\u6211\u7ecf\u5e38\u63d0\u5230\u7684\u4e00\u70b9\u662f\uff0c\u52a0\u5bc6\u8d27\u5e01\u6b63\u5728\u8fc5\u901f\u5438\u53d6\u4f20\u7edf\u91d1\u878d\u7684\u7ecf\u9a8c\u6559\u8bad\uff0c\u8fd9\u4e2a\u8fc7\u7a0b\u76f8\u5f53\u6709\u8da3\u3002\u9996\u5148\uff0c\u5b83\u6709\u65f6\u4f1a\u7ecf\u5386\u4e00\u4e9b\u6ed1\u7a3d\u751a\u81f3\u707e\u96be\u6027\u7684\u4e8b\u4ef6\uff0c\u4ece\u800c\u91cd\u65b0\u5b66\u4e60\u8fd9\u4e9b\u6559\u8bad\u3002\u5176\u6b21\uff0c\u5b83\u5f80\u5f80\u80fd\u4ee5\u4e00\u79cd\u975e\u5e38\u6e05\u6670\u3001\u7b80\u6d01\u4e14\u7cfb\u7edf\u5316\u7684\u65b9\u5f0f\u6765\u638c\u63e1\u8fd9\u4e9b\u7ecf\u9a8c\u3002\u53ef\u4ee5\u8bf4\uff0c\u52a0\u5bc6\u8d27\u5e01\u662f\u4e00\u4e2a\u6781\u4f73\u7684\u6559\u5b66\u5de5\u5177\u3002\u6bd4\u5982\uff0c\u5982\u679c\u4f60\u60f3\u4e86\u89e3\u4fe1\u8d37\u5371\u673a\uff0c\u4f60\u53ef\u4ee5\u9009\u62e9\u6df1\u5165\u7814\u7a76 2008 \u5e74\u5168\u7403\u91d1\u878d\u5371\u673a\u7684\u8d77\u56e0\u548c\u8fc7\u7a0b\uff0c\u4f46\u90a3\u65e0\u7591\u4f1a\u76f8\u5f53\u590d\u6742\u4e14\u6df7\u4e71\u3002\u6216\u8005\uff0c\u4f60\u4e5f\u53ef\u4ee5\u9009\u62e9\u7814\u7a76 2022 \u5e74\u52a0\u5bc6\u8d27\u5e01\u91d1\u878d\u5371\u673a\u7684\u8d77\u56e0\u548c\u8fc7\u7a0b\uff0c\u8fd9\u76f8\u5bf9\u6765\u8bf4\u66f4\u52a0\u7b80\u5355\u660e\u4e86\uff0c\u800c\u4e14\u8fd8\u9887\u6709\u8da3\u5473\u3002\u5728\u8fd9\u6b21\u5371\u673a\u4e2d\uff0c\u6240\u6709\u76f8\u5173\u4eba\u58eb\u90fd\u5728\u5b9e\u65f6\u53d1\u5e03\u63a8\u7279\u52a8\u6001\uff0c\u63a5\u53d7 YouTube \u91c7\u8bbf\u3002\u4ece\u52a0\u5bc6\u8d27\u5e01\u5371\u673a\u4e2d\u83b7\u5f97\u7684\u8bb8\u591a\u76f4\u89c9\u5bf9\u4e8e\u7406\u89e3\u771f\u5b9e\u7684\u91d1\u878d\u5371\u673a\u5f88\u6709\u5e2e\u52a9\uff0c\u800c\u4e14\u5176\u5448\u73b0\u65b9\u5f0f\u66f4\u7b80\u5355\u3001\u66f4\u6709\u8da3\uff0c\u4e5f\u66f4\u52a0\u516c\u5f00\u900f\u660e\u3002\u6211\u66fe\u5199\u9053\uff1a\u300c\u52a0\u5bc6\u8d27\u5e01\u5c31\u50cf\u662f\u628a\u4f20\u7edf\u91d1\u878d\u516c\u53f8\u91cc\u90a3\u4e9b\u806a\u660e\u4e14\u96c4\u5fc3\u52c3\u52c3\u7684\u5b9e\u4e60\u751f\u653e\u5230\u4ed6\u4eec\u81ea\u5df1\u7684\u6e38\u620f\u5e02\u573a\u4e2d\uff0c\u8ba9\u4ed6\u4eec\u81ea\u7531\u53d1\u6325\u3001\u5f53\u5bb6\u4f5c\u4e3b\u7684\u7ed3\u679c\u3002\u300d\u6b63\u56e0\u5982\u6b64\uff0c\u52a0\u5bc6\u8d27\u5e01\u624d\u5177\u6709\u4e86\u5982\u6b64\u72ec\u7279\u7684\u6559\u80b2\u610f\u4e49\u3002<\/p>\n
