MicroStrategy的Saylor专注于比特币的价值存储是错误的，而不是其交换角色的媒介

迈克尔·塞勒（Michael Saylor），您被迫意识到所有值得一提的资产都是有缺陷的，并促使您专注于唯一的资产。

In a surprising turn of events, a Bitcoin supporter has penned a heartfelt message to Michael Saylor, urging him to shift his focus from Bitcoin as a store of value to its role as a medium of exchange. The supporter, who identifies as Ivan Makedonski, expressed his deep respect for Saylor's contributions to the Bitcoin community but argued that his SoV obsession is badly missing the mark.

令人惊讶的是，比特币支持者向迈克尔·塞勒（Michael Saylor）发了一个衷心的信息，敦促他将重点从比特币转变为价值存储，转变为其作为交流媒介的角色。这位认为是伊万·马克底斯基（Ivan Makedonski）的支持者表示，他对塞勒（Saylor）对比特币社区的贡献表示了深深的尊重，但他认为他的Sov痴迷不足以遗漏。

According to Makedonski, the biggest aspect of Bitcoin is the medium of exchange. Even though the fiat system increasingly separates money's functions, that doesn't mean it should. He further noted that while everyone is talking about how the housing market is huge when you look at it from one point of view and horrible when you look at it from another, if you experience pain driving you to keep your billions of dollars purchasing power, then housing is a decent tool to keep it.

根据Makedonski的说法，比特币的最大方面是交换的媒介。即使菲亚特系统越来越多地将钱的功能分开，但这并不意味着它应该。他进一步指出，虽然每个人都在谈论房屋市场在您从某个角度看待它时如何巨大，而当您从另一个角度看待房屋市场时，如果您遇到痛苦促使您保持数十亿美元的购买能力，那么住房是一个不错的工具，可以保留它。

"There's no store of value without a medium of exchange. The medium of exchange comes first; you receive a transaction, then you store the Bitcoin. If the store of value were the main point, imagine announcing that you lost the keys for your Bitcoin and it's still stored perfectly but without the medium of exchange function. The market will wipe out the fictional fiat value layered on top of it. That value is there precisely because it can move and still be used as a medium of exchange," wrote Makedonski.

“没有交换媒介就没有价值的存储。交换媒介首先；您会收到一笔交易，然后存储比特币。如果价值存储是主要点，想象一下，想象一下您宣布您为比特币而丢失了钥匙，它仍然可以完美地存储得很完美，但它仍然没有交换功能的媒介。市场将在其上的交换范围。 Makedonski。

He added: "An oxygen tank is crucial for reserves, but breathing is more important. The store of value is secondary and depends on the ability to transact. Without it, the store of value becomes meaningless. You, Michael, learned this firsthand when your million-dollar holdings in Argentina were diluted by 90%. You faced difficulties preserving the value not because you did not see it coming but because you couldn't easily use it as a medium of exchange."

他补充说：“一个氧气罐对于储备至关重要，但呼吸更为重要。储存是次要的，取决于交易的能力。没有它，价值的存储就变得毫无意义。当您在阿根廷在阿根廷的百万美元持有时，您就学会了这一第一手的股票，因为您不容易遇到的价值。

Wanting to express his thoughts further, Makedonski began making a list of his own. According to him, by now, most people exposed to Bitcoin know the chart from Jesse Mayers that you popularized, claiming there's no better idea than a $900 trillion clean store of value, then immediately call Bitcoin one of the world's most liquid markets, running 24/7/365.

想进一步表达自己的想法，Makedonski开始列出自己的清单。据他说，到目前为止，大多数接触比特币的人都知道杰西·梅耶斯（Jesse Mayers）的图表，这是您普及的，声称没有比900万亿美元清洁的价值商店更好的主意，然后立即将比特币称为世界上最液体市场，运行24/7/365。

"Liquidity means a medium of exchange. Now, let's break down the Jesse chart, starting with the housing market. It's valued at $330 trillion, but it's such a poor medium of exchange that it only trades for $1.3 trillion annually. Regulations and taxes make trading real estate even tougher. Still, since it's 100 times better as a store of value, billionaires prize it, increasingly dominating the market and pricing out younger generations," the Bitcoin supporter stated.

“流动性意味着一种交流的媒介。现在，让我们分解杰西图表，从房地产市场开始。它的价值为33万亿美元，但它的交易媒体如此糟糕，以至于每年以1.3万亿美元的价格交易。法规和税收。交易使交易更加艰难。比特币支持者说。

He continued: "A house might be valuable, but its worth grows not just from what it is but from its ties to nearby utilities. Build a road to it, and the value rises. Add a superstore or a gas station, or connect it to the electrical grid, and the value climbs again. The network creates opportunities for energy to flow into the area, boosting the chance to capture that energy as economic value, like money. So the exchanges that happen in the network are what increases the value of a house. But I see the flip side: if you're a billionaire and everyone's after your resources, you don't want a big network around your house. You'd prioritize privacy instead. The house might lose value, but the goal shifts to raising the cost for others to reach you, reducing the chance of being attacked."

他继续说：“房屋可能很有价值，但它的价值不仅源于它的含义，而且还从其与附近的公用事业之间的关系增长。建立一条道路，价值上升。增加一个超市或加油站，或将其连接到电网，价值再次攀升，并再次攀升。网络可以促进能源的机会，使能量越来越流动到货币上，货币越来越有价值。我的价值，但我看到了另一方面：如果您是亿万富翁，并且每个人都在您的资源之后，那么您不希望您的房屋中的大型网络。

Makedonski went on to note that the bond market is valued at $300 trillion as a store of value, with $140 trillion traded yearly plus $25 trillion in new bond issuance. That means the medium of exchange value is about 50% of its total value annually. It's better than houses in that sense, but the numbers still show people primarily use it as a store of value.

Makedonski继续指出，债券市场的价值为300万亿美元，每年1400万亿美元，以及25万亿美元的新债券发行。这意味着交换价值的媒介约为其每年总值的50％。从这个意义上讲，它比房屋好，但是数字仍然显示人们主要将其用作价值存储。

Next up are equities, valued at $115 trillion and traded for about $175 trillion. This shows their strength as a medium of exchange exceeds their store of value role. Take your MicroStrategy (NASDAQ:MCRY) stock—you know it better than anyone. How much value did it store last year, and how much was exchanged through it? The next two sections are interesting. The art industry's yearly transactions are so minor that they don't even register on the chart. Meanwhile, the cars and collectibles sector sees trading volumes of nearly $4 trillion annually. This highlights that they're mostly seen as a store of value each year, but it also reveals how poorly the housing market performs as a medium of exchange—outdone even by the car market.

接下来是股票，价值115万亿美元，交易约175万亿美元。这表明他们作为交换媒介的力量超出了其价值角色的存储。以您的MicroStrategy（NASDAQ：MCRY）股票（您比任何人都更了解它）。去年它存储了多少价值，通过它交换了多少？接下来的两个部分很有趣。艺术行业的年度交易非常小，以至于他们甚至没有在图表上注册。同时，汽车和收藏品领域的交易量每年近4万亿美元。这突显了它们每年都被视为价值存储，但它也揭示了住房市场作为交流媒介的表现，即使是汽车市场也是如此。

"Oooooh, gold! Gold bugs rave that it's been around for over 5,000 years, calling it the

“哦，黄金！黄金虫子已经存在了5000多年，称其为