重新定义比特币的货币政策

比特币拥有两个形成基础层的不同市场：零层和第一层。第零层，即安全和货币政策层，在每个区块都会举行一次拍卖，矿工们通过计算从固定供应中“购买”比特币。第一层是最终结算层，涉及在不可变账本上进行交易的个人。 Dhruv Bansal 对固定比特币供应的框架强调，所有 2100 万枚比特币都是在 2009 年创建的，而发行时间表只是在 131 年的时间里解锁它们。这种基于市场的观点强调网络的安全性，因为矿工集体提供计算能力来保护账本并获得区块奖励。

Redefining Bitcoin's Monetary Policy: The Significance of Dhruv's Perspective

重新定义比特币的货币政策：Dhruv 观点的意义

In the realm of Bitcoin, a groundbreaking shift in understanding the network's monetary policy has emerged, spearheaded by the visionary insights of Dhruv Bansal. His novel perspective reframes the issuance of Bitcoin, challenging the commonly held view and revealing a profound truth about the nature of the network's immutable ledger.

在比特币领域，在 Dhruv Bansal 的远见卓识的引领下，人们对网络货币政策的理解发生了突破性的转变。他的新颖视角重新定义了比特币的发行，挑战了普遍持有的观点，并揭示了有关网络不可变账本本质的深刻真相。

Version 1: The Conventional View

版本 1：传统观点

The traditional understanding of Bitcoin's monetary policy posits that the total supply of 21 million coins will be issued gradually over a 131-year period, culminating in the year 2140. According to this view, as of March 2024, approximately 93.62% of the total supply has been "created," with 6.25 bitcoins released into circulation roughly every ten minutes.

对比特币货币政策的传统理解认为，2100万枚比特币的总供应量将在131年的时间内逐步发行，最终在2140年达到顶峰。根据这种观点，截至2024年3月，约占总供应量的93.62%大约每十分钟就有 6.25 个比特币被“创造”出来进入流通。

Version 2: Dhruv's Paradigm

版本 2：Dhruv 范式

Dhruv's paradigm fundamentally alters this perspective, asserting that all 21 million bitcoins were "created" via the network's consensus mechanisms on January 3, 2009. His framing emphasizes that the entire supply of Bitcoin already exists but has not yet been "released" or "unlocked" into circulation.

Dhruv 的范式从根本上改变了这一观点，声称所有 2100 万个比特币都是在 2009 年 1 月 3 日通过网络共识机制“创建”的。他的框架强调比特币的全部供应已经存在，但尚未“释放”或“解锁” ”进入流通。

Dhruv's terminology is crucial for understanding his framing. Instead of viewing mining as a process of creating new coins, he suggests that miners are "purchasing" bitcoins from an existing supply, paying for them with computations. This distinction becomes evident when considering the ever-increasing difficulty of Bitcoin mining.

德鲁夫的术语对于理解他的框架至关重要。他没有将采矿视为创造新硬币的过程，而是建议矿工从现有供应中“购买”比特币，并通过计算来支付费用。当考虑到比特币挖矿的难度不断增加时，这种区别就变得显而易见。

In the traditional view, the rising difficulty appears as an "inefficiency of scale," where more resources are consumed to create fewer coins over time. However, Dhruv's perspective flips this notion on its head. As Bitcoin adoption grows and the value of the network increases, the price of newly released bitcoins adjusts upward, reflecting the increased demand for the limited supply. This framework explains the rationale behind the increasing resources invested in mining.

在传统观点中，难度的上升表现为“规模效率低下”，随着时间的推移，会消耗更多的资源来创造更少的货币。然而，德鲁夫的观点颠覆了这个观念。随着比特币采用率的增长和网络价值的增加，新发行的比特币的价格会向上调整，反映出对有限供应的需求增加。该框架解释了采矿业投资不断增加的原因。

Dhruv's framing also underscores the significance of Satoshi Nakamoto's groundbreaking invention of a timekeeping system for distributed networks. By anchoring the block time to the completion of a computational puzzle, Satoshi ensured that the issuance of bitcoins would occur at a consistent and predictable pace.

Dhruv 的框架还强调了中本聪开创性发明分布式网络计时系统的重要性。通过将区块时间固定在计算难题的完成上，中本聪确保了比特币的发行将以一致且可预测的速度进行。

The Dual Markets of Bitcoin's Base Layer

比特币基础层的双重市场

Dhruv posits that Bitcoin operates on two distinct markets, known as Layer Zero and Layer One, which together constitute the network's base layer.

