Crypto Voices

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Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the thirty-fifth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

02:00 Terminology: Block reward and issuance

07:08 Note: Gross not net! This is revenue before expenses

08:13 Nature of this chart: Trailing 12-month run rate

17:03 Block reward and issuance in USD terms

24:40 Power regression on USD issuance rate (93% R-squared)

30:27 1-sigma percentile bands

32:30 2-sigma percentile bands

Dissecting the total issuance (block reward) paid to miners on the Bitcoin network over a rolling 365-day basis.

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 thirty-fourth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:45 TTM fees in BTC terms

10:30 TTM fees in USD terms

17:00 Power regression on USD TTM fees (90% R-squared)

23:00 1-sigma percentile bands

24:11 2-sigma percentile bands

Dissecting the total fees paid to miners on the Bitcoin network over a rolling 365-day basis.

Apologies for the audio this video... had to use backup mic!!

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 one hundred forty-sixth podcast episode from Crypto Voices.

Show support appreciated: donations.cryptovoices.com

Matthew and Alec review the Western stance toward Ukraine one year after Russia's invasion, the total US money supply, and phone number privacy.

Contents

00:00 Intro-UFOs

05:25 Ukraine

38:18 Total money supply USA

01:03:50 Privacy update

Links for more info: 

https://chalice-perky470.medium.com/its-not-me-it-s-you-4348abbbcd10

Contact Alec at HALO for help: [email protected]

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.

Check out show sponsor Coinkite: https://coinkite.com/

Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/

This is the thirty-third installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

01:47 M0

02:48 M1 non-M0

03:33 M2 non-M1

03:44 M3 non-M2

07:37 Assets vs. Liabilities of CCs

11:40 Batching

13:18 CC purchase volume in 2022 = $9.56 trillion

14:40 Revolving credit USA

17:08 Credit card debt vs. Demand deposits

24:00 HALO Privacy

Bonus video on the US money supply! Which "M curve" do credit card purchases and debt fit into? The answer is... none! Credit cards are an entirely different type of economic activity than bank money, and state money, which we studied in the previous twelve videos in our money supply series.

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 thirty-second installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

01:33 Bank reserves

02:35 Fed repos

03:55 Vault cash

05:55 M0

08:30 M1 non-M2 (Demand deposits)

10:20 M2 non-M1

11:55 M3 non-M2

14:50 State money % of Total money

15:05 Total money supply

22:40 Hybrid market vs. Free market

30:10 How does Bitcoin fit in with all of this??

34:02 How big could Eurodollars be in M3?

Here is our final video in this money supply intro series and look into the nature of the United States dollar. We are putting together central bank money, or base money - also known as state money - with all of the bank and shadow bank money supplies in the US (M1, M2, M3, or inside money). Can we learn anything about where Bitcoin might economically compare and fit in with these money supplies?

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 thirty-first installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

03:10 Monetary base

07:50 Gold on Fed's balance sheet (Market value)

16:30 Gold on Fed's balance sheet (Native ounces)

24:20 Gold 'reserved' at market price

33:36 Gold 'reserved' at statutory price

37:13 Central banking, free banking, gold, no gold

Here is our second video covering outside money in the United States, also known as central bank money, or reserve money, or base money, or the monetary base. In this one we are comparing base money (a liability for the Fed), with it's historical gold reserves (an asset for the Fed). How important is the idea of a gold 'reserve?'

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 thirtieth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

02:05 Inside versus Outside money

07:50 M0 is a part of both Inside and Outside money

09:20 Be cautious: M0 as defined by different central banks!

10:30 Vault cash

11:28 Bank reserves

17:30 Physical cash % of Base money

22:55 Monetary base (as officially defined)

23:30 Fed repos (Shadow bank reverse repos)

31:00 Gold vs. Fiat base money vs. Bitcoin

Here is our first video covering outside money in the United States, also known as central bank money, or reserve money, or base money, or the monetary base. M0 is included in base money, as well as the M1 money supply (which we have already covered)! Now that we have covered the inside money (fiduciary media) in the United States, we can deeper look into central bank money, or base money, and how this type of money is the core of the financial and monetary system. It economically compares with gold, silver, and bitcoin.

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 twenty-ninth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

01:13 M0

03:04 M1

04:50 M2

06:40 M3 (Fed discontinued)

09:30 M3

19:03 M0 % of M3

21:52 M1% of M3

25:40 M2% of M3

30:27 Next up is base money

Here we have concluded the entire breakdown (and reconstruction) of the entire United States *public-facing* money supply, from M0, to M1, to M2, and now M3.

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 twenty-eighth installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:58 Money supply "stack"

02:38 What is a Eurodollar?

05:50 How did the Federal Reserve count Eurodollars?

08:35 Eurodollars (Fed discontinued)

10:56 Eurodollars (Porkopolis)

20:30 Argentina's stack of Eurodollars

24:30 Measuring Eurodollars: Much work to do!

26:10 Stablecoins

29:03 M3 non-M2 Total

Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. Specifically in this video, we are covering Eurodollars. This is the last video looking at the non-M2 portion of M3 money. It is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006.

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 twenty-seventh installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.

Contents

00:00 Intro

00:48 Money supply "stack"

02:47 Federal Reserve presser on M3 discontinuation

05:05 Repo market summary

05:28 Why repos: #1 Shadow banking

08:57 Why repos: #2 Liquidity

10:41 Why repos: #3 Leverage

12:30 M3 non-M2 Total (Fed discontinued)

12:39 Large time deposits & Institutional money market funds

13:40 Repos (Banks)

16:30 Repos (Shadow banks)

19:25 Former Fed economist explains repos and M3

24:10 Repos (Fed)

28:58 Fed knows it's a monopoly actor

31:45 Adding up all M3 money supplies found so far

Here we look at the next level up for the United States money supply: the M3 money stock. Note that M2 is included in the M3 money supply; however, in this video we cover only the non-M2 monetary components. Specifically in this video, we are covering repurchase agreements. These next few videos will review how it is a challenge to reconstruct this data, since the Fed stopped publishing this money supply in February 2006.

https://porkopolis.io

https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.