{"id":100809,"date":"2023-01-11T05:30:00","date_gmt":"2023-01-11T05:30:00","guid":{"rendered":"https:\/\/cn.cryptonews.com\/?p=100809"},"modified":"2023-06-26T11:27:01","modified_gmt":"2023-06-26T11:27:01","slug":"jin-rong-pao-mo-zhuan-jia-biao-shi-jia-mi-huo-bi-ruo-bu-shi-ge-du-te-de-pang-da-pao-mo-bian-shi-ge-jue-ding-cong-ming-de-pang-shi-pian-juta-shi-dui-de-ma","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/cn\/news\/jin-rong-pao-mo-zhuan-jia-biao-shi-jia-mi-huo-bi-ruo-bu-shi-ge-du-te-de-pang-da-pao-mo-bian-shi-ge-jue-ding-cong-ming-de-pang-shi-pian-juta-shi-dui-de-ma\/","title":{"rendered":"\u91d1\u878d\u6ce1\u6cab\u4e13\u5bb6\u8868\u793a\uff1a\u52a0\u5bc6\u8d27\u5e01\u82e5\u4e0d\u662f\u4e2a\u72ec\u7279\u7684\u5e9e\u5927\u6ce1\u6cab\u4fbf\u662f\u4e2a\u7edd\u9876\u806a\u660e\u7684\u5e9e\u6c0f\u9a97\u5c40\u3002\u4ed6\u662f\u5bf9\u7684\u5417\uff1f"},"content":{"rendered":"
\"\"<\/figure>

一些专门研究泡沫的金融专家认为，加密货币要不是历史上最大的泡沫之一，就是前所未见的聪明庞氏骗局。<\/strong><\/p>

2022 年可以被认为是加密货币生态系统最糟糕的年份之一，因为许多备受瞩目的去中心化金融 (DeFi) 和中心化金融 (CeFi) 平台都崩溃了。在更值得注意的例子中，Terra\/LUNA 生态系统在 5 月崩溃，而主要的加密货币交易所 FTX 在 11 月初倒闭。<\/strong><\/p>

去年，加密货币市场蒸发了约 2 兆美元的价值。虽然加密货币支持者认为这并非不正常，并以 2012 年和 2017 年加密货币崩盘为例，当时市场损失了约 70% 的价值，但传统金融专家并没有被卖掉。<\/strong><\/p>

例如，贝尔法斯特皇后大学的高级讲师 William Quinn 的研究重点是金融泡沫，他认为加密货币要不是金融史上“比以往任何泡沫都要愚蠢的泡沫”，那么就是“比以往任何庞氏骗局都要更加聪明的庞氏骗局”。<\/strong><\/p>

Quinn 上周在一篇文章中说，郁金香热是荷兰黄金时代的一段时期，当时一些最近推出的时尚郁金香球茎的合同价格达到了非常高的价位，与其说是真正的金融泡沫，不如说是一种属于现代规模的“流行说法”。<\/strong><\/p>

接着他议论，“与加密货币泡沫相比，这太有意义了。” 根据这位历史学家的说法，始于 90 年代后期的互联网泡沫只不过是与加密货币的一个“非常恭维的比较”。他说：<\/strong><\/p>

“这是一个非常恭维的比较，最常被用作支持加密货币的论点。问题是加密货币和区块链与互联网不同，它们根本不是很有用。”<\/strong><\/p><\/blockquote>

总而言之，Quinn 指出了加密货币产业不同于以往金融泡沫的三个特征。首先，他声称加密资产“没有使用的价值”，除非其他人愿意接受它们。<\/strong><\/p>

其次，它们不创造现金流。最后，一些数位资产 (如比特币) 的挖矿成本只能以法定货币支付。且他又表示：<\/strong><\/p>

“并非所有主要的加密货币都完全如此，但大多数都很接近。这些是一项投资独特的可怕特征。我之前遇到的每一次泡沫都涉及商品、收藏品或具有相关现金流的资产。”<\/strong><\/p><\/blockquote>

尽管如此，Quinn 指出，并非所有的加密货币都是欺诈，因为欺诈需要犯罪者。他特别提到了比特币，称这种旗舰加密货币是作为“一个真诚的 — 尽管有些精神错乱 — 政治项目”而创造的，但仍然声称这是一项糟糕的投资。<\/strong><\/p>

