Stablecoins是將CBDC走私到我們系統的特洛伊木馬

人們喜歡將比特幣稱為特洛伊木馬，我們將把比特幣走私到傳統金融體系和政府中。穩定幣是特洛伊木馬

The author, Hasu, begins by discussing the Trojan Horse analogy often used for Bitcoin in the context of smuggling it into the legacy financial system and government. He then introduces stablecoins as a Trojan Horse that has already been successfully smuggled into our system.

作者HASU首先討論了在將其走私到舊版金融體系和政府的背景下經常用於比特幣的特洛伊木馬類比。然後，他將Stablecoins介紹為已成功地走私到我們系統的特洛伊木馬。

While stablecoins are heralded by some as a savior for the developing world, offering an escape hatch from decrepit financial systems and local currency risks, the author argues that the focus should be on the nature of the trap itself.

儘管有些人將stablecoins宣佈為發展中國家的救世主，從而提供了衰老金融系統和當地貨幣風險的逃生艙口，但作者認為，重點應該放在陷阱本身的性質上。

The majority of significant stablecoin volume occurs on highly centralized blockchains, issued through smart contracts that are controlled by a single party - the issuer. This grants them the power to arbitrarily freeze or confiscate any outstanding stablecoin tokens.

大部分大量的穩定量都發生在高度集中的區塊鏈上，這些區塊鍊是由由單個方（發行人）控制的智能合約發布的。這使他們有權任意凍結或沒收任何未償還的穩定令牌。

These blockchains also largely operate on an account model, tying every transaction a user makes to a single public address, rendering the user's full transactional history visible with a single glance.

這些區塊鏈也很大程度上在帳戶模型上運行，將用戶與單個公共地址進行的每筆交易聯繫在一起，從而使用戶的完整交易歷史記錄可見。

Further compounding this lack of privacy, the software that general users interact with is largely limited to wallets that connect to one of a few highly centralized servers, tying a user's IP address to their account.

更加複雜這種缺乏隱私的情況，普通用戶與之交互的軟件在很大程度上僅限於連接到幾個高度集中式服務器之一的錢包，將用戶的IP地址與他們的帳戶聯繫在一起。

The author views this as a trap, and asserts that the U.S. does not need a CBDC as it already has US Dollar stablecoins which serve a similar purpose and are ultimately under the government's thumb due to the necessity of interacting with the legacy financial system to hold actual dollars and treasuries.

作者將其視為陷阱，並斷言美國不需要CBDC，因為它已經具有美元穩定股，因為它具有類似的目的，並且最終在政府的拇指下，因為有必要與傳統金融體系互動以持有實際的美元和國庫。

He concludes by posing the question of how people can accept the prospect of CBDCs which are largely viewed negatively by the majority, yet favor the same principles being applied by stablecoins which are already highly used and viewed favorably.

他的總結是提出一個問題，即人們如何接受CBDC的前景，而CBDC的前景很大程度上受到了大多數人的負面看法，但他偏愛已經被高度使用並受到優惠的stablecoins所採用的相同原則。