whole idea was to remove the trusted third party, but it's failed to deliver that in reality, because the main way 99% of people interact with Bitcoin today is through a so-called trusted third party, such as a crypto exchange, a bank, or a hardware wallet. Even one of these cards is a trusted third party. Like we saw with Ledger, after all this time, people thought Ledger was so great and secure, and then you find out it has a backdoor. There's literally a backdoor coded into it, and they phrase it as, "Well, we'll help you recover your crypto." That is useful, but it's also defeated the whole promise the wallet was sold on.
ICP is the only thing that truly can remove that third-party dependency. ICP is the only thing that can deliver the dream of Bitcoin in the world. In reality, no other crypto is even close. In fact, the most bullish signal I see for ICP is that other cryptos are trying to position their marketing to act like they're ICP, like I highlighted with Sui yesterday. One of them sugar daddies is trying to trick girls saying "you can have whatever you like." You can't. Because at some point, the trick is going to be up. You can dig into more of this on my ICP Crypto playlist.
Digital gold
Bitcoin, at this point, does have marketing, and it was the first thing that gave us a taste of decentralized money. But the narratives around Bitcoin today, like digital gold, don't hold up. Digital gold doesn't make sense for Bitcoin. Maybe I'll make this point better when I get a real gold chain, but gold is real gold. There's gold in my computer right now. There's gold all over my house in different electronics, not very much, but it's there. There's gold that you can wear as jewelry. There are all kinds of real uses for gold. You see how gold has a whole bunch of things you can do with it, whether it's to have some bling, or to put it in a gold bar and transact it for money, or to put it into a computer, an electronic device, or cables. There are a lot of real things you can do with real gold.
The digital gold analogy does not work with Bitcoin, because Bitcoin is not digital gold. Almost the only thing you can do with it is hope the price goes up. What else can you do with it? There's almost nothing else you can do with Bitcoin besides go to a third-party website like an exchange, buy so-called Bitcoin there, which you don't even know if you actually have as real Bitcoin on the blockchain, unless you take that Bitcoin off the exchange and put it in another third-party wallet, which hopefully you don't lose the recovery phrase to.
Someone said it's true, those other blockchains doing fake advertising and telling lies, they are. And the more honest each of us gets, the clearer it becomes. I was fooled by all these blockchains in the past, but the more integrity I got myself, the more I was drawn to see through all the lies. And to me, digital gold is the biggest lie around Bitcoin. That is just marketing language. That's not actually true. What would digital gold have to be? Digital gold would have to be something with real value inherently. And if it's going to be digital, that would mean something you can use for a wide variety of purposes, like how real gold can be necklaces, watches, rings, computer parts, or a whole bunch of other things.
Bitcoin used to have a real purpose
Bitcoin used to actually be more valuable, because a lot of the altcoin exchanges back in the day didn't have a lot of money. This was before some of you were born. Most of you are in your 30s and up now. But back in the day when I started in crypto, all you had on the major exchanges was often Bitcoin. All you could do on Coinbase was buy Bitcoin. I remember when they first released Ethereum, it was like, whoa, a second coin. But if you wanted to trade altcoins, what you had to do was buy Bitcoin and then send it off Coinbase onto some sketchy exchange that didn't do KYC, and God knows what they did with your Bitcoin. Lots of times they just stole it. Like FTX, Celsius. How many more do I need to name? Mt. Gox. There's a whole bunch.
So you'd send your Bitcoin onto some altcoin exchange, and then your Bitcoin would be swapped against hundreds of altcoins. That gave Bitcoin a clear purpose. Bitcoin was the crypto you could swap for everything else with. You'd wait forever to send your Bitcoin from one exchange to another, and then you could swap and play all the altcoin games on that exchange. That gave Bitcoin a lot of real utility, because Bitcoin was being used as a reserve asset against all the rest of crypto. Plus people were just holding it. Now, with stablecoins, Bitcoin is not being used the same way it used to be.
