Alexander LorenzoCoinPicks, CoinPicks · Founder & Chief Investment Officer CoinPicks Capital 👇🏾This strategy made me 8 million dollars

There is a Financial War Over Who Pays For the Internet

7 Sept 2026 · 1 min

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1:14

In this monologue, the speaker outlines the emerging conflict surrounding AI models like Claude and ChatGPT that scrape website data without permission, leading to lawsuits where website owners seek compensation. The speaker argues that the core issue is that websites want to monetize access to their data. He introduces a proposed solution called "X402," a payment protocol originally coded into the internet in 1991 but dormant until 2025. According to the speaker, X402 enables a toll‑booth system where any AI agent wishing to scrape a site must pay a fee, leveraging cryptocurrency and AI to unlock a new economic layer of the internet.

Chapters

Listen, everybody listen, everybody listen. It's the future of your life. There's a whole bunch of lawsuits on Claude and ChatGPT because what they're doing is they're going and they're scraping all of the data of the internet and the website doesn't want that data to be scraped. So they sue ChatGPT or they sue OpenAI and they probably, they settle and get money or whatever. But really what's happening? The website just wants money. So the future is where you input X402 into your website, whatever website you have, you input X402 and whatever agent wants to go and scrape your data can pay a toll booth fee. That didn't exist before. That didn't exist. Interesting. That actually unlocked in 2025. So X402 is a payment protocol that was coded into the internet in 1991 and remained dormant until 2025. They unlocked it and they're using crypto, but specifically AI and crypto, to access a new dimension of the internet that never before existed.