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This is the sixty-fifth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis.
Contents
00:00 Intro
00:53 Latest daily average Tx fees (in dollars)
02:00 Non-base money use cases?
02:33 Use trailing twelve months!
07:40 TTM issuance % (in USD)
14:35 Other base money fees
19:13 BTC's fee % component will be more
20:10 TTM issuance % (in BTC)
Here I look at the average daily transaction fees, in US-dollar terms, for the Bitcoin protocol over its lifetime. Even with the explosion of Ordinals onto the scene these days and the demand for transaction-inclusion (block space) increasing, it does not change the fact that on-chain, mainnet bitcoins - UTXOs - are base money!
In addition, we will roll these transaction fees, over an entire year (trailing 12-months or trailing-365 days), and see how much of a % these fees make up of total miner revenue. Remember, the other (much larger, at present) component of mining revenue is the block reward, or the issuance of new coins.
Host: Matthew Mezinskis
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
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Robert Wiecko: DASH Core Team Project Manager
Rodolfo Novak: Opendime & Bitcoin Scaling
Jeffrey Tucker: Theory, Practice & Optimism on Bitcoin
Helio Beltrão: Monetary & Investment Theory of Bitcoin
Governance in Blockchain Technologies & Social Contract Theories (II)
Erik Voorhees: Bitcoin Business & Adoption
Governance in Blockchain Technologies & Social Contract Theories (I)
George Selgin: Money, Banking & Bitcoin
Bitcoin Cash & Understanding True Cost per Transaction
Segwit Pending Activation & SEC On ICOs
Brazilian Testimonies, Bond & Crypto Yields
Bitcoin Scaling Overview (III)
Bitcoin Scaling Overview (II)
Bitcoin Block Size Political Economy
Bitcoin Scaling Overview (I)
Apple vs. Dash: The Importance of Privacy
The History of the DAO and Lessons Learned
ICOs and Crypto Investments...To the Moon???
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