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

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 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.

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