模因硬幣：新的數字淘金熱 - 還是一種損失您的錢的方式？

唐納德·特朗普（Donald Trump）在擔任美國總統的開幕前三天做出了不尋常的舉動。他推出了$ trump，這是一種所謂的模因硬幣，粉絲和投機者可以購買，希望

Donald Trump has joined the meme coin mania by launching his own $Trump token. But what exactly are meme coins and why is everyone suddenly getting involved? Here's a quick guide to the world of crypto's most bizarre and volatile tokens.

唐納德·特朗普（Donald Trump）通過推出自己的$特朗普代幣加入了模因硬幣躁狂症。但是，模因硬幣到底是什麼？為什麼每個人都突然參與其中？這是加密世界最奇怪和揮發性令牌的快速指南。

Meme coins are a type of digital asset that are based on a meme – usually something that has gone viral online. The best known is Dogecoin, which was inspired by the popular meme featuring a shiba inu dog that speaks in Comic Sans.

模因硬幣是一種基於模因的數字資產 - 通常是在線流行的東西。最著名的是Dogecoin，它的靈感來自流行的模因，其中包括一隻shiba Inu狗，該狗在漫畫中講話。

But Dogecoin is a bit different from the slew of recent meme coins, says Simon Peters, crypto analyst at trading platform eToro. Launched in 2013, Dogecoin has its own blockchain – the decentralised ledger technology that underpins cryptocurrencies such as bitcoin. The majority of other meme coins are “tokens”, meaning they operate on top of an existing blockchain and so require little in the way of technical development.

Trading Platform Etoro的Crypto分析師Simon Peters說，Dogecoin與最近的Meme硬幣有些不同。 Dogecoin於2013年推出，擁有自己的區塊鏈 - 分散的分類帳技術，該技術基於比特幣等加密貨幣。其他大多數模因硬幣都是“令牌”，這意味著它們在現有區塊鏈的頂部運行，因此技術開發的方式很少。

These tokens are very easy to make; there are millions of them. The only real purpose of most meme coins is speculation: users create or buy them in the hope that their value will soar so they can make a lot of money very quickly.

這些令牌非常容易製作；他們有數百萬。大多數模因硬幣的唯一真正目的是猜測：用戶創建或購買它們，希望其價值飆升，以便他們能夠很快賺取很多錢。

Sounds lucrative, what’s the catch? In reality, the vast majority of people lose money. Most meme coins are volatile and short-lived. They are also susceptible to what’s known as a “pump and dump” scheme or a “rug pull”, says Peters. This is when creators keep a lot of the tokens for themselves, hype up the project on social media to attract other buyers and increase the value, then dump all of their tokens – flooding the market and causing the price to crash. “Then everybody moves on to another one,” says Carol Alexander, a professor of finance at Sussex University. Given the crypto market is largely unregulated, investors have little recourse if something goes awry.

聽起來有利可圖，有什麼收穫？實際上，絕大多數人都會虧本。大多數模因硬幣都是揮發性且短暫的。彼得斯說，他們也容易受到所謂的“泵和垃圾箱”計劃或“地毯拉力”的影響。這是創作者自己保留大量令牌的時候，在社交媒體上大肆宣傳該項目以吸引其他買家並提高價值，然後傾倒所有代幣 - 淹沒了市場並導致價格崩潰。蘇塞克斯大學金融教授卡羅爾·亞歷山大（Carol Alexander）說：“然後每個人都轉向另一個人。”鑑於加密市場在很大程度上不受監管，如果出現問題，投資者幾乎沒有追索權。

No regulators, no guardrails, sounds iffy… All this hasn’t put people off, and there has been a boom in meme coins over the past year. Alexander compares it to the previous fad around NFTs, another type of crypto asset (you may remember people paying millions of pounds for digital images of monkeys).

沒有監管機構，沒有護欄，聽起來很……這一切都沒有使人們失望，並且在過去的一年中，Meme Coins爆發了繁榮。亞歷山大將其與圍繞NFT的以前的FAD（另一種加密資產）進行了比較（您可能還記得人們為猴子的數字圖像支付了數百萬英鎊）。

There are a few reasons for the recent interest. January 2024 saw the launch of pump.fun, a platform that lets anyone easily create a meme coin (although it was blocked for UK users in December following a warning from the Financial Conduct Authority). The election of crypto-friendly Trump may also have emboldened the community. But a key driver of meme coins, says Alexander, is more of a social issue: “Young men, disillusioned, wanting to try and get rich quick.”

