SEC的加密特遣部隊的新提案為XRP作為“戰略金融資產”的理由

我在這裡告訴您，XRP不是戰略資產，並且該提案中的邏輯充其量是可疑的。

A new proposal submitted to the U.S. Securities and Exchange Commission’s (SEC) newly-established Crypto Task Force by a Maximilian Staudinger makes the case for XRP as a “strategic financial asset” for the United States (using some very questionable math and logic).

提交給美國證券交易委員會（SEC）的一項新提案，由Maximilian Staudinger新建立的加密工作組提交給美國XRP作為美國的“戰略金融資產”（使用一些非常可疑的數學和邏輯）。

I’m here to tell you that XRP is not a strategic asset and that the logic in this proposal is dubious at best.

我在這裡告訴您，XRP不是戰略資產，並且該提案中的邏輯充其量是可疑的。

In the proposal, Staudinger states that $5 trillion is locked up in U.S. Nostro accounts (accounts that banks use for cross-border payments). And he claims that if certain regulatory conditions were created — including the SEC classifying XRP as a payment network, the U.S. Department of Justice (DoJ) providing legal clearance for banks to use XRP, and the Federal Reserve mandating that banks use XRP as a liquidity solution — then 30% of this capital ($1.5 trillion) would be freed up for the U.S. government to buy 25 million bitcoin at $60,000 per bitcoin.

在該提案中，Staudinger指出，5萬億美元被鎖定在美國鼻戶帳戶（銀行用於跨境支付的帳戶）。他聲稱，如果創建了某些監管條件 - 包括將XRP歸類為支付網絡的SEC，美國司法部（DOJ）為銀行提供法律許可使用XRP，而美聯儲則要求銀行使用XRP作為流動性解決方案 - 然後將這筆資本的30％（1.5億美元）釋放給美國政府（1.5億美元），以購買2500萬美元的$ 25000億美元。

So, let’s break down why this makes little sense.

因此，讓我們分解為什麼這沒什麼意義。

First, Nostro accounts are simply bank accounts that U.S. banks hold in foreign countries. I’m not sure what sort of logic includes these domestic banks turning over the U.S. dollars that XRP would theoretically replace to the Federal government so that these dollars could then be used to acquire bitcoin on behalf of the government.

首先，Nostro帳戶只是美國銀行在國外持有的銀行帳戶。我不確定哪種邏輯包括這些國內銀行將XRP理論上替換為聯邦政府的美元，以便可以用這些美元代表政府購買比特幣。

Second, the proposal doesn't offer details on how these domestic banks would obtain the XRP that would replace the dollars. It only seems logical that they’d have to purchase the XRP, leading to XRP absorbing this $1.5 trillion, not bitcoin. Even if Ripple, XRP’s issuer, wanted to simply give these banks XRP to use, this still wouldn’t work, as it only holds about $100 billion in XRP — far short of $1.5 trillion.

其次，該提案沒有提供有關這些國內銀行將如何獲得XRP取代美元的詳細信息。他們必須購買XRP似乎是合乎邏輯的，這導致XRP吸收了1.5萬億美元，而不是比特幣。即使XRP的發行人Ripple想要簡單地將這些銀行XRP使用，但這仍然行不通，因為它僅持有約1000億美元的XRP，遠低於1.5萬億美元。

Third, even if bitcoin’s price were to dip to $60,000, the price would begin increasing immediately as the U.S. government began purchasing the 25 million bitcoin.

第三，即使比特幣的價格下跌至60,000美元，隨著美國政府開始購買2500萬比特幣，價格也會立即上漲。

Lastly, there’s a hard cap of 21 million bitcoin (and approximately 4 million have been lost), which is a well-known fact in the Bitcoin or crypto space. Therefore, it’s quite silly to suggest that the U.S. government could buy 25 million bitcoin. If the author were even a half-serious person, he might have suggested that the government buy 15 million bitcoin at $100,000 per bitcoin (though the math still wouldn’t work out).

最後，硬帽子的硬股比特幣（大約有400萬件丟失了），這在比特幣或加密貨幣空間中是一個眾所周知的事實。因此，建議美國政府可以購買2500萬比特幣是非常愚蠢的。如果作者甚至是一個嚴肅的人，他可能建議政府以每比特幣100,000美元的價格購買1500萬比特幣（儘管數學仍然無法解決）。

Given how faulty the logic behind this proposal is, it’s difficult to consider XRP a strategic asset. Plus, why would the U.S. government do so when two thirds of the supply is still in the hands of the organization that issued the asset? It doesn’t make much sense.

鑑於該提案背後的邏輯多麼錯誤，因此很難將XRP視為戰略資產。另外，當供應的三分之二仍掌握在發行資產的組織手中時，美國政府為什麼要這樣做？這沒什麼意義。

Bitcoin, on the other hand, is a globally distributed asset that many around the world use as both money and a store of value. Plus, the Bitcoin network is governed by tens of thousands of nodes and is virtually impenetrable, thanks to the approximately 0.4% of the world’s energy that protects it. (The XRP network is governed by 828 nodes and isn’t protected by any amount of energy.) Theses factors make bitcoin a logical reserve asset, which is how the U.S. government now officially classifies it.

另一方面，比特幣是全球分配的資產，世界上許多人都用作金錢和價值存儲。另外，由於世界上約0.4％的保護它的能量，比特幣網絡受數万個節點的約束，幾乎是無法穿透的。 （XRP網絡由828個節點管轄，並且不受任何能源的保護。）這些因素使比特幣成為邏輯儲備資產，這就是美國政府現在正式對其進行正式分類的方式。

So, hopefully, the SEC already understands what I’ve outlined in this piece and doesn’t spend much time even considering Mr. Staudinger’s proposal.

因此，希望SEC已經了解了我在這篇文章中概述的內容，甚至考慮了Staudinger先生的提議，也不會花費太多時間。

This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

本文是一個觀點。表達的觀點完全是作者的觀點，不一定反映了BTC Inc或比特幣雜誌的觀點。