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This is the sixty-fourth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis.
Contents
00:00 Intro
00:35 Daily average transaction fees (in dollars)
01:23 Brief history of the chart
06:44 Taproot brought other use cases to BTC network
07:51 Doesn't change the fact: BTC is BASE MONEY
13:30 Layered protocols / Off-chain scaling is different
15:26 Conclusion on base money
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!
Host: Matthew Mezinskis
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
PE11: Exponential trend percentiles on gold price
PE10: Power trendline on bitcoin price (VIII)
PE9: Power trendline on gold price (VII)
PE8: Exponential trendline on bitcoin price (VI)
PE7: Exponential trendline on gold price (V)
PE6: Logarithmic trendline on bitcoin price (IV)
PE5: Logarithmic trendline on gold price (III)
PE4: Linear trendline on bitcoin price (II)
PE3: Linear trendline on gold price (I)
PE2: How fast do dollars grow? (II)
PE1: How many dollars are there? (I)
CV142: Paul Sztorc - Layer 2 Labs
CV141: George Selgin - Repos, reserves, cash, and CBDCs
CV140: Jason Stone - Celsius, FTX
CV139: Itai Galmor - BrandShield
CV138: Stephan Kinsella - On Ukraine, and liberalism
CV137: Michael Jones - Cryptoeconomics Lab
CV136: Zoe Weinberg - ex/ante Tech & Human rights
CV135: Artur Schaback & Mikk Maal - Clip Finance
CV134: Mateusz Machaj - Ukraine & international law
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