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为什么要投资区块链数字资产",[128,129,130],"p",{},"理论上，定投策略可以用来投资很多标的。在未来的十年中，有个过去并未受到广泛重视的一种标的就是区块链数字资产。",[128,132,133],{},"先说比特币。比特币是地球上第一个应用区块链技术的数字资产，这一点毋庸置疑。过去的十年之中，比特币饱受争议。每一轮的价格上涨下跌，都会反复被宣告死亡 —— 迄今为止比特币已经至少被宣布死亡 364 次。大家可以记住这个网址，它上面记录着能够收集到的历史上比特币被死亡的历次言论。",[135,136,137],"blockquote",{},[128,138,139],{},[140,141,142],"a",{"href":142,"rel":143},"https:\u002F\u002F99bitcoins.com\u002Fbitcoin-obituaries\u002F",[144],"nofollow",[128,146,147],{},"很多人喜欢搬弄新词汇，会一脸专家地告诉你，现在比特币已经获得共识…… 诸如此类吧。关于比特币的技术细节，我需要用另外专门的课堂去讲解。但，在这里可以说清楚的一点是，在区块链技术中，“共识”（Concensus）这个词，指的是机器与机器之间使用算法实现的共识，而不是人与人之间的共识。",[128,149,150],{},"人与人之间，没有标准沟通协议，几乎没办法产生有效共识。倒也不是没有，各色人等之间的唯一共识，我能想到的就是赚钱，除此之外，没啥共识。所以，以后不要乱显摆专用术语，容易露馅哈。",[128,152,153,154,158],{},"比特币之所以厉害，根本不是因为什么 “价格共识”，那因为什么呢？为了说明这个重点，我不得不杜撰一个词汇出来，叫做 “",[155,156,157],"strong",{},"皆难否","”。什么叫 “皆难否” 呢？就是不管你接受不接受，关键在于所有人都难以否认。这就叫皆难否。",[128,160,161,162,164],{},"所以，厉害的并不是“人们都接受”，而是“",[155,163,157],{},"” —— 就是无论是谁都无法否认的事实。比特币这种东西之所以厉害，不是因为有一天它会被所有人接受，相信我，那是不可能的。美元厉害吧？你在北京夜市吃大排档，用美元支付试试看？绝大多数情况下不会被接受的。但，没有人会否认真美元的价值。",[128,166,167],{},"现在的比特币已经到了这个地步，就是无论怎样，涨也罢，跌也罢，反正“皆难否”。比特币诞生的十年后的今天，区块链技术的价值，同样早就拥有了皆难否的属性。而基于区块链技术的数字资产，其增值趋势，同样是皆难否的 —— 投资区块链数字资产的最重要理由莫过如此。",[128,169,170],{},"八年前，我开始投资比特币的理由很简单：",[135,172,173],{},[128,174,175],{},"我们已经见识过互联网是如何通过大幅度降低信息流通成本（降低至几近于零）改变这个世界的；如果现在有个东西能够大幅度降低资产流动成本（降低至几近于零），那么这世界必然因此发生巨大变化 —— 至于是多大的变化干脆想象不出来，正如三十年前我们没办法想象互联网是像今天这样改变世界的一样。所以，如果当年投资互联网是正确的，那么我去投资区块链也是对的，之前那是“信息互联网”，现在这可是“金融互联网”。",[128,177,178,179,182,183,186],{},"八年后的今天，比特币已经不再是当年的 “",[155,180,181],{},"社会实验","”，早就是一场 “",[155,184,185],{},"社会实践","” 了。而持续发展的趋势，不仅皆难否，更为重要的是，这个趋势跑道很长很长。",[128,188,189],{},"比特币这个东西，按照它白皮书的规划，要挖到 2140 年…… 十年前，看到这样的计划，以为是天方夜谭。但，现在十年已经过去，比特币不再是 “实验”，而是 “实践”，那么，这个跑道还有 120 年呢！基本上超过所有今天听众的生命极限。也因此，我认为我根本不可能找到更长的跑道了。",[128,191,192],{},"然而，更为重要的是，十年后的今天，可投资的区块链数字资产标的不止一个了。当年我入场的时候，只有一个标的，就是比特币。其后的几年里，虽然有成千上万的山寨币出现，包括今天依然活跃的莱特币，但在我眼里靠谱的只有一个，就是比特币。",[128,194,195,196],{},"只有一个投资标的的时候，有一件事情是解决不了的：",[155,197,198],{},"无法稀释机会成本。",[128,200,201],{},"现在不一样了，现在有很多靠谱投资标的，那么，我们就有办法通过投资一系列标的完成这个重要的投资策略：稀释机会成本。这是很重要的投资策略，只可惜绝大多数所谓的投资人完全不具备这种基础概念。",[128,203,204,205,210],{},"这也是为什么我要设计并推出一揽子标的解决方案 ",[140,206,209],{"href":207,"rel":208},"https:\u002F\u002Fb.watch",[144],"BOX"," 的原因。在已有的传统金融市场上，这种一揽子投资标的，被称为 ETF，Exchangable Trading Fund。这个概念没办法顾名思义，但，可以通过 ETF 的基本属性去了解它：",[135,212,213],{},[214,215,216,220,223],"ul",{},[217,218,219],"li",{},"把一系列标的锁定在一个篮子中；",[217,221,222],{},"配有一个市场上可交易的 Token 锚定这个篮子的价值；",[217,224,225],{},"在一定的条件下，Token 持有者可以通过缴回 Token 赎回该篮子中对应的标的。",[128,227,228,231],{},[140,229,209],{"href":207,"rel":230},[144],"就是这样的一个 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