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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.
CV110: Larry White - 50 years after Bretton Woods collapse
CV109: Uri - Early Bitcoin stories
CV108: Big Brother (and everyone else) is listening - Some ways to deal
CV107: Charles Finfrock - Bitcoin as a Force for Good
CV106: Alec & Matthew - Smart Stuff, Inflation, Forensics & Privacy
CV105: Todd Weaver - Purism & the Principle
CV104: Rodolfo Novak - Coldcard, Seed XOR & Bitcoin Treasuries
CV103: New Hosts, New Topics
CV102: Edan Yago - Sovryn
CV101: Mikk Maal - Welcome to Estonia
4-yr Anniversary Episode with Fernando Ulrich
Rodolfo Andragnes: LaBITconf 2020 to the Moon
Paul Sztorc: Drivechain & Bitcoin Hivemind (and much more)
Juan Galt: Bitcoins and libertarians
Jesse Berger: Magic Internet Money (A Book About Bitcoin)
Monetary Base Compendium (2020 Q2)
Andrey Dashkov: Situation in Belarus
Misir Mahmudov: This Book Will Save You Time
Monetary & Political update, Crypto Voices show update
Daniel Lacalle: Central banks are saving us?
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