{"id":547,"date":"2026-02-28T09:49:54","date_gmt":"2026-02-28T01:49:54","guid":{"rendered":"http:\/\/okx.biquan123.com\/blog\/?p=547"},"modified":"2026-02-28T09:55:37","modified_gmt":"2026-02-28T01:55:37","slug":"%e6%af%94%e7%89%b9%e5%b8%81%e5%ad%98%e9%87%8f%e6%b5%81%e9%87%8f%e6%a8%a1%e5%9e%8b%ef%bc%9a%e4%bd%a0%e9%9c%80%e8%a6%81%e7%9f%a5%e9%81%93%e7%9a%84%e4%b8%80%e5%88%87","status":"publish","type":"post","link":"http:\/\/okx.biquan123.com\/blog\/?p=547","title":{"rendered":"\u6bd4\u7279\u5e01\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\uff1a\u4f60\u9700\u8981\u77e5\u9053\u7684\u4e00\u5207"},"content":{"rendered":"<p><span dir=\"auto\">\u4f5c\u4e3a\u9996\u4e2a\u4e5f\u662f\u5e02\u503c\u6700\u5927\u7684\u52a0\u5bc6\u8d27\u5e01\uff0c\u6bd4\u7279\u5e01 (BTC) \u4e00\u76f4\u5904\u4e8e\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u7684\u524d\u6cbf\u3002\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5df2\u8fbe\u5230\u8bb8\u591a\u4eba\u8ba4\u4e3a\u4e0d\u53ef\u80fd\u8fbe\u5230\u7684\u6c34\u5e73\uff1b\u7136\u800c\uff0c\u8bb8\u591a\u4eba\u4ecd\u7136\u8ba4\u4e3a\u6bd4\u7279\u5e01\u5c06\u7ee7\u7eed\u521b\u4e0b\u65b0\u9ad8\u3002\u5173\u4e8e\u5176\u957f\u671f\u4ef7\u503c\u7684\u4e89\u8bba\u4fc3\u4f7f\u5206\u6790\u5e08\u5c1d\u8bd5\u63a2\u7d22\u9884\u6d4b\u8be5\u8d44\u4ea7\u672a\u6765\u4ef7\u503c\u7684\u4e0d\u540c\u65b9\u6cd5\u3002\u5176\u4e2d\u4e00\u79cd\u65b9\u6cd5\u5c31\u662f\u6240\u8c13\u7684\u201c\u5b58\u91cf-\u6d41\u91cf\u201d\uff08S2F\uff09\u6a21\u578b\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u672c\u6307\u5357\u5c06\u89e3\u91ca\u4ec0\u4e48\u662f\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\uff1b\u5e76\u7814\u7a76\u5176\u5386\u53f2\u3001\u542b\u4e49\u3001\u597d\u5904\u548c\u5c40\u9650\u6027\u3002<\/span><\/p>\n<h2 id=\"1\"><span dir=\"auto\">\u4ec0\u4e48\u662f\u6bd4\u7279\u5e01\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\u7528\u4e8e\u9884\u6d4b\u8d44\u4ea7\u7684\u6f5c\u5728\u672a\u6765\u4ef7\u683c\u3002\u6700\u521d\uff0c\u5b83\u7528\u4e8e\u9884\u6d4b<\/span><a href=\"https:\/\/www.okx.com\/learn\/gold-vs-bitcoin-which-one-to-invest-in-india\" target=\"_blank\" rel=\"noopener\"><span dir=\"auto\">\u9ec4\u91d1<\/span><\/a><span