這就是比特幣和加密貨幣繼續存在的原因

距離唐納德·川普重新當選總統僅十天，世界終於承認比特幣在未來數位經濟中的合法（甚至核心）角色。

As Donald Trump edges closer to reclaiming the presidency, the world is finally waking up to bitcoin’s legitimate (and even central) role in the future digital economy.

隨著唐納德·川普 (Donald Trump) 距離奪回總統寶座越來越近，世界終於意識到比特幣在未來數位經濟中的合法（甚至核心）作用。

The broader ‘crypto’ world, however, remains mired in skepticism for many. Gary Gensler – the soon-to-exit chairman of the Securities and Exchange Commission (SEC) – is no bitcoin fan, but still believes the distinction between BTC and “the rest” is appropriate.

然而，對許多人來說，更廣泛的「加密」世界仍然深陷懷疑之中。即將卸任的美國證券交易委員會 (SEC) 主席加里·詹斯勒 (Gary Gensler) 並不是比特幣粉絲，但仍然認為 BTC 與「其他」之間的區別是適當的。

“The public knows a lot about bitcoin… and then there’s everything else,” he said in a recent interview with Bloomberg. “I’ve never seen a field that’s so much wrapped up in sentiment, and not so much about fundamentals. These ten thousand to fifteen thousand projects, many of them will not survive.”

「大眾對比特幣了解很多......然後還有其他一切，」他在最近接受彭博社採訪時表示。 「我從未見過一個領域如此關注情緒，而不是基本面。這萬到一萬五千個項目，很多都無法生存。

While Gensler's assessment has merit, the idea that crypto is merely a speculative playground with no fundamental value is both neglectful and outdated. There are plentiful reasons for bitcoin and tokens beyond it to exist alongside each other and carry lasting value.

雖然 Gensler 的評估有其道理，但認為加密貨幣只是一個沒有基本價值的投機遊樂場的想法既是忽視的也是過時的。比特幣和其他代幣有充分的理由共存並具有持久的價值。

The public deserves to know the nature of such assets. Here are just a few of them:

公眾應該了解此類資產的性質。以下只是其中的一些：

Bitcoin: Digital Gold

比特幣：數位黃金

Launched in 2009, bitcoin introduced the world to blockchain technology and created the first truly digital, decentralized monetary system.

比特幣於 2009 年推出，向世界介紹了區塊鏈技術，並創建了第一個真正的數位化、去中心化貨幣系統。

With its fixed supply of 21 million coins and robust security through proof-of-work mining, Bitcoin has established itself as "digital gold" – a permanent, predictable store of value and hedge against inflation.

憑藉2100 萬枚比特幣的固定供應量以及透過工作量證明挖礦實現的強大安全性，比特幣已將自己確立為「數位黃金」——一種永久的、可預測的價值存儲和對沖通脹的手段。

This remains Bitcoin's primary use case, as institutional investors and even nations are now adding it to their balance sheets.

這仍然是比特幣的主要用例，因為機構投資者甚至國家現在都將其添加到資產負債表中。

With President-elect Donald Trump promising to establish a “strategic national bitcoin stockpile” to help tackle the nation’s debt, the United States could soon be among them.

隨著當選總統唐納德·川普承諾建立「國家戰略比特幣儲備」以幫助解決國家債務問題，美國可能很快就會成為其中之一。

Stablecoins: Digital Dollars

穩定幣：數位美元

Stablecoins like USDC and USDT maintain a 1:1 peg with the U.S. dollar, combining the stability of fiat currency with the efficiency of blockchain technology. These have become highly popular for International remittances, crypto trading, cross-border business transactions, and DeFi (decentralized finance) applications.

USDC和USDT等穩定幣與美元維持1:1的掛鉤，將法定貨幣的穩定性與區塊鏈技術的效率結合。這些在國際匯款、加密貨幣交易、跨國商業交易和 DeFi（去中心化金融）應用中變得非常流行。

Stablecoins see some of their strongest adoption in developing nations like Nigeria, where access to traditional banking is limited, yet demand for USD is high to escape the devaluation of citizens’ local currency. A report from Castle Island Ventures last year found that over 77% of Nigerians held more than 10% of their assets in stablecoins.

