比特幣最大化主義者的悖論

當比特幣由主要機構主導時（比特幣愛好者正在尋求總統候選人的批准），我們就面臨創建中心化的危險

Bitcoin was created in the aftermath of the Great Financial Crisis as a people’s currency, designed to bypass the manipulation and mismanagement of the financial system by governments, financial institutions and special interest groups.

比特幣是在金融危機之後作為一種人民貨幣而誕生的，旨在繞過政府、金融機構和特殊利益集團對金融體系的操縱和管理不善。

But as the dust settles and institutions begin to show interest in crypto, a paradox emerges within the Bitcoin maximalist community – that of believing in the ideals and purpose of Bitcoin, yet celebrating and depending upon the very institutions Bitcoin was built to circumvent.

但隨著塵埃落定，機構開始對加密貨幣表現出興趣，比特幣極端主義社群中出現了一個悖論——相信比特幣的理想和目的，但卻慶祝並依賴比特幣旨在規避的機構。

With governments, ETFs dominated by financial institutions, corporations and major whales adding to their share on every price correction, the increasing concentration of Bitcoin is undeniable. Today, the top 15 holders of BTC possess about 7.5% of the total supply.

隨著政府、金融機構主導的 ETF、企業和大型鯨魚在每次價格調整時增加其份額，比特幣的日益集中化是不可否認的。如今，比特幣前 15 位持有者約佔總供應量的 7.5%。

As governments and Wall Street squeeze in on crypto and influence its volatility, while the decisions of central banks on interest rates zig-zag the price of Bitcoin in high single digits within hours, can we still walk the original path?

隨著政府和華爾街對加密貨幣的擠壓並影響其波動性，而央行的利率決策在數小時內使比特幣的價格出現高個位數的波動，我們還能走原來的路嗎？

Or are we heading toward a dead-end through excess enthusiasm? The fact that Trump’s proposal in Nashville to make Bitcoin a strategic reserve excited the crypto community might be telling of where we’re at.

還是我們因過度的熱情而走向死胡同？川普在納許維爾提出的將比特幣作為戰略儲備的提議讓加密社群興奮不已，這一事實可能說明了我們所處的位置。

Institutional activity signals “major gains” the everyday holder of Bitcoin. Promises of financial gains are overriding any allegiance to decentralized principles. There is an emanating “look the other way" that neglects the very real scenario in which Bitcoin becomes indistinguishable from a traditional financial asset.

機構活動標誌著比特幣日常持有者的「重大收益」。經濟收益的承諾凌駕於任何對去中心化原則的忠誠。有一種「另眼相看」的態度，忽略了比特幣與傳統金融資產變得難以區分的真實場景。

We saw lines blur with Venezuela’s attempt to support the Bolivar with their self-created Petro-cryptocurrency back in 2018. Whilst thwarted, plenty of other power-grabbing initiatives are clearly unfolding at an alarming rate. The government of El Salvador is buying one Bitcoin a day; the FBI recently uncovered North Korea’s fraudulent social engineering schemes to steal Bitcoin from their people; U.S-based MicroStrategy holds nearly 250,000 Bitcoins.

早在2018 年，委內瑞拉就試圖用自己創建的石油加密貨幣來支持玻利瓦爾，我們看到這一點的界線變得模糊。 。薩爾瓦多政府每天購買一個比特幣；美國聯邦調查局 (FBI) 最近揭露了北韓的欺詐性社會工程計劃，旨在從其人民那裡竊取比特幣；總部位於美國的 MicroStrategy 持有近 25 萬個比特幣。

Soon, Bitcoin may be inseparable from the influence of traditional capital markets. When the Bitcoin price moves in sync with stocks and interest rates, we’re in a dangerous place. Failure to curtail growing institutional influence on Bitcoin could result in centralized decentralized finance. Yes, in case you’ve not considered it: Ce-DeFi is a reality that we’re facing.

很快，比特幣可能離不開傳統資本市場的影響。當比特幣價格與股票和利率同步變動時，我們就處於危險的境地。如果不能限制機構對比特幣日益增長的影響，可能會導致中心化的去中心化金融。是的，如果您沒有考慮過這一點：Ce-DeFi 是我們面臨的現實。

At ground level, this could extend to institutional influence over mining operations and node providers, undermining principles of distributed control. If corporate interests meld into blockchains themselves, not just into cryptocurrencies, ecosystems could become susceptible to

在底層，這可能會延伸到對挖礦業務和節點提供者的機構影響，從而破壞分散式控制的原則。如果企業利益融入區塊鏈本身，而不僅僅是加密貨幣，生態系統可能會變得容易受到影響

data manipulation and censorship measures. Big top-down decisions could start to compromise privacy and pseudonymity customs. Eventually regulatory advances could yield.

