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Crypto Voices

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Mar 20, 2023 • 27min

PE42: How much GOLD can Bitcoin buy?

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the forty-second video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:56 Bitcoin on log scale, in terms of gold 02:27 Tops and bottoms in USD, what does it mean for BTC.AU? 18:15 Bitcoin priced in gold power trendline (95% R-squared) 18:57 1-sigma percentile moves 20:42 2-sigma percentile moves 24:47 Projecting out to 2030 Here we compare the price per bitcoin in terms of gold; that is, how many gold ounces can we exchange for 1 bitcoin at any point in time? We also layer in its best-fitting trendline, a power regression, as well as 1- and 2-sigma percentile bands to better understand where we are now versus historical levels. Coefficients: y = a * x ^ b y = y-intercept * x ^ slope y = 8.14E-21 * x ^ 582% https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Mar 17, 2023 • 4min

Recap #2: Bitcoins are Base money, not Bank money

This clip is a recap from #32 Decoding Money: Total money supply USA. Why do bitcoins economically compare to base money, and not bank money? Full ep here: https://www.youtube.com/watch?v=zghGPfY3J8I&t=2007s
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Mar 15, 2023 • 2min

Recap #1: Market money vs. Monopoly money

This clip is a recap from #32 Decoding Money: Total money supply USA. Pinpointing the difference between market money and state money as a basis for monetary philosophy! Full ep here: https://www.youtube.com/watch?v=zghGPfY3J8I&t=2007s
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Mar 13, 2023 • 29min

CV147: Alex Gladstein - CBDC Tracker

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the one hundred forty-seventh podcast episode from Crypto Voices. Show support appreciated: donations.cryptovoices.com Matthew interviews Alex Gladstein from the Human Rights Foundation on recent banking turmoil, CBDCs, and HRF's new CBDC tracker fellowship he will be working on, together with Janine from This Month in Bitcoin Privacy, and Nick Anthony from the Cato Institute. Contents 00:00 Intro 02:25 Silvergate and SVB 13:33 CBDCs and the HRF Tracker Links for more info:  https://hrf.org/cbdctracker/ Show Sponsor: hodlhodl.com/join/cryptovoices Hosts: Matthew Mežinskis, Michel, Alec Harris Music: New Friend Music newfriendmusic.com/ Podcast & videos Bitcoin, privacy, cryptoeconomics & liberty Thanks for watching! https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Mar 10, 2023 • 26min

PE41: MORE on the best Bitcoin valuation model

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the forty-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 04:50 Remember PSR is gross ratio (before expenses) 05:20 PSR doesn't compare across industries 08:07 PSR all-time average 10:30 PSR power regression trendline (60% R-squared) 13:30 1-sigma percentile moves 14:12 2-sigma percentile moves 19:40 Log scale on right axis We go deeper into the Bitcoin network's Price-to-sales ratio, what it looks like historically, as well as the evolution of its own power trendline with percentile bands. Coefficients: y = a * x ^ b y = y-intercept * x ^ slope y = 4.74E-05 * x ^ 163% https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Mar 9, 2023 • 21min

PE40: PSR - The best Bitcoin value model you've never heard of

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the fortieth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:28 Origins of metric 01:54 Numerator: Market cap ($) 03:42 Denominator: Trailing-12 month miner network revenue ($) 05:55 Ratio recap and importance 09:10 "Price-to-sales" (PSR) ratio for Bitcoin 10:30 PSR: All-time low 16:20 PSR: All-time high 19:37 Basic interpretation of low and high PSR Here we compare the Bitcoin network supply in USD-terms (otherwise known as the market cap) with the miner trailing-12 month revenue (block reward + fees) across the entire network. This gives us a gross "Price-to-sales" ratio; in other words, how many multiples the network is worth versus network-wide revenues, at any given time. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Mar 8, 2023 • 23min

PE39: What will the Bitcoin network be worth in 2030, based on trend?

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-ninth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:31 Bitcoin supply in BTC-terms 02:07 Bitcoin supply in USD-terms (market cap) 02:41 Four basic regression trendlines 03:09 Bitcoin market cap power trendline (96% R-squared) 05:13 Log scale 06:30 1-sigma percentile moves 07:05 2-sigma percentile moves 19:36 Predictive trendlines Here we compare the Bitcoin network supply in native bitcoins with the Bitcoin network supply in US-dollars. We also layer in its best-fitting trendline, a power regression, as well as 1- and 2-sigma percentile bands to better understand where we are now versus historical levels. Coefficients: y = a * x ^ b y = y-intercept * x ^ slope y = 4.39E-22 * x ^ 657% https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Mar 7, 2023 • 16min

PE38: How many bitcoins will be mined by 2030?

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-eighth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:37 Block epochs ("halvings") 05:50 Projected supply until 2030 08:11 Genesis block (and client release) 11:14 How does this compare with gold and resources? 15:12 Market cap (supply in dollar-terms) Dissecting the total Bitcoin supply curve since 3 January 2009, all the out until 31 December 2030. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Mar 6, 2023 • 11min

PE37: Is Bitcoin mining a billion dollar industry?

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-seventh installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:42 Trailing-12 month revenue: Fees 01:02 Trailing-12 month revenue: Issuance 01:33 Issuance component % of total revenue 07:48 How does this compare to more established industries? Dissecting the total issuance (block reward), PLUS network fees, paid to miners on the Bitcoin network over a rolling 365-day basis; in other words, total mining revenue (annualized). Similar to my last video, but now this is in USD (US-dollar) terms! https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.
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Mar 3, 2023 • 10min

PE36: New bitcoins vs. fees - Which pays miners more?

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-sixth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 00:54 Trailing-12 month revenue: Issuance 05:13 Trailing-12 month revenue: Fees 07:55 How long until the breakdown % crosses? Dissecting the total issuance (block reward), PLUS network fees, paid to miners on the Bitcoin network over a rolling 365-day basis; in other words, total mining revenue (annualized). https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

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