Once you discover ICP, you see that ICP can be used to trade crypto, it can be staked, and it can be used for governance. The things you can do with ICP are so much greater than Bitcoin. For example, with ICP, you can stake your ICP and earn. I'm actually earning higher. If you look at my neurons, one of them is earning 8.68%. That's going to be a lot better than you get at the bank. Now, if you're brand new, you're only going to get like 6%, I think, or that's the max. So a brand-new neuron locked for only 14 days is getting around 2% APR on a potentially appreciating asset. Not financial advice. So my ICP can be locked up and I can earn an APR on it.
Yes, ICP is inflationary, and that's fine
All the silly haters that haven't thought things through come along and say, well, ICP is inflationary. First off, did you think I didn't know that? And second off, yeah, so what? If you're going to have an infinite-computation-based platform, it would be insane not to have it be inflationary. And Bitcoin is inflationary also, didn't you know that? Just because it has a cap that could be relevant in a hundred years, Bitcoin is unlocking the supply with mining. In that sense, it is absolutely inflationary. There are millions of dollars in new Bitcoin being unlocked every 10 minutes.
There's as much Bitcoin unlocked via mining as there is in a whole month of ICP voting rewards and node payouts. So the inflation Bitcoin is experiencing every 10 minutes is the same as a month in ICP. Now, ICP is valued a thousand times less than Bitcoin right now because the crypto market is desperate to keep Bitcoin going. But let's use the calculator.
At the current market price, Bitcoin's inflation is actually about four times as high as ICP's effectively right now at the current market cap. Because every 10 minutes or so, you're getting around three Bitcoin unlocked. Let me run the math: three Bitcoin every 10 minutes, that's around $180,000 of new Bitcoin created every 10 minutes, so that's roughly a million dollars an hour, which is about the same range as ICP. A million dollars of Bitcoin every hour, times 24 hours a day, is $25 million more Bitcoin every day. Running it out as three Bitcoin times roughly $65,000, times about six blocks an hour, times 24 hours a day, times 30 days, that's around $800 million of Bitcoin inflation every month. And it's all paid to miners.
Meanwhile, on ICP, the inflation is a few million dollars a month. So right now, ICP's inflation is relatively a little bit higher than Bitcoin's, maybe by a factor of three or four. So even though Bitcoin technically would have lower relative inflation in terms of the amount, it has $800 million in Bitcoin unlocked via mining every month at the current price, and you can't get access to any of that except by trying to buy some Bitcoin mining company. Meanwhile, on ICP, I'm earning 8.6% APR voting. My token is locked up, which is giving me rewards, and it's giving me a chance to vote on every one of these proposals. That gives it a clear purpose. Right now, if you look, the majority of ICP is locked up, and it's not even dissolving. In the last year, there's $462 million locked. So a little less than half of the ICP supply is all locked up.
I may end up buying more ICP, especially if it goes below two. I'll buy some more there too. It's nice to see members of the family in the house, including members on YouTube, on the ICP channel, and on jerrybanfield.com.
Real digital gold: staking, governance, and burning
So Bitcoin's idea of digital gold really falls apart when you compare it to ICP. You ask, what can I do with Bitcoin? Well, I can hope the price goes up. On ICP, you can stake it and participate in governance, which the bigger ICP gets, the more people will care about. The more people will care about the decisions made on the network. And unlike some who suggest DFINITY just bullies the governance, from what I've seen, DFINITY does a great job of actually listening to the community on things like Mission 70. They let the community vote on it without making the decision themselves.
So with ICP, you can lock it up and earn rewards. But more importantly, you know what else you can do? You can actually pay your web hosting bill. If you go to jerrybanfield.com, you'll notice my blog has 743 posts. So if you'd prefer to read, I have 743 posts. I'm cranking, using Claude Code to take all my videos and all my books and turn them into blog posts. Now, how do I pay this web hosting bill? Well, I buy ICP. I send it to my Claude wallet, so I don't get anything screwed up with my main wallet. It's a different seed phrase, a different identity. And then I burn the ICP to pay my web hosting bill. Do you see? That's real digital gold. Paying my web hosting bill is very useful. And then the node providers get paid to host all the websites. All these blog posts are directly hosted on the blockchain. That's real digital gold, when you can stake it and when you can burn it. And then ICP also has the best launchpad anywhere in crypto.
