He aha te Bitcoin ?

Ka arotahi te tuhinga o tēnei rā ki tētahi rawa i whakaputa i te maha o ngā kōrero. I arohaia e ētahi me te kore whakaaetanga, i whakapaeia hei pūkete whakapae noa e ētahi atu, Bitcoinkāore anō i mutu te hanga ngaru. Heoi, ko te wā o nāianei, i ngā tirohanga ā-ao me te ōhanga, e akiaki ana i a mātou ki te tirotiro tata ki ngā rawa kē, ā, ko Bitcoin e whakaatu ana i tēnei ariā i te tino tika.

Mēnā kua whakaae kē koe ki te tono a Bitcoin, tērā pea kāore au e nui ana hei tāpiri. Mēnā he whakapae āu ki tēnei, tērā pea kāore koe e huri i tō whakaaro. Engari, i te nuinga, he kaupapa tāku e whakamārama ana he aha i aroha ai au ki ngā mea e whakaatu ana a Bitcoin, me te aha, i taku tirohanga, he mea nui rawa atu i te taiao o nāianei.

Paraka taketake

Satoshi Nakamoto

He kōrero rongonui: i roto i te poraka whakawhitinga tuatahi, i whakaurua he karere hekisahepa:

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Ka whakamaoritia ki ASCII, ka pānui:
 The Times 03/Jan/2009 Te Kaiwhakahaere i te kokonga o te tautoko tuarua mō ngā pēke.

He mea tēnei karere hei tohu wā me te whakapuaki. Ka kōrero mō te kore whakakāhore ki ngā pūnaha pūtea tuku iho, ā, tērā pea, mō te kaupapa i muri i te hanga i a Bitcoin hei moni kēhanga, he kōrero motuhake.

I te āhua tūturu i tangohia i te Times:

He mea nui hoki ki te mōhio ki tōna utu, i £1.50 anake i te tau 2009, ā, ināianei kei te £2.50. He pikinga 66%.

Hei te hokinga ki tēnei taitara, i te reo Faranui:

The Times 03/Jan/2009 Kei te tata te kaiārahi ki te tuku i tētahi atu tautoko pūtea ki ngā pēke.

 Kei te mau tonu tēnei karere i te kounga, 14 tau i muri, i te wā e heke ana ētahi pēke, ā, kāore e kore, ka whakakapi e te kāwanatanga. Pērā i te tau 2009, i te wā kāore ngā pēke i te āhei ki te whakahaere tika i ā rātou mōrearea, ā, i whakakapi i te moni a te iwi.

With zero interest rate policies and astronomical valuations for tech start-ups that often didn't even generate a profit, Silicon Valley Bank (SVB) became a monstrous entity. The bank didn't speculate in the mortgage market, but adapted to the daily madness of the financial markets.

Ngā nui o te moni hou ka tāpuiia ia rā i SVB i whakanoho ki te mākete moni kia whiwhi i te iti rawa o te hua, engari i mua i te wā i whakatau te FED ki te pikinga o ngā reiti hei whakataurite i te pikinga o te utu. Kua noho ngā pēke i ngā ngaro nui huna, ā, i hiahia ngā pakihi tīmata ki te waiwai, ā, i rapu rātou ki te whakahoki, i te wā e u ana tō rātou pakihi i whakatōpū i mua i te taiao hou o ngā reiti roa.

He mea nui ake ake te kīanga anake o ngā mākete. Kāore i te mea anake ngā uara o ngā kamupene tīmata i te kore tika, engari he mano ngā altcoins, NFTs, Rolex, Lego... I pai katoa mō te whakapae, ā, ko te moni te haumi tino kino.

Kua whakamaori ki DeepL.com (putanga kore utu)

Te pōruri o te ahumahi crypto

“He pono, e ngana ana ki te hoko i a mātou i te pono o te crypto i muri i te hinga o FTX me Luna?”

Ka rongo au i a koe e whiwhi ana i muri i tō mata. He pono hoki tēnei, he mea tino maroke ake te ahumahi crypto i te pūnaha pūtea kua whakatūria. Ko te nuinga o ngā kaupapa crypto i mahi mō ngā VC (Ngā Kaiwhakatūpato Haumi) hei tuku i tā rātou moni nui i te wā o te moni kore utu. Ko ngā kupu “blockchain,” “decentralization,” me “metaverse” i whiti, ā, koia anake te mea i whakaaetia ai rātou. I te mea tūturu, i hanga mātou moni i te kore.

Ngā toa? Ngā VC hē. Ngā ngaro? Mātou.

He mea nui kia wehewehea a Bitcoin i te nuinga o ngā kaupapa crypto i whakatōpū nui e ngā VC. He rerekē tino a Bitcoin: kāore he kohinga pūtea, kāore hoki he tangata e whakaū i a ia. Kāore e hinga ki te tino nui, ā, kāore e tuku i ngā mea kāore i a Bitcoin, he kaupapa tino whakamīharo a Ethereum, he rerekē anō, engari kāore tērā i te kaupapa mō tēnei rā.

I kī a Robert Shiller, he kaiārahi ōkawa o Amerika, i te wā o te pūkete dot-com:

“Kāore he mea nui i hangaia i te kore o te hihiri kore-āhua.”

"Kāore he mea nui i hangaia i te kore o te hihiri āhua kore-āhua."

