PE55: Floored interest rate policy (X)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the fifty-fifth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:55 From discount rate to Discount window
05:25 2006 regulation allowing 'Interest on reserves'
07:38 IORR and IOER are dotted lines
09:35 How and why a 'corridor system?'
11:34 Floored!
19:40 It's definitely possible to lend any and all reserves...
20:18 ...Unless you have an IOR (floor) system
21:55 Not just Bernanke; Yellen & Powell too
Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rates.
The Fed has claimed they operate a 'Corridor system.' In reality, the system has been flooring interest rates since 2008, and I explain why in this video.
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
16
views
PE54: Where was the hyperinflation in 2008? (IX)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the fifty-fourth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
02:00 Exploding reserves (and balance sheet)
03:20 What happens when supply outstrips demand...
04:35 "Tool 1:" Interest on required reserves
09:09 "Tool 2:" Interest on excess reserves
14:12 Zero interest rate policy years
15:00 Trying to "normalize"...
Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rate in the 1980s until and just after the Global Financial Crisis, which at this time morphed from being the Discount Rate, to the Fed Funds Rate.
Many were confused why such extraordinary money printing by the US central bank did not result in hyperinflation... the answer was a new policy tool of the Federal Reserve: Interest on bank reserves.
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
16
views
PE53: What was the Greenspan-Bernanke Put? (VIII)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the fifty-third video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
01:45 Review of all-time high rates
03:03 Once the hard work was done...
05:34 Fed begins new 'Target rate'
10:42 Greenspan put
12:16 The birth of the housing bubble
14:40 Cracks in the system
16:50 Banks expect (demand!) lower base money rates
23:20 Fed funds now has lower and upper bound
Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rate in the 1980s until the Global Financial Crisis, which at this time morphed from being the Discount Rate, to the Fed Funds Rate.
If we look closely at the troubles of the GFC, we can actually see that the banks expect the Federal Reserve to cater to them, bail them out, and provide lower rates, as they are borrowing and lending around 100 bps below what the Fed was targeting for many weeks from September through December 2008. The Federal Reserve, eventually, indeed complied with this demand.
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
18
views
PE52: Walter Bagehot and central banking (VII)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the fifty-second video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:30 Walter Bagehot
03:20 Bagehot's theory on the lender of last resort
04:56 Great depression (with Bank reserves)
08:14 Fed funds effective rate
10:59 Discount rate is 'penalty' in 50s & 60s
12:35 Discount rate since late 60s not 'penalty'
Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rate in the 1910s and 1920s, which is called the 'Discount rate.' In the early days, this was the rate of interest that banks could get for borrowing directly from the Federal Reserve (and not just in emergency situations, as is the case today), called the 'Discount window.'
Walter Bagehot in Lombard Street is quoted very often by central banks, as having defined the original theory of the 'Lender of last resort.' As we see, for most of the Federal Reserve's history, they do not follow his advice.
Link to great ep with economist George Selgin on Bagehot, and money: https://open.spotify.com/episode/6AeODcjMg6AojFE7s3W5UQ
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
20
views
CV149: Lewis Cohen - Ineluctable Modality of Securities Law
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-ninth podcast episode from Crypto Voices.
Show support appreciated: donations.cryptovoices.com
Matthew and Alec interview Lewis Cohen from DLx Law about Bitcoin, crypto, and securities law. He recently co-authored an important paper about the topic for regulators.
Contents
00:00 Intro
01:50 Is Bitcoin a security?
02:25 Trends of the SEC
23:02 Narrow bank
31:37 US vs. Abroad
34:06 What is a security?
45:57 Bitcoin, crypto, and regulations
50:12 The ineluctable modality of securities law
Links for more info:
https://twitter.com/NYcryptolawyer
https://dlxlaw.com/who-we-are
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4282385
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.
10
views
PE51: The Fed, the Discount rate, and the Great Depression (VI)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the fifty-first video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
01:00 What does the central bank do?
01:40 How do Fed interest rates compare with history?
03:13 Is the interest rate the price of money?
05:47 Centralized control of interest rates
06:30 Roaring 20s and Great Depression
06:45 Why the 'Discount rate?'
09:12 What does the 'Discount rate' mean in Fed-speak?
