{"id":1952,"date":"2022-05-03T19:18:40","date_gmt":"2022-05-03T11:18:40","guid":{"rendered":"https:\/\/www.shuizilong.com\/house\/?p=1952"},"modified":"2022-05-03T20:01:58","modified_gmt":"2022-05-03T12:01:58","slug":"crypto-and-the-dollar-are-partners-not-rivals","status":"publish","type":"post","link":"https:\/\/www.shuizilong.com\/house\/archives\/crypto-and-the-dollar-are-partners-not-rivals\/","title":{"rendered":"\u52a0\u5bc6\u8d27\u5e01\u548c\u7f8e\u5143\u662f\u5408\u4f5c\u4f19\u4f34\uff0c\u800c\u4e0d\u662f\u7ade\u4e89\u5bf9\u624b"},"content":{"rendered":"

\n \u6848\uff1a\u524d\u94fe\u95fb\u7684 Liu Feng \u8001\u5e08 \u5728\u63a8\u7279<\/a> \u547c\u5401\u4e2d\u56fd\u6709\u8fdc\u89c1\u7684\u653f\u7b56\u5236\u5b9a\u8005\u548c\u771f\u5fc3\u671f\u76fc\u4e2d\u56fd\u5f3a\u5927\u7684\u7231\u56fd\u8005\uff0c\u8bfb\u4e00\u4e0b Niall Ferguson\uff08\u7b97\u662f\u76ee\u524d\u6700\u9876\u5c16\u7684\u91d1\u878d\u5386\u53f2\u5b66\u5bb6\u4e86\u5427\uff09\u7684 \u6700\u65b0\u6587\u7ae0<\/a>\uff0c\u6211\u8bfb\u5b8c\u89c9\u5f97\u786e\u5b9e\u86ee\u6709\u9053\u7406\uff0c\u4e8e\u662f\u7a0d\u5fae\u7ffb\u8bd1\u4e86\u4e00\u4e0b\u3002\u3002\u3002\n<\/p><\/blockquote>\n

\u52a0\u5bc6\u8d27\u5e01\u548c\u7f8e\u5143\u662f\u5408\u4f5c\u4f19\u4f34\uff0c\u800c\u4e0d\u662f\u7ade\u4e89\u5bf9\u624b<\/h1>\n

\u65b0\u51a0\u75ab\u60c5\u4e0e\u4fc4\u4fb5\u4e4c\u6218\u4e89\u6240\u5e26\u6765\u7684\u7834\u574f\uff0c\u663e\u793a\u4e86\u897f\u65b9\u5236\u5ea6\u7684\u4f18\u52bf\u548c\u4e2d\u56fd\u5236\u5ea6\u7684\u5f31\u70b9\u3002<\/strong><\/p>\n

\"\"<\/p>\n

“\u6211\u5e0c\u671b\u5b83\u80fd\u521b\u9020\u4e16\u754c\u548c\u5e73\uff0c\u6216\u5e2e\u52a9\u521b\u9020\u4e16\u754c\u548c\u5e73\u3002” \u8fd9\u662f\u524d Twitter \u516c\u53f8\u9996\u5e2d\u6267\u884c\u5b98\u3001\u73b0\u4efb\u6570\u5b57\u652f\u4ed8\u516c\u53f8 Block Inc. \u8d1f\u8d23\u4eba\u6770\u514b-\u591a\u5c14\u897f (Jack Dorsey) \u5728 2021 \u5e74 7 \u6708\u7684\u4e00\u6b21\u7f51\u7edc\u7814\u8ba8\u4f1a\u4e0a\u5bf9\u6bd4\u7279\u5e01\u7684\u8bc4\u4ef7<\/a>\u3002<\/p>\n

\u66f4\u6709\u53ef\u80fd\u7684\u662f\uff0c\u6218\u4e89\u521b\u9020\u4e86\u5168\u7403\u5bf9\u6bd4\u7279\u5e01\u7684\u66f4\u5927\u80c3\u53e3\u3002\u52a8\u8361\u7684\u65f6\u4ee3\u5f80\u5f80\u4e0e\u8d27\u5e01\u8f6c\u578b\u6709\u5173\u3002\u4e00\u4e2a\u5178\u578b\u7684\u4f8b\u5b50\u662f\uff0c\u5728\u9ed1\u6b7b\u75c5\u548c\u767e\u5e74\u6218\u4e89\u65f6\u671f\uff0c\u82f1\u56fd\u7684\u8d27\u5e01\u4f53\u7cfb\u88ab\u4ece\u6839\u672c\u4e0a\u6539\u53d8\u4e86 <\/a>\u3002<\/p>\n

\u761f\u75ab\u8fc7\u540e\uff0c\u5546\u54c1\u4ef7\u683c\u98d9\u5347–\u5c24\u5176\u662f\u76d0\uff0c\u5176\u4ef7\u683c\u4ece 1347 \u5e74\u5230 1352 \u5e74\u4e0a\u6da8\u4e86 7 \u500d\u3002\u540c\u65f6\uff0c\u9ed1\u6b7b\u75c5\u7684\u5e78\u5b58\u8005\u80fd\u591f\u5229\u7528\u7d27\u5f20\u7684\u52b3\u52a8\u529b\u5e02\u573a\uff0c\u7528\u5c01\u5efa\u675f\u7f1a\u6362\u53d6\u73b0\u91d1\u5de5\u8d44\u3002\u82f1\u56fd\u7ecf\u6d4e\u53d8\u5f97\u8d8a\u6765\u8d8a\u8d27\u5e01\u5316\u3002<\/p>\n

\u4e0e\u6b64\u540c\u65f6\uff0c\u6b27\u6d32\u5546\u4eba\u5f00\u53d1\u4e86\u4e00\u79cd\u65b0\u5f62\u5f0f\u7684\u70b9\u5bf9\u70b9\u4fe1\u8d37\u5de5\u5177–\u6c47\u7968\uff0c\u4fc3\u8fdb\u4e86\u82f1\u56fd\u3001\u4f4e\u5730\u56fd\u5bb6\u548c\u610f\u5927\u5229\u5317\u90e8\u4e4b\u95f4\u7684\u8d38\u6613\u3002<\/p>\n

\u66f4\u8fd1\u7684\u4f8b\u5b50\u6bd4\u6bd4\u7686\u662f\u3002\u897f\u73ed\u7259\u5728\u65b0\u4e16\u754c\u7684\u5f81\u670d\u6539\u53d8\u4e86\u5168\u7403\u7ecf\u6d4e\uff0c\u589e\u52a0\u4e86\u767d\u94f6\u548c\u9ec4\u91d1\u7684\u4f9b\u5e94\uff0c\u5176\u4e2d\u5927\u90e8\u5206\u7528\u4e8e\u652f\u4ed8\u54c8\u5e03\u65af\u5821\u5bb6\u65cf\u7684\u6b27\u6d32\u6218\u4e89\u3002\u5927\u82f1\u5e1d\u56fd\u7684\u6269\u5f20\u8f93\u51fa\u4e86\u91d1\u672c\u4f4d\u5236\uff0c\u521b\u9020\u4e86\u4e00\u4e2a\u65b0\u7684\u3001\u66f4\u7a33\u5b9a\u7684\u56fd\u9645\u8d27\u5e01\u4f53\u7cfb\uff0c\u5176\u4e2d\u82f1\u9551\u662f\u4e3b\u5bfc\u8d27\u5e01\u3002\u4e16\u754c\u5927\u6218\u4f7f\u82f1\u56fd\u88ab\u503a\u52a1\u62d6\u57ae\uff0c\u5e76\u8fce\u6765\u4e86\u7b2c\u4e00\u4e2a\u7f8e\u5143\u4e3b\u5bfc\u7684\u65f6\u4ee3\uff0c\u7f8e\u56fd\u8d27\u5e01\u4e0e\u9ec4\u91d1\u6302\u94a9\uff0c\u6240\u6709\u5176\u4ed6\u4e3b\u8981\u8d27\u5e01\u90fd\u4e0d\u90a3\u4e48\u4e25\u683c\u5730\u4e0e\u7f8e\u5143\u6302\u94a9\u3002<\/p>\n

1971 \u5e74\uff0c\u53c8\u662f\u51b2\u7a81\u7ed3\u675f\u4e86\u5e03\u96f7\u987f\u68ee\u6797\u4f53\u7cfb\u3002\u968f\u7740\u8d8a\u5357\u6218\u4e89\u7684\u62d6\u5ef6\uff0c\u7406\u67e5\u5fb7-\u5c3c\u514b\u677e\u603b\u7edf \u6253\u7834\u4e86\u7f8e\u5143\u4e0e\u9ec4\u91d1\u7684\u6302\u94a9<\/a>\uff0c\u5f00\u521b\u4e86\u4e00\u4e2a\u65b0\u7684\u6cd5\u5b9a\u8d27\u5e01\u6d6e\u52a8\u65f6\u4ee3\uff0c\u8d77\u521d\u7684\u7279\u70b9\u662f\u9ad8\u901a\u8d27\u81a8\u80c0\u548c\u6c47\u7387\u6ce2\u52a8\uff0c\u7136\u540e\u662f\u4e00\u7cfb\u5217\u56fd\u9645\u534f\u8bae\uff081985 \u5e74\u7684\u300a\u5e7f\u573a\u534f\u8bae\u300b\uff0c\u4e24\u5e74\u540e\u7684\u300a\u5362\u6d6e\u5bab\u534f\u8bae\u300b\uff09\uff0c\u540e\u6765\u662f\u5728\u901a\u8d27\u81a8\u80c0\u4e0b\u964d\u548c\u8d44\u672c\u6d41\u52a8\u8fc5\u901f\u589e\u957f\u7684\u73af\u5883\u4e0b\uff0c\u66f4\u591a\u7684\u4e34\u65f6\u5b89\u6392\u548c\u4e0d\u592a\u900f\u660e\u3002<\/p>\n

\u8fc7\u53bb\u4e24\u5e74\u53d1\u751f\u7684\u4e8b\u4ef6–\u9996\u5148\u662f Covid-19 \u5927\u6d41\u884c\u75c5\uff0c\u73b0\u5728\u662f\u4fc4\u7f57\u65af\u5165\u4fb5\u4e4c\u514b\u5170–\u5177\u6709\u8db3\u591f\u7684\u7834\u574f\u6027\uff0c\u4f7f\u5168\u7403\u8d27\u5e01\u79e9\u5e8f\u4f3c\u4e4e\u6709\u53ef\u80fd\u518d\u6b21\u53d1\u751f\u8f6c\u53d8\u3002\u4f46\u5b83\u5c06\u91c7\u53d6\u4ec0\u4e48\u5f62\u5f0f\u5462\uff1f\u6709\u4e24\u79cd\u5047\u8bbe\u5df2\u7ecf\u6d6e\u51fa\u6c34\u9762\uff0c\u4f46\u7edd\u4e0d\u662f\u76f8\u4e92\u6392\u65a5\u3002<\/p>\n