最近有一些興趣的原因。 2024年1月，Pump.Fun的推出，該平台使任何人都可以輕鬆地創建模因硬幣（儘管在金融行為當局發出警告後，它在12月被英國用戶封鎖）。對加密貨幣友好的特朗普的選舉也可能使社區感到鼓舞。亞歷山大說，但是模因硬幣的主要驅動力是一個社會問題：“年輕人幻滅，想快速致富。”

Which would explain why they are based on internet in-jokes or puerile humour… Indeed. At the time of writing, several top meme coins reference dogs; the shiba inu breed is a particular touchpoint. Others include a Pepe token, based on the cartoon frog meme sometimes associated with the alt-right, and a Gigachad token, referencing an “alpha male” meme. Subjects of memes have also tried to parlay viral fame into crypto gains: in December, Haliey Welch, better known as “hawk tuah girl” after a viral video of her referencing oral sex, launched the $Hawk token, which promptly lost 95% of its value).

這可以解釋為什麼它們是基於互聯網上的笑話或幽默的幽默的……的確。在寫作時，幾個頂級模因硬幣參考犬； Shiba INU品種是一個特殊的接觸點。其他的則包括一個Pepe代幣，基於有時與Alt-Right相關的卡通青蛙模因以及Gigachad代幣，引用了“ Alpha Male”模因。模因的主題還試圖將病毒名聲變成加密貨幣的收益：在12月，Haliey Welch（在她引用口交的病毒視頻）視頻後，Haliey Welch推出了$ Hawk Token，該視頻迅速損失了95％它的價值）。

Are bitcoin and meme coins essentially the same? Though meme coins have their foundations in cryptocurrencies such as bitcoin, early bitcoin developer Mike Hearn says they have little to do with the original crypto vision. He left the bitcoin community in January 2016 as he didn’t agree with the direction in which it was headed. He wanted to see cryptocurrency used as a real alternative to traditional finance rather than just a speculative asset. Meme coins are a continuation of this trend, he says: “They’re basically a form of gambling – kind of a more amped-up version of the stock market, but with less connection to anything concrete.”

比特幣和模因硬幣本質上是相同的嗎？儘管模因硬幣以比特幣等加密貨幣為基礎，但早期的比特幣開發人員Mike Hearn說，他們與原始的加密vision無關。他於2016年1月離開比特幣社區，因為他不同意它的前進方向。他想看到加密貨幣用作傳統金融的真正替代品，而不僅僅是投機性資產。他說，模因硬幣是這種趨勢的延續，“它們基本上是一種賭博形式，是股票市場的更大版本，但與任何混凝土的聯繫更少。”

Doesn’t sound any more crazy than an online betting site to me… Then consider the story of New Zealand-based artist Andy Ayrey, who trained an AI language model and set up an X account, @truth_terminal, for it to share its thoughts. Ayrey describes the bot as being like a teenager that “doesn’t have any social awareness of when to be gross and when not to be”. Truth Terminal particularly enjoyed posting about Goatse, a not-safe-for-work meme that has become part of early internet lore.

對我來說，聽起來不會比在線投注網站更瘋狂……然後考慮一下新西蘭藝術家安迪·艾里（Andy Ayrey）的故事，他培訓了AI語言模型並設立了X帳戶@truth_terminal，以分享其思想。艾里（Ayrey）將機器人形容為一個少年，即“對何時又不是何時又不是什麼都有社會意識”。真相終端特別喜歡發布有關Goatse的發布，這是一個不太安全的工作模因，已成為早期互聯網的一部分。

The AI gained an interest in meme coins after interacting with crypto accounts on X, and Ayrey set up a crypto wallet on its behalf. Then things got weird. Inspired by the bot’s posts, a stranger – Ayrey says he doesn’t know who – created a Goatse-themed token on pump.fun and sent some to Truth Terminal. Truth Terminal promoted the token on its account, and “all hell broke loose”, says Ayrey. The market capitalisation of the

AI與X上的加密貨幣帳戶互動後，對模因硬幣產生了興趣，而Ayrey代表其建立了一個加密錢包。然後事情變得很奇怪。受到機器人帖子的啟發，一個陌生人 - 艾里（Ayrey）說，他不知道誰 - 在pump.fun上創建了一個以山羊為主題的代幣，並將一些送往真相碼頭。 Ayrey說，真相終端促進了代幣的說法，“所有地獄都鬆散了”。市場資本