比特币最大化主义者的悖论

当比特币由主要机构主导时（比特币爱好者正在寻求总统候选人的批准），我们就面临着创建中心化的危险

Bitcoin was created in the aftermath of the Great Financial Crisis as a people’s currency, designed to bypass the manipulation and mismanagement of the financial system by governments, financial institutions and special interest groups.

比特币是在金融危机之后作为一种人民货币而诞生的，旨在绕过政府、金融机构和特殊利益集团对金融体系的操纵和管理不善。

But as the dust settles and institutions begin to show interest in crypto, a paradox emerges within the Bitcoin maximalist community – that of believing in the ideals and purpose of Bitcoin, yet celebrating and depending upon the very institutions Bitcoin was built to circumvent.

但随着尘埃落定，机构开始对加密货币表现出兴趣，比特币极端主义社区中出现了一个悖论——相信比特币的理想和目的，但却庆祝并依赖比特币旨在规避的机构。

With governments, ETFs dominated by financial institutions, corporations and major whales adding to their share on every price correction, the increasing concentration of Bitcoin is undeniable. Today, the top 15 holders of BTC possess about 7.5% of the total supply.

随着政府、金融机构主导的 ETF、企业和大型鲸鱼在每次价格调整时增加其份额，比特币的日益集中化是不可否认的。如今，比特币前 15 位持有者约占总供应量的 7.5%。

As governments and Wall Street squeeze in on crypto and influence its volatility, while the decisions of central banks on interest rates zig-zag the price of Bitcoin in high single digits within hours, can we still walk the original path?

随着政府和华尔街对加密货币的挤压并影响其波动性，而央行的利率决策在数小时内使比特币的价格出现高个位数的波动，我们还能走原来的路吗？

Or are we heading toward a dead-end through excess enthusiasm? The fact that Trump’s proposal in Nashville to make Bitcoin a strategic reserve excited the crypto community might be telling of where we’re at.

还是我们因过度的热情而走向死胡同？特朗普在纳什维尔提出的将比特币作为战略储备的提议让加密社区兴奋不已，这一事实可能说明了我们所处的位置。

Institutional activity signals “major gains” the everyday holder of Bitcoin. Promises of financial gains are overriding any allegiance to decentralized principles. There is an emanating “look the other way" that neglects the very real scenario in which Bitcoin becomes indistinguishable from a traditional financial asset.

机构活动标志着比特币日常持有者的“重大收益”。经济收益的承诺凌驾于任何对去中心化原则的忠诚之上。有一种“另眼相看”的态度，忽视了比特币与传统金融资产变得难以区分的真实场景。

We saw lines blur with Venezuela’s attempt to support the Bolivar with their self-created Petro-cryptocurrency back in 2018. Whilst thwarted, plenty of other power-grabbing initiatives are clearly unfolding at an alarming rate. The government of El Salvador is buying one Bitcoin a day; the FBI recently uncovered North Korea’s fraudulent social engineering schemes to steal Bitcoin from their people; U.S-based MicroStrategy holds nearly 250,000 Bitcoins.

早在 2018 年，委内瑞拉就试图用自己创建的石油加密货币来支持玻利瓦尔，我们看到这一点的界限变得模糊。虽然受到挫败，但许多其他夺取权力的举措显然正在以惊人的速度展开。萨尔瓦多政府每天购买一个比特币；美国联邦调查局 (FBI) 最近揭露了朝鲜的欺诈性社会工程计划，旨在从其人民那里窃取比特币；总部位于美国的 MicroStrategy 持有近 250,000 个比特币。

Soon, Bitcoin may be inseparable from the influence of traditional capital markets. When the Bitcoin price moves in sync with stocks and interest rates, we’re in a dangerous place. Failure to curtail growing institutional influence on Bitcoin could result in centralized decentralized finance. Yes, in case you’ve not considered it: Ce-DeFi is a reality that we’re facing.

很快，比特币可能就离不开传统资本市场的影响。当比特币价格与股票和利率同步变动时，我们就处于危险的境地。如果不能遏制比特币日益增长的机构影响力，可能会导致中心化的去中心化金融。是的，如果您没有考虑过：Ce-DeFi 是我们面临的现实。

At ground level, this could extend to institutional influence over mining operations and node providers, undermining principles of distributed control. If corporate interests meld into blockchains themselves, not just into cryptocurrencies, ecosystems could become susceptible to

在底层，这可能会延伸到对挖矿业务和节点提供商的机构影响，从而破坏分布式控制的原则。如果企业利益融入区块链本身，而不仅仅是加密货币，生态系统可能会变得容易受到影响

data manipulation and censorship measures. Big top-down decisions could start to compromise privacy and pseudonymity customs. Eventually regulatory advances could yield.