\u7a33\u5b9a\u5e01\u662f\u4e00\u79cd\u7279\u6b8a\u7684\u52a0\u5bc6\u8d27\u5e01\u4ea7\u54c1\uff0c\u53ef\u4ee5\u89c6\u4e3a\u94f6\u884c\u7684\u4e00\u79cd\u62bd\u8c61\u8868\u73b0\u5f62\u5f0f\u3002\u5f53\u4f60\u5411\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\u5b58\u5165 1 \u7f8e\u5143\u65f6\uff0c\u4f60\u4f1a\u6536\u5230\u4e00\u5f20\u6536\u636e\uff0c\u5373\u7a33\u5b9a\u5e01\uff0c\u4e0a\u9762\u6807\u660e\u300c\u7b49\u503c\u4e8e 1 \u7f8e\u5143\u300d\u3002\u968f\u540e\uff0c\u5728\u52a0\u5bc6\u8d27\u5e01\u7684\u73af\u5883\u4e2d\uff0c\u6bd4\u5982\u5728\u533a\u5757\u94fe\u4e0a\u6216\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u5185\uff0c\u4f60\u53ef\u4ee5\u5c06\u8fd9\u679a\u7a33\u5b9a\u5e01\u5f53\u4f5c 1 \u7f8e\u5143\u6765\u4f7f\u7528\u3002\u5b83\u5177\u5907\u4ea4\u6613\u529f\u80fd\uff0c\u4f8b\u5982\uff0c\u4f60\u53ef\u4ee5\u7528 1 \u7f8e\u5143\u7684\u7a33\u5b9a\u5e01\u8d2d\u4e70\u4ef7\u503c 1 \u7f8e\u5143\u7684\u6bd4\u7279\u5e01\uff0c\u800c\u5356\u51fa\u6bd4\u7279\u5e01\u7684\u4e00\u65b9\u5219\u4f1a\u83b7\u5f97\u4f60\u7684\u7a33\u5b9a\u5e01\u3002<\/p>\n
\u4e0e\u6b64\u540c\u65f6\uff0c\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\u4f1a\u6301\u6709\u4f60\u7684 1 \u7f8e\u5143\u5e76\u8fdb\u884c\u6295\u8d44\uff0c\u4ee5\u671f\u83b7\u5f97\u5229\u6da6\u3002\u8fd9\u4e9b\u5229\u6da6\u4e00\u822c\u7528\u6765\u652f\u4ed8\u8fd0\u8425\u5f00\u652f\u3001\u9ad8\u7ba1\u85aa\u916c\u7b49\u3002\u800c\u4f60\uff08\u6216\u4efb\u4f55\u6301\u6709\u7a33\u5b9a\u5e01\u7684\u4eba\uff09\u901a\u5e38\u53ef\u4ee5\u5728\u8f83\u77ed\u7684\u65f6\u95f4\u5185\u5c06\u7a33\u5b9a\u5e01\u5f52\u8fd8\u7ed9\u53d1\u884c\u65b9\uff0c\u4ee5\u6362\u56de\u4f60\u7684\u7f8e\u5143\u3002\u6b64\u65f6\uff0c\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\u5fc5\u987b\u652f\u4ed8\u8fd9 1 \u7f8e\u5143\u3002<\/p>\n
\u603b\u4f53\u6765\u8bf4\uff0c\u8fd9\u4e2a\u8fc7\u7a0b\u4e0e\u94f6\u884c\u5b58\u6b3e\u9887\u4e3a\u76f8\u4f3c\uff0c\u5c3d\u7ba1\u4e24\u8005\u4e4b\u95f4\u4e5f\u5b58\u5728\u4e00\u4e9b\u5dee\u5f02\u3002\u5982\u679c\u4f60\u5bf9\u94f6\u884c\u7684\u8fd0\u4f5c\u6a21\u5f0f\u6709\u6240\u4e86\u89e3\uff0c\u90a3\u4e48\u5c31\u80fd\u9884\u89c1\u5230\u8fd9\u79cd\u6a21\u5f0f\u53ef\u80fd\u51fa\u73b0\u95ee\u9898\u7684\u4e00\u4e9b\u65b9\u5f0f\u3002\u5177\u4f53\u6765\u8bf4\uff0c\u4e3b\u8981\u6709\u4e24\u79cd\u60c5\u51b5\uff1a<\/p>\n
\u9996\u5148\uff0c\u94f6\u884c\u6216\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\u5728\u6301\u6709\u4f60\u7684\u8d44\u91d1\u65f6\uff0c\u6709\u6743\u8fdb\u884c\u6295\u8d44\u5e76\u4fdd\u7559\u6240\u5f97\u5229\u6da6\u3002\u5b83\u4eec\u4ece\u5b58\u6b3e\u4eba\u7684\u8d44\u91d1\u4e2d\u83b7\u5f97\u7684\u5229\u6da6\u8d8a\u591a\uff0c\u81ea\u5df1\u7559\u4e0b\u7684\u90e8\u5206\u4e5f\u5c31\u8d8a\u591a\u3