PE65: Ordinals & FEES: Macro Bitcoin Perspective

<p>Check out show sponsor Coinkite: https://coinkite.com/</p> <p>Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/</p> <p><br></p> <p>This is the sixty-fifth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis.</p> <p><br></p> <p>Contents</p> <p>00:00 Intro</p> <p>00:53 Latest daily average Tx fees (in dollars)</p> <p>02:00 Non-base money use cases?</p> <p>02:33 Use trailing twelve months!</p> <p>07:40 TTM issuance % (in USD)</p> <p>14:35 Other base money fees</p> <p>19:13 BTC&#39;s fee % component will be more</p> <p>20:10 TTM issuance % (in BTC)</p> <p><br></p> <p>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!</p> <p><br></p> <p>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.</p> <p><br></p> <p>Prior videos with further info:</p> <p>TTM fees: https://www.youtube.com/watch?v=a06LVI-BrSU</p> <p>TTM issuance: https://www.youtube.com/watch?v=nXQIi3JWrcc</p> <p>Total TTM revenue (BTC): https://www.youtube.com/watch?v=IOmdRTWO6fo</p> <p>Total TTM revenue (USD): https://www.youtube.com/watch?v=E_FZSRGPb3w</p> <p><br></p> <p>Host: Matthew Mezinskis</p> <p>https://porkopolis.io</p> <p>https://twitter.com/crypto_voices</p> <p><br></p> <p>Show content is not investment or financial advice in any way.</p>