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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.
PE25: Decoding M2 - Money supply USA (V)
PE24: Decoding M2 (Non-M1) - Money supply USA (IV)
CV145: Thomas Pacchia - PubKey Orange Pill
PE23: Decoding M1 - Money supply USA (III)
PE22: Decoding demand deposits - Money supply USA (II)
PE21: Decoding physical cash - M0 USA (I)
PE20: Dollar-Swissy: 60-year history
PE19: Gold, silver, and bitcoin by market cap
CV144: National debt history - USA
PE18: Evolution of the bitcoin power trendline
PE17: Power trend percentiles on bitcoin price
CV143: Mark Yusko - Great stories
PE16: Silver more valuable than gold? (IV)
PE15: Gold-silver ratios explained: Price vs. Mining (III)
PE14: How much gold is there? (II)
PE13: Silver to the moon? Gold-silver ratio (I)
PE12: Exponential trend percentiles on silver price
PE11: Exponential trend percentiles on gold price
PE10: Power trendline on bitcoin price (VIII)
PE9: Power trendline on gold price (VII)
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