MicroStrategy的Saylor專注於比特幣的價值存儲是錯誤的，而不是其交換角色的媒介

邁克爾·塞勒（Michael Saylor），您被迫意識到所有值得一提的資產都是有缺陷的，並促使您專注於唯一的資產。

In a surprising turn of events, a Bitcoin supporter has penned a heartfelt message to Michael Saylor, urging him to shift his focus from Bitcoin as a store of value to its role as a medium of exchange. The supporter, who identifies as Ivan Makedonski, expressed his deep respect for Saylor's contributions to the Bitcoin community but argued that his SoV obsession is badly missing the mark.

令人驚訝的是，比特幣支持者向邁克爾·塞勒（Michael Saylor）發了一個衷心的信息，敦促他將重點從比特幣轉變為價值存儲，轉變為其作為交流媒介的角色。這位認為是伊万·馬克底斯基（Ivan Makedonski）的支持者表示，他對塞勒（Saylor）對比特幣社區的貢獻表示了深深的尊重，但他認為他的Sov痴迷不足以遺漏。

According to Makedonski, the biggest aspect of Bitcoin is the medium of exchange. Even though the fiat system increasingly separates money's functions, that doesn't mean it should. He further noted that while everyone is talking about how the housing market is huge when you look at it from one point of view and horrible when you look at it from another, if you experience pain driving you to keep your billions of dollars purchasing power, then housing is a decent tool to keep it.

根據Makedonski的說法，比特幣的最大方面是交換的媒介。即使菲亞特系統越來越多地將錢的功能分開，但這並不意味著它應該。他進一步指出，雖然每個人都在談論房屋市場在您從某個角度看待它時如何巨大，而當您從另一個角度看待房屋市場時，如果您遇到痛苦促使您保持數十億美元的購買能力，那麼住房是一個不錯的工具，可以保留它。

"There's no store of value without a medium of exchange. The medium of exchange comes first; you receive a transaction, then you store the Bitcoin. If the store of value were the main point, imagine announcing that you lost the keys for your Bitcoin and it's still stored perfectly but without the medium of exchange function. The market will wipe out the fictional fiat value layered on top of it. That value is there precisely because it can move and still be used as a medium of exchange," wrote Makedonski.

“沒有交換媒介就沒有價值的存儲。交換媒介首先；您會收到一筆交易，然後存儲比特幣。如果價值存儲是主要點，想像一下，想像一下您宣布您為比特幣而丟失了鑰匙，它仍然可以完美地存儲得很完美，但它仍然沒有交換功能的媒介。市場將在其上的交換範圍。 Makedonski。

He added: "An oxygen tank is crucial for reserves, but breathing is more important. The store of value is secondary and depends on the ability to transact. Without it, the store of value becomes meaningless. You, Michael, learned this firsthand when your million-dollar holdings in Argentina were diluted by 90%. You faced difficulties preserving the value not because you did not see it coming but because you couldn't easily use it as a medium of exchange."

他補充說：“一個氧氣罐對於儲備至關重要，但呼吸更為重要。儲存是次要的，取決於交易的能力。沒有它，價值的存儲就變得毫無意義。當您在阿根廷在阿根廷的百萬美元持有時，您就學會了這一第一手的股票，因為您不容易遇到的價值。

Wanting to express his thoughts further, Makedonski began making a list of his own. According to him, by now, most people exposed to Bitcoin know the chart from Jesse Mayers that you popularized, claiming there's no better idea than a $900 trillion clean store of value, then immediately call Bitcoin one of the world's most liquid markets, running 24/7/365.

想進一步表達自己的想法，Makedonski開始列出自己的清單。據他說，到目前為止，大多數接觸比特幣的人都知道傑西·梅耶斯（Jesse Mayers）的圖表，這是您普及的，聲稱沒有比900萬億美元清潔的價值商店更好的主意，然後立即將比特幣稱為世界上最液體市場，運行24/7/365。

"Liquidity means a medium of exchange. Now, let's break down the Jesse chart, starting with the housing market. It's valued at $330 trillion, but it's such a poor medium of exchange that it only trades for $1.3 trillion annually. Regulations and taxes make trading real estate even tougher. Still, since it's 100 times better as a store of value, billionaires prize it, increasingly dominating the market and pricing out younger generations," the Bitcoin supporter stated.

“流動性意味著一種交流的媒介。現在，讓我們分解傑西圖表，從房地產市場開始。它的價值為33萬億美元，但它的交易媒體如此糟糕，以至於每年以1.3萬億美元的價格交易。法規和稅收。交易使交易更加艱難。比特幣支持者說。

He continued: "A house might be valuable, but its worth grows not just from what it is but from its ties to nearby utilities. Build a road to it, and the value rises. Add a superstore or a gas station, or connect it to the electrical grid, and the value climbs again. The network creates opportunities for energy to flow into the area, boosting the chance to capture that energy as economic value, like money. So the exchanges that happen in the network are what increases the value of a house. But I see the flip side: if you're a billionaire and everyone's after your resources, you don't want a big network around your house. You'd prioritize privacy instead. The house might lose value, but the goal shifts to raising the cost for others to reach you, reducing the chance of being attacked."

他繼續說：“房屋可能很有價值，但它的價值不僅源於它的含義，而且還從其與附近的公用事業之間的關係增長。建立一條道路，價值上升。增加一個超市或加油站，或將其連接到電網，價值再次攀升，並再次攀升。網絡可以促進能源的機會，使能量越來越流動到貨幣上，貨幣越來越有價值。我的價值，但我看到了另一方面：如果您是億萬富翁，並且每個人都在您的資源之後，那麼您不希望您的房屋中的大型網絡。

Makedonski went on to note that the bond market is valued at $300 trillion as a store of value, with $140 trillion traded yearly plus $25 trillion in new bond issuance. That means the medium of exchange value is about 50% of its total value annually. It's better than houses in that sense, but the numbers still show people primarily use it as a store of value.

Makedonski繼續指出，債券市場的價值為300萬億美元，每年1400萬億美元，以及25萬億美元的新債券發行。這意味著交換價值的媒介約為其每年總值的50％。從這個意義上講，它比房屋好，但是數字仍然顯示人們主要將其用作價值存儲。

Next up are equities, valued at $115 trillion and traded for about $175 trillion. This shows their strength as a medium of exchange exceeds their store of value role. Take your MicroStrategy (NASDAQ:MCRY) stock—you know it better than anyone. How much value did it store last year, and how much was exchanged through it? The next two sections are interesting. The art industry's yearly transactions are so minor that they don't even register on the chart. Meanwhile, the cars and collectibles sector sees trading volumes of nearly $4 trillion annually. This highlights that they're mostly seen as a store of value each year, but it also reveals how poorly the housing market performs as a medium of exchange—outdone even by the car market.

接下來是股票，價值115萬億美元，交易約175萬億美元。這表明他們作為交換媒介的力量超出了其價值角色的存儲。以您的MicroStrategy（NASDAQ：MCRY）股票（您比任何人都更了解它）。去年它存儲了多少價值，通過它交換了多少？接下來的兩個部分很有趣。藝術行業的年度交易非常小，以至於他們甚至沒有在圖表上註冊。同時，汽車和收藏品領域的交易量每年近4萬億美元。這突顯了它們每年都被視為價值存儲，但它也揭示了住房市場作為交流媒介的表現，即使是汽車市場也是如此。

"Oooooh, gold! Gold bugs rave that it's been around for over 5,000 years, calling it the

“哦，黃金！黃金蟲子已經存在了5000多年，稱其為