比特币的价值：超越市场波动和价格标签

比特币的价值通常仅根据其价值来评估，但法定货币则根据可用性和利率等多种因素进行评估。比特币还应该根据更广泛的标准进行评估，例如其安全性、交易速度和易用性。

Bitcoin's Value: Assessing a Digital Currency Beyond Its Price

比特币的价值：超越其价格来评估数字货币

In the realm of finance, fiat currencies undergo rigorous evaluation based on a myriad of factors, ranging from usability and trustworthiness to interest rates and demand. It is only fair that Bitcoin, the enigmatic digital currency, be subjected to a similarly comprehensive assessment.

在金融领域，法定货币根据多种因素进行严格的评估，从可用性和可信度到利率和需求。比特币这种神秘的数字货币接受类似的全面评估是公平的。

Beyond Market Fluctuations

超越市场波动

The media has often fixated on Bitcoin's value, reducing it to a mere metric that fluctuates with each market movement. Headlines trumpet the impact of milestones like the launch of ETFs, as if Bitcoin's worthiness were solely determined by its price on any given day. Such a narrow view is both simplistic and misleading.

媒体经常关注比特币的价值，将其简化为随每次市场变动而波动的指标。头条新闻大肆宣扬 ETF 推出等里程碑事件的影响，就好像比特币的价值完全取决于其在任何一天的价格一样。这种狭隘的观点既简单化又具有误导性。

In contrast, traditional currencies like the euro can experience significant fluctuations in value without undermining their validity as mediums of exchange. In November 2022, the euro depreciated by 7% against the US dollar, yet the currency's functionality remained intact. This is because the euro, even at a depreciated value, retains its utility as a convenient and widely accepted payment method.

相比之下，欧元等传统货币可能会经历大幅的价值波动，但不会损害其作为交换媒介的有效性。 2022年11月，欧元兑美元贬值7%，但货币功能完好无损。这是因为，即使欧元贬值，它仍保留其作为一种方便且被广泛接受的支付方式的效用。

A Multifaceted Appraisal

多方面的评估

To truly assess Bitcoin's value, we must expand our perspective beyond price alone. Similar to fiat currencies, Bitcoin's worth can be measured through a range of indicators:

为了真正评估比特币的价值，我们必须将视野扩展到价格之外。与法定货币类似，比特币的价值可以通过一系列指标来衡量：

• Validator Fees: For network validators, Bitcoin's value is intertwined with gas fees, which represent the compensation they receive for maintaining the integrity of the network. Last year, gas fees reached an unprecedented high of $40, reflecting the surge in demand and transaction volumes.
• Security: The security of a currency is a crucial factor for businesses considering its adoption. In Bitcoin's case, security is related to the strength of its proof-of-work protocol, which has garnered attention from the US House Force as a potential foundation for national defense systems.
• Transaction Costs: Gas fees also serve as a gauge for the cost of transacting using Bitcoin. Higher gas fees indicate increased scrutiny and vigilance within the decentralized system, as well as heightened demand.
• Staking Interest: The advent of Bitcoin staking will introduce a new dimension to its value proposition: the potential to earn interest on dormant Bitcoin tokens. This feature, previously exclusive to other blockchains, allows Bitcoin holders to put their tokens to work and generate passive income.
• Layer-2 Technology: Bitcoin layer-2 technology will facilitate the staking of unused Bitcoin, enabling it to be put to work in a similar manner to fiat currencies in savings accounts. As more individuals recognize the utility of Bitcoin, the confidence in the currency will grow, leading to an increase in the Bitcoin interest rate.

The True Measure of Worth

验证者费用：对于网络验证者来说，比特币的价值与汽油费交织在一起，汽油费代表了他们为维护网络完整性而获得的补偿。去年，汽油费达到了前所未有的高位 40 美元，反映了需求和交易量的激增。 安全性：货币的安全性是企业考虑采用货币的关键因素。就比特币而言，安全性与其工作量证明协议的强度有关，该协议作为国防系统的潜在基础而受到美国众议院的关注。 交易成本：天然气费也可作为成本衡量标准使用比特币进行交易。较高的汽油费表明去中心化系统内的审查和警惕性增强，以及需求增加。 质押利息：比特币质押的出现将为其价值主张引入一个新的维度：通过休眠的比特币代币赚取利息的潜力。这一功能以前是其他区块链独有的，允许比特币持有者将其代币投入使用并产生被动收入。 第二层技术：比特币第二层技术将促进未使用的比特币的质押，使其能够在与储蓄账户中的法定货币类似。随着越来越多的人认识到比特币的实用性，对该货币的信心将会增强，从而导致比特币利率上升。 价值的真正衡量标准

Ultimately, the true measure of any currency lies in its usability – the ease with which it can facilitate the exchange of goods and services. Bitcoin is actively evolving towards enhanced ease of use, despite facing resistance from legacy actors such as regulators and central banks.

最终，任何货币的真正衡量标准在于其可用性——它促进商品和服务交换的难易程度。尽管面临监管机构和央行等传统参与者的抵制，比特币仍在积极朝着增强易用性的方向发展。

The remarkable aspect of Bitcoin is that it requires no mandatory adoption, no disclosure of personal information to third parties, and offers lower transaction costs than most fiat-based cross-border payments.

比特币的显着之处在于，它不需要强制采用，不需要向第三方披露个人信息，并且比大多数基于法定的跨境支付提供更低的交易成本。

In the words of Mastercard's iconic slogan, for all these reasons, the true value of Bitcoin is "priceless."

用万事达卡标志性口号的话来说，由于所有这些原因，比特币的真正价值是“无价的”。

About the Author

关于作者

Jonathan is currently the Global Head of Growth at the Web3 ecosystem, Elastos. He oversees marketing, business development, investment, and ecosystem strategies. With a background in corporate communications and technology marketing, Jonathan has pivoted his focus to Web3 innovation through his roles at Elastos and CreDA.

Jonathan 目前是 Web3 生态系统 Elastos 的全球增长主管。他负责监督营销、业务开发、投资和生态系统战略。 Jonathan 拥有企业传播和技术营销背景，通过在 Elastos 和 CreDA 的工作，将重点转向 Web3 创新。