Me tae mai tēnei hihiri kore-āhua i mua i te wā ka taea te rongo i te uara tūturu.

Kei te mea kua heke te whakawhirinaki ki ā mātou rangatira, me ngā reiti pikinga utu puta noa i te ao e tae ana ki ngā tau rua tekau, ngā pēke e pakaru ana, ā, kei te tawhiti tonu te pikinga utu i ngā whāinga—ko te moni fiat, mai i te mutunga o ngā whakaaetanga Bretton Woods, he mea tautokohia anake i tō mātou whakawhirinaki ki a ia. Nā te Bitcoin, kāore mātou e hiahia ana ki te whakawhirinaki ki tō mātou pēke, engari ka’ hoki mai mātou ki tēnei kōrero ā muri ake.

Engari, tērā pea ka pōuri te tangata ki te oati a Bitcoin. I whakaaturia hei pare i te pikinga utu, ā, ināianei kua heke 60% i tana ATH i te wā o te pikinga utu. I taku tirohanga, ka pā ki te whakawhānui moni mutunga kore, me te tihi i tae ki te mea nā reira. He tikanga tēnei kua rahua? Kāore mōku. Kei te kaha ake te ao Bitcoin i tēnei wā, ā, ka noho tonu hei pūnaha tino motuhake, kāore i te pikinga utu. Kāore he haora mahi, kāore he rangatira matua, kāore he ārai pūkete, kāore he rōpū pūtake hei whakahaere, ka taea te whakamahi e te tangata katoa i ngā wā katoa. Ka mau tonu tōna oati.

Ko te pupuri moni i te pēke kāore i te kore mōrearea, nā te mea me whakawhirinaki koe ki ngā pēke ki te whakahaere i ō rātou mōrearea. Ā, i whakaatu te hītori ki a mātou i te nuinga o ngā wā, kāore rātou i te āhei ki te mahi i taua mea. Me te Bitcoin, ka taea e koe te wareware i ngā pūtea tāpui, ngā reiti pānga, me ngā mōrearea o te hoa‑pānga—he waehere noa iho. He tautokona e ia anō.

He CDS i te pūnaha pūtea?

 He whakaaro tēnei i whakawhanakehia e te kaiwhakawhanaketanga a Greg Foss, e whakaaro ana ko Bitcoin he CDS (Credit Default Swap) i runga i te pūnaha moni fiat katoa. Ka kitea e au tēnei tauira he tino hāngai.

Mō te hunga kāore i te mōhio he aha te CDS, he whakamārama poto: he hua whakawhitinga te CDS e mahi ana hei inihua. Ka whakamahia hei tiaki i te kore utu o tētahi nama. Kua kōrero mātou mō tēnei i tētahi tuhipānui mō te Journal du Coin i te marama o Oketopa 2022, i te wā i riro kē a Credit Suisse i te raruraru, ā, ka pakaru te utu o ngā CDS ki runga i tōna nama.

Ka whakapono a Greg Foss me titiro ki Bitcoin hei inihua ki te kore utu o ngā moni fiat katoa. Ka piki ake te mōrearea ki ngā moni fiat, ka whai painga a Bitcoin i tētahi utu tāpiri. Ka rerekē tēnei ki te riri? Heoi, kua pīrangi ngā rapu mō Bitcoin i ngā rā tata nei, me ngā raruraru o SVB me Credit Suisse.

Whakatauranga i waenganui i ngā rapu mō Bitcoin, Credit Suisse, me SVB i runga i Google

Kua noho kē a Bitcoin hei ārai ki te pūnaha pūtea. I tētahi āhua, he rite ki tētahi CDS ki te pūnaha, engari ko te rerekētanga nui ki a Bitcoin ko te kore hoa pakihi.

Mēnā kua kite koe i The Big Short (e tino taunaki ana ahau), he kiriata e whai ana mātou i tētahi rōpū toa i whakapae i ngā CDS i te wā o te pōrearea subprime, kua mōhio koe ki tēnei mōrearea. I te tau 2008, mēnā i whai CDS i runga i te Lehman Brothers koe, i whiwhi moni nui koe, engari he mea nui kia taea e tō hoa whakawhiti—te tangata i hokona ai i a koe taua CDS—te utu i a koe.

Nō reira, he pai ake a Bitcoin i tētahi CDS nā te mea kāore he hoa pānga (i te wā ka tiakiia e koe ki tētahi kī). He inihua ’ te rahinga o te pūnaha ā-ao.

That’s te take i whakapono ai au ko te tahua tino kino ka taea e koe te tuku ki Bitcoin ko 0%.

Hei tauira o taku kaiwhakahaere o mua (ka mihi au ki a ia mēnā ka pānui ’ i tēnei) i pai ki a ia te whakamaumahara i a mātou:

He kōwhiringa a Bitcoin kāore he theta.

 Ko te tikanga o tēnei: ko Bitcoin he ārai i te pūnaha pūtea katoa me te kore wā mutunga. Mēnā ka waiho koe i tēnei ki tētahi pūkete e rōpūhia ana e ngā rawa maha, ka whai pānga pai nui, ā, ka whai pānga kino iti noa. Kāore he take kia kaua e pupuri i tētahi.

I tuhia tēnei tuhinga e The Macronomist.