002\u7136\u800c\uff0c\u53e6\u4e00\u65b9\u9762\uff0c\u5982\u679c\u5b83\u4eec\u6295\u8d44\u4e8f\u635f\uff0c\u5bfc\u81f4\u8d44\u91d1\u5168\u90e8\u635f\u5931\uff0c\u90a3\u4e48\u5b58\u6b3e\u4eba\u5c06\u4e0d\u5f97\u4e0d\u627f\u62c5\u5927\u90e8\u5206\u635f\u5931\u3002\u56e0\u4e3a\u53d1\u884c\u65b9\u7684\u5927\u90e8\u5206\u8d44\u91d1\u90fd\u6765\u6e90\u4e8e\u5b58\u6b3e\u4eba\uff0c\u6240\u4ee5\u4e00\u65e6\u4e8f\u635f\uff0c\u5c31\u6ca1\u6709\u66f4\u591a\u7684\u8d44\u91d1\u6765\u8865\u507f\u4ed6\u4eec\u3002<\/p>\n
\u56e0\u6b64\uff0c\u8fd9\u5c31\u7ed9\u53d1\u884c\u65b9\u5e26\u6765\u4e86\u627f\u62c5\u98ce\u9669\u7684\u52a8\u673a\uff1a\u5982\u679c\u98ce\u9669\u6295\u8d44\u83b7\u5f97\u6210\u529f\uff0c\u5b83\u4eec\u5c31\u80fd\u8d5a\u53d6\u5927\u91cf\u5229\u6da6\uff1b\u800c\u5982\u679c\u6295\u8d44\u5931\u8d25\uff0c\u635f\u5931\u7684\u5219\u662f\u522b\u4eba\u7684\u8d44\u91d1\u3002<\/p>\n
\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u53ef\u80fd\u4f1a\u53d1\u751f\u300c\u6324\u5151\u300d\u3002\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\u53ef\u80fd\u4f1a\u5c06\u4f60\u7684\u5168\u90e8\u8d44\u91d1\u6295\u8d44\u4e8e\u4e00\u4e9b\u770b\u4f3c\u975e\u5e38\u5b89\u5168\u7684\u9879\u76ee\uff0c\u4f46\u5176\u4e2d\u4e0d\u4e4f\u4e00\u4e9b\u957f\u671f\u6295\u8d44\u3002\u7136\u800c\uff0c\u5982\u679c\u6240\u6709\u5b58\u6b3e\u4eba\u90fd\u8981\u6c42\u5728\u540c\u4e00\u5929\u53d6\u56de\u4ed6\u4eec\u7684\u8d44\u91d1\uff0c\u53d1\u884c\u65b9\u53ef\u80fd\u65e0\u6cd5\u7acb\u5373\u6ee1\u8db3\u8fd9\u4e00\u9700\u6c42\u3002\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u5b83\u4eec\u53ef\u80fd\u4e0d\u5f97\u4e0d\u4ee5\u4f4e\u4e8e\u6210\u672c\u7684\u4ef7\u683c\u7d27\u6025\u629b\u552e\u8fd9\u4e9b\u957f\u671f\u6295\u8d44\uff0c\u6700\u7ec8\u5bfc\u81f4\u8d44\u91d1\u4e0d\u8db3\uff0c\u65e0\u6cd5\u507f\u8fd8\u6240\u6709\u5b58\u6b3e\u4eba\u3002<\/p>\n
\u7531\u4e8e\u8fd9\u79cd\u73af\u73af\u76f8\u6263\u7684\u884c\u4e8b\u903b\u8f91\u662f\u4f17\u6240\u5468\u77e5\u7684\uff0c\u56e0\u6b64\u5b83\u5177\u6709\u81ea\u6211\u5f3a\u5316\u7684\u7279\u6027\uff1a\u5982\u679c\u4f60\u9884\u89c1\u5230\u53ef\u80fd\u4f1a\u53d1\u751f\u6324\u5151\uff0c\u90a3\u4e48\u4e3a\u4e86\u8d44\u91d1\u5b89\u5168\uff08\u5728\u53d1\u884c\u65b9\u8d44\u91d1\u8017\u5c3d\u4e4b\u524d\uff09\uff0c\u4f60\u4f1a\u503e\u5411\u4e8e\u5148\u884c\u53d6\u6b3e\u3002\u800c\u5982\u679c\u6bcf\u4e2a\u4eba\u90fd\u91c7\u53d6\u8fd9\u6837\u7684\u884c\u52a8\uff0c\u90a3\u4e48\u6324\u5151\u5c31\u5fc5\u7136\u4f1a\u53d1\u751f\u3002<\/p>\n