\u9996\u5148\u662f\u52a0\u5bc6\u8d27\u5e01\u7684\u65f6\u4ee3\u5df2\u7ecf\u5230\u6765\u3002\u7528\u79d1\u6280\u516c\u53f8 Steel Perlot Management LLC \u7684\u9996\u5e2d\u6267\u884c\u5b98 Michelle Ritter \u7684\u8bdd <\/a> \u6765\u8bf4\uff0c”\u793e\u4ea4\u5a92\u4f53\u7684\u94f0\u94fe\u65f6\u523b\u51fa\u73b0\u5728 2011 \u5e74\uff0c\u5f53\u65f6\u6765\u81ea\u5229\u6bd4\u4e9a\u3001\u57c3\u53ca\u3001\u4e5f\u95e8\u3001\u53d9\u5229\u4e9a\u548c\u5df4\u6797\u7684\u89c6\u9891\u3001\u63a8\u6587\u548c\u5176\u4ed6\u5e16\u5b50\u5f15\u53d1\u4e86\u963f\u62c9\u4f2f\u4e4b\u6625 ……\u2009\u73b0\u5728\uff0c\u6211\u4eec\u53d1\u73b0\u81ea\u5df1\u5904\u4e8e\u4e00\u4e2a\u7c7b\u4f3c\u7684\u8f6c\u6298\u70b9”\uff0c\u52a0\u5bc6\u8d27\u5e01\u4e5f\u662f\u5982\u6b64\u3002\u5bf9\u51b2\u57fa\u91d1 Bridgewater Associates LP \u6307\u51fa\uff0c”\u4fc4\u7f57\u65af\u5bf9\u4e4c\u514b\u5170\u7684\u5165\u4fb5\u662f\u52a0\u5bc6\u8d27\u5e01\u6210\u4e3a\u5176\u4e2d\u4e00\u90e8\u5206\u7684\u7b2c\u4e00\u4e2a\u91cd\u5927\u4e8b\u4ef6”\u3002<\/p>\n

\u5047\u8bbe\u4e8c\u662f\uff0c\u6211\u4eec\u6b63\u5728\u89c1\u8bc1\u7f8e\u5143\u7684\u9ec4\u660f\u3002\u636e\u745e\u58eb\u4fe1\u8d37\u96c6\u56e2\u7684 Zoltan Pozsar \u79f0\uff0c\u7f8e\u56fd\u53ca\u5176\u6b27\u6d32\u76df\u53cb\u51b3\u5b9a\u51bb\u7ed3\u4fc4\u7f57\u65af\u4e2d\u592e\u94f6\u884c\u7684\u5927\u90e8\u5206\u5916\u6c47\u50a8\u5907\u662f\u4e00\u4e2a\u5206\u6c34\u5cad\u3002\u4ed6\u8ba4\u4e3a\uff0c\u8fd9\u5c06 “\u9f13\u52b1\u4e2d\u592e\u94f6\u884c\u4ece\u7f8e\u5143\u4e2d\u5206\u6563\u51fa\u6765\uff0c\u6216\u8bd5\u56fe\u5c06\u5176\u8d27\u5e01\u91cd\u65b0\u56fa\u5b9a\u5728\u4e0d\u6613\u53d7\u7f8e\u56fd\u6216\u6b27\u6d32\u653f\u5e9c\u5f71\u54cd\u7684\u8d44\u4ea7\u4e0a\u3002”<\/p>\n

\u6839\u636e Pozsar 3 \u6708 7 \u65e5\u7684\u8bf4\u660e “\u5e03\u96f7\u987f\u68ee\u6797\u4f53\u7cfb III”\uff0c\u6211\u4eec\u6b63\u5728\u629b\u5f03 1971 \u5e74\u540e\u7684\u5e03\u96f7\u987f\u68ee\u6797\u4f53\u7cfb II\uff0c\u5728\u8fd9\u4e2a\u4f53\u7cfb\u4e2d\uff0c”\u5185\u90e8\u8d27\u5e01”\uff08\u7f8e\u56fd\u56fd\u503a\uff09\u53d6\u4ee3 “\u5916\u90e8\u8d27\u5e01”\uff08\u9ec4\u91d1\uff09\u3002\u5e03\u96f7\u987f\u68ee\u6797\u4f53\u7cfb III \u5c06\u4f7f\u6211\u4eec\u56de\u5230\u5916\u90e8\u8d27\u5e01\uff08\u9ec4\u91d1\u548c\u5176\u4ed6\u5546\u54c1\uff09\uff0c\u56e0\u4e3a\u4e16\u754c\u51cf\u5c11\u4e86\u5bf9\u7f8e\u5143\u548c\u4ee5\u7f8e\u5143\u8ba1\u4ef7\u7684\u503a\u5238\u7684\u4f9d\u8d56\u3002<\/p>\n

BitMEX \u7684\u521b\u59cb\u4eba Arthur Hayes \u5728\u4ed6 3 \u6708 16 \u65e5\u7684\u6587\u7ae0\u300a\u80fd\u6e90\u88ab\u53d6\u6d88\u300b<\/a>\u4e2d\u63d0\u51fa\u4e86\u7c7b\u4f3c\u7684\u89c2\u70b9\u3002”\u4e3a\u4ec0\u4e48\u4efb\u4f55\u4e2d\u592e\u94f6\u884c\u8981\u7528\u4efb\u4f55\u897f\u65b9\u6cd5\u5e01 ‘ \u50a8\u84c4 ‘\uff0c\u56e0\u4e3a\u4ed6\u4eec\u7684\u50a8\u84c4\u53ef\u4ee5\u88ab\u6570\u5b57\u6cd5\u5e01\u7f51\u7edc\u7684\u8fd0\u8425\u5546\u4efb\u610f\u5730\u3001\u5355\u65b9\u9762\u5730\u5f81\u7528\uff1f” \u5728 “\u5384\u8fd0\u5faa\u73af “\u4e2d\uff0c\u4ed6\u9884\u6d4b “\u5230\u5341\u5e74\u672b\uff0c100 \u4e07\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u548c 1-2 \u4e07\u7f8e\u5143\u7684\u9ec4\u91d1”\u3002<\/p>\n

\u8fd9\u4e9b\u5148\u751f\u7edd\u4e0d\u662f\u7b2c\u4e00\u4e2a\u9884\u6d4b\u7f8e\u5143\u6d88\u4ea1\u7684\u4eba\u3002\u4f46\u6bcf\u5f53\u6211\u542c\u5230\u8fd9\u79cd\u8bba\u8c03\uff0c\u6211\u5c31\u4f1a\u60f3\u8d77\u62c9\u91cc-\u8428\u9ed8\u65af\u7684\u4e00\u53e5\u8001\u8bdd\u30022019 \u5e74 11 \u6708\uff0c\u8fd9\u4f4d\u524d\u8d22\u653f\u90e8\u957f\u5728\u54c8\u4f5b\u5927\u5b66\u80af\u5c3c\u8fea\u653f\u5e9c\u5b66\u9662\u53d1\u8868\u6f14\u8bb2\u65f6\u6307\u51fa\u3002”\u4f60\u4e0d\u80fd\u7528\u4ec0\u4e48\u4e1c\u897f\u6765\u4ee3\u66ff\u4ec0\u4e48\u4e1c\u897f\u3002” \u4ed6\u95ee\u9053\uff0c”\u5f53\u6b27\u6d32\u662f\u4e00\u4e2a\u535a\u7269\u9986\uff0c\u65e5\u672c\u662f\u4e00\u4e2a\u7597\u517b\u9662\uff0c\u4e2d\u56fd\u662f\u4e00\u4e2a\u76d1\u72f1\uff0c\u800c\u6bd4\u7279\u5e01\u662f\u4e00\u4e2a\u8bd5\u9a8c\u54c1\u65f6\uff0c\u8fd8\u6709\u4ec0\u4e48\u8d27\u5e01\u6bd4\u7f8e\u5143\u66f4\u9002\u5408\u4f5c\u4e3a\u50a8\u5907\u548c\u8d38\u6613\u8d27\u5e01\u5462”\uff1f<\/p>\n

\u9996\u5148\uff0c\u770b\u770b\u52a0\u5bc6\u8d27\u5e01\u5f00\u6218\u65f6\u53d1\u751f\u4e86\u4ec0\u4e48\u3002\u5728\u4fc4\u7f57\u65af\u5165\u4fb5\u4e4b\u521d\uff0c\u6709\u5927\u91cf\u5173\u4e8e\u514b\u91cc\u59c6\u6797\u5bab\u5c06\u5982\u4f55\u4ee5\u67d0\u79cd\u65b9\u5f0f\u5229\u7528\u52a0\u5bc6\u8d27\u5e01\u6765\u9003\u907f\u897f\u65b9\u5236\u88c1\u7684\u8ba8\u8bba\u3002\u5f53\u7136\uff0c\u6700\u521d\u51fa\u73b0\u4e86\u5362\u5e03\u8d2d\u4e70\u6bd4\u7279\u5e01\u7684\u70ed\u6f6e\u3002<\/p>\n

\u4f46\u7f8e\u56fd\u548c\u6b27\u6d32\u7684\u76d1\u7ba1\u673a\u6784\u5411\u4e3b\u8981\u7684\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u53d1\u51fa\u901a\u77e5\u3002Coinbase Global Inc. \u5c01\u9501\u4e86\u8d85\u8fc7 25000 \u4e2a\u4e0e\u4fc4\u7f57\u65af\u6709\u5173\u7684\u5730\u5740\uff0c\u5b83\u8ba4\u4e3a\u8fd9\u4e9b\u5730\u5740\u4e0e\u975e\u6cd5\u6d3b\u52a8\u6709\u5173\u3002\u5728\u4efb\u4f55\u60c5\u51b5\u4e0b\uff0c\u6b63\u5982 Binance Holdings Ltd. \u7684 Tigran Gambaryan \u6240\u6307\u51fa\u7684\uff0c”\u5bf9\u4e8e\u653f\u5e9c\u548c\u6c11\u65cf\u56fd\u5bb6\u6765\u8bf4\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e76\u4e0d\u662f\u9003\u907f\u5236\u88c1\u7684\u4e00\u4e2a\u975e\u5e38\u6709\u6548\u7684\u65b9\u5f0f\u3002”<\/p>\n

\u5728\u4fc3\u8fdb\u79c1\u4eba\u5411\u4e4c\u514b\u5170\u653f\u5e9c\u6350\u6b3e\u65b9\u9762\uff0c\u52a0\u5bc6\u8d27\u5e01\u53d1\u6325\u4e86\u66f4\u5927\u7684\u4f5c\u7528\u3002\u636e\u300a\u91d1\u878d\u65f6\u62a5\u300b\u7684 Gillian Tett \u5728 3 \u6708 10 \u65e5\u5199\u9053\uff0c”\u5927\u7ea6 1.06 \u4ebf\u7f8e\u5143\u7684\u52a0\u5bc6\u8d27\u5e01\u6350\u6b3e\u5df2\u7ecf\u6d8c\u5165\u3002” \u4ee5\u592a\u574a\u7684\u521b\u59cb\u4eba Vitalik Buterin \u5728\u63a8\u7279\u4e0a\u8bf4\u3002”\u63d0\u9192\u5927\u5bb6\u3002\u4ee5\u592a\u574a\u662f\u4e2d\u7acb\u7684\uff0c\u4f46\u6211\u4e0d\u662f\u3002” \u4ed6\u7684\u8054\u5408\u521b\u59cb\u4eba\u52a0\u6587-\u4f0d\u5fb7\u8bf4\uff0c\u5982\u679c\u4ed6\u7684\u65b0\u4ee3\u5e01 Polkadot \u88ab\u63a5\u53d7\uff0c\u4ed6\u5c06 “\u4eb2\u81ea\u6350\u6b3e 500 \u4e07\u7f8e\u5143”\u3002\u533a\u5757\u94fe\u516c\u53f8 Everstake \u7684\u9996\u5e2d\u6267\u884c\u5b98 Sergey Vasylchuk \u63a8\u51fa\u4e86\u4e00\u4e2a\u57fa\u4e8e Solana \u533a\u5757\u94fe\u7684\u53bb\u4e2d\u5fc3\u5316\u81ea\u6cbb\u7ec4\u7ec7\uff0c\u4e3a\u4e4c\u514b\u5170\u519b\u961f\u7b79\u96c6\u6350\u6b3e\u3002<\/p>\n

