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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.
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)
CV148: Yaël Ossowski - Fix the Money
PE46: Fed printing... how much money? 108 year history... (I)
PE45: What happens when bond yields go UP?
PE44: Why are banks failing?
PE43: How likely is Balaji's Bitcoin bet, really?
PE42: How much GOLD can Bitcoin buy?
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