PE64: Ordinals, et al... Bitcoin still BASE MONEY

<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-fourth 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>00:35 Daily average transaction fees (in dollars)</p> <p>01:23 Brief history of the chart</p> <p>06:44 Taproot brought other use cases to BTC network</p> <p>07:51 Doesn&#39;t change the fact: BTC is BASE MONEY</p> <p>13:30 Layered protocols / Off-chain scaling is different</p> <p>15:26 Conclusion on base money</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>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>