09:59 'Discount window' was Fed lending directly until 1930s
11:55 Discount rate during Roaring 20s
13:36 Wisdom from Oskar Morgenstern on prices
15:10 Irving Fisher on Stable Money League
16:25 Discount rate into Depression of 1920-21
18:25 Discount rate lowers into Roaring 20s
20:50 Interest rates at near-historical highs into Great Depression
Here we look at the Federal Reserve's weekly balance sheet versus its base policy interest rate in the 1910s and 1920s, which is called the 'Discount rate.' In the early days, this was the rate of interest that banks could get for borrowing directly from the Federal Reserve (and not just in emergency situations, as is the case today), called the 'Discount window.' Many banks directly borrowed from the Federal Reserve in the 1910s and 1920s.
We also answer some basic questions like:
- What is the price of money?
- What is the price of credit?
- What is the etymology of 'Discount rate?'
- How did the Federal Reserve manipulate interest rates in the early days?
- Have stocks reached a permanently high plateau?
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
53
views
PE50: How much money does the US Treasury have? (V)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the fiftieth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:58 Weekly balance sheet update
03:30 To be clear: Base money is Notes + Bank reserves
05:50 Treasury general account (an 'other' Fed deposit)
10:50 TGA during covid pandemic
14:10 Treasury doesn't influence monetary policy... right?
22:04 Brief review of (non-bank) Reverse repo facility
25:20 Final review of the Fed's four main liabilities
Here we look at the 108 year, 5,655 week history of the Federal Reserve and its balance sheet. In this one we are looking specifically at the 'Treasury General Account;' that is, how much money does the US Treasury actually have in its bank account!
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
22
views
PE49: What is a 'Reverse Repo?' (IV)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the forty-ninth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
01:50 Monetary base review
02:20 Notes % of balance sheet
07:44 Liability three: Reverse repo facility
08:56 Reverse repo % of balance sheet
09:10 History of Fed publication data
11:33 What are reverse repos?
11:55 Review of notes and reserves vs. Total assets
13:35 Reverse repo % of balance sheet (again)
16:32 Difference between 'repo' and 'reverse repo'
22:16 We need to dig deeper into banking history & legislation!
Here we look at the 108 year, 5,654 week history of the Federal Reserve and its balance sheet. In this one we are looking specifically at the 'reverse repo' facility for non-banks, and how it has grown over the last 20 years.
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
33
views
PE48: What does 'Printing Money' really look like? (III)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the forty-eighth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
01:15 What is the printing press?
03:03 Liability one: Notes
07:15 Liability two: Reserves
11:39 How big is the Notes % of Base money?
12:59 What about coins?
Here we look at the 108 year, 5,654 week history of the Federal Reserve and its balance sheet. Building on the last couple videos, in this one we're drilling down into central bank liabilities, which is where the 'Base money' is located. Specifically, there are two types of central bank money that make up the Monetary base; the first is notes (and coins), and the second is bank reserves.
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
15
views
PE47: How fast does the money printer go brrr... really? (II)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the forty-seventh video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:47 Small numbers long ago, vs. big numbers now?
03:28 All-time trendline
04:50 Pre-2008 trendline
09:00 Post-2007 trendline
13:00 Always comes back to compound growth rate
13:30 Fed balance sheet CAGR
14:25 Rule of 72 (Easiest way to doubling time!)
17:43 All-time trendline CAGR
20:58 Pre-2008 trendline CAGR
21:50 Post-2007 trendline CAGR
Here we look at the 108 year, 5,654 week history of the Federal Reserve and its balance sheet. How fast does it grow, what is its trendline? In addition to last video, what is the trendline of the Fed's balance sheet before 2008? What about the post-2007 trendline?
All-time trendline coefficients:
y = a * EXP (b * x)
y = y-intercept * EXP (slope * x)
y = 2.26 * EXP (0.13% * x)
Pre-2008 trendline coefficients:
y = a * EXP (b * x)
y = y-intercept * EXP (slope * x)
y = 2.74 * EXP (0.12% * x)
Post-2007 trendline coefficients:
y = a * EXP (b * x)
y = y-intercept * EXP (slope * x)
y = 0.06 * EXP (0.21% * x)
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
18
views
CV148: Yaël Ossowski - Fix the Money
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-eighth podcast episode from Crypto Voices.
Show support appreciated: donations.cryptovoices.com
Matthew and Alec interview Yaël Ossowski from the Consumer Choice Center, who is also a visiting fellow at the Bitcoin Policy Institute. He recently started up a great new pod about Bitcoin, Fix the Money.