\u8fd9\u4e24\u4e2a\u95ee\u9898\u5f80\u5f80\u76f8\u4e92\u5173\u8054\uff0c\u56e0\u4e3a\u51fa\u73b0\u94f6\u884c\u6324\u5151\u7684\u4e00\u4e2a\u5e38\u89c1\u539f\u56e0\u5c31\u662f\u94f6\u884c\u7528\u5b58\u6b3e\u4eba\u7684\u8d44\u91d1\u505a\u51fa\u4e86\u7cdf\u7cd5\u7684\u6295\u8d44\u51b3\u7b56\u3002\u7136\u800c\uff0c\u5b83\u4eec\u5e76\u4e0d\u603b\u662f\u540c\u65f6\u51fa\u73b0\u3002\u94f6\u884c\u6709\u53ef\u80fd\u5728\u7cdf\u7cd5\u7684\u6295\u8d44\u4e0a\u906d\u53d7\u91cd\u5927\u635f\u5931\uff0c\u5e76\u5728\u4efb\u4f55\u4eba\u610f\u8bc6\u5230\u8fd9\u4e00\u70b9\u4e14\u6709\u65f6\u95f4\u8fdb\u884c\u6392\u961f\u53d6\u6b3e\u4e4b\u524d\uff0c\u5c31\u5df2\u7ecf\u7834\u4ea7\u4e86\u3002\u540c\u65f6\uff0c\u4e5f\u6709\u53ef\u80fd\u53d1\u751f\u4e00\u4e9b\u5e76\u975e\u76f4\u63a5\u7531\u6295\u8d44\u635f\u5931\u5f15\u53d1\u7684\u6324\u5151\u60c5\u51b5\uff0c\u800c\u662f\u5b8c\u5168\u7531\u4e8e\u94f6\u884c\u7684\u5373\u65f6\u8d1f\u503a\u4e0e\u975e\u6d41\u52a8\u8d44\u4ea7\u4e4b\u95f4\u5b58\u5728\u6d41\u52a8\u6027\u4e0d\u5339\u914d\u6240\u9020\u6210\u7684\u3002<\/p>\n
\u5728\u94f6\u884c\u4e1a\u9886\u57df\uff0c\u5b58\u5728\u4e00\u7cfb\u5217 SOP \u6765\u5e94\u5bf9\u5404\u79cd\u6311\u6218\u3002\u9488\u5bf9\u6295\u8d44\u95ee\u9898\uff0c\u4e3b\u8981\u91c7\u53d6\u4ee5\u4e0b\u7b56\u7565\uff1a<\/p>\n
1. \u5ba1\u614e\u76d1\u7ba1\uff1a\u76d1\u7ba1\u673a\u6784\u7d27\u5bc6\u5173\u6ce8\u94f6\u884c\u7684\u6295\u8d44\u884c\u4e3a\uff0c\u81f4\u529b\u4e8e\u9884\u9632\u94f6\u884c\u505a\u51fa\u4e0d\u5229\u7684\u6295\u8d44\u51b3\u7b56\u3002<\/p>\n
2. \u8d44\u672c\u76d1\u7ba1\uff1a\u8981\u6c42\u94f6\u884c\u6301\u6709\u4e00\u5b9a\u6bd4\u4f8b\u7684\u989d\u5916\u8d44\u672c\uff0c\u8fd9\u6837\u5373\u4f7f\u6295\u8d44\u51fa\u73b0\u4e8f\u635f\uff0c\u94f6\u884c\u4e5f\u80fd\u5229\u7528\u975e\u5b58\u6b3e\u4eba\u7684\u8d44\u91d1\u6765\u627f\u62c5\u635f\u5931\u3002<\/p>\n
\u800c\u5bf9\u4e8e\u6324\u5151\u95ee\u9898\uff0c\u5219\u4e3b\u8981\u901a\u8fc7\u4ee5\u4e0b\u65b9\u6cd5\u6765\u89e3\u51b3\uff1a<\/p>\n
1. \u6d41\u52a8\u6027\u76d1\u7ba1\uff1a\u8981\u6c42\u94f6\u884c\u4fdd\u6301\u5145\u8db3\u7684\u73b0\u91d1\u50a8\u5907\uff0c\u4ee5\u6ee1\u8db3\u5b58\u6b3e\u4eba\u968f\u65f6\u53ef\u80fd\u63d0\u51fa\u7684\u53d6\u6b3e\u9700\u6c42\u3002<\/p>\n
2. \u300c\u6700\u540e\u8d37\u6b3e\u4eba\u300d\u5236\u5ea6\uff1a\u5982\u679c\u4e00\u5bb6\u94f6\u884c\u62e5\u6709\u4f18\u8d28\u7684\u975e\u6d41\u52a8\u8d44\u4ea7\uff0c\u4f46\u9762\u4e34\u6240\u6709\u5b58\u6b3e\u4eba\u540c\u65f6\u8981\u6c42\u53d6\u6b3e\u7684\u60c5\u51b5\uff0c\u7f8e\u8054\u50a8\u4f1a\u5411\u8be5\u94f6\u884c\u63d0\u4f9b\u8d37\u6b3e\uff0c\u56e0\u4e3a\u7f8e\u8054\u50a8\u76f8\u4fe1\u94f6\u884c\u6700\u7ec8\u6709\u80fd\u529b\u507f\u8fd8\u3002<\/p>\n