dir=\"auto\">\u548c\u767d\u94f6\u7b49\u8d35\u91d1\u5c5e\u7684\u4ef7\u683c\u3002\u7136\u800c\uff0c\u7531\u4e8e\u6bd4\u7279\u5e01\u7684\u4f9b\u5e94\u91cf\u662f\u56fa\u5b9a\u7684\uff0c\u8be5\u6a21\u578b\u4e5f\u9002\u7528\u4e8e\u6bd4\u7279\u5e01\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u987e\u540d\u601d\u4e49\uff0c\u8be5\u6a21\u578b\u8bc4\u4f30\u8d44\u4ea7\u7684\u4e24\u4e2a\u8981\u7d20\u6765\u9884\u6d4b\u5176\u672a\u6765\u4ef7\u503c\u3002\u9996\u5148\uff0c\u5b83\u8003\u5bdf\u8d44\u4ea7\u7684\u5b58\u91cf\uff0c\u5373\u8d44\u4ea7\u7684\u73b0\u6709\u603b\u4f9b\u5e94\u91cf\u3002\u5176\u6b21\uff0c\u8be5\u6a21\u578b\u8fd8\u8861\u91cf\u8d44\u4ea7\u7684\u6d41\u91cf\uff0c\u5373\u8be5\u5546\u54c1\u6216\u52a0\u5bc6\u8d27\u5e01\u6bcf\u5e74\u521b\u9020\u7684\u65b0\u589e\u4f9b\u5e94\u91cf\u3002\u6bd4\u8f83\u8fd9\u4e24\u4e2a\u5c5e\u6027\u6709\u52a9\u4e8e\u6bd4\u8f83\u5546\u54c1\u7684\u76f8\u5bf9\u4e30\u5ea6\u3002<\/span><\/p>\n<h2 id=\"2\"><span dir=\"auto\">\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\u7684\u5386\u53f2\u548c\u51c6\u786e\u6027<\/span><\/h2>\n<p><span dir=\"auto\">\u76f4\u5230 2019 \u5e74\uff0c\u4e00\u4f4d\u540d\u4e3a PlanB \u7684 Twitter \u7528\u6237\u63d0\u51fa\u5728\u6bd4\u7279\u5e01\u4e0a\u4f7f\u7528\u5b58\u91cf\u6d41\u91cf\u6a21\u578b (S2F)\uff0cS2F \u6a21\u578b\u624d\u5728\u52a0\u5bc6\u8d27\u5e01\u9886\u57df\u5f97\u5230\u5e94\u7528\u3002\u8fd9\u4f4d\u7528\u6237\u66fe\u662f\u8377\u5170\u7684\u673a\u6784\u4ea4\u6613\u5458\uff0c\u62e5\u6709 20 \u591a\u5e74\u7684\u7ecf\u9a8c\uff0c\u5728\u4e1a\u5185\u4eab\u6709\u76db\u8a89\u3002<\/span><\/p>\n<p><span dir=\"auto\">2019 \u5e74 3 \u6708\uff0cPlanB \u5728 Medium \u4e0a\u53d1\u8868\u4e86\u4e00\u7bc7\u9898\u4e3a<\/span><a href=\"https:\/\/medium.com\/@100trillionUSD\/modeling-bitcoins-value-with-scarcity-91fa0fc03e25\" target=\"_blank\" rel=\"noopener\"><span dir=\"auto\">\u300a\u5229\u7528\u7a00\u7f3a\u6027\u6784\u5efa\u6bd4\u7279\u5e01\u4ef7\u503c\u6a21\u578b\u300b<\/span><\/a><span dir=\"auto\">\u7684\u6587\u7ae0\u3002\u81ea\u6b64\u4e4b\u540e\uff0c\u8be5\u6a21\u578b\u5728\u52a0\u5bc6\u793e\u533a\u4e2d\u9010\u6e10\u6d41\u884c\u8d77\u6765\u3002<\/span><\/p>\n<h2 id=\"3\"><span dir=\"auto\">S2F \u6a21\u578b\u5982\u4f55\u8fd0\u4f5c\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u8981\u4e86\u89e3 S2F \u6a21\u578b\u7684\u5de5\u4f5c\u539f\u7406\uff0c\u6211\u4eec\u5fc5\u987b\u9996\u5148\u8003\u8651\u52a0\u5bc6\u8d27\u5e01\u548c\u6cd5\u5b9a\u8d27\u5e01\u4e4b\u95f4\u7684\u5173\u952e\u533a\u522b\u3002<\/span><\/p>\n<h3 