Crypto Voices

By Matthew MezinskisSociety & Culture

Crypto Voices episodes

March 20, 2023 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.
28 min
March 17, 2023 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
5 min
March 15, 2023 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
3 min
March 13, 2023 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.
29 min
March 10, 2023 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.
27 min
March 09, 2023 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.
22 min
March 08, 2023 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.
23 min
March 07, 2023 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.
16 min
March 06, 2023 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.
11 min
March 03, 2023 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.
11 min