Contents
00:00 Intro
01:53 Uniform Commercial Code and BTC
10:40 Catawba Digital Economic Zone
14:55 Bank money apps, Cash App, etc.
23:45 Operation Choke Point 2.0
39:36 France - Macron events
Links for more info:
http://yael.at/
https://consumerchoicecenter.org/team/yael-ossowski/
https://fixthemoney.net/
https://www.btcpolicy.org/articles/in-attempt-to-stop-cbdcs-states-are-rejecting-ostensibly-pro-bitcoin-legislation
https://catawbadigital.zone/
https://thenetworkstate.com/
https://rns.id/
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.
12
views
PE46: Fed printing... how much money? 108 year history... (I)
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the forty-sixth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:36 Used to be hard to find this data...
01:14 Log scale
01:39 What is the Fed's balance sheet?
04:42 What kind of assets do they buy with printed money?
07:01 What about gold?
08:15 History of Fed balance sheet
17:25 Removing money... until last two weeks
20:20 Exponential regression trendline (96% R-squared)
25:20 1-sigma percentile trendlines
26:70 2-sigma percentile trendlines
28:24 All-time compound annual (exponential) growth figures
Here we look at a 108 year, 5,654 week history of the Federal Reserve and its balance sheet. How fast does it grow, what is its trendline? What is a taper tantrum? How are they treating the banks?
Coefficients:
y = a * EXP (b * x)
y = y-intercept * EXP (slope * x)
y = 2.26 * EXP (0.13% * x)
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
12
views
PE45: What happens when bond yields go UP?
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the forty-fifth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
01:22 Bond price and yield are inversely related
00:50 How important is the bond market?
01:59 10-yr note price sensitivity per 1% YTM change
07:10 Other duration bond price sensitivity
09:18 What happens when yields fall? Happy days...
13:00 What happens when yields don't change?
13:51 What happens when yields rise? Pain...
19:16 What is different now, compared with 30 years ago?
Here we look at the main reason why banks are struggling today, and in general: The prices of government bonds have fallen drastically in the last year, as bond yields (or interest rates) have risen. This is the main reason why banks like SVB and others are failing. We continue on with last video's theme, but this time we take a look at bond durations above and below 10 years, from 1 year bills, to 50 year bonds (which exist in some countries, though not the US).
Remember, the price/value of bonds moves in the opposite direction of their yields/rates!
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
20
views
PE44: Why are banks failing?
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the forty-fourth video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:25 Bonds... and two charts!
00:50 How important is the bond market?
03:40 Importance of 10-year note
04:34 Components of a bond (Yield most important!)
06:14 YTM history of US Treasury 10-yr note
10:11 Bond price sensitivity chart
16:15 Price sensitivity of 10-yr note only
19:55 What happens when yields rise? Pain...
24:15 What happens when yields fall? Fun...
Here we look at the main reason why banks are struggling today, and in general: The prices of government bonds have fallen drastically in the last year, as bond yields (or interest rates) have risen. This is the main reason why banks like SVB and others are failing.
Remember, the price/value of bonds moves in the opposite direction of their yields/rates!
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
24
views
PE43: How likely is Balaji's Bitcoin bet, really?
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the forty-third video installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
00:00 Intro
00:43 Log scale
02:20 Bitcoin all-time power regression (95% R-squared)
05:57 1-sigma percentile moves
06:30 2-sigma percentile moves
08:30 3-sigma percentile moves
10:36 3-sigma+ percentile to get to Balaji's bet by mid-June
15:20 Likelihood of price moving above Balaji's trendline
18:55 Year end 2011 power trendline comparison (85% R-squared)
22:04 How rare is a 3-4 sigma move in price?
Here we look at Balaji Srinivasan's $1 million price per bitcoin bet within 90 days, made last week. How extraordinary is such a price target?
All-time trend coefficients:
y = a * x ^ b
y = y-intercept * x ^ slope
y = 6.90E-18 * x ^ 588%
Year end 2011 trend coefficients:
y = a * x ^ b
y = y-intercept * x ^ slope
y = 2.52E-28 * x ^ 950%
https://porkopolis.io
https://twitter.com/crypto_voices
Show content is not investment or financial advice in any way.
21
views
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.
6
views
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
6
views
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
6
views
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.
21
views
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.
41
views
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.
68
views
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.
8
views
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.
10
views
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.
3
views
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.
8
views