Crypto Voices

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the seventy-third video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 00:45 Bedlam in Tampere 01:48 More Latvian fans 03:52 GDP vs. US 06:20 GDP vs. RU 08:47 Latvia WINS Here I review the recent, amazing, first-ever bronze medal for Latvia in the World Hockey Championships, beating the UNITED STATES in Tampere, Finland yesterday. Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the seventy-second video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 00:18 Fees in USD landscape 02:22 TTM issuance % in USD terms 04:03 TTM issuance % in BTC terms 05:25 TTM will tell you if trend is changing Here I review the fee spikes on the Bitcoin network over the last month, but most importantly analyzing the long-term trend of these fees by looking at issuance vs. fees on a trailing 12-month basis. Prior videos with further info: https://youtu.be/QC-MqgiLFvk https://youtu.be/kFvIRWxrjh0 Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the seventy-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 00:21 Peter's bearish stance 01:28 Gold on left, Bitcoin on right 02:20 2011 comments 02:39 2013 comments 03:40 2014 comments 04:39 2015 comments 05:23 2016 comments 06:09 2017 comments 08:46 2018 comments 09:42 2019 comments 10:15 2020 comments 10:53 2021 comments 12:31 2022 comments 13:03 2023 comments 14:39 Gold & Bitcoin trendlines 16:09 Trend growth rates Here I review gold investor Peter Schiff's thirteen-year bearish comments on Bitcoin the monetary system and the price of bitcoins. His consistency is quite remarkable, in light of continuous Bitcoin dominance over gold. I close it with analyzing the 83% R-squared exponential trendline for gold's price, and comparing that with the 95% R-squared power trendline for the price of bitcoins. Gold's trend only grows at 9% per year (doubles every 8 years), Bitcoin's at 125% (doubles every 0.8 years). Prior videos with further info: Gold original exponential explainer: https://www.youtube.com/watch?v=oFRkS2_ylec Bitcoin original power explainer: https://www.youtube.com/watch?v=FU2P_jJwVZ0 Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the seventieth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 00:32 Starting at bottom of bear 01:39 Exponential trends straight lines on log 02:40 2005 trendline 04:37 2012 trendline 06:07 2015 trendlines until today 10:15 Looking out to 2030 12:22 Above or below trend more often? Here I talk about the exponential regression trendlines over gold's price from 1999. As gold is base money, like bitcoins, this video can be used to compare and contrast the supply and demand (price) trends for bitcoins we did in the last few videos. A key difference is that gold (and most markets) follow exponential trendlines, whereas the price of bitcoins follow a power trendline. All-time trend coefficients to draw it yourself: Power formula: y = a * EXP (b * x) Coefficients found: y = 3.12E+02 * EXP (0.0237% * x) Prior videos with further info: Gold original exponential explainer: https://www.youtube.com/watch?v=oFRkS2_ylec Gold with percentiles: https://www.youtube.com/watch?v=LTkkPpCfxWA Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixty-ninth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 01:01 First times breaking above & below 03:06 Into and out of crypto winter 06:21 Nov-2018 puke below 07:51 Trends around 2021 double top 12:55 Closing answers!! Here I talk about the power regression trendlines over Bitcoin's price. From Bitcoin Pizza day in 2010, to the present. Three questions I answer in this video: 1) How many times has Bitcoin's price pierced its trendline? 2) What % of the time overall is this movement? 3) Does Bitcoin's price stay above its trendline more or less than under? All-time trend coefficients to draw it yourself: Power formula: y = a * x ^ b Coefficients found: y = 7.70E-18 * x ^ 587% Prior videos with further info: Yesterday's power regression: https://www.youtube.com/watch?v=yUTigJRqwA0 Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixty-eighth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 00:58 Power trendline all-time 02:05 Working backwards in time 04:17 Dec-2030 trend predictions 07:32 The trends do NOT always fall 09:26 Signal not noise Here I talk about the power regression trendlines over Bitcoin's price. From only looking at 2010, to the all-time trendline. We've looked at this before. Important to note that Bitcoin's all-time trend sometimes move up, and sometimes moves down. Follow the signal, not the noise! All-time trend coefficients to draw it yourself: Power formula: y = a * x ^ b Coefficients found: y = 7.70E-18 * x ^ 587% Prior videos with further info: Original power regression: https://www.youtube.com/watch?v=FU2P_jJwVZ0 Evolution if power trends: https://www.youtube.com/watch?v=H8Up3Xvmv_4 Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixty-seventh 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 Base money in banks 01:52 Demand deposits 03:45 Reserve ratio 04:15 Reserve ratio rising 06:36 Reserve ratio falling 08:55 Central bank sells gold 11:15 What makes Canada different? 12:30 Is fractional reserve banking the problem? Here I talk about the reserve ratio of the Canadian banking system from the late '60s, until today. This is the ratio of base money in banks, relative to outstanding demand deposits - systemwide. The most important question I ask and answer in this video is: Is fractional reserve banking (and low reserve ratios) the source of recessions? Prior videos with further info: Brown's Bottom: https://www.youtube.com/watch?v=LTkkPpCfxWA USA Demand Deposits: https://www.youtube.com/watch?v=hF08eIt2AaY Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the sixty-sixth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis. Contents 00:00 Intro 00:40 Physical currency (banknotes) 01:12 Money printing during Covid 01:51 CBDC? Don't forget CBPC! 03:30 Canada's free banking system 06:33 Canada's Great Depression 08:55 Benefits of branch banking 12:07 Physical currency (banknotes) 14:22 Bank reserves (settlement balances) 19:45 Compound annual growth rates Here I talk about the wonderful free banking history of Canada. I also bring it into the present by looking at the growth of the monetary base, or Canada's base money, over the last 90 years, since the Bank of Canada was founded. How does it affect price inflation? Prior videos with further info: USA monetary base: https://www.youtube.com/watch?v=OPpTrgPNTz4 Scandic paper currency stocks: https://www.youtube.com/watch?v=fe3WaE8o0rY Host: Matthew Mezinskis https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

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

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.