这就是比特币和加密货币继续存在的原因

距离唐纳德·特朗普重新当选总统仅十天，世界终于承认比特币在未来数字经济中的合法（甚至核心）作用。

As Donald Trump edges closer to reclaiming the presidency, the world is finally waking up to bitcoin’s legitimate (and even central) role in the future digital economy.

随着唐纳德·特朗普 (Donald Trump) 距离夺回总统宝座越来越近，世界终于意识到比特币在未来数字经济中的合法（甚至核心）作用。

The broader ‘crypto’ world, however, remains mired in skepticism for many. Gary Gensler – the soon-to-exit chairman of the Securities and Exchange Commission (SEC) – is no bitcoin fan, but still believes the distinction between BTC and “the rest” is appropriate.

然而，对于许多人来说，更广泛的“加密”世界仍然深陷怀疑之中。即将卸任的美国证券交易委员会 (SEC) 主席加里·詹斯勒 (Gary Gensler) 并不是比特币粉丝，但仍然认为 BTC 与“其他”之间的区别是适当的。

“The public knows a lot about bitcoin… and then there’s everything else,” he said in a recent interview with Bloomberg. “I’ve never seen a field that’s so much wrapped up in sentiment, and not so much about fundamentals. These ten thousand to fifteen thousand projects, many of them will not survive.”

“公众对比特币了解很多......然后还有其他一切，”他在最近接受彭博社采访时表示。 “我从未见过一个领域如此关注情绪，而不是基本面。这万到一万五千个项目，很多都无法生存。”

While Gensler's assessment has merit, the idea that crypto is merely a speculative playground with no fundamental value is both neglectful and outdated. There are plentiful reasons for bitcoin and tokens beyond it to exist alongside each other and carry lasting value.

虽然 Gensler 的评估有其道理，但认为加密货币只是一个没有基本价值的投机游乐场的想法既是忽视的也是过时的。比特币和其他代币有充分的理由共存并具有持久的价值。

The public deserves to know the nature of such assets. Here are just a few of them:

公众应该了解此类资产的性质。以下只是其中的一些：

Bitcoin: Digital Gold

比特币：数字黄金

Launched in 2009, bitcoin introduced the world to blockchain technology and created the first truly digital, decentralized monetary system.

比特币于 2009 年推出，向世界介绍了区块链技术，并创建了第一个真正的数字化、去中心化货币系统。

With its fixed supply of 21 million coins and robust security through proof-of-work mining, Bitcoin has established itself as "digital gold" – a permanent, predictable store of value and hedge against inflation.

凭借 2100 万枚硬币的固定供应量以及通过工作量证明挖矿实现的强大安全性，比特币已将自己确立为“数字黄金”——一种永久的、可预测的价值储存手段和对冲通胀的手段。

This remains Bitcoin's primary use case, as institutional investors and even nations are now adding it to their balance sheets.

这仍然是比特币的主要用例，因为机构投资者甚至国家现在都将其添加到资产负债表中。

With President-elect Donald Trump promising to establish a “strategic national bitcoin stockpile” to help tackle the nation’s debt, the United States could soon be among them.

随着当选总统唐纳德·特朗普承诺建立“国家战略比特币储备”以帮助解决国家债务问题，美国可能很快就会成为其中之一。

Stablecoins: Digital Dollars

稳定币：数字美元

Stablecoins like USDC and USDT maintain a 1:1 peg with the U.S. dollar, combining the stability of fiat currency with the efficiency of blockchain technology. These have become highly popular for International remittances, crypto trading, cross-border business transactions, and DeFi (decentralized finance) applications.

USDC和USDT等稳定币与美元保持1:1的挂钩，将法定货币的稳定性与区块链技术的效率结合起来。这些在国际汇款、加密货币交易、跨境商业交易和 DeFi（去中心化金融）应用中变得非常流行。

Stablecoins see some of their strongest adoption in developing nations like Nigeria, where access to traditional banking is limited, yet demand for USD is high to escape the devaluation of citizens’ local currency. A report from Castle Island Ventures last year found that over 77% of Nigerians held more than 10% of their assets in stablecoins.

