TokenInsight:GUSD类稳定通证是市场合规化的重要一步,但大多数人对 GUSD 存在误解
2018-09-21 17:29
453 查看
本文内容主要分为 4 个部分,第一部分对稳定通证进行简单介绍;第二部分分析目前市场上试图实现稳定通证项目的三种类别;第三部分分析 Gimini dollar (GUSD) 的影响以及市场对其认识的部分误解;第四部分对稳定通证的未来发展提出几点看法。
简单而言,本文有以下 6 点结论:
稳定通证的发行在短期内存在着信任安全和规模化两者之间的矛盾,而长期来看则存在规模化、安全性和去中心化三者之间的内部矛盾。
实现稳定通证的三类途径都存在着各种的问题,其根本问题在于抵押物的价值与安全保证。
Gimini dollar 的出现是通证市场通向合规之路的重要一步,但是将其理解为是作为推动美元作为全球霸主地位的货币论调是站不住脚的。
Gimini dollar 产生的影响力除却稳定通证市场的规模与合规性外,很多是由市场的乐观预期导致。
稳定通证目前的主要作用是市场的避险资产,其使用场景相对较为单一,未来的发展定位并不明确。
市场上的稳定通证与主权国家发行的法币属于两个概念,不存在前者取代后者的可能。
![](http://earc.iterduo.com/wp-content/uploads/2018/09/226.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/324.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/46.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/59.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/610.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/78.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/810.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/98.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/104.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/1114.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/129.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/139.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/146.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
备注:
1.2018年9月14,下同。
2.State of Blockchain, Coindesk
3.CoinMarketCap
4.Is Bitcoin Really Un-Tethered? John M. Griffin, 2018.06
5.Quantifying the Effect of Tether, tetherreport, 2018.02.
6.对于这部分有兴趣的读者可以阅读TokenInsight发布的Maker评级报告。
7.对于这部分有兴趣的读者可以阅读TokenInsight发布的ICON评级报告。
8.Maker团队早在几年前就已经开始这方面的开发。
9.Etherscan
简单而言,本文有以下 6 点结论:
稳定通证的发行在短期内存在着信任安全和规模化两者之间的矛盾,而长期来看则存在规模化、安全性和去中心化三者之间的内部矛盾。
实现稳定通证的三类途径都存在着各种的问题,其根本问题在于抵押物的价值与安全保证。
Gimini dollar 的出现是通证市场通向合规之路的重要一步,但是将其理解为是作为推动美元作为全球霸主地位的货币论调是站不住脚的。
Gimini dollar 产生的影响力除却稳定通证市场的规模与合规性外,很多是由市场的乐观预期导致。
稳定通证目前的主要作用是市场的避险资产,其使用场景相对较为单一,未来的发展定位并不明确。
市场上的稳定通证与主权国家发行的法币属于两个概念,不存在前者取代后者的可能。
![](http://earc.iterduo.com/wp-content/uploads/2018/09/226.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/324.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/46.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/59.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/610.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/78.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/810.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/98.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/104.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/1114.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/129.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/139.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
![](http://earc.iterduo.com/wp-content/uploads/2018/09/146.png?watermark/1/image/aHR0cDovL3d3dy5pdGVyZHVvLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAxOC8wMy_lm77lsYItMjEucG5n/dissolve/100/gravity/SouthEast/dx/10/dy/10)
备注:
1.2018年9月14,下同。
2.State of Blockchain, Coindesk
3.CoinMarketCap
4.Is Bitcoin Really Un-Tethered? John M. Griffin, 2018.06
5.Quantifying the Effect of Tether, tetherreport, 2018.02.
6.对于这部分有兴趣的读者可以阅读TokenInsight发布的Maker评级报告。
7.对于这部分有兴趣的读者可以阅读TokenInsight发布的ICON评级报告。
8.Maker团队早在几年前就已经开始这方面的开发。
9.Etherscan
相关文章推荐
- 迈出从3K到1W的重要一步——掌握设计模式
- 当互联网企业遇到了 SAFe, 是一拍即合? 还是存在著误解?!
- 微信小程序,大多数人误解的8个问题
- 你的设备已过期,并缺少重要的安全和质量更新,因此存在危险
- 谷歌称语音搜索对手机市场至关重要
- [大学总要留下点什么]第一步,也是我最重要的一步
- 有感,懂市场比懂产品重要,懂产品比懂技术重要——想起凡客诚品和YY语音了
- 迈出从3K到1W的重要一步——掌握设计模式
- (原创)存在于大多数小公司的测试管理问题
- 迈出从3K到1W的重要一步——掌握设计模式
- jsp中jquery用法一步刷新 验证用户名是否存在
- 亚马逊云计算进军大企业市场 合作最重要
- 迈出从3K到1W的重要一步——掌握设计模式
- 在IT行业,科技公司,技术重要还是市场销售重要!
- 迈出从3K到1W的重要一步——掌握设计模式
- 迈出从3K到1W的重要一步——掌握设计模式
- IIS网站配置重要的一步_AX
- 工作流学习——重要概念扫盲篇一步曲
- 迈出从3K到1W的重要一步——掌握设计模式
- Android IOS WebRTC 音视频开发总结(六四)-- webrtc能走多远我不知道,但这个市场真实存在