与此同时，并非所有金融专家都与 Quinn 持相同观点。据报导，世界经济论坛 (WEF) 表示，支撑加密货币和数位资产的科技将继续成为现代经济“不可或缺”的一部分。该组织表示：<\/strong><\/p>

“事实上，作为对数位资产和区块链在金融服务 (以及全球经济的其他领域) 核心地位之持久力的测试，请观察大银行和成熟的金融服务公司做了什么，而不是他们说了什么。”<\/strong><\/p><\/blockquote>","protected":false},"excerpt":{"rendered":"

一些专门研究泡沫的金融专家认为，加密货币要不是历史上最大的泡沫之一，就是前所未见的聪明庞氏骗局。2022 年可以被认为是加密货币生态系统最糟糕的年份之一，因为许多备受瞩目的去中心化金融 (DeFi) 和中心化金融 (CeFi) 平台都崩溃了。在更值得注意的例子中，Terra\/LUNA 生态系统在 5 月崩溃，而主要的加密货币交易所 FTX 在 11 月初倒闭。去年，加密货币市场蒸发了约 2 兆美元的价值。虽然加密货币支持者认为这并非不正常，并以 2012 年和 2017 年加密货币崩盘为例，当时市场损失了约 70% 的价值，但传统金融专家并没有被卖掉。例如，贝尔法斯特皇后大学的高级讲师 William Quinn 的研究重点是金融泡沫，他认为加密货币要不是金融史上“比以往任何泡沫都要愚蠢的泡沫”，那么就是“比以往任何庞氏骗局都要更加聪明的庞氏骗局”。Quinn 上周在一篇文章中说，郁金香热是荷兰黄金时代的一段时期，当时一些最近推出的时尚郁金香球茎的合同价格达到了非常高的价位，与其说是真正的金融泡沫，不如说是一种属于现代规模的“流行说法”。接着他议论，“与加密货币泡沫相比，这太有意义了。” 根据这位历史学家的说法，始于 90 年代后期的互联网泡沫只不过是与加密货币的一个“非常恭维的比较”。他说： “这是一个非常恭维的比较，最常被用作支持加密货币的论点。问题是加密货币和区块链与互联网不同，它们根本不是很有用。” 总而言之，Quinn 指出了加密货币产业不同于以往金融泡沫的三个特征。首先，他声称加密资产“没有使用的价值”，除非其他人愿意接受它们。其次，它们不创造现金流。最后，一些数位资产 (如比特币) 的挖矿成本只能以法定货币支付。且他又表示： “并非所有主要的加密货币都完全如此，但大多数都很接近。这些是一项投资独特的可怕特征。我之前遇到的每一次泡沫都涉及商品、收藏品或具有相关现金流的资产。” 尽管如此，Quinn 指出，并非所有的加密货币都是欺诈，因为欺诈需要犯罪者。他特别提到了比特币，称这种旗舰加密货币是作为“一个真诚的 — 尽管有些精神错乱 — 政治项目”而创造的，但仍然声称这是一项糟糕的投资。与此同时，并非所有金融专家都与 Quinn 持相同观点。据报导，世界经济论坛 (WEF) 表示，支撑加密货币和数位资产的科技将继续成为现代经济“不可或缺”的一部分。该组织表示： “事实上，作为对数位资产和区块链在金融服务 (以及全球经济的其他领域) 核心地位之持久力的测试，请观察大银行和成熟的金融服务公司做了什么，而不是他们说了什么。”<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,1],"tags":[],"editors":[2415],"sponsored_companies":[],"class_list":["post-100809","post","type-post","status-publish","format-standard","hentry","category-blockchain-news","category-news","editors-ada-chui"],"acf":[],"yoast_head":"\n\u91d1\u878d\u6ce1\u6cab\u4e13\u5bb6\u8868\u793a\uff1a\u52a0\u5bc6\u8d27\u5e01\u82e5\u4e0d\u662f\u4e2a\u72ec\u7279\u7684\u5e9e\u5927\u6ce1\u6cab\u4fbf\u662f\u4e2a\u7edd\u9876\u806a\u660e\u7684\u5e9e\u6c0f\u9a97\u5c40\u3002\u4ed6\u662f\u5bf9\u7684\u5417\uff1f<\/title>\n<meta name=\"description\" content=\"一些专门研究泡沫的金融专家认为，加密货\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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