id=\"crypto-vs-fiat\"><span dir=\"auto\">\u52a0\u5bc6\u8d27\u5e01\u4e0e\u6cd5\u5b9a\u8d27\u5e01<\/span><\/h3>\n<p><span dir=\"auto\">\u4f17\u6240\u5468\u77e5\uff0c\u6cd5\u5b9a\u8d27\u5e01\u7531\u4e16\u754c\u5404\u5730\u7684\u4e2d\u592e\u94f6\u884c\u53d1\u884c\u3002\u94f6\u884c\u63a7\u5236\u7740\u8d27\u5e01\u7684\u53d1\u884c\u548c\u5206\u914d\uff0c\u5e76\u62e5\u6709\u5728\u5fc5\u8981\u65f6\u5370\u949e\u7684\u6743\u529b\u3002\u7531\u4e8e\u6cd5\u5b9a\u8d27\u5e01\u5177\u6709\u5b9e\u7269\u5f62\u6001\uff0c\u56e0\u6b64\u6709\u5fc5\u8981\u53d1\u884c\u5b9e\u7269\u8d27\u5e01\u6765\u66ff\u6362\u7834\u635f\u7684\u7eb8\u5e01\u5e76\u786e\u4fdd\u5176\u6d41\u52a8\u6027\u3002\u8fd9\u6837\uff0c\u5546\u5bb6\u548c\u4f01\u4e1a\u624d\u80fd\u7ee7\u7eed\u8fdb\u884c\u4ea4\u6613\u3002\u540c\u65f6\uff0c\u8be5\u56fd\u516c\u6c11\u4e5f\u53ef\u4ee5\u4f7f\u7528\u73b0\u91d1\u652f\u4ed8\u5546\u54c1\u548c\u670d\u52a1\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u7136\u800c\uff0c\u5370\u949e\u4e5f\u6709\u5176\u5f0a\u7aef\u3002\u8fc7\u5ea6\u5370\u949e\u4f1a\u589e\u52a0\u6d41\u901a\u4e2d\u7684\u8d27\u5e01\u6570\u91cf\uff0c\u5bfc\u81f4\u8d27\u5e01\u8d2c\u503c\u3002\u8fd9\u4fbf\u662f\u901a\u8d27\u81a8\u80c0\u53d1\u751f\u7684\u539f\u56e0\uff0c\u56e0\u4e3a\u5b83\u4f1a\u626d\u66f2\u5546\u54c1\u548c\u670d\u52a1\u7684\u5b9a\u4ef7\u3002\u5373\u4f7f\u5728\u73b0\u4ee3\uff0c\u8fd9\u79cd\u60c5\u51b5\u4e5f\u5c61\u89c1\u4e0d\u9c9c\u3002\u4f8b\u5982\uff0c\u59d4\u5185\u745e\u62c9\u5c31\u56e0\u6b64\u906d\u53d7\u4e86\u6076\u6027\u901a\u8d27\u81a8\u80c0\u7684\u56f0\u6270\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u4e0e\u6cd5\u5b9a\u8d27\u5e01\u4e0d\u540c\uff0c\u8d35\u91d1\u5c5e\u548c\u6bd4\u7279\u5e01\u7b49\u52a0\u5bc6\u8d27\u5e01\u65e0\u6cd5\u590d\u5236\u3002\u6bd4\u7279\u5e01\u7684\u603b\u91cf\u6c38\u8fdc\u53ea\u67092100\u4e07\u4e2a\uff1b\u5176\u4f9b\u5e94\u91cf\u6709\u9650\uff0c\u6c38\u8fdc\u4e0d\u4f1a\u8d85\u8fc7\u8fd9\u4e2a\u6570\u5b57\u3002<\/span><\/p>\n<h3 id=\"bitcoins-capped-supply-allows-the-stock-to-flow-model-to-work\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u7684\u4f9b\u5e94\u4e0a\u9650\u4f7f\u5f97\u5b58\u91cf\u6d41\u901a\u6a21\u578b\u5f97\u4ee5\u53d1\u6325\u4f5c\u7528<\/span><\/h3>\n<p><span