穩定幣在尼日利亞等發展中國家的應用最為廣泛，這些國家傳統銀行業務的使用有限，但為了避免公民當地貨幣貶值，對美元的需求很高。 Castle Island Ventures 去年的一份報告發現，超過 77% 的尼日利亞人持有超過 10% 的資產為穩定幣。

Digital Securities

數位證券

Security tokens represent ownership in real-world assets, from real estate to company shares. These are digital versions of traditional securities, regulated under existing securities laws but benefiting from blockchain's efficiency and transparency.

安全代幣代表了現實世界資產的所有權，從房地產到公司股票。這些是傳統證券的數位版本，受現有證券法監管，但受益於區塊鏈的效率和透明度。

One example includes BlackRock’s first tokenized fund launched last year, giving institutional investors on-chain access to US dollar yields.

一個例子包括貝萊德去年推出的第一個代幣化基金，讓機構投資者能夠在鏈上獲得美元收益。

Utility Tokens

實用代幣

Many cryptocurrencies function as utility tokens, which serve specific purposes within their respective ecosystems.

許多加密貨幣充當實用代幣，在各自的生態系統中服務於特定目的。

Gas tokens, for example, are used to pay for computation and transaction processing on blockchain networks. Ethereum's ETH is the most well-known example, required for all transactions on the Ethereum network.

例如，天然氣代幣用於支付區塊鏈網路上的計算和交易處理費用。以太坊的 ETH 是最著名的例子，以太坊網路上的所有交易都需要它。

Such tokens often also double function as staking tokens. Examples include ADA (Cardano) and SOL (Solana), where token holders can "stake" their assets to validate transactions and maintain network consensus.

此類代幣通常還具有質押代幣的雙重功能。例子包括 ADA (Cardano) 和 SOL (Solana)，代幣持有者可以「抵押」其資產來驗證交易並維持網路共識。

Meanwhile, “governance tokens” give holders voting power over a given blockchain protocol, with its community of holders collectively known as “decentralized autonomous organizations.” Uniswap, a the world’s largest decentralized exchange, uses UNI as its governance token.

同時，「治理代幣」賦予持有者對特定區塊鏈協議的投票權，其持有者社群統稱為「去中心化自治組織」。 Uniswap是全球最大的去中心化交易所，並使用UNI作為其治理代幣。

Memecoins: The Speculative Side

Memecoin：投機的一面

In an online investment community where members so often call themselves “degens,” it would be disingenuous not to acknowledge how speculative the crypto market is.

在一個成員經常稱自己為「墮落者」的線上投資社群中，不承認加密貨幣市場的投機性是不誠實的。

Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), while starting as jokes, have attracted significant investment and created entire communities. While these may seem frivolous, they've demonstrated the power of social coordination and community-driven value creation in the digital age. For many, they are a fun and community-driven form of gambling.

像狗狗幣（DOGE）和柴犬幣（SHIB）這樣的迷因幣雖然一開始只是個笑話，但已經吸引了大量投資並創建了整個社區。雖然這些看似瑣碎，但它們展示了數位時代社會協調和社群驅動的價值創造的力量。對許多人來說，它們是一種有趣且由社區驅動的賭博形式。

To the surprise of many, DOGE is one of the only assets in crypto to keep pace with Bitcoin’s performance over multiple four-year crypto market cycles.

令許多人驚訝的是，DOGE 是加密貨幣中唯一在多個四年加密貨幣市場週期中與比特幣表現保持同步的資產之一。

The Revolution Beyond Tokens

超越代幣的革命

Focusing solely on cryptocurrencies as tokens misses the bigger picture. Their underlying blockchain technology represents a fundamental shift in how we can structure digital ownership, whether it relates to financial assets, data, or your identity.

僅關注加密貨幣作為代幣會錯過更大的前景。他們的底層區塊鏈技術代表了我們如何建立數位所有權的根本性轉變，無論它與金融資產、數據或您的身分有關。

The real innovation is the ability to maintain a single, shared source of truth across a distributed network without requiring trust in any central authority. This has implications for supply chain management, healthcare records, intellectual property rights, voting systems, and much more.

真正的創新是能夠在分散式網路中維護單一、共享的事實來源，而無需信任任何中央機構。這對供應鏈管理、醫療記錄、智慧財產權、投票系統等都有影響。

Many of today's cryptocurrencies will likely fade away, just as many early internet companies didn't survive the dot-com bubble. However, digital asses and their core use cases – from digital store of value to programmable money to decentralized computing

當今的許多加密貨幣可能會消失，就像許多早期的網路公司未能在網路泡沫中倖存一樣。然而，數位資產及其核心用例——從數位價值儲存到可編程貨幣再到去中心化計算