Crypto Voices
Crypto Voices
Matthew Mezinskis
PE64: Ordinals, et al... Bitcoin still BASE MONEY
16 minutes Posted May 9, 2023 at 2:30 pm.
Intro
Daily average transaction fees (in dollars)
Brief history of the chart
Taproot brought other use cases to BTC network
Doesn't change the fact: BTC is BASE MONEY
Layered protocols / Off-chain scaling is different
Conclusion on base money
0:00
16:45
Download MP3
Show notes
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
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
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.