欧洲央行正在向比特币宣战，后来者有充分的理由反对它

欧洲央行官员 Ulrich Bindseil 和 Jürgen Schaff 最近撰写的一项分析显示，那些迟到或没有拥有比特币的人有充分的理由反对比特币，并主张立法保护自己免受财富再分配的负面影响。

Key Takeaways

要点

Share this article

分享这篇文章

ECB officials are arguing that those who joined the Bitcoin train late or who don’t own the coin have good reasons to oppose it and advocate for legislation that will protect them from the negative consequences of its wealth redistribution.

欧洲央行官员认为，那些较晚加入比特币列车或不拥有比特币的人有充分的理由反对比特币，并主张立法保护他们免受财富再分配的负面影响。

The officials, who earlier claimed that Bitcoin’s February price rally was driven by price manipulation, now claim that Bitcoin has shifted from its original vision as a decentralized payment system to primarily an investment asset.

这些官员早些时候声称比特币二月份的价格上涨是由价格操纵推动的，现在他们声称比特币已经从最初作为去中心化支付系统的愿景转变为主要是一种投资资产。

This argument is supported by the growing mainstream narrative, pushed by high-profile figures like BlackRock CEO Larry Fink or Galaxy Digital’s founder Mike Novogratz, who view Bitcoin as a pure investment asset. Their perspective is that Bitcoin’s limited supply and growing demand will drive its price up, similarly to gold.

这一论点得到了越来越多的主流观点的支持，贝莱德首席执行官拉里·芬克(Larry Fink)或Galaxy Digital创始人迈克·诺沃格拉茨(Mike Novogratz)等知名人士将比特币视为纯粹的投资资产。他们的观点是，比特币的有限供应和不断增长的需求将推动其价格上涨，类似于黄金。

However, the officials are asserting that the popular belief among crypto supporters, which suggests that Bitcoin’s limited supply will ensure sustained price increases, is false.

然而，官员们声称，加密货币支持者中普遍认为比特币的有限供应将确保价格持续上涨的观点是错误的。

“There are countless assets on earth with a limited or finite supply, and for none of them the notion that they can sustain an ever-increasing valuation over the long term, regardless of the services or benefits they provide to society, is particularly plausible,” the report reads.

“地球上有无数的资产，其供应量有限或有限，对于它们而言，无论它们为社会提供的服务或利益如何，它们能够长期维持不断增长的估值的想法是特别合理的， ”报告写道。

“Proponents of the Bitcoin investment perspective ignore the fact that “scarcity” describes the relationship between supply and demand. A limited, finite supply does not equate to scarcity. In the context of Bitcoin with its limited and fixed supply the non-economic term “rarity” seems more appropriate. If supply is fixed, the price becomes exclusively dependent on demand. And if the demand were to disappear, the price would be zero,” it adds.

“比特币投资观点的支持者忽视了一个事实，即‘稀缺性’描述的是供求关系。有限的供应并不等于稀缺。在比特币供应有限且固定的背景下，非经济术语“稀有性”似乎更合适。如果供应量是固定的，价格就完全取决于需求。如果需求消失，价格将为零，”它补充道。

The officials are warning that even in a scenario where Bitcoin’s value continues to rise, it could lead to negative economic consequences if it’s not justified by the underlying fundamentals. They argue that Bitcoin doesn’t enhance the economy’s productive capacity, and any wealth generated by Bitcoin holders comes at the expense of others in society.

官员们警告说，即使在比特币价值持续上涨的情况下，如果没有基本面的支撑，也可能会导致负面的经济后果。他们认为，比特币并不能提高经济的生产能力，比特币持有者创造的任何财富都是以牺牲社会中其他人的利益为代价的。

“This redistribution of wealth and purchasing power is unlikely to occur without detrimental consequences for society,” the report claims.

报告称：“这种财富和购买力的重新分配不太可能发生，而不会给社会带来有害后果。”

“Early adopters have a vested interest in promoting Bitcoin values to redistribute wealth and consumption from latecomers to themselves, maybe without being conscious of the redistributive nature of their vision,” it states.

它指出：“早期采用者在推广比特币价值以将财富和消费从后来者那里重新分配给自己方面拥有既得利益，也许没有意识到他们愿景的再分配性质。”

“In any case current non-holders should realize that they have compelling reasons to oppose Bitcoin and advocate for legislation against it, aiming to prevent Bitcoin prices from rising or to see Bitcoin disappear altogether. Latecomers and non-holders and their political representatives should emphasize that the idea of Bitcoin as an investment relies on redistribution at their expense,” it adds.

“无论如何，当前的非持有者应该意识到，他们有令人信服的理由反对比特币，并主张立法反对比特币，旨在防止比特币价格上涨或看到比特币完全消失。后来者和非持有者及其政治代表应该强调，比特币作为一种投资的理念依赖于以他们为代价的再分配，”它补充道。

The officials are also warning that failing to do so could lead to electoral outcomes favoring politicians who support pro-Bitcoin policies, which could exacerbate wealth inequality and societal divisions by promoting a system that benefits early adopters while disadvantaging latecomers and non-holders.

官员们还警告说，如果不这样做，可能会导致选举结果有利于支持支持比特币政策的政客，这可能会推动一种有利于早期采用者、但对后来者和非持有者不利的制度，从而加剧财富不平等和社会分歧。

ECB Declaring War on Bitcoin?

欧洲央行向比特币宣战？

This isn’t the first time that ECB officials have shown their skepticism towards Bitcoin. As Crypto Briefing reported, officials earlier likened the approval of US Bitcoin ETFs to the ‘Naked Emperor’s New Clothes.’

这并不是欧洲央行官员第一次对比特币表示怀疑。据 Crypto Briefing 报道，官员们早些时候将美国比特币 ETF 的批准比作“赤裸皇帝的新衣”。

The ECB faced social backlash as soon as the paper surfaced. Wall Street veteran Max Keiser criticized the paper for making false claims about Bitcoin’s original purpose.

该文件一经曝光，欧洲央行就面临社会强烈反对。华尔街资深人士马克斯·凯泽 (Max Keizer) 批评该论文对比特币的最初用途做出了虚假陈述。

The @ecb makes a rookie mistake by claiming Bitcoin originated as a payment means. This is false. The word ‘Cash’ in the White Paper refers to money, as in Gold, not fiat currency. Bitcoin has always been digital Gold.

@ecb 声称比特币最初是一种支付手段，犯了一个菜鸟错误。这是错误的。白皮书中的“现金”一词指的是金钱，如黄金，而不是法定货币。比特币一直是数字黄金。

Satoshi makes this clear in subsequent posts & messages. pic.twitter.com/qEMhoNDWpE

中本聪在随后的帖子和消息中明确了这一点。 pic.twitter.com/qEMhoNDWpE

— Max Keiser (@maxkeiser) October 19, 2024

— 马克斯·凯泽 (@maxkeiser) 2024 年 10 月 19 日

Blockstream advisor Tuur Demeester, who first brought the paper to public attention, believes that the ECB’s paper is “a true declaration of war” and that authorities will use it to justify harsh taxes or bans on Bitcoin.

Blockstream 顾问 Tuur Demeester 最先将该论文引起公众关注，他认为欧洲央行的论文是“真正的宣战”，当局将用它来证明对比特币的严厉税收或禁令是合理的。