dir=\"auto\">\u5982\u4e0a\u6240\u8ff0\uff0c\u5728\u5b58\u91cf-\u6d41\u91cf\u6a21\u578b\u4e2d\uff0c\u5b58\u91cf\u6307\u7684\u662f\u73b0\u6709\u50a8\u5907\u7684\u6570\u91cf\u3002\u5c31\u6bd4\u7279\u5e01\u800c\u8a00\uff0c\u5176\u5b58\u91cf\u6307\u7684\u662f\u6bd4\u7279\u5e01\u7684\u6570\u91cf\uff0c\u5373 2100 \u4e07\u679a\u3002\u800c\u6d41\u91cf\u5219\u6307\u7684\u662f\u5e74\u4ea7\u91cf\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u56e0\u6b64\uff0c\u8ba1\u7b97\u6bd4\u7279\u5e01\u7684\u5b58\u91cf\u4ea7\u91cf\u6bd4\u5c31\u662f\u7528\u73b0\u6709\u6bd4\u7279\u5e01\u6570\u91cf\u9664\u4ee5\u751f\u4ea7\u7387\u3002\u6bd4\u7279\u5e01\u76ee\u524d\u7684\u4f9b\u5e94\u91cf\u7ea6\u4e3a 1900 \u4e07\uff0c\u7ea6\u5360\u6bd4\u7279\u5e01\u603b\u91cf\u7684 90%\u3002\u540c\u65f6\uff0c\u5176\u5e74\u4ea7\u91cf\u4e3a 328,500 \u6bd4\u7279\u5e01\u3002\u6211\u4eec\u4e4b\u6240\u4ee5\u77e5\u9053\u8fd9\u4e00\u70b9\uff0c\u662f\u56e0\u4e3a\u6bd4\u7279\u5e01\u6bcf 10 \u5206\u949f\u4ea7\u51fa\u4e00\u4e2a\u533a\u5757\uff0c\u6bcf\u4e2a\u533a\u5757\u521b\u9020 6.25 \u4e2a\u6bd4\u7279\u5e01\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/1EHMxpU7xzcLpB6X6crcqW\/0941b3af6c2bf20a775796ad00a592e8\/Blocks.png?x-oss-process=image\/resize,w_2880\/format,webp\" alt=\"\u533a\u5757\" \/><\/figure>\n<p>&nbsp;<\/p>\n<p><span dir=\"auto\">\u5c06\u8fd9\u4e9b\u6570\u5b57\u4ee3\u5165 S2F \u516c\u5f0f\uff0c\u6211\u4eec\u5f97\u5230\u7684\u5b58\u91cf\u4ea7\u91cf\u6bd4\u4e3a 57.712\u3002\u8fd9\u610f\u5473\u7740\u9700\u8981 57 \u5e74\u624d\u80fd\u6316\u5b8c\u6bd4\u7279\u5e01\u7684\u5168\u90e8\u4f9b\u5e94\u91cf\u3002\u6216\u8005\u8bf4\uff0c\u5982\u679c\u6ca1\u6709\u51cf\u534a\uff0c\u6316\u5b8c\u6bd4\u7279\u5e01\u9700\u8981 57 \u5e74\u3002\u5982\u679c\u5c06\u51cf\u534a\u7eb3\u5165\u516c\u5f0f\uff0c\u6bd4\u7279\u5e01\u65b0\u7684\u5b58\u91cf\u4ea7\u91cf\u6bd4\u5c06\u4e0a\u5347\u81f3 124\u3002\u8fd9\u5c31\u662f\u6bd4\u7279\u5e01\u8fbe\u5230\u5176\u6700\u5927\u4f9b\u5e94\u91cf\u6240\u9700\u7684\u5e74\u6570\u3002<\/span><\/p>\n<p>&nbsp;<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.okx.com\/cdn\/assets\/plugins\/contentful\/4nqoo8goeymu\/bMDc2mFAXG2OkkbmGOH3K\/372c5c421bdebe71be81d0269654ad38\/Scarcity.png?x-oss-process=image\/resize,w_2880\/format,webp\" alt=\"\u7f3a\u4e4f\" \/><\/figure>\n<p>&nbsp;<\/p>\n<h2 id=\"4\"><span dir=\"auto\">\u5e93\u5b58\u6d41\u91cf\uff1a\u4f18\u70b9\u548c\u5c40\u9650\u6027<\/span><\/h2>\n<p><span