Crypto Voices

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.

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

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

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

Contents

00:00 Intro

00:25 Brief history of paper money

02:10 Denmark physical currency supply

03:10 Norway physical currency supply

05:58 Sweden physical currency supply

08:58 Rare to find shrinking CBPC

11:40 DKK physical supply in USD

12:50 NOK physical supply in USD

13:42 SEK physical supply in USD

15:08 To find signal in CBDC, watch CBPC

Here I look at the physical currency supplies of Denmark, Norway, and Sweden (both in their native kroner/krona and in USD). When trying to understand where central banks are going with CBDCs, first step back and analyze their CBPC stock!

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 one hundred fiftieth podcast episode from Crypto Voices.

Show support appreciated: donations.cryptovoices.com

Matthew and Alec interview Ben Prentice, co-creator of the wonderful gold-influenced website 'WTF Happened in 1971?' He is also a producer of the What Bitcoin Did podcast with Peter McCormack. He is both a student and teacher of Austrian Economics.

Contents

00:00 Intro

02:15 Monetary economic history and gold

17:00 Triffin dilemma

21:15 A 'Need' to print money?

24:20 Inflation vs. Deflation

30:47 AI and prices

42:10 Long-term prices vs. wages

46:05 Future of the dollar

51:13 Bitcoin, regulation, centralization

Links for more info:

https://twitter.com/mrcoolbp

https://wtfhappenedin1971.com/

https://www.whatbitcoindid.com/

Show Sponsor: hodlhodl.com/join/cryptovoices

Hosts: Matthew Mezinskis, 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 sixty-second video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast, Matthew Mezinskis.

Contents

00:00 Intro

00:38 Review of Fed Balance sheet (Base money)

02:24 BTC market cap vs. Fed Balance sheet

03:29 Power trendline: BTC penetration (95% R-squared)

09:15 Compare prior trendlines to this %

Here we analyze, on a 95% R-squared power trendline, how the Bitcoin market cap compares to the total Fed Balance sheet. This is solely looking at the percentage, the penetration, of Bitcoin versus the Fed Balance sheet over time. We also predict out to 2030, as I like to do!

Power trend coefficients:

y = a * x ^ b

y = y-intercept * x ^ slope

y = 1.01E-16 * x ^ 599%

Prior video that analyzed Fed balance sheet exponential trendlines: https://www.youtube.com/watch?v=bbmSgENk090

Prior video that analyzed BTC market cap power trendlines: https://www.youtube.com/watch?v=sVKzQYtX1PY

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

Contents

00:00 Intro

00:15 The balance sheet of the Federal Reserve

01:45 Disclaimer 1: Monetary base (Total Fed assets)

03:50 Disclaimer 2: Bitcoin is analogous to more than USD base money!

04:58 Recent Fed balance sheet activity

06:15 Bitcoin market cap data

10:05 Question 1: When was the Fed last at $1 trillion?

11:47 Question 2: When was the Fed last at $500 billion?

Here we look at the history of Bitcoin's market cap, and how that compares with the monetary base of the dollar. Note, the dollar is just one (certainly the strongest) fiat network in the world, but there are many other fiat currencies that have their own monetary base and are not connected to the dollar at all! Also, I explain why the monetary base is the best monetary comparison to Bitcoin.

Host: Matthew Mezinskis

https://porkopolis.io

https://twitter.com/crypto_voices

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