Slava Ukraini! \u4f46\u8bf7\u6ce8\u610f\uff0c\u4e0e\u4e4c\u514b\u5170\u4ece\u7f8e\u56fd\u653f\u5e9c\u83b7\u5f97\u7684\u4ee5\u7f8e\u5143\u8ba1\u4ef7\u7684\u519b\u4e8b\u63f4\u52a9\u91d1\u989d\u76f8\u6bd4\uff0c1.06 \u4ebf\u7f8e\u5143\u53ea\u662f\u4e00\u4e2a\u56db\u820d\u4e94\u5165\u7684\u9519\u8bef\uff0c\u5982\u679c\u62dc\u767b\u653f\u5e9c\u7684\u6700\u65b0\u63d0\u6848\u83b7\u5f97\u56fd\u4f1a\u6279\u51c6\uff0c\u603b\u989d\u53ef\u80fd\u8fbe\u5230 196.7 \u4ebf\u7f8e\u5143\u3002<\/p>\n

\u8ba9\u6211\u4eec\u628a\u4e8b\u60c5\u7b80\u5355\u5316\u3002\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u7b49\u52a0\u5bc6\u8d27\u5e01\u662f\u6709\u5438\u5f15\u529b\u7684\u8d44\u4ea7\uff0c\u53ef\u4ee5\u5728\u4e0d\u7a33\u5b9a\u7684\u5730\u65b9\u548c\u4e0d\u7a33\u5b9a\u7684\u65f6\u5019\u6301\u6709\u3002\u67d0\u4e9b\u79cd\u7c7b\u7684\u7a33\u5b9a\u5e01\uff08\u4e0e\u7f8e\u5143\u6302\u94a9\uff09\u53ef\u80fd\u66f4\u6709\u5438\u5f15\u529b\u3002\u6b63\u5982 Sirio Aramonte\u3001Wenqian Huang \u548c Andreas Schrimpf \u5728\u56fd\u9645\u6e05\u7b97\u94f6\u884c\u6700\u8fd1\u7684\u4e00\u4efd\u8bf4\u660e\u4e2d\u6307\u51fa\u7684\u90a3\u6837\uff0c\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48 2020 \u5e74\u548c 2021 \u5e74\u571f\u8033\u5176\u7684\u7a33\u5b9a\u5e01\u4ea4\u6613\u5982\u6b64\u4e4b\u591a\uff0c\u56e0\u4e3a\u5927\u6d41\u884c\u75c5\u4e0e\u571f\u8033\u5176\u653f\u5e9c\u9c81\u83bd\u7684\u8d27\u5e01\u653f\u7b56\u76f8\u7ed3\u5408\uff0c\u4f7f\u91cc\u62c9\u4e0b\u8dcc\u3002<\/p>\n

\u5f53\u5927\u6d41\u884c\u5f00\u59cb\u65f6\uff0c\u4f60\u771f\u7684\u5f88\u660e\u667a\u5730\u628a\u4e00\u4e9b\u94b1\u6295\u5165\u6bd4\u7279\u5e01\u548c\u4ee5\u592a\u574a\u3002\u76f8\u5bf9\u4e8e 2020 \u5e74 1 \u6708\uff0c\u4f60\u7684\u6295\u8d44\u5206\u522b\u589e\u957f\u4e86 21.7 \u548c 5.4 \u500d\u3002\u4f60\u7684\u9ec4\u91d1\u5934\u5bf8\u53ea\u4e0a\u5347\u4e86 25%\u3002\u5373\u4f7f\u5728\u6218\u4e89\u65f6\u671f\uff0c\u52a0\u5bc6\u8d27\u5e01\u4e5f\u6218\u80dc\u4e86\u9ec4\u91d1\u3002\u81ea\u4fc4\u7f57\u65af\u5165\u4fb5\u524d\u5915\uff0c\u6bd4\u7279\u5e01\u4e0a\u6da8\u4e86 3.8%\uff0c\u4ee5\u592a\u574a\u4e0a\u6da8\u4e86 9.1%\uff0c\u800c\u9ec4\u91d1\u5219\u4e0b\u8dcc\u4e86 1%\u3002<\/p>\n

\"\"<\/p>\n

\u5728\u6218\u4e89\u4e2d\uff0c\u4eba\u4eec\u9700\u8981\u7684\u4e0d\u4ec5\u4ec5\u662f\u80fd\u591f\u4fdd\u503c\u6216\u589e\u503c\u7684\u8d44\u4ea7\u3002\u66f4\u91cd\u8981\u7684\u662f\u80fd\u591f\u5411\u56fd\u5185\u548c\u56fd\u5916\u4f9b\u5e94\u5546\u4ed8\u6b3e\uff0c\u4ee5\u6362\u53d6\u4f60\u9700\u8981\u7684\u4e1c\u897f\u3002\u4f17\u6240\u5468\u77e5\uff0c\u4ee5\u592a\u574a\u533a\u5757\u94fe\u4e00\u79d2\u949f\u53ea\u80fd\u5904\u7406\u5927\u7ea6 15 \u7b14\u4ea4\u6613\uff0c\u800c Visa \u4e00\u79d2\u949f\u53ef\u4ee5\u5904\u7406\u6210\u5343\u4e0a\u4e07\u7684\u4fe1\u7528\u5361\u4ea4\u6613\u3002<\/p>\n

\u5728\u8fc7\u53bb\u7684\u4e24\u4e2a\u6708\u91cc\uff0c\u5bf9\u4e8e\u4fc4\u7f57\u65af\u6765\u8bf4\uff0c\u897f\u65b9\u4fe1\u7528\u5361\u516c\u53f8\u4e0d\u80fd\u7981\u7528\u4fc4\u7f57\u65af\u7684\u652f\u4ed8\uff0c\u6bd4\u4fc4\u7f57\u65af\u4eba\u53ef\u4ee5\u8d2d\u4e70\u6bd4\u7279\u5e01\u66f4\u91cd\u8981\u3002\u8fd9\u662f\u56e0\u4e3a\u81ea 2014 \u5e74\u4ee5\u6765\uff08\u5f53\u4ed6\u4eec\u7b2c\u4e00\u6b21\u66f4\u6709\u9650\u5730\u5165\u4fb5\u4e4c\u514b\u5170\u65f6\uff09\uff0c\u4fc4\u7f57\u65af\u4eba\u5df2\u7ecf\u5efa\u7acb\u4e86\u4ed6\u4eec\u81ea\u5df1\u7684\u56fd\u5bb6\u5361\u652f\u4ed8\u7cfb\u7edf <\/a>\uff08NSPK\uff09\u6765\u5904\u7406\u4ea4\u6613\uff0c\u4ee5\u53ca\u4e00\u4e2a\u88ab\u79f0\u4e3a Mir \u7684\u56fd\u5185\u5361\u7cfb\u7edf\uff0c\u8be5\u7cfb\u7edf\u5728 NSPK \u7684\u8f68\u9053\u4e0a\u8fd0\u884c–\u4e2d\u56fd\u94f6\u8054\u516c\u53f8\u53d1\u884c\u7684\u5361\u4e5f\u662f\u5982\u6b64\u3002<\/p>\n

\u5728\u5168\u7403\u7ecf\u6d4e\u7684\u5927\u8ba1\u5212\u4e2d\uff0c\u6570\u5b57\u652f\u4ed8\u662f\u6bd4\u52a0\u5bc6\u8d27\u5e01\u66f4\u5927\u7684\u4ea4\u6613\u3002\u8fd9\u662f\u56e0\u4e3a\u5229\u7528\u4eba\u5de5\u667a\u80fd\u7684\u652f\u4ed8\u7cfb\u7edf–\u5982\u8682\u8681\u91d1\u670d\u516c\u53f8\u7684\u652f\u4ed8\u5b9d\u548c\u817e\u8baf\u63a7\u80a1\u6709\u9650\u516c\u53f8\u7684\u5fae\u4fe1\u652f\u4ed8–\u53ef\u4ee5\u6bd4\u4efb\u4f55\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u7cfb\u7edf\u66f4\u5feb\u5730\u5904\u7406\u5927\u91cf\u7684\u4ea4\u6613\uff0c\u7136\u540e\u53ef\u4ee5\u6839\u636e\u4ed6\u4eec\u6536\u96c6\u548c\u5206\u6790\u7684\u6570\u636e\u5410\u51fa\u4fe1\u7528\u8bc4\u7ea7\u3002<\/p>\n

\u51e0\u5e74\u524d\uff0c\u6211\u975e\u5e38\u62c5\u5fc3\u8fd9\u4e9b\u4e2d\u56fd\u652f\u4ed8\u7cfb\u7edf\u4f1a\u541e\u566c\u4e16\u754c\u2014\u2014\u6216\u8005\u81f3\u5c11\u4f1a\u5728\u65b0\u5174\u5e02\u573a\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\u3002\u5bf9\u897f\u65b9\u4e16\u754c\u6765\u8bf4\u5e78\u8fd0\u7684\u662f\uff0c\u4e2d\u56fd\u5171\u4ea7\u515a\u8ba4\u4e3a\u963f\u91cc\u5df4\u5df4\u521b\u59cb\u4eba\u9a6c\u4e91\u5f97\u5230\u7684\u5229\u76ca\u592a\u5927\u4e86\uff0c\u5e76\u7ec8\u6b62\u4e86 <\/a> \u4ed6\u548c Eric Jing \u7edf\u6cbb\u4e16\u754c\u7684\u8ba1\u5212\u3002<\/p>\n

