比特币玩家们，醒醒吧

这些消息也让比特币的价格逐渐回升，在晚些时候已经基本回升到原有价格。

The news has also led to a gradual recovery of the price of Bitcoin, which has largely risen to the original price at a later stage.

断绝后路

Cut the back road

2013年是比特币最疯狂的一年，人们为它标上众多标签，如“非国家货币”、“虚拟货币”、“具有历史革命意义的货币支付手段”等。这都加大了投资者对其的关注。

The year 2013 was one of Bitcoin’s craziest years, marked by a number of labels, such as “non-state currency”, “virtual currency”, and “money-payment instruments of historical revolutionary significance.” This has increased investors’ attention to it.

但徐明星却对记者表示：“最开始比特币就没说要取代货币。”在通知出台之后，这种说法在比特币玩家的圈里屡见不鲜，有比特币的玩家甚至对网易科技表示：“现在比特币已经变为了类似贵金属的保值类的理财品类。”

But Star Xu said to the reporter, “The first bitcoin didn't say anything about replacing the currency.” After the circular was issued, this was commonplace in the circle of bitcoin players, who even said to Cybertech: “Now Bitcoin has become a sort of precious metal-like conservation material.”

但和几个月前的那些理想相比，这看起来更像是自我安慰。

But this looks more like self-consolation than the ideals of a few months ago.

在孙建波看来，比特币在中国成为货币是绝对不可能的事情，“从本质而言，比特币是基于算法而产生的，跟一般商品是通过劳动产生不同，比特币与社会生产力没有关系。”为此，孙建波认为，比特币的本质是一种“网络艺术品”。

In Sun Jianbo's view, it is absolutely impossible for Bitcoin to become a currency in China, “in essence, bitcoin is based on algorithms, unlike ordinary goods that are generated through labour, and bitcoin has nothing to do with social productivity.” For this reason, Sun Jianbo considers Bitcoin's essence to be a “network art”.

“这与货币有着根本的区别。”孙建波告诉网易科技，货币的属性是基于物物交换产生的，凝结了人类的劳动价值，可以充当物物交换的媒体，并且有一个强大的社会组织比如国家作为信用担保，才能成为货币。

“This is a fundamental difference from money.” Sun Jianbo tells me that the properties of money are based on the exchange of goods, condensing human labour values, acting as a medium for the exchange of goods, and that there is a powerful social organization, such as the State, which guarantees credit in order to become a currency.

东兴证券自身宏观经济分析师谭凇则指出，“比特币背后并没有国家信用或黄金等一般等价物做背书，其价值完全取决于人们对它的信任，具有一定的风险。”

East Hing's own macroeconomic analyst Tan Xin pointed out that “the value of Bitcoin, which is not endorsed by a general equivalent such as national credit or gold, depends entirely on trust in it and carries a certain risk”.

国外的金融专家们则也对比特币的货币属性完全不看好，前美联储主席艾伦•格林斯潘在接受采访时表示，比特币的价格在一年内疯长89倍之后已经达到不可持续的高估值，而虚拟货币并不是货币。“这是一个泡沫，它必须有内在价值。你得绞尽脑汁去想象比特币具有哪些内在价值。我反正没能力做到这一点。也许别人可以。”

Financial experts from abroad, too, compared to the currency of the currency, which is totally unsound, and former Fed Chairman Alan #8226; Greenspan, in an interview, said that the price of Bitcoin had reached an unsustainable high valuation after 89 times the size of the year, and that virtual currency was not currency. “It's a bubble, it must have intrinsic value. You have to brainwash to imagine what bitcoin has intrinsic value. I can't do it anyway. Maybe someone else can.”

这句话道出了比特币未来的关键，当无法成为能够流通的货币，还有多少人愿意为这些毫无意义的代码进行买单？毒贩、军火商？还是那些杀手组织？

How many more are willing to pay for these meaningless codes when it's impossible to be a currency in circulation? Drug dealers, arms dealers, or killer groups?

中国绝非第一个宣布比特币不会成为流通货币的国家，当然也不会是最后一家。据路透社的报道，法国央行日前针对比特币所存在的风险发出预警，这也表明有越来越多的政府开始关注不受任何机构监管的比特币，在此之前泰国、德国等国家都已经做过类似的规定。

China is not the first, and certainly not the last, country to declare that Bitcoin will not become a currency in circulation. According to Reuters, the Central Bank of France has recently issued an early warning of the risks of Bitcoin, indicating that an increasing number of governments are beginning to focus on Bitcoin, which is not regulated by any of the agencies, before Thailand, Germany, etc.

比特币的后路，被堵死了。

Bitcoin's way back, blocked to death.

未来发展

Future developments

或许唯一的利好是国家将出台有关规定对这个行业进行更多的监管，让行业更有序的发展。徐明星对网易科技表示：“比特币交易所在未来必须更多的遵循国家的规章制度来符合要求。”

Perhaps the only good thing is that the country will put in place more regulations to regulate the industry so that it can develop in a more orderly manner. Xu-Star said to Cyber-Technology: “The Bitcoin Exchange will have to comply more with the country’s regulations in the future.”

“央行在这个时候介入监管是一种未雨绸缪的做法，而且，从投资风险的角度讲，央行的介入监管能够更加规范比特币的市场交易”，首创证券研发部副总经理王剑辉则对网易科技表示。

“The intervention of central banks in regulation at this time is a proactive approach, and, in terms of investment risk, their involvement can make the market transactions of Bitcoin more regulated.

王剑辉认为，央行出手警示比特币，可以更加规范金融市场，防止投资者在非理性状态下的投机性炒作，同时，也让普通投资者更加正确看待货币、虚拟货币、虚拟商品等。

Wang Senghui argued that the central bank’s warning of bitcoin could make financial markets more regulated and prevent speculative speculation by investors in an irrational state, while also giving ordinary investors a more correct view of money, virtual money, virtual goods, etc.

而根据法国央行的公告称，法国央行表示，比特币的价格本质上是波动的，而使用者也很难将其转换成真实货币。同时，比特币的匿名性也存在诸多风险，因为它们可能会被用来洗钱或资助恐怖主义行动等等。“即便比特币现在还不是可靠的投资工具，不会对金融稳定构成显著风险，但对于那些持有它们的人们来说仍然存在金融风险。”

At the same time, the anonymity of bitcoins poses a number of risks, since they may be used for money-laundering or terrorist financing, among other things. “Even if bitcoins are not yet a reliable instrument for investment, they do not pose a significant risk to financial stability, but they remain a financial risk for those who own them.”

但即便披上了“投资品”甚至“理财产品”的外衣，比特币的未来仍然让人心存疑惑。

But even under the cloak of “investment goods” and even “property goods”, the future of Bitcoin remains questionable.

比特币玩家们，醒醒吧。

Bitcoin players, wake up.