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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.
PE64: Ordinals, et al... Bitcoin still BASE MONEY
PE63: Are the Scandics really cashless?
CV150: Ben Prentice - Economics in one lesson
PE62: Bitcoin vs. the FED (II)
PE61: Bill Clinton and Bitcoin (I)
PE60: Reagan, Clinton, and debt: Who was better? (III)
PE59: USA Public debt - WWI to Vietnam (II)
PE58: USA Public debt in the 1800s (I)
PE57: Those sweet POWER trendlines on bitcoin price
PE56: Austrian Business Cycle Theory & Practice (XI)
PE55: Floored interest rate policy (X)
PE54: Where was the hyperinflation in 2008? (IX)
PE53: What was the Greenspan-Bernanke Put? (VIII)
PE52: Walter Bagehot and central banking (VII)
CV149: Lewis Cohen - Ineluctable Modality of Securities Law
PE51: The Fed, the Discount rate, and the Great Depression (VI)
PE50: How much money does the US Treasury have? (V)
PE49: What is a 'Reverse Repo?' (IV)
PE48: What does 'Printing Money' really look like? (III)
PE47: How fast does the money printer go brrr... really? (II)
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