\u7136\u800c\uff0c\u4e2d\u56fd\u5728\u652f\u4ed8\u9886\u57df\u7684\u6311\u6218\u8fd8\u6ca1\u6709\u7ed3\u675f\u3002Bytedance Inc. \u975e\u5e38\u53d7\u6b22\u8fce\u7684 TikTok \u5e73\u53f0\u6b63\u5728\u5b9e\u65bd\u652f\u4ed8\u529f\u80fd\u3002\u80af\u5c3c\u4e9a\u91d1\u878d\u6280\u672f\u5de8\u5934 M-Pesa\u3001\u57c3\u585e\u4fc4\u6bd4\u4e9a\u56fd\u6709 Ethio \u7535\u4fe1\u516c\u53f8\u548c\u5df4\u57fa\u65af\u5766\u7535\u4fe1\u4f9b\u5e94\u5546 Jazz \u662f 19 \u4e2a\u56fd\u5bb6\u4f7f\u7528\u534e\u4e3a\u6280\u672f\u6709\u9650\u516c\u53f8\u79fb\u52a8\u652f\u4ed8\u5e73\u53f0\u7684\u516c\u53f8\u4e4b\u4e00\u3002\u4e2d\u56fd\u62e5\u6709\u7684\u975e\u6d32\u79fb\u52a8\u652f\u4ed8\u5e73\u53f0 OPay \u73b0\u5728\u662f\u975e\u6d32\u89c4\u6a21\u548c\u4ef7\u503c\u7b2c\u4e8c\u5927\u7684\u91d1\u878d\u79d1\u6280\u521b\u4e1a\u516c\u53f8\u3002<\/p>\n

\u4f46\u4e2d\u56fd\u653f\u7b56\u7684\u65b0\u4e3b\u65e8\u662f\u8bf4\u670d\u5176\u4ed6\u56fd\u5bb6\u7684\u4e2d\u592e\u94f6\u884c\uff0c\u901a\u8fc7\u4e2d\u592e\u94f6\u884c\u4e4b\u95f4\u7684 “\u6865\u6881”\uff0c\u5f00\u53d1\u4e0e\u4e2d\u56fd\u4e2d\u592e\u94f6\u884c\u6570\u5b57\u8d27\u5e01 e-CNY \u53ef\u4e92\u64cd\u4f5c\u7684\u6570\u5b57\u8d27\u5e01\u3002\u6cf0\u56fd\u3001\u9999\u6e2f\u548c\u963f\u62c9\u4f2f\u8054\u5408\u914b\u957f\u56fd\u6b63\u5728\u4e0e\u4e2d\u56fd\u5408\u4f5c\u5f00\u53d1\u8fd9\u79cd\u6865\u6881\u3002\u4e2d\u56fd\u7684 SWIFT \u66ff\u4ee3\u65b9\u6848–\u4ee5\u4eba\u6c11\u5e01\u8ba1\u4ef7\u7684\u8de8\u5883\u94f6\u884c\u652f\u4ed8\u7cfb\u7edf–\u73b0\u5728\u6709 100 \u4e2a\u56fd\u5bb6\u7684 1200 \u5bb6\u6210\u5458\u673a\u6784\u3002<\/p>\n

\u53e6\u4e00\u4e2a\u4e2d\u56fd\u673a\u6784\u662f\u56fd\u5bb6\u652f\u6301\u7684\u57fa\u4e8e\u533a\u5757\u94fe\u7684\u670d\u52a1\u7f51\u7edc\uff08BSN\uff09\uff0c\u5176\u76ee\u7684\u662f\u521b\u5efa\u4e00\u4e2a\u8fde\u63a5\u516c\u5171\u548c\u79c1\u4eba\u533a\u5757\u94fe\u7684\u6570\u5b57\u67b6\u6784\u30022021 \u5e74\uff0cBSN \u63a8\u51fa\u4e86\u901a\u7528\u6570\u5b57\u652f\u4ed8\u7f51\u7edc\uff0c\u65e8\u5728\u5efa\u7acb\u4e00\u4e2a “\u6807\u51c6\u5316\u7684\u6570\u5b57\u8d27\u5e01\u8f6c\u79fb\u65b9\u6cd5\u548c\u652f\u4ed8\u7a0b\u5e8f”\u3002<\/p>\n

\u6839\u636e\u4e2d\u56fd\u53bb\u5e74 8 \u6708\u7684\u62a5\u9053\uff0c\u81f3\u5c11\u6709\u4e09\u5bb6\u5916\u8d44\u94f6\u884c\u6b63\u8ba1\u5212\u901a\u8fc7\u4e0a\u6d77\u57ce\u5e02\u94f6\u884c\u5efa\u7acb\u7684\u79c1\u4eba\u6e05\u7b97\u5e73\u53f0\u63a5\u5165\u7535\u5b50\u8d27\u5e01\u3002\u6b63\u5982 2022 \u5e74 2 \u6708\u7684\u5317\u4eac\u5965\u8fd0\u4f1a\u6240\u5c55\u793a\u7684\u90a3\u6837\uff0c\u5728\u4e2d\u56fd\u7684\u5916\u56fd\u4eba\u5df2\u7ecf\u53ef\u4ee5\u5728\u6ca1\u6709\u4e2d\u56fd\u94f6\u884c\u8d26\u6237\u7684\u60c5\u51b5\u4e0b\u521b\u5efa\u81ea\u5df1\u7684\u7535\u5b50\u4eba\u6c11\u5e01\u94b1\u5305\u3002<\/p>\n

\u7136\u800c\uff0c\u5982\u679c\u4e2d\u56fd\u8ba1\u5212\u5efa\u7acb\u4e00\u79cd\u66ff\u4ee3\u7531\u7f8e\u56fd\u548c\u6b27\u6d32\u673a\u6784\u4e3b\u5bfc\u7684\u652f\u4ed8\u67b6\u6784\uff0c\u5b83\u8fd8\u6709\u5f88\u957f\u5f88\u957f\u7684\u8def\u8981\u8d70\u3002\u6839\u636e \u7f8e\u56fd\u8d22\u653f\u90e8\u7684\u6570\u636e <\/a>\uff0c\u4eca\u5e74 1 \u6708\uff0c\u5728\u4fc4\u7f57\u65af\u5165\u4fb5\u4e4c\u514b\u5170\u524d\u4e0d\u4e45\uff0c\u4e2d\u56fd\u5728\u5176\u7ea6 3 \u4e07\u4ebf\u7f8e\u5143\u7684\u5916\u6c47\u50a8\u5907\u4e2d\u6301\u6709\u7565\u9ad8\u4e8e 1 \u4e07\u4ebf\u7f8e\u5143\u7684\u7f8e\u56fd\u56fd\u503a\u3002\u6839\u636e\u56fd\u5bb6\u5916\u6c47\u7ba1\u7406\u5c40\u516c\u5e03\u7684\u6700\u65b0\u6570\u636e\uff0c\u4e2d\u56fd\u4e00\u534a\u4ee5\u4e0a\u7684\u5916\u6c47\u50a8\u5907\u4ee5\u7f8e\u5143\u8ba1\u4ef7\u3002<\/p>\n

\u5317\u4eac\u663e\u7136\u5bf9\u7f8e\u56fd\u51bb\u7ed3\u4fc4\u7f57\u65af\u592e\u884c\u50a8\u5907\u7684\u51b3\u5b9a\u611f\u5230\u9707\u60ca\u3002\u300c\u4e2d\u56fd\u7ecf\u6d4e\u5b66\u5bb6\u2026\u2026\u5bf9\u7f8e\u56fd\u5bf9\u4fc4\u7f57\u65af\u91c7\u53d6\u8fd9\u6837\u7684\u63aa\u65bd\u611f\u5230\u9707\u60ca\uff0c\u300d\u4e2d\u56fd\u793e\u4f1a\u79d1\u5b66\u9662\u7684 \u4e2d\u56fd\u7ecf\u6d4e\u5b66\u5bb6 Yu Yongding \u4e0a\u4e2a\u6708\u5199\u9053 <\/a>\u3002\u300c\u56fd\u9645\u91d1\u878d\u4f53\u7cfb\u5efa\u7acb\u5728\u6240\u6709\u53c2\u4e0e\u8005\u90fd\u5c06\u9075\u5b88\u89c4\u5219\u7684\u4fe1\u4efb\u4e4b\u4e0a\uff0c\u5c65\u884c\u503a\u52a1\u4e49\u52a1\u662f\u6700\u91cd\u8981\u7684\u89c4\u5219\u4e4b\u4e00\u3002\u4e0d\u7ba1\u662f\u4ec0\u4e48\u7406\u7531\uff0c\u51bb\u7ed3\u4e00\u4e2a\u56fd\u5bb6\u7684\u5916\u6c47\u50a8\u5907\u662f\u5bf9\u8fd9\u79cd\u4fe1\u4efb\u7684\u516c\u7136\u80cc\u53db\u2026\u2026 \u65e2\u7136\u7f8e\u56fd\u5df2\u7ecf\u8bc1\u660e\u4e86\u5b83\u4e0d\u518d\u9075\u5b88\u89c4\u5219\u7684\u610f\u613f\uff0c\u90a3\u4e48\u4e2d\u56fd\u80fd\u505a\u4e9b\u4ec0\u4e48\u6765\u4fdd\u62a4\u5176\u5916\u56fd\u8d44\u4ea7\u5462\uff1f\u6211\u4e0d\u77e5\u9053\u3002\u300d<\/p>\n

\u6211\u4e5f\u4e0d\u77e5\u9053\u3002\u4e2d\u56fd\u7684\u95ee\u9898\u5728\u4e8e\uff0c\u4eba\u4eec\u81ea 1960 \u5e74\u4ee3\u540e\u671f\u4ee5\u6765\u4e00\u76f4\u5728\u505a\u51fa\u7684\u5173\u4e8e\u7f8e\u5143\u6d88\u4ea1\u7684\u9884\u8a00\u4e0d\u65ad\u88ab\u8bc1\u660e\u662f\u9519\u8bef\u7684\u3002\u8bda\u7136\uff0c\u6b63\u5982\u52a0\u5dde\u5927\u5b66\u4f2f\u514b\u5229\u5206\u6821\u7684Barry Eichengreen<\/a> \u6240\u6307\u51fa\u7684\u90a3\u6837\uff0c\u81ea\u672c\u4e16\u7eaa\u521d\u4ee5\u6765\uff0c\u7f8e\u5143\u5728\u5df2\u5206\u914d\u56fd\u9645\u50a8\u5907\u4e2d\u7684\u4efd\u989d\u6709\u6240\u4e0b\u964d\uff0c\u4ece 71% \u964d\u81f3 59%\u3002\u4f46\u5404\u56fd\u592e\u884c\u5e76\u6ca1\u6709\u5c06\u7f8e\u5143\u5151\u6362\u6210\u4eba\u6c11\u5e01\u3002<\/p>\n

\u66f4\u53d7\u50a8\u5907\u7ba1\u7406\u8005\u6b22\u8fce\u7684\u8d27\u5e01\u662f\u52a0\u62ff\u5927\u3001\u6fb3\u5927\u5229\u4e9a\u3001\u745e\u5178\u3001\u97e9\u56fd\u548c\u65b0\u52a0\u5761\u7684\u8d27\u5e01\u3002\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u7f8e\u5143\u4e3b\u5bfc\u5730\u4f4d\u7684\u4e27\u5931\uff0c\u4e5f\u4e0d\u4f1a\u524a\u5f31\u7f8e\u56fd\u5b9e\u65bd\u91d1\u878d\u5236\u88c1\u7684\u80fd\u529b\u3002\u6b63\u5982\u4fc4\u7f57\u65af\u4eba\u6240\u53d1\u73b0\u7684\uff0c\u751a\u81f3\u745e\u58eb\u4eba\u4e5f\u613f\u610f\u53c2\u4e0e\u5bf9\u4fc4\u7f57\u65af\u7684\u50a8\u5907\u51bb\u7ed3\u3002<\/p>\n