数据操纵和审查措施。自上而下的重大决策可能会开始损害隐私和匿名习惯。最终，监管方面的进步可能会产生效果。

However, dystopia is not an inevitable outcome. The onus to act, with purpose, still lies with crypto natives, and more specifically those who claim to be Bitcoin maximalists. While institutional dominion is a problem, the more immediate problem is the lack of acceptance that Bitcoin is a people’s currency. The sooner it is accepted that Bitcoin may be treated like any other asset, the sooner that full focus can be given to maximizing its value for everyone. If global crypto adoption is to truly manifest, minds must change and grassroots action must be taken.

然而，反乌托邦并不是必然的结果。有目的地采取行动的责任仍然在于加密货币原住民，更具体地说，是那些自称比特币最大化主义者的人。虽然制度统治是一个问题，但更紧迫的问题是人们不承认比特币是一种人民货币。越早接受比特币可以像任何其他资产一样对待，就能越早全神贯注于最大化其对每个人的价值。如果要真正体现全球加密货币的采用，就必须改变思想并采取基层行动。

Crypto investors, innovators, and influencers must recognize their power. Their decisions can greatly influence the market in ways that extend beyond their investments. Through the projects they interact with, the way they talk about crypto, and the information that they seek and share, Bitcoin’s sovereign potential can still be championed. Open-source initiatives that target core communities must be propagated sufficiently. Those such as the OpenSats Education Initiative, a grant-oriented scheme that delivers educational content for all levels of expertise, encourage people to obtain knowledge rather than chase profits. It is ultimately the expansion of knowledge that will birth new innovative utilities of Bitcoin and drive its value to a greater degree than investment can.

加密货币投资者、创新者和影响者必须认识到他们的力量。他们的决定可以以超出其投资范围的方式极大地影响市场。通过他们互动的项目、他们谈论加密货币的方式以及他们寻求和分享的信息，比特币的主权潜力仍然可以得到维护。针对核心社区的开源举措必须得到充分宣传。 OpenSats 教育计划等项目是一项以赠款为导向的计划，为各个级别的专业知识提供教育内容，鼓励人们获取知识而不是追逐利润。最终，知识的扩展将催生比特币新的创新效用，并比投资更大程度地推动其价值。

In placing open-source projects at the front and center, blockchain technology is kept accessible to everyone, in spite of rising institutional investment. Crypto enthusiasts and everyday investors will always maintain sovereignty over the initiatives that they engage with. They must thus be diligent in favoring those that promote decentralized principles.

尽管机构投资不断增加，但通过将开源项目置于前沿和中心，每个人都可以使用区块链技术。加密货币爱好者和日常投资者将始终对他们参与的举措保持主权。因此，他们必须努力支持那些提倡去中心化原则的人。

Expanding decentralized governance

扩大去中心化治理

Decentralized governance as a notion is the most transformative quality of blockchain technology. Of course, the intended revolution is centered in finance, but the industry must not pass on the chance to change how systems are governed. In fact, the risk of institutions dominating Bitcoin should inspire the community to double-down on innovating governance models. This could include more participation in Bitcoin Improvement Proposals (BIPs), where anyone can propose changes to the Bitcoin protocol. Individuals must use their power to influence decisions as often as possible.

去中心化治理作为一个概念是区块链技术最具变革性的品质。当然，预期的革命集中在金融领域，但该行业绝不能放弃改变系统治理方式的机会。事实上，机构主导比特币的风险应该会激励社区加倍创新治理模式。这可能包括更多地参与比特币改进提案（BIP），任何人都可以提出对比特币协议的更改。个人必须尽可能多地利用自己的权力影响决策。

Social media's ability to influence public opinion has to be leveraged persistently. Popular crypto influences have to take responsibility for the content they create. It must increasingly emphasize Bitcoin's decentralized, censorship-resistant origins. Audiences should be constantly reminded that Bitcoin is a tool for financial freedom, not profit maximization. Strengthening values that naturally repel institutionalized control will drive people

必须持续利用社交媒体影响公众舆论的能力。流行的加密货币影响力必须对他们创建的内容负责。它必须越来越强调比特币的去中心化、抗审查的起源。应不断提醒观众，比特币是实现财务自由的工具，而不是利润最大化的工具。强化自然地抵制制度化控制的价值观将驱动人们