ICP versus the hype: Hyperliquid
Someone asked what the difference is between ICP and something like HYPE. There's an absolutely massive difference. It's the difference between people understanding what's really happening versus people not even thinking or researching at all and buying on hype. So Hyperliquid right now: if most people looked at Hyperliquid and then scrolled down to find ICP, they'd figure ICP is a rug pull, a ghost chain, nothing's happening, right? Hyperliquid is up in the top 10, a huge deal. That's what people think on the surface. This is why in life you've got to dig deeper.
First, if you look at Hyperliquid right now, this to me is one of the riskiest coins in crypto. Two-thirds of the tokens are actually locked. In 99% of scenarios, this price is going to dump all over everybody holding it, and in 99% of scenarios, people holding this are going to lose a lot of money. And what's worse, what does the token even do? Well, it powers some app that I'm not even allowed to use in the USA. It says it's a decentralized exchange, but it's best known for perpetual futures and spot trading. It says it's a DEX trading platform, but it can't technically deliver that for real, because as far as we know it's not hosted on ICP. Therefore, it's hosted on centralized infrastructure somewhere that can be hacked, or you can't verify what's happening on it.
So Hyperliquid is a perfect example of the reality not matching the marketing and what people think. This is not truly a decentralized exchange in any meaningful way that I can see, because the Hyper Foundation, to me, has full control over this. That's not decentralized. Now, you might not have to KYC currently, but just imagine when the party is going to be over and you do have to KYC. And who are you going to KYC through? It turns out their blockchain can't support doing all of it on the blockchain, can't support hosting a website directly on the blockchain. And again, this is another trust-me-bro setup. This could easily collapse into absolute oblivion like we've seen a lot of these other projects do. HYPE, its ticker, is all hype. It's a trading platform, another exchange that we don't need. Another example of people getting tricked into something based on a dream rather than reality.
Someone asked whether on-chain NFTs will have a bull run in the future. Absolutely, yes, because on-chain NFTs can have real value. You could actually use them in a game. You could give them more utility than all these NFTs that are hosted off-chain that are hard to do anything with. Now, which on-chain NFTs? I don't know. I don't hold any Motoko Ghosts or any ICP NFTs.
Keeping the streams short, and the channel lineup
I'm aiming to keep these live streams at an average of 30 minutes, with a hard stop at 40 minutes, so you can watch them after I'm live and not get overwhelmed. My plan now is to also make going live my only form of content on all six of my channels. For example, you've got this Jerry Banfield channel. If you want to hear me talk about dating during live streams, I've got a dating channel. If you want to see me play video games, I've got a gaming channel. If you want to learn how to do YouTube, I've got a YouTube coach channel. This is my ICP crypto channel. And if you want to hear my thoughts about money without it being specific to crypto, this is my formerly crypto-reviews channel.
Updating canister cycle costs as the ICP price moves
Someone raised a concern about the delay between sudden ICP price changes and updating a canister's cycle cost. What's nice is that ICP, with the network nervous system, can pretty rapidly update, and they have a running average. It looks like they've certainly accounted for that. If you look at the cycle conversion rate, it has a 30-day moving average. So if the ICP price blasted up all of a sudden, one of the nice things you could do is just burn the cycles right when the price shoots up and then let the computation sit there. Right now, I'll burn the minimum cycles necessary for my website, but whenever the price pumps a bit, then I'll burn some extra cycles that I've got sitting there to serve my website.
Why now is the time to accumulate
To me, this is a buying opportunity. Let's look at Hyperliquid: this is not the buying opportunity. This is the absolute worst time it's ever been to buy Hyperliquid. Bitcoin is also one of the absolute worst times to ever buy. The only time that was worse was within the last year. Look at a Bitcoin price chart for all the hype: it's down 40% in the last year. Horrible time to buy Bitcoin. The price could go down a lot more, especially when people find ICP.
Now, ICP, meanwhile, is at all-time lows. ICP is down a little more than Bitcoin this year. But let's ask a question: which technology is solving real problems? ICP is solving real problems. And are there huge things in the works for ICP, as far as I can see? Absolutely.
