比特幣的價值：超越市場波動與價格標籤

比特幣的價值通常僅根據其價值來評估，但法定貨幣則根據可用性和利率等多種因素進行評估。比特幣還應該根據更廣泛的標準進行評估，例如其安全性、交易速度和易用性。

Bitcoin's Value: Assessing a Digital Currency Beyond Its Price

比特幣的價值：超越其價格來評估數位貨幣

In the realm of finance, fiat currencies undergo rigorous evaluation based on a myriad of factors, ranging from usability and trustworthiness to interest rates and demand. It is only fair that Bitcoin, the enigmatic digital currency, be subjected to a similarly comprehensive assessment.

在金融領域，法定貨幣根據多種因素進行嚴格的評估，從可用性和可信度到利率和需求。比特幣這種神秘的數位貨幣接受類似的全面評估是公平的。

Beyond Market Fluctuations

超越市場波動

The media has often fixated on Bitcoin's value, reducing it to a mere metric that fluctuates with each market movement. Headlines trumpet the impact of milestones like the launch of ETFs, as if Bitcoin's worthiness were solely determined by its price on any given day. Such a narrow view is both simplistic and misleading.

媒體經常關注比特幣的價值，將其簡化為隨每次市場變動而波動的指標。頭條新聞大肆宣揚 ETF 推出等里程碑事件的影響，就好像比特幣的價值完全取決於其在任何一天的價格一樣。這種狹隘的觀點既簡單化又具有誤導性。

In contrast, traditional currencies like the euro can experience significant fluctuations in value without undermining their validity as mediums of exchange. In November 2022, the euro depreciated by 7% against the US dollar, yet the currency's functionality remained intact. This is because the euro, even at a depreciated value, retains its utility as a convenient and widely accepted payment method.

相較之下，歐元等傳統貨幣可能會經歷大幅的價值波動，但不會損害其作為交換媒介的有效性。 2022年11月，歐元兌美元貶值7%，但貨幣功能完好無損。這是因為，即使歐元貶值，它仍保留其作為一種方便且被廣泛接受的支付方式的效用。

A Multifaceted Appraisal

多方面的評估

To truly assess Bitcoin's value, we must expand our perspective beyond price alone. Similar to fiat currencies, Bitcoin's worth can be measured through a range of indicators:

為了真正評估比特幣的價值，我們必須將視野擴展到價格之外。與法定貨幣類似，比特幣的價值可以透過一系列指標來衡量：

• Validator Fees: For network validators, Bitcoin's value is intertwined with gas fees, which represent the compensation they receive for maintaining the integrity of the network. Last year, gas fees reached an unprecedented high of $40, reflecting the surge in demand and transaction volumes.
• Security: The security of a currency is a crucial factor for businesses considering its adoption. In Bitcoin's case, security is related to the strength of its proof-of-work protocol, which has garnered attention from the US House Force as a potential foundation for national defense systems.
• Transaction Costs: Gas fees also serve as a gauge for the cost of transacting using Bitcoin. Higher gas fees indicate increased scrutiny and vigilance within the decentralized system, as well as heightened demand.
• Staking Interest: The advent of Bitcoin staking will introduce a new dimension to its value proposition: the potential to earn interest on dormant Bitcoin tokens. This feature, previously exclusive to other blockchains, allows Bitcoin holders to put their tokens to work and generate passive income.
• Layer-2 Technology: Bitcoin layer-2 technology will facilitate the staking of unused Bitcoin, enabling it to be put to work in a similar manner to fiat currencies in savings accounts. As more individuals recognize the utility of Bitcoin, the confidence in the currency will grow, leading to an increase in the Bitcoin interest rate.

The True Measure of Worth

驗證者費用：對於網路驗證者來說，比特幣的價值與汽油費交織在一起，汽油費代表了他們為維護網路完整性而獲得的補償。去年，汽油費達到了前所未有的高點 40 美元，反映了需求和交易量的激增。就比特幣而言，安全性與其工作量證明協議的強度有關，該協議作為國防系統的潛在基礎而受到美國眾議院的關注。較高的汽油費顯示去中心化系統內的審查和警覺性增強，以及需求增加。 質押利息：比特幣質押的出現將為其價值主張引入一個新的維度：透過休眠的比特幣代幣賺取。利息的潛力。這項功能以前是其他區塊鏈獨有的，允許比特幣持有者將其代幣投入使用並產生被動收入。 ，使其能夠在與儲蓄帳戶中的法定貨幣類似。隨著越來越多的人認識到比特幣的實用性，對該貨幣的信心將會增強，從而導致比特幣利率上升。

Ultimately, the true measure of any currency lies in its usability – the ease with which it can facilitate the exchange of goods and services. Bitcoin is actively evolving towards enhanced ease of use, despite facing resistance from legacy actors such as regulators and central banks.

最終，任何貨幣的真正衡量標準在於其可用性——它促進商品和服務交換的難易程度。儘管面臨監管機構和央行等傳統參與者的抵制，比特幣仍在積極朝著增強易用性的方向發展。

The remarkable aspect of Bitcoin is that it requires no mandatory adoption, no disclosure of personal information to third parties, and offers lower transaction costs than most fiat-based cross-border payments.

比特幣的顯著之處在於，它不需要強制採用，不需要向第三方披露個人信息，並且比大多數基於法定的跨境支付提供更低的交易成本。

In the words of Mastercard's iconic slogan, for all these reasons, the true value of Bitcoin is "priceless."

用萬事達卡標誌性口號的話來說，由於所有這些原因，比特幣的真正價值是「無價的」。

About the Author

關於作者

Jonathan is currently the Global Head of Growth at the Web3 ecosystem, Elastos. He oversees marketing, business development, investment, and ecosystem strategies. With a background in corporate communications and technology marketing, Jonathan has pivoted his focus to Web3 innovation through his roles at Elastos and CreDA.

Jonathan 目前是 Web3 生態系統 Elastos 的全球成長主管。他負責監督行銷、業務開發、投資和生態系統策略。 Jonathan 擁有企業傳播和技術行銷背景，透過在 Elastos 和 CreDA 的工作，將重點轉向 Web3 創新。