PE64: Ordinals, et al... Bitcoin still BASE MONEY
Episode description
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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://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.