稳定币在尼日利亚等发展中国家得到了最广泛的采用，这些国家传统银行业务的使用受到限制，但为了避免公民当地货币贬值，对美元的需求很高。 Castle Island Ventures 去年的一份报告发现，超过 77% 的尼日利亚人持有超过 10% 的资产为稳定币。

Digital Securities

数字证券

Security tokens represent ownership in real-world assets, from real estate to company shares. These are digital versions of traditional securities, regulated under existing securities laws but benefiting from blockchain's efficiency and transparency.

安全代币代表了现实世界资产的所有权，从房地产到公司股票。这些是传统证券的数字版本，受现有证券法监管，但受益于区块链的效率和透明度。

One example includes BlackRock’s first tokenized fund launched last year, giving institutional investors on-chain access to US dollar yields.

一个例子包括贝莱德去年推出的第一只代币化基金，让机构投资者能够在链上获得美元收益。

Utility Tokens

实用代币

Many cryptocurrencies function as utility tokens, which serve specific purposes within their respective ecosystems.

许多加密货币充当实用代币，在各自的生态系统中服务于特定目的。

Gas tokens, for example, are used to pay for computation and transaction processing on blockchain networks. Ethereum's ETH is the most well-known example, required for all transactions on the Ethereum network.

例如，天然气代币用于支付区块链网络上的计算和交易处理费用。以太坊的 ETH 是最著名的例子，以太坊网络上的所有交易都需要它。

Such tokens often also double function as staking tokens. Examples include ADA (Cardano) and SOL (Solana), where token holders can "stake" their assets to validate transactions and maintain network consensus.

此类代币通常还具有质押代币的双重功能。例子包括 ADA (Cardano) 和 SOL (Solana)，代币持有者可以“抵押”其资产来验证交易并维持网络共识。

Meanwhile, “governance tokens” give holders voting power over a given blockchain protocol, with its community of holders collectively known as “decentralized autonomous organizations.” Uniswap, a the world’s largest decentralized exchange, uses UNI as its governance token.

与此同时，“治理代币”赋予持有者对特定区块链协议的投票权，其持有者社区统称为“去中心化自治组织”。 Uniswap是全球最大的去中心化交易所，使用UNI作为其治理代币。

Memecoins: The Speculative Side

Memecoin：投机的一面

In an online investment community where members so often call themselves “degens,” it would be disingenuous not to acknowledge how speculative the crypto market is.

在一个成员经常称自己为“堕落者”的在线投资社区中，不承认加密货币市场的投机性是不诚实的。

Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB), while starting as jokes, have attracted significant investment and created entire communities. While these may seem frivolous, they've demonstrated the power of social coordination and community-driven value creation in the digital age. For many, they are a fun and community-driven form of gambling.

像狗狗币（DOGE）和柴犬币（SHIB）这样的模因币虽然一开始只是个笑话，但已经吸引了大量投资并创建了整个社区。虽然这些看似无聊，但它们展示了数字时代社会协调和社区驱动的价值创造的力量。对于许多人来说，它们是一种有趣且由社区驱动的赌博形式。

To the surprise of many, DOGE is one of the only assets in crypto to keep pace with Bitcoin’s performance over multiple four-year crypto market cycles.

令许多人惊讶的是，DOGE 是加密货币中唯一在多个四年加密货币市场周期中与比特币表现保持同步的资产之一。

The Revolution Beyond Tokens

超越代币的革命

Focusing solely on cryptocurrencies as tokens misses the bigger picture. Their underlying blockchain technology represents a fundamental shift in how we can structure digital ownership, whether it relates to financial assets, data, or your identity.

仅关注加密货币作为代币会错过更大的前景。他们的底层区块链技术代表了我们如何构建数字所有权的根本性转变，无论它与金融资产、数据还是您的身份有关。

The real innovation is the ability to maintain a single, shared source of truth across a distributed network without requiring trust in any central authority. This has implications for supply chain management, healthcare records, intellectual property rights, voting systems, and much more.

真正的创新是能够在分布式网络中维护单一、共享的事实来源，而无需信任任何中央机构。这对供应链管理、医疗记录、知识产权、投票系统等都有影响。

Many of today's cryptocurrencies will likely fade away, just as many early internet companies didn't survive the dot-com bubble. However, digital asses and their core use cases – from digital store of value to programmable money to decentralized computing

当今的许多加密货币可能会消失，就像许多早期的互联网公司未能在互联网泡沫中幸存下来一样。然而，数字资产及其核心用例——从数字价值存储到可编程货币再到去中心化计算