Cloudflare CEO Matthew Prince sits down with CoinDesk's Jennifer Sanasie to explain why the internet as we know it is about to be rewritten. Prince reveals that AI agent traffic has already overtaken human traffic online, more than a year ahead of his own forecast, and he predicts it will be 1,000 times larger within five years. He breaks down why agents don't click on ads, why Cloudflare needs a payments system that can handle more than 100 times Visa's volume, and why today's blockchains are "three orders of magnitude" too slow to power it. He also explains why AI agents could actually bring privacy back to the internet. - This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com. - Digital markets move fast. Move forward with clarity from S&P Global Ratings’ risk analysis spanning stablecoins, tokenized funds, digital bonds, DeFi protocols, and more. Explore digital asset solutions with S&P Global Ratings at https://www.spglobal.com/ratings/en/products/solutions/digital-assets?utm_campaign=Global-DA-Vaults&utm_source=digital-ads&utm_medium=link&utm_content=CoinDesk1 - Timecodes: 00:00 - Cloudflare's Matthew Prince Joins CoinDesk Spotlight 01:48 - Why Agents Don't Click on Ads 03:02 - Bot Traffic Passed Human Traffic Way Ahead of Schedule 04:14 - From COVID to ChatGPT, and Why the Web Is Growing Again 06:43 - What Happens When the Users Are All Machines? 08:24 - The Internet's Tragedy of the Commons 10:47 - Building a Payments Network Bigger Than Visa 11:36 - Will AI Agents Only Read the Cheapest Information? 12:54 - The $1,200 AI Budget and the Developing World 15:07 - Is AI Heading for a Black Mirror Future? 16:46 - Can Small Businesses Survive an Agentic Internet? 20:00 - Decentralization Alone Can't Save the Internet 22:45 - The World Is “Overly Paranoid” About AI 24:37 - Why Cybersecurity Gets Scarier Before It Gets Better 26:19 - Sci-Fi, Star Trek, and the Helpful Robot 28:18 - Will AI Agents Pay in Stablecoins? 30:24 - Why Cloudflare Won't Pick Crypto Winners 32:09 - How Agents Could Bring Privacy Back 35:04 - From an Attention Economy to a Knowledge Economy - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj