福布斯嚴厲的「加密貨幣殭屍」文章引發軒然大波，促使業界領袖進行辯護

福布斯對 Cardano 和 Stellar 等 20 多個未充分利用的區塊鏈網路的批評引發了行業爭論。卡爾達諾創始人查爾斯·霍斯金森拒絕了「加密貨幣殭屍」的標籤，將這些計畫的成功歸因於他們的智慧。

Forbes' Scathing 'Crypto Zombies' Article Ignites Uproar, Sparks Defense from Industry Leaders

福布斯嚴厲的「加密貨幣殭屍」文章引發軒然大波，引發業界領袖的辯護

A recent Forbes article has sparked a storm of controversy within the cryptocurrency sector, painting a grim picture of over two dozen blockchain networks as "crypto zombies" lacking significant usage, development, and real-world applications. The article's scathing analysis has drawn sharp criticism from several industry leaders, who have rallied to defend their respective projects against the allegations.

《富比士》最近的一篇文章在加密貨幣領域引發了一場爭議風暴，將二十多個區塊鏈網路描繪成缺乏大量使用、開發和實際應用的「加密殭屍」的嚴峻景象。這篇文章的嚴厲分析引起了幾位行業領袖的尖銳批評，他們聯合起來為各自的項目辯護，反對這些指控。

Forbes' Methodology and Targeted Projects

福布斯的方法論和目標項目

Forbes' analysis scrutinized the top 50 blockchain networks, evaluating them based on four key metrics: monthly active developers, fees generated over the past year, total value locked, and the market cap-to-fees ratio. The article concluded that over 20 crypto projects with market caps exceeding $1 billion are sustained solely by speculation, offering minimal value or utility.

福布斯的分析仔細審查了前 50 個區塊鏈網絡，根據四個關鍵指標對其進行評估：每月活躍開發者、過去一年產生的費用、鎖定的總價值以及市值與費用比率。文章的結論是，超過 20 個市值超過 10 億美元的加密貨幣項目僅靠投機維持，提供的價值或效用極小。

Among the projects targeted by Forbes were some of the most prominent names in the industry, including XRP, Cardano, Stellar, Stacks, Bitcoin Cash, Litecoin, Fantom, Algorand, Tezos, and EOS. Collectively, these projects command a market capitalization of approximately $59.3 billion.

福布斯瞄準的項目包括一些業內最著名的項目，包括 XRP、Cardano、Stellar、Stacks、Bitcoin Cash、Litecoin、Fantom、Algorand、Tezos 和 EOS。這些項目的總市值約為 593 億美元。

Industry Leaders Counter Attack

產業龍頭逆襲

The allegations leveled by Forbes have been met with swift and vehement rebuttals from leaders within the respective communities of the targeted projects. Charles Hoskinson, the founder of Cardano, took to Twitter to dismiss the "zombie" comparison, playfully suggesting that the projects included in the article possess superior intelligence.

福布斯提出的指控遭到了目標項目各自社區領導人的迅速而激烈的反駁。卡爾達諾創始人查爾斯·霍斯金森 (Charles Hoskinson) 在推特上駁斥了「殭屍」的比較，並開玩笑地暗示文章中包含的項目擁有卓越的智慧。

Hoskinson's sentiment was echoed by proponents of XRP, who derided the article's author and the outlet. Panos Mekras, founder of XRPL-based Anodos Finance, denounced the piece as "nonsense and misinformation," questioning the author's research and understanding of the industry.

霍斯金森的觀點得到了 XRP 支持者的回應，他們嘲笑了文章的作者和媒體。基於 XRPL 的 Anodos Finance 創始人 Panos Mekras 譴責這篇文章是“無稽之談和錯誤信息”，質疑作者對該行業的研究和理解。

Pro-XRP crypto lawyer Bill Morgan raised concerns over the SEC's pursuit of Ripple if XRPL were indeed a dormant "zombie chain." Emir Yavuz, who handles community engagement at Ultra Stellar, defended Stellar, emphasizing the project's recent strides in tokenization, including WisdomTree's $365 million in tokenized assets.

如果 XRPL 確實是一條休眠的“殭屍鏈”，支持 XRP 的加密貨幣律師 Bill Morgan 對 SEC 追捕 Ripple 表示擔憂。 Ultra Stellar 負責社區參與的 Emir Yavuz 為 Stellar 進行了辯護，強調了該項目最近在代幣化方面取得的進步，包括 WisdomTree 的 3.65 億美元代幣化資產。

Partial Concurrence from Crypto Insiders

加密貨幣內部人士的部分同意

While some within the cryptocurrency community have vehemently rejected Forbes' findings, others have acknowledged the validity of certain observations. Renowned independent journalist Laura Shin praised the article for shedding light on the issue of "crypto zombies," describing it as an "excellent story."

雖然加密貨幣社群中的一些人強烈拒絕福布斯的調查結果，但其他人承認某些觀察結果的有效性。著名獨立記者 Laura Shin 稱讚這篇文章揭示了「加密殭屍」問題，稱其為「精彩的故事」。

Forbes' Critical Metrics

福布斯的關鍵指標

Forbes' analysis heavily relied on the following metrics to assess the viability of the targeted blockchain networks:

福布斯的分析在很大程度上依賴以下指標來評估目標區塊鏈網路的可行性：

• Ratio of Market Cap to Fees: This metric compares the market capitalization of a project to the fees it generates. Projects with high ratios may indicate speculative hype rather than meaningful usage.
• Fundraising and Hodling of Funds: Forbes highlighted the tendency of "crypto zombies" to raise substantial funds for future expansion, potentially resembling securities offerings that fall under the SEC's Howey test. The article further criticized the hoarding of funds by projects such as Ripple, which holds a significant treasury of XRP tokens.

Conclusion

市值與費用之比：此指標將項目的市值與其產生的費用進行比較。高比率的項目可能表明投機性炒作，而不是有意義的使用。籌款和資金持有：《福布斯》強調了“加密貨幣殭屍”為未來擴張籌集大量資金的趨勢，可能類似於符合SEC 豪伊測試的證券發行。文章進一步批評了 Ripple 等項目囤積資金的行為，Ripple 持有大量 XRP 代幣。結論

Forbes' "crypto zombies" article has undoubtedly sparked a heated debate within the cryptocurrency industry. While some have vehemently refuted the allegations, others have acknowledged the need for increased focus on project viability and real-world applications. The article has also raised questions about the fundraising practices of certain blockchain networks and the potential implications under securities regulations.

福布斯的「加密殭屍」文章無疑引發了加密貨幣產業內的熱議。儘管有些人強烈反駁這些指控，但有些人承認需要更加關注專案的可行性和現實應用。該文章還提出了有關某些區塊鏈網路的籌款做法以及證券監管下的潛在影響的問題。

As the cryptocurrency sector continues to evolve, the issue of "crypto zombies" is likely to remain a topic of discussion. The industry must grapple with the challenge of distinguishing between projects that offer genuine value and those that rely solely on speculation. This scrutiny will ultimately benefit the sector by fostering innovation and weeding out unsustainable projects, paving the way for a more robust and thriving ecosystem.

隨著加密貨幣產業的不斷發展，「加密貨幣殭屍」問題可能仍然是一個討論的話題。該行業必須應對區分提供真正價值的項目和僅依賴投機的項目的挑戰。這種審查最終將透過促進創新和淘汰不可持續的項目使該行業受益，為更強大和繁榮的生態系統鋪平道路。