3. \u5b58\u6b3e\u4fdd\u9669\uff1a\u653f\u5e9c\u4f5c\u51fa\u627f\u8bfa\uff0c\u300c\u5982\u679c\u94f6\u884c\u771f\u7684\u5012\u95ed\u4e86\uff0c\u6211\u4eec\u5c06\u5728\u4e00\u5b9a\u9650\u989d\u5185\u8fd4\u8fd8\u4f60\u7684\u5b58\u6b3e\uff0c\u56e0\u6b64\u8bf7\u4e0d\u8981\u53c2\u4e0e\u6324\u5151\u94f6\u884c\u3002\u300d<\/p>\n
\u5728\u7a33\u5b9a\u5e01\u9886\u57df\uff0c\u603b\u4f53\u800c\u8a00\uff0c\u8fd9\u4e9b\u63aa\u65bd\u662f\u5426\u5927\u591a\u7f3a\u5931\u5462\uff1f\u786e\u5b9e\uff0c\u4e1a\u754c\u6709\u4e00\u4e9b\u63d0\u8bae\u6db5\u76d6\u4e86\u5176\u4e2d\u7684\u90e8\u5206\u63aa\u65bd\u3002\u7136\u800c\uff0c\u6211\u4eec\u66fe\u8ba8\u8bba\u8fc7\u7684 Tether\uff0c\u4f5c\u4e3a\u6700\u5927\u7684\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\uff0c2019 \u5e74\u5c31\u56e0\u5bf9\u5ba2\u6237\u8d44\u91d1\u8fdb\u884c\u4e86\u6781\u5176\u5192\u9669\u7684\u6295\u8d44\u800c\u9677\u5165\u56f0\u5883\uff0c\u5176\u516c\u5e03\u7684\u8d26\u76ee\u4e00\u5ea6\u663e\u793a\u8d44\u672c\u6bd4\u7387\u4ec5\u4e3a 0.2%\uff08\u5c3d\u7ba1\u540e\u6765\u6709\u6240\u6539\u5584\uff09\u3002\u53e6\u5916\uff0c\u6211\u4eec\u8fd8\u8ba8\u8bba\u8fc7 TerraUSD\uff0c\u8fd9\u79cd\u7a33\u5b9a\u5e01\u7684\u6295\u8d44\u7b56\u7565\u51e0\u4e4e\u7b49\u540c\u4e8e\u300c\u5927\u91cf\u9ad8\u5ea6\u5173\u8054\u7684\u98ce\u9669\u8d44\u4ea7\u300d\uff0c\u7ed3\u679c\u5728 2022 \u5e74\u7684\u4e00\u6b21\u6324\u5151\u4e2d\u5f7b\u5e95\u5d29\u6e83\u3002<\/p>\n
\u90a3\u4e48\uff0c\u5bf9\u4e8e\u7a33\u5b9a\u5e01\u800c\u8a00\uff0c\u7406\u60f3\u7684\u76d1\u7ba1\u89e3\u51b3\u65b9\u6848\u5e94\u8be5\u5177\u5907\u54ea\u4e9b\u8981\u7d20\u5462\uff1f\u300c\u5b58\u6b3e\u4fdd\u9669\u548c\u83b7\u5f97\u7f8e\u8054\u50a8\u8d34\u73b0\u7a97\u53e3\u7684\u673a\u4f1a\u300d\u542c\u8d77\u6765\u50cf\u662f\u4e00\u4e2a\u6709\u8da3\u4e14\u5b9e\u9645\u7684\u8981\u6c42\uff0c\u800c\u4e14\u5728\u6211\u5199\u4e0b\u8fd9\u53e5\u8bdd\u65f6\uff0c\u6211\u7a81\u7136\u610f\u8bc6\u5230\u8fd9\u5f88\u6709\u53ef\u80fd\u5728\u4e0b\u4e00\u5c4a\u7279\u6717\u666e\u653f\u5e9c\u7684\u7b2c\u4e00\u5e74\u5185\u6210\u4e3a\u73b0\u5b9e\u3002<\/p>\n
\u66f4\u76f4\u63a5\u4e14\u6838\u5fc3\u7684\u56de\u7b54\u662f\uff1a\u300c\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\u5e94\u5f53\u5c06\u8d44\u91d1\u6295\u8d44\u4e8e\u76f8\u5bf9\u5b89\u5168\u4e14\u5177\u5907\u9ad8\u5ea6\u6d41\u52a8\u6027\u7684\u9879\u76ee\uff0c\u5e76\u4e14\u4ed6\u4eec\u5e94\u5f53\u6301\u6709\u4e00\u5b9a\u7684\u81ea\u6709\u8d44\u672c\u3002\u8fd9\u6837\u4e00\u6765\uff0c\u5373\u4f7f\u6295\u8d44\u9879\u76ee\u51fa\u73b0\u4e8f\u635f\uff0c\u53d1\u884c\u65b9\u4ecd\u6709\u8db3\u591f\u7684\u8d44\u91d1\u6765\u507f\u4ed8\u5b58\u6b3e\u4eba\u3002\u300d\u5f53\u7136\uff0c\u5728\u8fd9\u4e2a\u57fa\u7840\u4e0a\uff0c\u8fd8\u9700\u8981\u8fdb\u4e00\u6b65\u7ec6\u5316\u5177\u4f53\u7684\u5b9e\u65bd\u7ec6\u8282\u3002<\/p>\n