dir=\"auto\">\u7406\u8bba\u4e0a\uff0c\u6bd4\u7279\u5e01\u7f51\u7edc\u7684\u5b58\u91cf\u6d41\u91cf\u6bd4\u770b\u8d77\u6765\u975e\u5e38\u51fa\u8272\u3002\u7136\u800c\uff0c\u5728\u5b9e\u8df5\u4e2d\uff0c\u5b83\u4e0e\u5176\u4ed6\u6240\u6709\u6a21\u578b\u4e00\u6837\uff0c\u65e2\u6709\u4f18\u70b9\uff0c\u4e5f\u6709\u5c40\u9650\u6027\u3002\u8ba9\u6211\u4eec\u6765\u770b\u770b\u6295\u8d44\u8005\u5728\u57fa\u4e8e\u8be5\u6a21\u578b\u8fdb\u884c\u6295\u8d44\u4e4b\u524d\u5e94\u8be5\u4e86\u89e3\u7684\u5229\u5f0a\u3002<\/span><\/p>\n<h3 id=\"pros\"><span dir=\"auto\">\u4f18\u70b9\uff1a<\/span><\/h3>\n<ul>\n<li><span dir=\"auto\">\u5b83\u8ba9\u7528\u6237\u901a\u8fc7\u4ee3\u5e01\u7ecf\u6d4e\u5b66\u548c\u7c7b\u4f3c\u7684\u57fa\u672c\u9a71\u52a8\u56e0\u7d20\u6765\u8ffd\u8e2a\u4ef7\u683c\u8d70\u52bf\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u8fd9\u4e0e\u6bd4\u7279\u5e01\u51cf\u534a\u65f6\u7684\u4ef7\u683c\u9884\u6d4b\u4e00\u81f4\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5b83\u4f7f\u7528\u7684\u4f9b\u5e94\u51e0\u4e4e\u662f\u6052\u5b9a\u7684\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5b83\u5bf9\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u505a\u51fa\u4e86\u4e50\u89c2\u7684\u9884\u6d4b\u3002<\/span><\/li>\n<\/ul>\n<h3 id=\"cons\"><span dir=\"auto\">\u7f3a\u70b9\uff1a<\/span><\/h3>\n<ul>\n<li><span dir=\"auto\">\u5b83\u6ca1\u6709\u8003\u8651\u5bf9\u6bd4\u7279\u5e01\u4ef7\u683c\u6709\u663e\u8457\u5f71\u54cd\u7684\u5e02\u573a\u6ce2\u52a8\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5b83\u6ca1\u6709\u8003\u8651\u5230\u9ed1\u5929\u9e45\u7ecf\u6d4e\u4e8b\u4ef6\u3002<\/span><\/li>\n<li><span dir=\"auto\">\u5b83\u5047\u8bbe\u6bd4\u7279\u5e01\u9700\u6c42\u4fdd\u6301\u4e0d\u53d8\uff0c\u5e76\u4e14\u4e0d\u8003\u8651\u9700\u6c42\u4e0b\u964d\u3002<\/span><\/li>\n<\/ul>\n<p><span dir=\"auto\">\u5982\u4f60\u6240\u89c1\uff0c\u5c3d\u7ba1\u8be5\u6a21\u578b\u6709\u8bf8\u591a\u4f18\u52bf\uff0c\u4f46\u5b83\u672a\u80fd\u8003\u8651\u4e00\u4e9b\u5f71\u54cd\u56e0\u7d20\u3002\u8fd9\u4e2a\u60f3\u6cd5\u4ecd\u7136\u5408\u7406\uff0c\u800c\u4e14\u8bb8\u591a\u4eba\u8ba4\u4e3a\u6bd4\u7279\u5e01\u7684\u5b58\u91cf\u6d41\u91cf\u6bd4\u5728\u7406\u8bba\u4e0a\u662f\u53ef\u9760\u7684\u3002\u7136\u800c\uff0c\u4ec5\u4f7f\u7528\u5355\u4e00\u6a21\u578b\u4f5c\u4e3a\u6295\u8d44\u57fa\u7840\u4ece\u6765\u90fd\u4e0d\u662f\u4e00\u4e2a\u597d\u4e3b\u610f\uff0c\u5c24\u5176\u662f\u5728\u5b83\u6ca1\u6709\u8003\u8651\u6ce2\u52a8\u6027\u7b49\u56e0\u7d20\u7684\u60c5\u51b5\u4e0b\uff0c\u800c\u6ce2\u52a8\u6027\u6b63\u662f\u52a0\u5bc6\u8d27\u5e01\u7684\u6807\u5fd7\u6027\u7279\u5f81\u4e4b\u4e00\u3002<\/span><\/p>\n<h2 