\"\"<\/p>\n

\u8fd9\u4e5f\u4e0d\u662f\u8861\u91cf\u7f8e\u5143\u4e3b\u5bfc\u5730\u4f4d\u7684\u552f\u4e00\u6807\u51c6\u30022021 \u5e74\uff0c\u6309\u4ea4\u6613\u603b\u989d\u8ba1\u7b97\uff0c\u5728\u6240\u6709\u56fd\u9645\u652f\u4ed8\u4e2d\uff0c\u7f8e\u56fd\u8d27\u5e01\u88ab\u4f7f\u7528\u4e86 40%\u3002\u6392\u540d\u7b2c\u4e8c\u7684\u662f\u6b27\u5143\u3002\u4e2d\u56fd\u8d27\u5e01\u53ef\u601c\u5730\u6392\u5728\u7b2c\u56db\u4f4d–\u53ea\u6709 2.7%\uff0c\u751a\u81f3\u843d\u540e\u4e8e\u82f1\u9551\u3002<\/p>\n

\"\"<\/p>\n

\u7528\u5916\u4ea4\u5173\u7cfb\u59d4\u5458\u4f1a\u7684Sebastian Mallaby<\/a> \u7684\u8bdd\u8bf4\u3002<\/p>\n

\n \u7f8e\u5143\u5931\u8d25\u4e3b\u4e49\u88ab\u5927\u5927\u5730\u5938\u5927\u4e86\u3002\u5728\u5168\u4e16\u754c\uff0c\u51e0\u4e4e\u4e94\u5206\u4e4b\u4e09\u7684\u79c1\u4eba\u5916\u5e01\u94f6\u884c\u5b58\u6b3e\u662f\u4ee5\u7f8e\u5143\u6301\u6709\u7684\u3002\u7c7b\u4f3c\u4efd\u989d\u7684\u5916\u5e01\u516c\u53f8\u501f\u8d37\u662f\u4ee5\u7f8e\u5143\u8fdb\u884c\u7684\u3002…… \u7f8e\u8054\u50a8\u4f30\u8ba1\uff0c\u5916\u56fd\u4eba\u56e4\u79ef\u4e86\u5927\u7ea6\u4e00\u534a\u7684\u7f8e\u5143\u94f6\u884c\u7968\u636e\u7684\u6d41\u901a\u91cf\u3002……[\u5916\u56fd\u4e2d\u592e\u94f6\u884c ] \u6301\u6709\u7f8e\u5143\uff0c\u77e5\u9053\u522b\u4eba\u4f1a\u5f88\u4e50\u610f\u63a5\u53d7\u5b83\u4eec\uff0c\u5c31\u50cf\u8bb8\u591a\u4eba\u5b66\u4e60\u82f1\u8bed\u662f\u56e0\u4e3a\u522b\u4eba\u4f1a\u8bf4\u82f1\u8bed\u4e00\u6837\u3002…… \u4eba\u6c11\u5e01\u7684\u5e38\u8bbe\u4fe1\u8d37\u989d\u5ea6\u5728\u91d1\u878d\u65b9\u9762\u76f8\u5f53\u4e8e\u6d41\u5229\u7684\u4e16\u754c\u8bed\u3002\n<\/p><\/blockquote>\n

\u6b63\u5982\u591a\u4ea7\u7684\u7ecf\u6d4e\u5386\u53f2\u5b66\u5bb6Adam Tooze<\/a> \u6240\u6307\u51fa\u7684\uff0c\u5176\u4ed6\u53d1\u884c\u50a8\u5907\u8d27\u5e01\u7684\u4e2d\u592e\u94f6\u884c\u90fd\u5728\u7f8e\u8054\u50a8\u7684\u4e92\u6362\u7ebf\u7684\u53e6\u4e00\u7aef\uff0c\u8fd9\u662f\u5728 2008 \u5e74\u5e95\u548c 2020 \u5e74\u521d\u7b49\u91d1\u878d\u5371\u673a\u65f6\u671f\u7684\u5173\u952e\u6d41\u52a8\u6027\u6765\u6e90\u3002Meyrick Chapman<\/a> \u6709\u8bf4\u670d\u529b\u5730\u8ba4\u4e3a\uff0c\u5bf9\u4e8e\u5168\u7403\u7ecf\u6d4e\u6765\u8bf4\uff0c”\u7f8e\u56fd\u4ecd\u7136\u662f ‘ \u6700\u540e\u7684\u6d88\u8d39\u8005 ‘\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u6539\u53d8\u4e4b\u524d\uff0c\u7f8e\u5143\u5c06\u4fdd\u6301\u5176\u4e0a\u5347\u52bf\u5934\u3002”<\/p>\n

\u6240\u6709\u8fd9\u4e9b\u90fd\u6709\u52a9\u4e8e\u89e3\u91ca\u6211\u4eec\u4eca\u5e74\u770b\u5230\u7684\u975e\u51e1\u7684\u7f8e\u5143\u6da8\u52bf\uff0c\u5b83\u6bd4\u5927\u591a\u6570\u5176\u4ed6\u4e3b\u8981\u8d27\u5e01\u90fd\u8981\u6709\u66f4\u660e\u663e\u7684\u52a0\u5f3a\uff0c\u7279\u522b\u662f\u65e5\u5143\uff0c\u81ea 2021 \u5e74\u521d\u4ee5\u6765\uff0c\u65e5\u5143\u8d2c\u503c\u4e86\u8fd1 27%\u3002\u6b27\u5143\u4e0b\u8dcc\u4e86 16%\uff0c\u82f1\u9551\u4e0b\u8dcc\u4e86 10%\u3002<\/p>\n

\"\"<\/p>\n

\u56e0\u6b64\uff0c\u6211\u4eec\u80fd\u5426\u50cf Larry Summers \u4e00\u6837\uff0c\u5c06\u52a0\u5bc6\u8d27\u5e01\u4ec5\u4ec5\u89c6\u4e3a\u4e00\u79cd\u5b9e\u9a8c\uff1f\u6709\u4e9b\u4eba\u53ef\u80fd\u4f1a\u8d70\u5f97\u66f4\u8fdc\uff0c\u8c34\u8d23\u5b83\u4e0d\u6bd4\u4e00\u5806\u5e9e\u6c0f\u9a97\u5c40\u66f4\u597d\u3002\u6839\u636eCoinMarketCap<\/a> \u7684\u6570\u636e\uff0c\u73b0\u5728\u5b58\u5728 10,000 \u5230 20,000 \u79cd\u4e0d\u540c\u7684\u52a0\u5bc6\u8d27\u5e01\u3002\u5373\u4f7f\u5b83\u4eec\u7684\u8bbe\u8ba1\u548c\u7ba1\u7406\u90fd\u65e0\u53ef\u6311\u5254\uff0c\u90a3\u4e5f\u592a\u8fc7\u5206\u4e86\u3002<\/p>\n

\u52a0\u5bc6\u8d27\u5e01\u5144\u5f1f\u4e4b\u95f4\u6709\u5f88\u591a\u95f2\u804a\u3002\u5f53\uff08\u4f8b\u5982\uff09 Galaxy Digital LP \u7684Mike Novogratz<\/a> \u8c08\u5230\u4ed6\u6700\u559c\u6b22\u7684\u7a33\u5b9a\u5e01 Terraform Labs \u7684 UST \u65f6\uff0c\u4eba\u4eec\u4f1a\u600e\u4e48\u60f3\uff0c\u300c\u53ea\u8981\u94f6\u884c\u6ca1\u6709\u6324\u5151\uff0c\u4e00\u5207\u90fd\u5f88\u597d\u300d\u3002\u4ec0\u4e48\uff0c\u6bd4\u5982 Lehman \u5144\u5f1f\uff1f<\/p>\n

\u6216\u8005\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240 FTX \u7684\u521b\u59cb\u4eba Sam Bankman-Fried \u7684\u8fd9\u6bb5\u8bdd\u5982\u4f55\uff0c\u4ed6\u88ab\u8981\u6c42\u5728\u5f6d\u535a\u793e\u7684 “Odd Lots “\u64ad\u5ba2\u4e2d\u89e3\u91ca\u6536\u76ca\u8015\u4f5c\u7684\u505a\u6cd5\u3002\u7b80\u5355\u5730\u8bf4\uff0c\u6536\u76ca\u7387\u8015\u4f5c\u5c31\u662f\u501f\u7528\u522b\u4eba\u7684\u52a0\u5bc6\u4ee3\u5e01\u6765\u6362\u53d6\u81ea\u5df1\u7684 “\u6cbb\u7406\u4ee3\u5e01”\uff0c\u7136\u540e\u628a\u501f\u6765\u7684\u4ee3\u5e01\u6362\u6210\u6536\u76ca\u7387\u66f4\u9ad8\u7684 DeFi\uff08\u53bb\u4e2d\u5fc3\u5316\u91d1\u878d\uff09\u5de5\u5177\u3002Bankman-Fried \u662f\u8fd9\u6837\u8bf4\u7684 <\/a>\u3002<\/p>\n

\n \u5c31\u50cf\u8fd9\u662f\u4e00\u4e2a\u6709\u4ef7\u503c\u7684\u76d2\u5b50\uff0c\u6b63\u5982\u4eba\u4eec\u663e\u7136\u5df2\u7ecf\u51b3\u5b9a\u5e94\u8be5\u653e\u5728\u76d2\u5b50\u91cc\u7684\u6240\u6709\u94b1\u6240\u663e\u793a\u7684\u90a3\u6837\u3002\u6211\u4eec\u6709\u4ec0\u4e48\u8d44\u683c\u8bf4\u4ed6\u4eec\u662f\u9519\u7684\u5462\uff1f\u2009…… \u56e0\u6b64\uff0c\u4f60\u77e5\u9053\uff0c[\u6cbb\u7406 ] \u4ee3\u5e01\u4ef7\u683c\u5927\u6da8\u3002\u73b0\u5728\u5b83\u662f\u4e00\u4e2a 1.3 \u4ebf\u7f8e\u5143\u5e02\u503c\u7684\u4ee3\u5e01\uff0c\u56e0\u4e3a\uff0c\u4f60\u77e5\u9053\uff0c\u4eba\u4eec\u5bf9\u76d2\u5b50\u7684\u4f7f\u7528\u662f\u770b\u597d\u7684\u3002\u5f53\u7136\uff0c\u73b0\u5728\u7a81\u7136\u95f4\uff0c\u806a\u660e\u7684\u94b1[\u53bb\u548c ] \u53e6\u5916 3 \u4ebf\u7f8e\u5143\u7684\u76d2\u5b50\u548c …… \u5b83\u53bb\u5230\u65e0\u9650\u5927\u3002\u7136\u540e\u6bcf\u4e2a\u4eba\u90fd\u8d5a\u94b1\u4e86\u3002\n<\/p><\/blockquote>\n

\u4e0d\u8981\u4ecb\u610f\u72c2\u91ce\u7684\u897f\u90e8\uff1b\u8fd9\u662f\u53e4\u602a\u7684\u897f\u90e8\u3002\u6839\u636e\u533a\u5757\u94fe\u5206\u6790\u516c\u53f8 Elliptic \u7684\u4e00\u4efd\u62a5\u544a <\/a>\uff0c2021 \u5e74\uff0c\u5927\u7ea6\u6709 100 \u4ebf\u7f8e\u5143\u7684 DeFi \u9879\u76ee\u56e0\u5404\u79cd\u9ed1\u5ba2\u548c\u9a97\u5c40\u800c\u635f\u5931\u3002\u5728\u4e00\u4e2a\u6848\u4f8b\u4e2d\uff0c\u65e0\u804a\u7684\u733f\u7334\u6e38\u8247\u4ff1\u4e50\u90e8\u7684\u6210\u5458 <\/a>–\u4ed6\u4eec\u6536\u96c6\u7684\u662f\u65e0\u804a\u7684\u733f\u7334\u7684\u975e\u98ce\u9761\u6027\u4ee3\u5e01\u5361\u901a–\u88ab\u9a97\uff0c\u4ea4\u51fa\u4e86\u4ed6\u4eec\u52a0\u5bc6\u8d27\u5e01\u94b1\u5305\u7684\u5bc6\u7801\u3002<\/p>\n

\u5f53\u4f60\u8bfb\u5230\u8fd9\u6837\u7684\u6545\u4e8b\u65f6\uff0c\u4f60\u5f00\u59cb\u7406\u89e3\u4e16\u754c\u5404\u5730\u8fd9\u4e48\u591a\u4e2d\u592e\u94f6\u884c\u5bb6\u548c\u91d1\u878d\u76d1\u7ba1\u673a\u6784\u5173\u95ed\u6574\u4e2a\u52a0\u5bc6\u8d27\u5e01\u9a6c\u620f\u56e2\u7684\u5f3a\u70c8\u51b2\u52a8\u3002\u4e00\u4e9b\u56fd\u5bb6\u5df2\u7ecf\u7981\u6b62\u4f7f\u7528\u52a0\u5bc6\u8d27\u5e01\u8fdb\u884c\u652f\u4ed8\u4ee5\u53ca\u6bd4\u7279\u5e01\u5f00\u91c7\uff1a\u4e0d\u4ec5\u662f\u4e2d\u56fd\uff0c\u8fd8\u6709\u963f\u5c14\u53ca\u5229\u4e9a\u3001\u5b5f\u52a0\u62c9\u56fd\u3001\u73bb\u5229\u7ef4\u4e9a\u3001\u57c3\u53ca\u3001\u6469\u6d1b\u54e5\u548c\u5c3c\u6cca\u5c14\u3002<\/p>\n

\u6709\u4e00\u4e9b\u6b27\u6d32\u548c\u7f8e\u56fd\u5b98\u5458\u5373\u4f7f\u4e0d\u7981\u6b62\u52a0\u5bc6\u8d27\u5e01\uff0c\u4e5f\u4f1a\u5bf9\u5176\u8fdb\u884c\u66f4\u4e25\u683c\u7684\u76d1\u7ba1\uff0c\u6bd4\u5982\u6b27\u6d32\u4e2d\u592e\u94f6\u884c\u7684\u6cd5\u6bd4\u5965-\u5e15\u5185\u5854\u3001\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\u7684\u52a0\u91cc-\u6839\u65af\u52d2\u548c\u7f8e\u56fd\u8d27\u5e01\u76d1\u7406\u7f72\u7684\u8fc8\u514b\u5c14-\u5f90\uff0c\u4ed6\u6700\u8fd1\u5c06\u52a0\u5bc6\u8d27\u5e01\u7684\u73b0\u72b6\u4e0e 2008-9 \u5e74\u91d1\u878d\u5371\u673a\u524d\u7684 “\u50bb\u74dc\u5f0f\u6dd8\u91d1\u70ed “\u8fdb\u884c\u4e86\u6bd4\u8f83\u3002<\/p>\n

\u6211\u4eec\u5df2\u7ecf\u77e5\u9053\u5e03\u9c81\u585e\u5c14\u4f1a\u8d70\u54ea\u6761\u8def\u3002\u6b27\u76df\u59d4\u5458\u4f1a\u7684\u300a\u52a0\u5bc6\u8d44\u4ea7\u5e02\u573a\u6761\u4f8b\u300b\u6b63\u5728\u6b27\u6d32\u5b98\u50da\u673a\u6784\u4e2d\u78e8\u5408\uff0c\u8be5\u6761\u4f8b\u5c06\u8981\u6c42\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u5bf9\u6bcf\u4e2a\u4e70\u5356\u6570\u5b57\u8d44\u4ea7\u7684\u4eba\u8fdb\u884c\u5168\u9762\u62ab\u9732 <\/a>\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u82f1\u56fd\u653f\u5e9c\u663e\u7136\u5e0c\u671b\u5c06\u66f4\u591a\u7684\u52a0\u5bc6\u8d27\u5e01\u4e1a\u52a1\u5438\u5f15\u5230\u4f26\u6566–\u56e0\u6b64\uff0c\u8d22\u653f\u5927\u81e3 Rishi Sunak \u5efa\u8bae\u53ef\u656c\u7684\u7687\u5bb6\u94f8\u5e01\u5382\u5e94\u8be5\u5f00\u53d1\u4e00\u4e2a NFT\uff0c\u91d1\u878d\u65f6\u62a5\u7684 Patrick Jenkins \u5bf9\u8fd9\u4e00\u5efa\u8bae\u4e0d\u4ee5\u4e3a\u7136 <\/a>\uff08”\u52a0\u5bc6\u8d27\u5e01\u5d07\u62dc\u6563\u53d1\u51fa\u4e00\u79cd\u5be1\u5934\u5f0f\u7684\u50b2\u6162”\uff09\u3002<\/p>\n

\u4f46\u7f8e\u56fd\u4f1a\u9009\u62e9\u505a\u4ec0\u4e48\u5462\uff1f\u53bb\u5e74\uff0cGenslerites \u4f3c\u4e4e\u5360\u4e86\u4e0a\u98ce\uff0c\u6b27\u6d32\u5f0f\u7684\u76d1\u7ba1\u53ea\u662f\u4e00\u4e2a\u65f6\u95f4\u95ee\u9898\u3002\u6240\u6709\u8fd9\u4e00\u5207\u90fd\u968f\u7740\u53bb\u5e74\u57fa\u7840\u8bbe\u65bd\u6cd5\u6848\u5728\u73af\u5f62\u516c\u8def\u5185\u7206\u53d1\u7684\u6597\u4e89\u800c\u6539\u53d8\uff0c\u8fd9\u8ba9\u76f8\u5f53\u591a\u7684\u6c11\u4e3b\u515a\u7acb\u6cd5\u8005\u8b66\u89c9\u5230\uff0c\u7f8e\u56fd\u7684\u52a0\u5bc6\u8d27\u5e01\u793e\u533a\u73b0\u5728\u65e2\u6709\u9009\u7968\u53c8\u6709\u7f8e\u5143\u3002<\/p>\n

\u6839\u636e Morning Consult \u6700\u8fd1\u7684\u4e00\u9879\u8c03\u67e5\uff0c20% \u7684\u7f8e\u56fd\u6210\u5e74\u4eba\u548c 36% \u7684\u5343\u79a7\u4e00\u4ee3\u62e5\u6709\u52a0\u5bc6\u8d27\u5e01\u3002\u6b63\u5982Kevin Roose<\/a> \u5728\u300a\u7ebd\u7ea6\u65f6\u62a5\u300b\u7684\u4e00\u7bc7\u957f\u7bc7\u5165\u95e8\u6587\u7ae0\u4e2d\u6307\u51fa\u7684\u90a3\u6837\uff0c\u52a0\u5bc6\u7a81\u7136\u65e0\u5904\u4e0d\u5728\uff0cMatt Damon \u548c Larry David \u5728\u505a\u5e7f\u544a\uff0c\u8fc8\u963f\u5bc6\u548c\u7ebd\u7ea6\u5e02\u7684\u5e02\u957f\u5439\u6367\u4ed6\u4eec\u652f\u6301\u6bd4\u7279\u5e01\u7684\u8d44\u683c\uff0c\u79d1\u7f57\u62c9\u591a\u5dde\u548c\u4f5b\u7f57\u91cc\u8fbe\u5dde\u4e89\u76f8\u6210\u4e3a\u6392\u540d\u7b2c\u4e00\u7684\u52a0\u5bc6\u8d27\u5e01\u5dde\uff0c\u4e24\u4e2a\u4ee5\u52a0\u5bc6\u8d27\u5e01\u516c\u53f8\u547d\u540d\u7684 NBA \u7ade\u6280\u573a\uff0c\u4ee5\u53ca\u767e\u4e8b\u53ef\u4e50\u548c Applebee \u90fd\u63d0\u4f9b\u81ea\u5df1\u7684 NFT\u3002\u6700\u91cd\u8981\u7684\u662f\uff0c\u300c\u52a0\u5bc6\u4f01\u4e1a\u5bb6\u6b63\u5728\u5411\u5019\u9009\u4eba\u548c\u4e8b\u4e1a\u6350\u8d60\u6570\u767e\u4e07\u7f8e\u5143\uff0c\u6e38\u8bf4\u516c\u53f8\u5df2\u7ecf\u5728\u5168\u56fd\u8303\u56f4\u5185\u5c55\u5f00\uff0c\u4ee5\u8d62\u5f97\u5bf9\u652f\u6301\u52a0\u5bc6\u7acb\u6cd5\u7684\u652f\u6301\u3002\u300d<\/p>\n

\u6240\u6709\u8fd9\u4e9b\u6e38\u8bf4\u7684\u7b2c\u4e00\u4e2a\u6210\u679c\u662f\u767d\u5bab\u4e8e 2022 \u5e74 3 \u6708 8 \u65e5\u53d1\u5e03\u7684\u5173\u4e8e “\u8d1f\u8d23\u4efb\u5730\u53d1\u5c55\u6570\u5b57\u8d44\u4ea7 “\u7684\u884c\u653f\u547d\u4ee4 <\/a>\u3002<\/p>\n

\u53bb\u5e74\u7684\u654c\u5bf9\u6027\u8bed\u8a00\u5df2\u7ecf\u6d88\u5931\u4e86\u3002”\u6570\u5b57\u8d44\u4ea7\u7684\u5174\u8d77\u521b\u9020\u4e86\u4e00\u4e2a\u673a\u4f1a\uff0c\u4ee5\u52a0\u5f3a\u7f8e\u56fd\u5728\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u548c\u6280\u672f\u524d\u6cbf\u7684\u9886\u5bfc\u5730\u4f4d\uff0c”EO \u8bf4\u3002”\u7f8e\u56fd\u5fc5\u987b\u5728\u8fd9\u4e2a\u5feb\u901f\u589e\u957f\u7684\u9886\u57df\u4fdd\u6301\u6280\u672f\u9886\u5148\u5730\u4f4d\uff0c\u652f\u6301\u521b\u65b0\uff0c\u540c\u65f6\u51cf\u5c11\u5bf9\u6d88\u8d39\u8005\u3001\u4f01\u4e1a\u3001\u66f4\u5e7f\u6cdb\u7684\u91d1\u878d\u7cfb\u7edf\u548c\u6c14\u5019\u7684\u98ce\u9669\u3002”<\/p>\n

\u8fd9\u662f\u52a0\u5bc6\u8d27\u5e01\u5728\u534e\u76db\u987f\u7684\u9ad8\u5174\u81ea\u4fe1\u7684\u65e9\u6668\u3002”\u6211\u4eec\u6b63\u5904\u5728\u4e00\u4e2a\u4e0e\u52a0\u5bc6\u8d27\u5e01\u7c7b\u4f3c\u7684\u65f6\u523b\uff0c”\u6c11\u4e3b\u515a\u53c2\u8bae\u5458\u7f57\u6069-\u6000\u767b\u6700\u8fd1\u5ba3\u79f0\uff0c”\u4e0e\u6211\u4eec 30 \u5e74\u524d\u4e92\u8054\u7f51\u65e9\u671f\u7684\u65f6\u523b\u7c7b\u4f3c\u3002” \u6211\u5728\u7845\u8c37\u4e5f\u7ecf\u5e38\u542c\u5230\u8fd9\u79cd\u8bf4\u6cd5\u3002\u4f46\u5b83\u5230\u5e95\u662f\u4ec0\u4e48\u610f\u601d\uff1f<\/p>\n

\u4eba\u4eec\u666e\u904d\u8ba4\u4e3a\uff0c\u7f8e\u56fd\u5728\u4e92\u8054\u7f51\u524d\u4e24\u4e2a\u65f6\u4ee3\u7684\u4e3b\u5bfc\u5730\u4f4d–Web 1.0\uff08\u62e5\u6709\u7535\u5b50\u90ae\u4ef6\u548c\u7f51\u9875\u7684\u4e66\u5446\u5b50\uff09\u548c Web 2.0\uff08\u901a\u8fc7\u5efa\u7acb\u5e73\u53f0\u8d5a\u94b1\u7684\u4e66\u5446\u5b50\uff09–\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u5f52\u529f\u4e8e\u56fd\u4f1a\u5728 20 \u4e16\u7eaa 90 \u5e74\u4ee3\u901a\u8fc7\u7684\u76f8\u5bf9\u5bbd\u677e\u7684\u7acb\u6cd5\uff0c\u7279\u522b\u662f 1996 \u5e74\u7684\u300a\u901a\u4fe1\u793c\u4eea\u6cd5\u300b\uff0c\u5c24\u5176\u662f\u5176\u7b2c 230 \u6761\u3002<\/p>\n

\u4ece\u672c\u8d28\u4e0a\u8bb2\uff0c\u7b2c 230 \u6761\u4e3a\u4e92\u8054\u7f51\u5e73\u53f0\u7684\u5feb\u901f\u53d1\u5c55\u521b\u9020\u4e86\u4e00\u4e2a\u7279\u6b8a\u7684\u76d1\u7ba1\u7a7a\u95f4\uff0c\u514d\u9664\u4e86\u5b83\u4eec\u4e0e\u51fa\u7248\u516c\u53f8\u76f8\u5173\u7684\u6cd5\u5f8b\u8d23\u4efb\uff0c\u540c\u65f6\u4e5f\u8ba9\u5b83\u4eec\u6709\u6743\u6839\u636e\u81ea\u5df1\u7684\u9700\u8981\u5bf9\u5185\u5bb9\u8fdb\u884c\u8c03\u8282\u3002\u5bf9\u4eca\u5929\u7684\u7acb\u6cd5\u8005\u6765\u8bf4\uff0c\u771f\u6b63\u6709\u8da3\u7684\u95ee\u9898\u662f\u3002DeFi\/Web 3.0 \u7684\u7b2c 230 \u6761\u4f1a\u662f\u4ec0\u4e48\u6837\u5b50\uff1f\u5728\u4e00\u7bc7\u5177\u6709\u717d\u52a8\u6027\u7684\u65b0\u535a\u6587\u4e2d\uff0cManny Rincon Cruz<\/a> \u63d0\u51fa\u4e86\u4e09\u4e2a\u8981\u7d20\u3002
\n* \u53bb\u4e2d\u5fc3\u5316\u534f\u8bae\u7684\u5f00\u53d1\u8005\u6ca1\u6709\u865a\u62df\u8d44\u4ea7\u670d\u52a1\u63d0\u4f9b\u5546\uff08VASP\uff09\u7684\u5730\u4f4d\u3002\u4ee3\u7801\u5df2\u7ecf\u4f5c\u4e3a\u8a00\u8bba\u81ea\u7531\u53d7\u5230\u4fdd\u62a4\uff0c\u53bb\u4e2d\u5fc3\u5316\u534f\u8bae\u6ca1\u6709\u4e2d\u95f4\u5546\u63d0\u4f9b\u4ea4\u6362\u3001\u6258\u7ba1\u6216\u8f6c\u8ba9\u670d\u52a1\uff0c\u56e0\u4e3a DeFi \u7528\u6237\u76f4\u63a5\u76f8\u4e92\u4ea4\u6613\u3002
\n* \u5c06 DeFi \u7684 “\u6f0f\u6d1e “\u6392\u9664\u5728\u300a\u8ba1\u7b97\u673a\u6b3a\u8bc8\u548c\u6ee5\u7528\u6cd5\u300b\uff08CFAA\uff09\u4e4b\u5916\u3002\u5f53\u7528\u6237\u4e0e\u534f\u8bae\u4e92\u52a8\u65f6\uff0c\u7531\u4e8e\u5176\u4ee3\u7801\u7684\u7f16\u5199\uff0c\u5e76\u901a\u8fc7\u5229\u7528\u5957\u5229\u673a\u4f1a\u6216\u8bbe\u8ba1\u4e0a\u7684\u5f31\u70b9\u83b7\u5229\uff0c\u5c31\u4f1a\u51fa\u73b0\u6f0f\u6d1e\u3002\u53ea\u8981\u7528\u6237\u4e0d\u8fdd\u53cd\u5176\u4ed6\u5211\u4e8b\u6cd5\u5f8b\uff0c\u6f0f\u6d1e\u5c31\u4f1a\u901a\u8fc7\u66b4\u9732\u4ee3\u7801\u7684\u6f0f\u6d1e\u6765\u5e2e\u52a9 DeFi\u3002
\n* Circle \u548c Tether \u7b49\u7a33\u5b9a\u5e01\u53d1\u884c\u5546\u6ca1\u6709\u94f6\u884c\u7ae0\u7a0b\u8981\u6c42\u3002\u4e0e\u94f6\u884c\u5b58\u6b3e\u4e0d\u540c\uff0c\u7528\u6237\u53ef\u4ee5\u51fa\u552e\u4ed6\u4eec\u7684 USDC \u6216 USDT \u800c\u4e0d\u9700\u8981\u8d4e\u56de\u3002\u7531\u4e8e\u8fd9\u4e9b\u7a33\u5b9a\u5e01\u4e0d\u80fd\u4ea7\u751f “\u94f6\u884c\u6324\u5151”\uff0c\u5b83\u4eec\u4e0d\u5e94\u8be5\u53d7\u5230\u94f6\u884c\u7279\u5b9a\u6cd5\u89c4\u7684\u7ea6\u675f\u3002<\/p>\n

\u6beb\u65e0\u7591\u95ee\uff0c\u8fd9\u53ea\u662f\u5173\u4e8e Web3.0 \u7684\u8f7b\u89e6\u5f0f\u76d1\u7ba1\u53ef\u80fd\u662f\u4ec0\u4e48\u6837\u5b50\u7684\u8fa9\u8bba\u7684\u5f00\u59cb\u3002\u4f46\u8fd9\u80af\u5b9a\u662f\u4e00\u573a\u6bd4\u5173\u4e8e\u5982\u4f55\u8d85\u8d8a\u6b27\u6d32\u4eba\u7684\u8fa9\u8bba\u66f4\u597d\u7684\u8fa9\u8bba\u3002\u5173\u952e\u662f\uff0c\u7f8e\u5143\u7684\u4e3b\u5bfc\u5730\u4f4d\u548c\u84ec\u52c3\u53d1\u5c55\u7684\u52a0\u5bc6\u8d27\u5e01\u4e0d\u662f\u5f7c\u6b64\u7684\u66ff\u4ee3\u54c1\uff0c\u800c\u662f\u4e92\u8865\u7684\u3002\u6b63\u5982\u6bd4\u7279\u5e01\u4ece\u6765\u5c31\u4e0d\u662f–\u4e5f\u6c38\u8fdc\u4e0d\u4f1a\u662f–\u7f8e\u5143\u7684\u66ff\u4ee3\u54c1\u4e00\u6837\uff0cDeFi \u4e5f\u662f\u5bf9\u73b0\u6709\u91d1\u878d\u4f53\u7cfb\u7684\u8865\u5145\uff0c\u800c\u4e0d\u662f\u66ff\u4ee3\uff0c\u6211\u4eec\u65e0\u7591\u5c06\u5728\u672a\u6765\u51e0\u5341\u5e74\u7ee7\u7eed\u4f7f\u7528\u73b0\u6709\u91d1\u878d\u4f53\u7cfb\uff0c\u4ee5\u652f\u4ed8\u6211\u4eec\u7684\u7a0e\u6b3e\uff0c\u6211\u731c\u8fd8\u6709\u6211\u4eec\u96c7\u5458\u7684\u5de5\u8d44\u548c\u6c34\u7535\u8d39\u3002<\/p>\n