Dhruv 认为比特币在两个不同的市场上运行，即零层和第一层，它们共同构成了网络的基础层。

Layer Zero represents the security and monetary policy layer, where every block since January 3, 2009, has witnessed an auction held by the Bitcoin network. In this auction, the network offers a fixed number of bitcoins at a computational price, which is paid collectively by the global Bitcoin mining industry.

第零层代表安全和货币政策层，自 2009 年 1 月 3 日以来的每个区块都见证了比特币网络举行的拍卖。在这次拍卖中，网络以计算价格提供固定数量的比特币，该价格由全球比特币采矿业集体支付。

This auction process ensures that the blockchain's timekeeping mechanism remains accurate, with the network adjusting the computational price to match the target block time. The market forces at play in Layer Zero protect the network against potential cheaters and ensure its unwavering security.

此拍卖过程确保区块链的计时机制保持准确，网络调整计算价格以匹配目标区块时间。零层中发挥作用的市场力量保护网络免受潜在作弊者的侵害，并确保其坚定不移的安全性。

Layer One, on the other hand, is the transaction and final settlement layer, where users compete for block space by bidding transaction fees. The interplay between these two markets is vital for maintaining the integrity and functionality of the Bitcoin network.

另一方面，第一层是交易和最终结算层，用户通过竞价交易费用来争夺区块空间。这两个市场之间的相互作用对于维护比特币网络的完整性和功能至关重要。

The Core Trade on Layer Zero: Computations for Bitcoin

零层的核心交易：比特币的计算

The core trade on Layer Zero is the exchange of computations for bitcoins. This market enables the gradual release of the fixed Bitcoin supply while simultaneously ensuring the network's security through proof of work.

Layer Zero 的核心交易是比特币的计算交换。这个市场能够逐步释放固定的比特币供应，同时通过工作量证明确保网络的安全。

Dhruv's Framing: A Path to Widespread Adoption

Dhruv 的框架：广泛采用的途径

Dhruv's framing not only provides a more accurate understanding of Bitcoin's monetary policy but also has the potential to alleviate misconceptions about mining, particularly among those who view it as wasteful or environmentally unsustainable.

Dhruv 的框架不仅提供了对比特币货币政策的更准确的理解，而且有可能减少对采矿业的误解，特别是那些认为采矿是浪费或环境不可持续的人。

By highlighting the security-enhancing nature of mining and the incentives for miners to continue operating, Dhruv's perspective empowers individuals to make informed decisions about their involvement in the Bitcoin ecosystem.

通过强调挖矿的安全增强性质以及对矿工继续运营的激励，Dhruv 的观点使个人能够就参与比特币生态系统做出明智的决定。

The Future of Bitcoin's Base Layer

比特币基础层的未来

As the total Bitcoin supply gradually enters circulation, the Layer Zero market will eventually cease to exist. However, the Layer One market will continue to function, providing the necessary incentives for miners to secure the immutable ledger.

随着比特币总供应量逐渐进入流通，零层市场最终将不复存在。然而，第一层市场将继续发挥作用，为矿工提供必要的激励以确保不可变的账本安全。

Conclusion

结论

Dhruv Bansal's groundbreaking perspective on Bitcoin's monetary policy challenges the conventional understanding of the network. By introducing the concept of two distinct markets operating on the base layer, he reveals the intricate interplay between security, scarcity, and the issuance of the limited Bitcoin supply.

Dhruv Bansal 对比特币货币政策的开创性观点挑战了对该网络的传统理解。通过引入在基础层上运行的两个不同市场的概念，他揭示了安全性、稀缺性和有限比特币供应的发行之间错综复杂的相互作用。

His framing enhances our understanding of Bitcoin's unique characteristics and emphasizes the critical role of free markets and mathematics in safeguarding the network's integrity. As Bitcoin continues to evolve and gain widespread adoption, Dhruv's insights will undoubtedly play a vital role in shaping its future trajectory.

他的框架增强了我们对比特币独特特征的理解，并强调了自由市场和数学在维护网络完整性方面的关键作用。随着比特币不断发展并获得广泛采用，Dhruv 的见解无疑将在塑造其未来发展轨迹方面发挥至关重要的作用。