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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.
Recap #2: Bitcoins are Base money, not Bank money
Recap #1: Market money vs. Monopoly money
CV147: Alex Gladstein - CBDC Tracker
PE41: MORE on the best Bitcoin valuation model
PE40: PSR - The best Bitcoin value model you've never heard of
PE39: What will the Bitcoin network be worth in 2030, based on trend?
PE38: How many bitcoins will be mined by 2030?
PE37: Is Bitcoin mining a billion dollar industry?
PE36: New bitcoins vs. fees - Which pays miners more?
PE35: How much Bitcoin is produced per year?
PE34: How much do Bitcoin miners earn per year in fees?
CV146: Ukraine, total money supply, phone privacy
PE33: Are credit cards part of the money supply? (XIII)
PE32: Decoding Money - Total money supply USA (XII)
PE31: Decoding Base Money - Gold in USA (XI)
PE30: Decoding Base Money - USA (X)
PE29: Decoding M3 - Money supply USA (IX)
PE28: Decoding M3 - Eurodollars (VIII)
PE27: Decoding M3 - Repurchase agreements USA (VII)
PE26: Decoding M3 - Institutional money supply USA (VI)
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