比特币减半引发交易费用飙升，重新引发黄金代币化争论

比特币减半导致交易费用飙升和确认时间过长，引发了黄金倡导者彼得·希夫的批评。希夫认为，代币化黄金凭借其近乎即时的确认和可忽略不计的交易成本，将超越比特币的功能。然而，实物黄金的代币化会带来交易对手风险，而比特币的去信任模型解决了这个问题。

Bitcoin Halving Triggers Surge in Transaction Fees, Reignites Debate on Gold Tokenization

比特币减半引发交易费用飙升，重新引发关于黄金代币化的争论

April 22, 2024

2024 年 4 月 22 日

The highly anticipated fourth Bitcoin halving, which occurred on April 20, has triggered a significant increase in transaction fees and network congestion, prompting renewed skepticism from proponents of gold tokenization.

4 月 20 日发生的备受期待的第四次比特币减半引发了交易费用的大幅增加和网络拥堵，引发了黄金代币化支持者的新怀疑。

Following the halving event, Bitcoin's block reward for miners was reduced from 6.25 BTC to 3.125 BTC, intensifying competition among miners and exacerbating network congestion. As a result, average transaction fees skyrocketed to an all-time high of $127.97 on April 20, far exceeding previous records.

减半事件发生后，比特币对矿工的区块奖励从 6.25 BTC 减少至 3.125 BTC，加剧了矿工之间的竞争，加剧了网络拥堵。结果，平均交易费用在 4 月 20 日飙升至 127.97 美元的历史新高，远超之前的记录。

Criticisms of Bitcoin post-Halving

对比特币减半后的批评

Peter Schiff, a prominent gold proponent and outspoken critic of Bitcoin, seized upon the post-halving fee surge to criticize the cryptocurrency as a "failure." He argued that gold tokenization, or representing physical gold as a digital asset on a blockchain, would be superior to Bitcoin.

著名的黄金支持者和比特币的直言不讳的批评者彼得·希夫（Peter Schiff）抓住减半后费用飙升的机会，批评加密货币是“失败”。他认为，黄金代币化，或者将实物黄金表示为区块链上的数字资产，将优于比特币。

According to Schiff, tokenized gold would offer near-instantaneous confirmations and minimal transaction fees, addressing the shortcomings currently faced by Bitcoin's scalability. He dismissed the notion that gold is impractical as a currency due to its physical form, asserting that tokenization would provide the same digital transportability as Bitcoin.

希夫表示，代币化黄金将提供近乎即时的确认和最低的交易费用，从而解决比特币可扩展性目前面临的缺点。他驳斥了黄金因其物理形式而作为货币不切实际的观点，并声称代币化将提供与比特币相同的数字可运输性。

Counterarguments and Rebuttals

反驳和反驳

However, Schiff's claims were met with counterarguments from Bitcoin supporters. Magoo PhD, an X influencer, highlighted the inherent trust required in third parties to store and custody physical gold in the context of tokenization, introducing counterparty risk that Bitcoin's trustless model eliminates.

然而，希夫的说法遭到了比特币支持者的反驳。 X 影响者 Magoo 博士强调了在代币化背景下第三方存储和保管实物黄金所需的固有信任，引入了比特币的去信任模型消除的交易对手风险。

Furthermore, Magoo PhD pointed to a previous exchange in 2022, where he had explained to Schiff the pitfalls of tokenized gold, including the potential for market manipulation and the lack of a clear regulatory framework.

此外，Magoo 博士还提到了 2022 年的一次交易所，当时他向 Schiff 解释了代币化黄金的陷阱，包括市场操纵的可能性和缺乏明确的监管框架。

The Ongoing Debate: Gold vs. Bitcoin

持续的争论：黄金与比特币

The debate over the merits of gold versus Bitcoin as a superior form of money has been ongoing for years. While Schiff advocates for gold's inherent value and stability, Bitcoin proponents emphasize its digital nature, scarcity, and global acceptance.

关于黄金与比特币作为一种高级货币形式的优点的争论已经持续多年。希夫主张黄金的内在价值和稳定性，而比特币支持者则强调其数字性质、稀缺性和全球接受度。

Network Fee Spike and Future Implications

网络费用飙升及未来影响

The post-halving fee surge has raised concerns about the sustainability of Bitcoin's network as it seeks to scale to accommodate increasing transaction volume. The fee spike has created a divide between large-scale investors, who can afford to pay higher fees, and smaller balance holders, who may be priced out of the network.

减半后的费用激增引发了人们对比特币网络可持续性的担忧，因为比特币网络寻求扩展以适应不断增长的交易量。费用飙升在有能力支付更高费用的大型投资者和可能因价格过高而被排除在网络之外的小型余额持有者之间造成了分歧。

Potential Divide in Bitcoin Community

比特币社区的潜在分歧

High transaction fees could potentially create a divide within the Bitcoin community, with small balance holders feeling marginalized as transaction costs become prohibitive. This could impact the accessibility and usability of Bitcoin as a currency, particularly for everyday transactions.

高额交易费用可能会在比特币社区内部造成分歧，随着交易成本变得过高，小额余额持有者会感到被边缘化。这可能会影响比特币作为货币的可访问性和可用性，特别是对于日常交易。

Market Outlook

市场展望

Despite the post-halving fee surge, institutional investors appear undeterred from accumulating Bitcoin, driven by the belief that the long-term value proposition remains intact. However, the scalability question casts uncertainty over Bitcoin's ability to achieve widespread adoption as a global currency.

尽管减半后费用激增，但机构投资者似乎并没有被阻止积累比特币，因为他们相信长期价值主张仍然完好无损。然而，可扩展性问题给比特币作为全球货币广泛采用的能力带来了不确定性。

Conclusion

结论

The Bitcoin halving has triggered a surge in transaction fees and network congestion, exacerbating the debate between proponents of gold tokenization and Bitcoin. While the ideological divide over what constitutes superior money seems unlikely to be bridged, the scalability challenges facing Bitcoin present a significant hurdle to its widespread adoption.

比特币减半引发了交易费用激增和网络拥堵，加剧了黄金代币化和比特币支持者之间的争论。虽然关于什么是优质货币的意识形态分歧似乎不太可能弥合，但比特币面临的可扩展性挑战对其广泛采用构成了重大障碍。