Gordon Liao\u3001Dan Fishman \u548c Jeremy Fox-Geen \u5171\u540c\u64b0\u5199\u4e86\u4e00\u7bc7\u9898\u4e3a\u300c\u7a33\u5b9a\u4ef7\u503c\u4ee3\u5e01\u7684\u98ce\u9669\u57fa\u7840\u8d44\u672c\u300d\u7684\u8bba\u6587\uff0c\u4ed6\u4eec\u5747\u6765\u81ea\u7a33\u5b9a\u5e01\u53d1\u884c\u673a\u6784 Circle Internet Financial\u3002\u5c3d\u7ba1 Circle \u5728\u6e38\u8bf4\u4e89\u53d6\u66f4\u5bbd\u677e\u7684\u7a33\u5b9a\u5e01\u76d1\u7ba1\u653f\u7b56\u65b9\u9762\u6709\u7740\u81ea\u8eab\u5229\u76ca\uff0c\u4f46\u8fd9\u7bc7\u8bba\u6587\u5c31\u7a33\u5b9a\u5e01\u4e0e\u94f6\u884c\u4e1a\u4e4b\u95f4\u7684\u5173\u7cfb\u4ecd\u63d0\u51fa\u4e86\u4e00\u4e9b\u6df1\u523b\u7684\u89c1\u89e3\u3002\u5176\u4e2d\u4e00\u70b9\u4fbf\u662f\uff0c\u7a33\u5b9a\u5e01\u5728\u8bb8\u591a\u65b9\u9762\u76f8\u8f83\u4e8e\u94f6\u884c\u66f4\u4e3a\u900f\u660e\uff0c\u8fd9\u65e0\u7591\u662f\u4e00\u4e2a\u79ef\u6781\u56e0\u7d20\uff0c\u5c24\u5176\u5bf9\u4e8e\u90a3\u4e9b\u5bf9\u4f20\u7edf\u91d1\u878d\u4e0d\u900f\u660e\u6027\u6301\u6000\u7591\u6001\u5ea6\u7684\u52a0\u5bc6\u8d27\u5e01\u7231\u597d\u8005\u800c\u8a00\u3002\u7136\u800c\uff0c\u8fd9\u79cd\u4e0d\u900f\u660e\u6027\u7684\u5b58\u5728\u5e76\u975e\u65e0\u56e0\u4e4b\u679c\u3002<\/p>\n
Liao\u3001Fishman \u548c Fox-Geen \u6307\u51fa\uff0c\u5728\u5176\u4ed6\u6761\u4ef6\u76f8\u540c\u7684\u60c5\u51b5\u4e0b\uff0c\u4ee3\u5e01\u5316\u589e\u52a0\u4e86\u7a33\u5b9a\u4ef7\u503c\u503a\u6743\u9762\u4e34\u534f\u8c03\u6027\u6324\u5151\u98ce\u9669\u7684\u53ef\u80fd\u6027\u3002\u539f\u56e0\u5728\u4e8e\uff0c\u4ee3\u5e01\u5316\u4f7f\u5f97\u5e95\u5c42\u4ef7\u503c\u53ef\u4ee5\u5728\u4ee3\u5e01\u53d1\u884c\u65b9\u7684\u5b8c\u5168\u63a7\u5236\u4e4b\u5916\u8fdb\u884c\u8f6c\u79fb\u548c\u4ea4\u6613\u3002\u8fd9\u79cd\u4ea4\u6613\u4ea7\u751f\u4e86\u4e8c\u7ea7\u5e02\u573a\u4ef7\u683c\uff0c\u4e3a\u5e02\u573a\u63d0\u4f9b\u4e86\u4e00\u4e2a\u53ef\u89c2\u5bdf\u7684\u4fe1\u53f7\u3002\u5e02\u573a\u4ef7\u683c\u7684\u5b9e\u65f6\u53ef\u89c1\u6027\u53ef\u80fd\u52a0\u5267\u6295\u8d44\u8005\u7684\u53cd\u5e94\uff0c\u4f7f\u53d1\u884c\u65b9\u66f4\u5bb9\u6613\u9762\u4e34\u6324\u5151\u98ce\u9669\u3002\u5982\u679c\u8d26\u672c\u662f\u516c\u5f00\u7684\uff0c\u8f6c\u8d26\u884c\u4e3a\u4e5f\u5c06\u53d8\u5f97\u53ef\u89c2\u5bdf\u3002\u901a\u8fc7\u53ef\u89c2\u5bdf\u7684\u516c\u5171\u4fe1\u53f7\u63ed\u793a\u7684\u4fe1\u606f\uff0c\u53ef\u80fd\u5bfc\u81f4\u91d1\u878d\u5e02\u573a\u51fa\u73b0\u300c\u8fc7\u5ea6\u53cd\u5e94\u300d\uff0c\u5e76\u5728\u5168\u7403\u535a\u5f08\u4e2d\u4fc3\u4f7f\u5e02\u573a\u53c2\u4e0e\u8005\u534f\u8c03\u6324\u5151\u884c\u4e3a\uff08Morris & Shin, 2001\uff09\u3002\u6362\u8a00\u4e4b\uff0c\u5982\u679c\u4ee3\u5e01\u6301\u6709\u8005\u89c2\u5bdf\u5230\u4e8c\u7ea7\u5e02\u573a\u4ef7\u683c\u5927\u5e45\u4e0b\u8dcc\u6216\u5927\u91cf\u8d4e\u56de\u7684\u60c5\u51b5\uff0c\u4ed6\u4eec\u53ef\u80fd\u4f1a\u51fa\u4e8e\u6050\u614c\uff0c\u800c\u4e0d\u987e\u8d44\u4ea7\u652f\u6301\u7684\u57fa\u672c\u9762\uff0c\u9009\u62e9\u51fa\u552e\u6216\u8d4e\u56de\u4ee3\u5e01\u3002<\/p>\n
\u5728\u4f20\u7edf\u94f6\u884c\u4e1a\uff0c\u94f6\u884c\u6324\u5151\u7684\u4e3b\u8981\u539f\u56e0\u5f80\u5f80\u662f\u4f60\u8ba4\u4e3a\u5176\u4ed6\u4eba\u4e5f\u4f1a\u6324\u5151\u94f6\u884c\u3002\u8fd9\u79cd\u5224\u65ad\u4f9d\u636e\u4ece\u4f55\u800c\u6765\uff1f\u54e6\uff0c\u6765\u6e90\u6709\u5f88\u591a\uff1a\u8c23\u8a00\u3001\u7cdf\u7cd5\u7684\u76c8\u5229\u516c\u544a\u3001\u614c\u4e71\u7684\u7535\u89c6\u9732\u9762\u7b49\u3002\u94f6\u884c\u7684\u80a1\u7968\u4ef7\u683c\u4e0b\u8dcc\uff0c\u53ef\u80fd\u5c31\u88ab\u89c6\u4e3a\u5b58\u6b3e\u51fa\u73b0\u95ee\u9898\u7684\u4fe1\u53f7\u3002\u4f46\u8fd9\u6bd5\u7adf\u662f\u4e00\u95e8\u4e0d\u7cbe\u786e\u7684\u79d1\u5b66\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u7a33\u5b9a\u5e01\u5728\u516c\u5f00\u5e02\u573a\u4ea4\u6613\uff0c\u5176\u4ef7\u683c\u76f4\u63a5\u53cd\u6620\u4e86\u4eba\u4eec\u5bf9\u5b83\u7684\u4fe1\u5fc3\u7a0b\u5ea6\u3002\u4f8b\u5982\uff0c\u5982\u679c\u4e00\u4e2a\u7a33\u5b9a\u5e01\u7684\u4ea4\u6613\u4ef7\u683c\u662f 1.0002 \u7f8e\u5143\uff0c\u90a3\u53ef\u80fd\u610f\u5473\u7740\u5f53\u524d\u6ca1\u6709\u53d1\u751f\u6324\u5151\uff1b\u4f46\u5982\u679c\u4ea4\u6613\u4ef7\u683c\u662f 0.85 \u7f8e\u5143\uff0c\u90a3\u53ef\u80fd\u5c31\u8868\u660e\u6b63\u5728\u53d1\u751f\u6324\u5151\u3002<\/p>\n
\u9488\u5bf9\u8fd9\u4e00\u95ee\u9898\uff0c\u4e3b\u8981\u7684\u89e3\u51b3\u65b9\u6848\u662f\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\u5e94\u4fdd\u6301\u5927\u90e8\u5206\u8d44\u91d1\u7684\u9ad8\u5ea6\u6d41\u52a8\u6027\u3002<\/p>\n