Censorship resistance and dirty Bitcoin
Let me cover two more things in terms of the Bitcoin dream. There's censorship resistance on Bitcoin. Right now, they've got dirty Bitcoin. If you get your Bitcoin from certain sources, it's considered dirty Bitcoin. Now, that wouldn't matter if you were able to interface directly with the blockchain. But because you have to interface through crypto exchanges, if you get some dirty Bitcoin that you accept payment for and deposit into your crypto exchange wallet, they're not going to give you that money. They're not going to swap that for you, and you're not going to be able to sell it. Does that sound like censorship resistance to you? That's the problem with Bitcoin. That is inevitable.
That dirty Bitcoin will mean that the blockchain can be censored based on where the payments went. And you can't stop that, because you have to have third-party entities that manage the interaction between the user and the Bitcoin blockchain. So Bitcoin can resist censorship of purely one transaction from one account to another. But on ICP, you can build censorship-resistant entire applications. And that's what you need. Because then you could build some truly decentralized exchange where people could swap cash or bank transfers with each other directly for crypto. And you could build all that on the blockchain, and outside of a network nervous system vote to take your application down, which would have to be done publicly, it stays up. Or perhaps there's some kind of tomfoolery that could be done with three nodes, but in most cases there would have to be very clear transparency as to what was happening.
Whereas on Bitcoin, your Bitcoin could get censored by any exchange for any reason at any time. It could even be fraudulent. They could lie to you and say you got dirty Bitcoin and just keep it and then sell it themselves. So Bitcoin sold this dream of censorship resistance, but it can't actually do it, because the blockchain itself can't serve websites. It can't hold meaningful amounts of data. Meaningful to me would be terabytes. The whole Bitcoin blockchain itself is still gigabytes, and that's all the transactions for 15 to 17 years.
Sound money and the future financial system
Because of these properties, Bitcoin cannot be sound money. It can't be any better than the US dollar, because you're trusting all these third parties and you don't even know if they actually have the Bitcoin. If they're not trustworthy, they can sell Bitcoin they don't actually have on the blockchain, which it looks like a lot of crypto exchanges have been doing. That guarantees price suppression. It's just too attractive. If I'm an exchange and I have 1,000 Bitcoin, why not sell 2,000 Bitcoin? This is where Bitcoin's dream falls apart, because you're not actually using it on the blockchain.
But on ICP, we can have a future where you don't even have crypto exchanges anymore. Especially once you get the infrastructure built, like people having their websites on ICP, then ICP is in place to be a truly financial system, a true decentralized financial system. Someone made the point that, as a canister owner, they wouldn't pre-buy too much in anticipation of a spike in ICP valuation, and that if ICP spikes, they'd sell the ICP while waiting for canister cycle costs to update. Yeah, it might make sense to do a little of both.
So I've covered effectively the difference between the dream of Bitcoin and the reality. Bitcoin can never be the future financial system that it actually has been sold to you as. Books like The Bitcoin Standard sold that dream. I watched hours of the author of that, Saifedean Ammous, do a podcast. I used to believe that stuff before I looked into the technical reality of what he was saying. And the technical reality is that none of that dream is possible on Bitcoin without having third parties compromise all the interactions between the blockchain and essentially strip all the value from the blockchain into their infrastructure. This is the same realization I went through when I ended up going all in on the Internet Computer, and it's the same wall any honest Bitcoin maxi eventually hits, which is what I get into in when Michael Saylor discovers ICP is better than Bitcoin.
So I hope I've made this point clear. If I've helped one person see through the Bitcoin narratives into the truth about Bitcoin, then this was worth it. The truth is, Bitcoin was a nice prototype. But Bitcoin being the largest market cap is ridiculous. Bitcoin and the narratives that go with it, like peer-to-peer cash, digital gold, be your own bank, censorship resistance, and sound money, are all ridiculous at this point. The future financial system narrative is the most ridiculous of all.
If you want more Jerry Banfield, the best way is to go to jerrybanfield.com. I just had a Zoom call a little while before this today. You can DM me at any time, and there's a Jerry Banfield AI in there trained on a bunch of my videos and books. I'll soon be having in-person meetups too for members. And you can schedule a call if you just want to talk. As for when the next pump is coming, I don't know. I just know this is the time to accumulate, because when the next pump comes, accumulation time is over.