id=\"5\"><span dir=\"auto\">\u5bf9\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\u7684\u6279\u8bc4<\/span><\/h2>\n<p><span dir=\"auto\">\u867d\u7136\u6709\u4e9b\u4eba\u76f8\u4fe1\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\u548c\u6bd4\u7387\uff0c\u4f46\u4e5f\u6709\u4eba\u4e0d\u592a\u559c\u6b22\u8fd9\u4e2a\u6a21\u578b\u3002\u8be5\u6a21\u578b\u6700\u4e25\u5389\u7684\u6279\u8bc4\u8005\u4e4b\u4e00\u662f\u4ee5\u592a\u574a\u8054\u5408\u521b\u59cb\u4eba\u7ef4\u5854\u5229\u514b\u00b7\u5e03\u7279\u6797 (Vitalik Buterin)\u30022022 \u5e74 6 \u6708\uff0c\u5f53\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u672a\u80fd\u53cd\u6620\u8be5\u6a21\u578b\u7684\u9884\u671f\u65f6\uff0c\u5e03\u7279\u6797\u5bf9 S2F \u63d0\u51fa\u4e86\u6279\u8bc4\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5176\u4ed6\u6279\u8bc4\u8005\uff0c\u4f8b\u5982 Strix Leviathan \u7684\u9996\u5e2d\u6295\u8d44\u5b98 Nico Cordeiro\uff0c\u4e5f\u5bf9\u8be5\u6a21\u578b\u53d1\u8868\u4e86\u81ea\u5df1\u7684\u770b\u6cd5\u3002\u4ed6\u79f0\u8be5\u6a21\u578b\u4e3a\u201c\u53d8\u8272\u9f99\u201d\u2014\u2014\u8fd9\u4e2a\u8bcd\u7528\u6765\u63cf\u8ff0\u5efa\u7acb\u5728\u201c\u53ef\u7591\u5047\u8bbe\u201d\u4e4b\u4e0a\u7684\u6a21\u578b\u3002<\/span><\/p>\n<h2 id=\"6\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u7684\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\u662f\u4e00\u4e2a\u6709\u7528\u7684\u5de5\u5177\u5417\uff1f<\/span><\/h2>\n<p><span dir=\"auto\">\u6bd4\u7279\u5e01\u7684\u5b58\u91cf\u6d41\u901a\u91cf\u6a21\u578b\u662f\u6700\u53d7\u6b22\u8fce\u7684\u91d1\u878d\u6307\u6807\u4e4b\u4e00\u3002\u7136\u800c\uff0c\u5b83\u4e5f\u5b58\u5728\u4e00\u4e9b\u7f3a\u70b9\uff0c\u4e5f\u9971\u53d7\u6279\u8bc4\u3002\u8bb8\u591a\u4eba\u8ba4\u4e3a\u5b83\u8fc7\u4e8e\u4e50\u89c2\uff0c\u800c\u53e6\u4e00\u4e9b\u4eba\u5219\u6307\u51fa\u5b83\u4e0d\u51c6\u786e\u4e14\u4e0d\u53ef\u9760\u3002<\/span><\/p>\n<p><span dir=\"auto\">\u5c3d\u7ba1\u9971\u53d7\u6279\u8bc4\uff0c\u8be5\u6a21\u578b\u5728\u4e1a\u5185\u4ecd\u7136\u88ab\u5e7f\u6cdb\u4f7f\u7528\uff1b\u7136\u800c\uff0c\u6295\u8d44\u7b56\u7565\u7edd\u4e0d\u80fd\u4ec5\u4ec5\u57fa\u4e8e\u5355\u4e00\u6a21\u578b\u3002\u5728\u9884\u6d4b\u6bd4\u7279\u5e01\u4ef7\u683c\u65f6\uff0c\u8003\u8651\u5176\u4ed6\u6a21\u578b\u548c\u6307\u6807\u81f3\u5173\u91cd\u8981\u3002<\/span><\/p>\n<hr \/>\n<h2 id=\"7\"><span dir=\"auto\">\u5e38\u89c1\u95ee\u9898\u89e3\u7b54<\/span><\/h2>\n<h3 id=\"is-bitcoin-stock-to-flow-accurate\"><span dir=\"auto\">\u6bd4\u7279\u5e01\u7684\u5b58\u91cf\u6d41\u91cf\u51c6\u786e\u5417\uff1f<\/span><\/h3>\n<p><span dir=\"auto\">\u6bd4\u7279\u5e01\u7684\u5b58\u91cf\u6d41\u901a\u6a21\u578b\u6709\u65f6\u786e\u5b9e\u51c6\u786e\uff0c\u8fd9\u662f\u4e8b\u5b9e\u3002\u7136\u800c\uff0c\u8bb8\u591a\u4eba\u58f0\u79f0\u5b83\u7684\u51c6\u786e\u6027\u7eaf\u5c5e\u5de7\u5408\uff0c\u800c\u975e\u4e8b\u5b9e\u3002<\/span><\/p>\n<h3 id=\"what-is-crypto-stock-to-flow\"><span dir=\"auto\">\u4ec0\u4e48\u662f\u52a0\u5bc6\u8d27\u5e01\u5b58\u91cf\u6d41\u91cf\uff1f<\/span><\/h3>\n<p><span dir=\"auto\">\u867d\u7136\u5e93\u5b58\u6d41\u91cf\u6a21\u578b\u4f20\u7edf\u4e0a\u7528\u4e8e\u8d35\u91d1\u5c5e\uff0c\u4f46\u81ea2019\u5e74\u8d77\uff0c\u5b83\u5f00\u59cb\u5e94\u7528\u4e8e\u52a0\u5bc6\u8d27\u5e01\u9886\u57df\u3002\u5e93\u5b58\u6d41\u91cf\u6bd4\u8868\u660e\u8d44\u4ea7\u7684\u4f9b\u5e94\u91cf\u9700\u8981\u591a\u957f\u65f6\u95f4\u624d\u80fd\u5b8c\u5168\u5f00\u91c7\u5e76\u6295\u5165\u6d41\u901a\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4f5c\u4e3a\u9996\u4e2a\u4e5f\u662f\u5e02\u503c\u6700\u5927\u7684\u52a0\u5bc6\u8d27\u5e01\uff0c\u6bd4\u7279\u5e01 (BTC) \u4e00\u76f4\u5904\u4e8e\u52a0\u5bc6\u8d27\u5e01\u884c\u4e1a\u7684\u524d\u6cbf\u3002\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5df2\u8fbe\u5230\u8bb8\u591a\u4eba\u8ba4\u4e3a\u4e0d&hellip; <a class=\"more-link\" href=\"http:\/\/okx.biquan123.com\/blog\/?p=547\">\u7ee7\u7eed\u9605\u8bfb<span class=\"screen-reader-text\">\u6bd4\u7279\u5e01\u5b58\u91cf\u6d41\u91cf\u6a21\u578b\uff1a\u4f60\u9700\u8981\u77e5\u9053\u7684\u4e00\u5207<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-547","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=547"}],"version-history":[{"count":1,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/547\/revisions"}],"predecessor-version":[{"id":548,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/547\/revisions\/548"}],"wp:attachment":[{"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=547"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/okx.biquan123.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}