數據操縱和審查措施。自上而下的重大決策可能會開始損害隱私和匿名習慣。最終，監管方面的進步可能會產生效果。

However, dystopia is not an inevitable outcome. The onus to act, with purpose, still lies with crypto natives, and more specifically those who claim to be Bitcoin maximalists. While institutional dominion is a problem, the more immediate problem is the lack of acceptance that Bitcoin is a people’s currency. The sooner it is accepted that Bitcoin may be treated like any other asset, the sooner that full focus can be given to maximizing its value for everyone. If global crypto adoption is to truly manifest, minds must change and grassroots action must be taken.

然而，反烏托邦並不是必然的結果。有目的地採取行動的責任仍然在於加密貨幣原住民，更具體地說，是那些自稱比特幣最大化主義者的人。雖然制度統治是一個問題，但更迫切的問題是人們不承認比特幣是一種人民貨幣。越早接受比特幣可以像其他資產一樣對待，就能越早全神貫注於最大化其對每個人的價值。如果要真正體現全球加密貨幣的採用，就必須改變想法並採取基層行動。

Crypto investors, innovators, and influencers must recognize their power. Their decisions can greatly influence the market in ways that extend beyond their investments. Through the projects they interact with, the way they talk about crypto, and the information that they seek and share, Bitcoin’s sovereign potential can still be championed. Open-source initiatives that target core communities must be propagated sufficiently. Those such as the OpenSats Education Initiative, a grant-oriented scheme that delivers educational content for all levels of expertise, encourage people to obtain knowledge rather than chase profits. It is ultimately the expansion of knowledge that will birth new innovative utilities of Bitcoin and drive its value to a greater degree than investment can.

加密貨幣投資者、創新者和影響者必須認識到他們的力量。他們的決定可以以超出其投資範圍的方式極大地影響市場。透過他們互動的項目、他們談論加密貨幣的方式以及他們尋求和分享的訊息，比特​​幣的主權潛力仍然可以維護。針對核心社群的開源措施必須充分宣傳。 OpenSats 教育計劃等項目是一項以贈款為導向的計劃，為各個級別的專業知識提供教育內容，鼓勵人們獲取知識而不是追逐利潤。最終，知識的擴展將催生比特幣新的創新效用，並比投資更大程度地推動其價值。

In placing open-source projects at the front and center, blockchain technology is kept accessible to everyone, in spite of rising institutional investment. Crypto enthusiasts and everyday investors will always maintain sovereignty over the initiatives that they engage with. They must thus be diligent in favoring those that promote decentralized principles.

儘管機構投資不斷增加，但透過將開源專案置於前沿和中心，每個人都可以使用區塊鏈技術。加密貨幣愛好者和日常投資者將始終對他們參與的舉措保持主權。因此，他們必須努力支持那些提倡去中心化原則的人。

Expanding decentralized governance

擴大去中心化治理

Decentralized governance as a notion is the most transformative quality of blockchain technology. Of course, the intended revolution is centered in finance, but the industry must not pass on the chance to change how systems are governed. In fact, the risk of institutions dominating Bitcoin should inspire the community to double-down on innovating governance models. This could include more participation in Bitcoin Improvement Proposals (BIPs), where anyone can propose changes to the Bitcoin protocol. Individuals must use their power to influence decisions as often as possible.

去中心化治理作為一個概念是區塊鏈技術最具變革性的品質。當然，預期的革命集中在金融領域，但該產業絕不能放棄改變系統治理方式的機會。事實上，機構主導比特幣的風險應該會激勵社群加倍創新治理模式。這可能包括更多地參與比特幣改進提案（BIP），任何人都可以提出對比特幣協議的更改。個人必須盡可能利用自己的權力影響決策。

Social media's ability to influence public opinion has to be leveraged persistently. Popular crypto influences have to take responsibility for the content they create. It must increasingly emphasize Bitcoin's decentralized, censorship-resistant origins. Audiences should be constantly reminded that Bitcoin is a tool for financial freedom, not profit maximization. Strengthening values that naturally repel institutionalized control will drive people

必須持續運用社群媒體影響公眾輿論的能力。流行的加密貨幣影響力必須對他們創建的內容負責。它必須越來越強調比特幣的去中心化、抗審查的起源。應不斷提醒觀眾，比特幣是實現財務自由的工具，而不是利潤最大化的工具。強化自然地抵制制度化控制的價值觀將驅動人們