\u6bd4\u7279\u5e01\u4e0d\u4f1a\u5e26\u6765\u4e16\u754c\u548c\u5e73\uff0c\u5c3d\u7ba1\u4e00\u4e9b\u65e9\u671f\u7684\u7231\u597d\u8005\u6709\u8fd9\u6837\u7684\u5e0c\u671b\u3002\u4e5f\u4e0d\u4f1a\u50cf\u4e00\u4e9b\u6fc0\u8fdb\u7684\u81ea\u7531\u4e3b\u4e49\u8005\u66fe\u7ecf\u60f3\u8c61\u7684\u90a3\u6837\uff0c\u5c06\u6211\u4eec\u4ece\u6c11\u65cf\u56fd\u5bb6\u7684\u4fdd\u62a4\u6027\uff08\u6709\u65f6\u662f\u7a92\u606f\u6027\uff09\u7684\u6000\u62b1\u4e2d\u89e3\u653e\u51fa\u6765\u3002\u4f46\u662f\uff0c\u5982\u679c\u53bb\u4e2d\u5fc3\u5316\u7684\u91d1\u878d\u50cf\u7535\u5b50\u5546\u52a1\u4e00\u6837\u6210\u4e3a\u7f8e\u56fd\u7684\u6210\u529f\u6545\u4e8b\uff0c\u90a3\u4e48\u5b83\u5c06\u4e3a\u5916\u56fd\u4eba\u5728\u7f8e\u56fd\u6295\u8d44\u63d0\u4f9b\u53e6\u4e00\u4e2a\u7406\u7531\u2014\u2014\u56e0\u6b64\u4e5f\u4f1a\u62e5\u6709\u5e76\u4f7f\u7528\u4eb2\u7231\u7684\u8001\u7f8e\u5143\u8fdb\u884c\u4ea4\u6613\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u6848\uff1a\u524d\u94fe\u95fb\u7684 Liu Feng \u8001\u5e08 \u5728\u63a8\u7279 \u547c\u5401\u4e2d\u56fd\u6709\u8fdc\u89c1\u7684\u653f\u7b56\u5236\u5b9a\u8005\u548c\u771f\u5fc3\u671f\u76fc\u4e2d\u56fd\u5f3a\u5927\u7684\u7231\u56fd\u8005\uff0c\u8bfb\u4e00\u4e0b Niall Ferguson\uff08\u7b97\u662f\u76ee\u524d\u6700\u9876\u5c16\u7684\u91d1\u878d\u5386\u53f2\u5b66\u5bb6\u4e86\u5427\uff09\u7684 \u6700\u65b0\u6587\u7ae0\uff0c\u6211\u8bfb\u5b8c\u89c9\u5f97\u786e\u5b9e\u86ee\u6709\u9053\u7406\uff0c\u4e8e\u662f\u7a0d\u5fae\u7ffb\u8bd1\u4e86\u4e00\u4e0b\u3002\u3002\u3002 \u52a0\u5bc6\u8d27\u5e01\u548c\u7f8e\u5143\u662f\u5408\u4f5c\u4f19\u4f34\uff0c\u800c\u4e0d\u662f\u7ade\u4e89\u5bf9\u624b \u65b0\u51a0\u75ab\u60c5\u4e0e\u4fc4\u4fb5\u4e4c\u6218\u4e89\u6240\u5e26\u6765\u7684\u7834\u574f\uff0c\u663e\u793a\u4e86\u897f\u65b9\u5236\u5ea6\u7684\u4f18\u52bf\u548c\u4e2d\u56fd\u5236\u5ea6\u7684\u5f31\u70b9\u3002 “\u6211\u5e0c\u671b\u5b83\u80fd\u521b\u9020\u4e16\u754c\u548c\u5e73\uff0c\u6216\u5e2e\u52a9\u521b\u9020\u4e16\u754c\u548c\u5e73\u3002” \u8fd9\u662f\u524d Twitter \u516c\u53f8\u9996\u5e2d\u6267\u884c\u5b98\u3001\u73b0\u4efb\u6570\u5b57\u652f\u4ed8\u516c\u53f8 Block Inc. \u8d1f\u8d23\u4eba\u6770\u514b-\u591a\u5c14\u897f (Jack Dorsey) \u5728 2021 \u5e74 7 \u6708\u7684\u4e00\u6b21\u7f51\u7edc\u7814\u8ba8\u4f1a\u4e0a\u5bf9\u6bd4\u7279\u5e01\u7684\u8bc4\u4ef7\u3002 \u66f4\u6709\u53ef\u80fd\u7684\u662f\uff0c\u6218\u4e89\u521b\u9020\u4e86\u5168\u7403\u5bf9\u6bd4\u7279\u5e01\u7684\u66f4\u5927\u80c3\u53e3\u3002\u52a8\u8361\u7684\u65f6\u4ee3\u5f80\u5f80\u4e0e\u8d27\u5e01\u8f6c\u578b\u6709\u5173\u3002\u4e00\u4e2a\u5178\u578b\u7684\u4f8b\u5b50\u662f\uff0c\u5728\u9ed1\u6b7b\u75c5\u548c\u767e\u5e74\u6218\u4e89\u65f6\u671f\uff0c\u82f1\u56fd\u7684\u8d27\u5e01\u4f53\u7cfb\u88ab\u4ece\u6839\u672c\u4e0a\u6539\u53d8\u4e86 \u3002 \u761f\u75ab\u8fc7\u540e\uff0c\u5546\u54c1\u4ef7\u683c\u98d9\u5347–\u5c24\u5176\u662f\u76d0\uff0c\u5176\u4ef7\u683c\u4ece 1347 \u5e74\u5230 1352 \u5e74\u4e0a\u6da8\u4e86 7 \u500d\u3002\u540c\u65f6\uff0c\u9ed1\u6b7b\u75c5\u7684\u5e78\u5b58\u8005\u80fd\u591f\u5229\u7528\u7d27\u5f20\u7684\u52b3\u52a8\u529b\u5e02\u573a\uff0c\u7528\u5c01\u5efa\u675f\u7f1a\u6362\u53d6\u73b0\u91d1\u5de5\u8d44\u3002\u82f1\u56fd\u7ecf\u6d4e\u53d8\u5f97\u8d8a\u6765\u8d8a\u8d27\u5e01\u5316\u3002 \u4e0e\u6b64\u540c\u65f6\uff0c\u6b27\u6d32\u5546\u4eba\u5f00\u53d1\u4e86\u4e00\u79cd\u65b0\u5f62\u5f0f\u7684\u70b9\u5bf9\u70b9\u4fe1\u8d37\u5de5\u5177–\u6c47\u7968\uff0c\u4fc3\u8fdb\u4e86\u82f1\u56fd\u3001\u4f4e\u5730\u56fd\u5bb6\u548c\u610f\u5927\u5229\u5317\u90e8\u4e4b\u95f4\u7684\u8d38\u6613\u3002 \u66f4\u8fd1\u7684\u4f8b\u5b50\u6bd4\u6bd4\u7686\u662f\u3002\u897f\u73ed\u7259\u5728\u65b0\u4e16\u754c\u7684\u5f81\u670d\u6539\u53d8\u4e86\u5168\u7403\u7ecf\u6d4e\uff0c\u589e\u52a0\u4e86\u767d\u94f6\u548c\u9ec4\u91d1\u7684\u4f9b\u5e94\uff0c\u5176\u4e2d\u5927\u90e8\u5206\u7528\u4e8e\u652f\u4ed8\u54c8\u5e03\u65af\u5821\u5bb6\u65cf\u7684\u6b27\u6d32\u6218\u4e89\u3002\u5927\u82f1\u5e1d\u56fd\u7684\u6269\u5f20\u8f93\u51fa\u4e86\u91d1\u672c\u4f4d\u5236\uff0c\u521b\u9020\u4e86\u4e00\u4e2a\u65b0\u7684\u3001\u66f4\u7a33\u5b9a\u7684\u56fd\u9645\u8d27\u5e01\u4f53\u7cfb\uff0c\u5176\u4e2d\u82f1\u9551\u662f\u4e3b\u5bfc\u8d27\u5e01\u3002\u4e16\u754c\u5927\u6218\u4f7f\u82f1\u56fd\u88ab\u503a\u52a1\u62d6\u57ae\uff0c\u5e76\u8fce\u6765\u4e86\u7b2c\u4e00\u4e2a\u7f8e\u5143\u4e3b\u5bfc\u7684\u65f6\u4ee3\uff0c\u7f8e\u56fd\u8d27\u5e01\u4e0e\u9ec4\u91d1\u6302\u94a9\uff0c\u6240\u6709\u5176\u4ed6\u4e3b\u8981\u8d27\u5e01\u90fd\u4e0d\u90a3\u4e48\u4e25\u683c\u5730\u4e0e\u7f8e\u5143\u6302\u94a9\u3002 1971 \u5e74\uff0c\u53c8\u662f\u51b2\u7a81\u7ed3\u675f\u4e86\u5e03\u96f7\u987f\u68ee\u6797\u4f53\u7cfb\u3002\u968f\u7740\u8d8a\u5357\u6218\u4e89\u7684\u62d6\u5ef6\uff0c\u7406\u67e5\u5fb7-\u5c3c\u514b\u677e\u603b\u7edf \u6253\u7834\u4e86\u7f8e\u5143\u4e0e\u9ec4\u91d1\u7684\u6302\u94a9\uff0c\u5f00\u521b\u4e86\u4e00\u4e2a\u65b0\u7684\u6cd5\u5b9a\u8d27\u5e01\u6d6e\u52a8\u65f6\u4ee3\uff0c\u8d77\u521d\u7684\u7279\u70b9\u662f\u9ad8\u901a\u8d27\u81a8\u80c0\u548c\u6c47\u7387\u6ce2\u52a8\uff0c\u7136\u540e\u662f\u4e00\u7cfb\u5217\u56fd\u9645\u534f\u8bae\uff081985 \u5e74\u7684\u300a\u5e7f\u573a\u534f\u8bae\u300b\uff0c\u4e24\u5e74\u540e\u7684\u300a\u5362\u6d6e\u5bab\u534f\u8bae\u300b\uff09\uff0c\u540e\u6765\u662f\u5728\u901a\u8d27\u81a8\u80c0\u4e0b\u964d\u548c\u8d44\u672c\u6d41\u52a8\u8fc5\u901f\u589e\u957f\u7684\u73af\u5883\u4e0b\uff0c\u66f4\u591a\u7684\u4e34\u65f6\u5b89\u6392\u548c\u4e0d\u592a\u900f\u660e\u3002 \u8fc7\u53bb\u4e24\u5e74\u53d1\u751f\u7684\u4e8b\u4ef6–\u9996\u5148\u662f Covid-19 \u5927\u6d41\u884c\u75c5\uff0c\u73b0\u5728\u662f\u4fc4\u7f57\u65af\u5165\u4fb5\u4e4c\u514b\u5170–\u5177\u6709\u8db3\u591f\u7684\u7834\u574f\u6027\uff0c\u4f7f\u5168\u7403\u8d27\u5e01\u79e9\u5e8f\u4f3c\u4e4e\u6709\u53ef\u80fd\u518d\u6b21\u53d1\u751f\u8f6c\u53d8\u3002\u4f46\u5b83\u5c06\u91c7\u53d6\u4ec0\u4e48\u5f62\u5f0f\u5462\uff1f\u6709\u4e24\u79cd\u5047\u8bbe\u5df2\u7ecf\u6d6e\u51fa\u6c34\u9762\uff0c\u4f46\u7edd\u4e0d\u662f\u76f8\u4e92\u6392\u65a5\u3002 \u9996\u5148\u662f\u52a0\u5bc6\u8d27\u5e01\u7684\u65f6\u4ee3\u5df2\u7ecf\u5230\u6765\u3002\u7528\u79d1\u6280\u516c\u53f8 Steel Perlot Management LLC \u7684\u9996\u5e2d\u6267\u884c\u5b98 Michelle Ritter \u7684\u8bdd \u6765\u8bf4\uff0c”\u793e\u4ea4\u5a92\u4f53\u7684\u94f0\u94fe\u65f6\u523b\u51fa\u73b0\u5728 2011 \u5e74\uff0c\u5f53\u65f6\u6765\u81ea\u5229\u6bd4\u4e9a\u3001\u57c3\u53ca\u3001\u4e5f\u95e8\u3001\u53d9\u5229\u4e9a\u548c\u5df4\u6797\u7684\u89c6\u9891\u3001\u63a8\u6587\u548c\u5176\u4ed6\u5e16\u5b50\u5f15\u53d1\u4e86\u963f\u62c9\u4f2f\u4e4b\u6625 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"class_list":["post-1952","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2tdP7-vu","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/posts\/1952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/comments?post=1952"}],"version-history":[{"count":1,"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/posts\/1952\/revisions"}],"predecessor-version":[{"id":1953,"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/posts\/1952\/revisions\/1953"}],"wp:attachment":[{"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/media?parent=1952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/categories?post=1952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shuizilong.com\/house\/wp-json\/wp\/v2\/tags?post=1952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}