中國的禁令以及歐盟可能出台的懲罰法規只是比特幣不斷增長的問題的一部分

兩位歐洲央行 (ECB) 經濟學家最近發表了一篇論文，指出 BTC 使早期採用者受益，但犧牲了後來者和非

Two European Central Bank economists recently released a paper stating that BTC benefits early adopters at the expense of latecomers and non-holders. This has led to speculation that the ECB may be considering harsher regulations for BTC.

兩位歐洲央行經濟學家最近發表了一篇論文，指出比特幣讓早期採用者受益，但卻損害了後來者和非持有者的利益。這引發了人們的猜測，即歐洲央行可能正在考慮對比特幣實施更嚴格的監管。

However, BTC maximalists claim that the small blockers declared war on Bitcoin, not the ECB. They argue that BTC is a capital sink that does not contribute to the productive economy, which is why governments are waking up to its flaws and turning to blockchain technology for productive uses.

然而，比特幣極端主義者聲稱，小型區塊鏈者是向比特幣宣戰，而不是向歐洲央行宣戰。他們認為，比特幣是一種資本匯，對生產性經濟沒有貢獻，這就是為什麼各國政府正在意識到其缺陷，並轉向區塊鏈技術用於生產性用途。

As big-block implementations on Bitcoin like BSV scale to millions of transactions per second, enabling cutting-edge applications, BTCers continue to double down on the failed small-block narrative.

隨著 BSV 等比特幣上的大區塊實現規模達到每秒數百萬筆交易，從而支援尖端應用程序，BTCers 繼續加倍努力研究失敗的小區塊故事。

This is evident in the China ban and the potential for punishing EU regulations, as well as Italy’s government increasing capital gains tax on BTC.

這一點在中國的禁令和歐盟法規可能受到的懲罰，以及義大利政府提高比特幣資本利得稅中就可見一斑。

Regular readers of CoinGeek, viewers of Kurt Wuckert Jr.’s many media appearances, and big blockers, in general, will already be aware that this has been predicted for many years now.

CoinGeek 的忠實讀者、Kurt Wuckert Jr. 多次媒體露面的觀眾以及一般的大區塊者，已經意識到這一點已經被預測了很多年。

Whatever way BTC maxis spins it, continual growth cannot occur in a non-productive economy. As inflation comes down to around 2% in major economies and as more governments seek to capitalize on productive uses, BTC may have already peaked.

無論 BTC maxis 如何運作，非生產性經濟體都無法持續成長。隨著主要經濟體的通貨膨脹率降至 2% 左右，並且隨著越來越多的政府尋求利用生產性用途，比特幣可能已經達到頂峰。

On the other hand, the big block economy will continue to grow. With innovations like Teranode enabling one million TPS for tiny fees and with more companies, governments and organizations realizing blockchain can increase productivity, the sky is the limit for big block Bitcoin.

另一方面，大區塊經濟將持續成長。隨著像 Teranode 這樣的創新能夠以極低的費用實現 100 萬 TPS，並且隨著越來越多的公司、政府和組織意識到區塊鏈可以提高生產力，大區塊比特幣的天空是極限。