\u7531\u4e8e\u6324\u5151\u98ce\u9669\u589e\u52a0\uff0c\u7ba1\u7406\u91d1\u878d\u98ce\u9669\u7684\u65b9\u6cd5\u4e5f\u9700\u8981\u4e0e\u4f20\u7edf\u94f6\u884c\u6709\u6240\u4e0d\u540c\u3002\u4f8b\u5982\uff0c\u4ee5\u6cd5\u5b9a\u8d27\u5e01\u652f\u6301\u7684\u7a33\u5b9a\u5e01\uff0c\u901a\u5e38\u4f1a\u6301\u6709\u9ad8\u5ea6\u6d41\u52a8\u7684\u8d44\u4ea7\uff0c\u4e0e\u94f6\u884c\u76f8\u6bd4\uff0c\u5176\u671f\u9650\u9519\u914d\u6700\u5c0f\uff0c\u4fe1\u7528\u98ce\u9669\u4e5f\u76f8\u5bf9\u8f83\u4f4e\u3002\u56e0\u6b64\uff0c\u8003\u8651\u5230\u4e3a\u4ee3\u5e01\u6301\u6709\u8005\u5229\u76ca\u800c\u9694\u79bb\u7684\u8d44\u4ea7\u6c60\u7684\u97e7\u6027\uff0c\u7a33\u5b9a\u5e01\u7684\u8d44\u672c\u7f13\u51b2\u7528\u4e8e\u5438\u6536\u91d1\u878d\u635f\u5931\u7684\u80fd\u529b\u5b9e\u9645\u4e0a\u6bd4\u94f6\u884c\u8981\u5c11\u3002\u5373\u4f7f\u5e95\u5c42\u8d44\u4ea7\u76f8\u540c\uff0c\u5c06\u4f20\u7edf\u5b58\u6b3e\u4ee3\u5e01\u5316\u53ef\u80fd\u4f1a\u589e\u52a0\u91d1\u878d\u673a\u6784\u9762\u4e34\u7684\u6324\u5151\u98ce\u9669\u3002\u8fd9\u662f\u56e0\u4e3a\u4ee3\u5e01\u5316\u4f7f\u5f97\u5b58\u6b3e\u66f4\u5bb9\u6613\u88ab\u5feb\u901f\u5927\u89c4\u6a21\u63d0\u53d6\uff0c\u800c\u4e14\u4ee3\u5e01\u6301\u6709\u8005\u53ef\u80fd\u5bf9\u5e02\u573a\u4fe1\u53f7\u66f4\u654f\u611f\u3002\u56e0\u6b64\uff0c\u63d0\u4f9b\u4ee3\u5e01\u5316\u5b58\u6b3e\u7684\u673a\u6784\u53ef\u80fd\u9700\u8981\u6301\u6709\u66f4\u591a\u7684\u8d44\u672c\u6765\u5e94\u5bf9\u8fd9\u79cd\u589e\u52a0\u7684\u98ce\u9669\uff0c\u5373\u4f7f\u5b83\u4eec\u7684\u8d44\u4ea7\u57fa\u7840\u4e0e\u4f20\u7edf\u94f6\u884c\u76f8\u540c\u3002\u4ece\u672c\u8d28\u4e0a\u8bb2\uff0c\u4ee3\u5e01\u5316\u5b58\u6b3e\u5f15\u5165\u4e86\u7c7b\u4f3c\u4e8e\u94f6\u884c\u8d44\u4ea7\u8d1f\u503a\u8868\u4e2d\u56fa\u6709\u7684\u8d44\u4ea7 – \u8d1f\u503a\u4e0d\u5339\u914d\u95ee\u9898\uff0c\u56e0\u6b64\u5b83\u4eec\u53ef\u80fd\u8fd8\u9700\u8981\u5e94\u7528\u7c7b\u4f3c\u7684\u8d44\u672c\u548c\u507f\u4ed8\u80fd\u529b\u5236\u5ea6\u3002<\/p>\n
\u63a5\u4e0b\u6765\uff0c\u6211\u4eec\u8c08\u8c08\u7a33\u5b9a\u5e01\u7684\u300c\u533a\u5757\u94fe\u300d\u65b9\u9762\uff1a<\/p>\n
\u9664\u4e86\u91d1\u878d\u98ce\u9669\u5916\uff0c\u4ee3\u5e01\u5316\u548c\u5206\u5e03\u5f0f\u8d26\u672c\u7684\u4f7f\u7528\u8fd8\u5e26\u6765\u4e86\u4e0e\u6280\u672f\u3001\u57fa\u7840\u8bbe\u65bd\u548c\u8fd0\u8425\u76f8\u5173\u7684\u989d\u5916\u98ce\u9669\u8003\u91cf\u3002\u8fd9\u4e9b\u975e\u91d1\u878d\u98ce\u9669\u5df2\u5728\u76d1\u7ba1\u516c\u4f17\u54a8\u8be2\u548c\u63d0\u6848\u4e2d\u88ab\u7740\u91cd\u5f3a\u8c03\u3002\u5c3d\u7ba1\u5148\u8fdb\u7684\u52a0\u5bc6\u6280\u672f\u3001\u6c38\u4e45\u6027\u7684\u8bb0\u5f55\u4fdd\u5b58\u4ee5\u53ca\u53ef\u8ffd\u6eaf\u7684\u4ea4\u6613\u80fd\u591f\u964d\u4f4e\u67d0\u4e9b\u5b89\u5168\u548c\u5408\u89c4\u65b9\u9762\u7684\u98ce\u9669\uff0c\u4f46\u5728\u4f20\u7edf\u94f6\u884c\u672f\u8bed\u4e2d\u88ab\u5e7f\u6cdb\u79f0\u4e3a\u300c\u64cd\u4f5c\u98ce\u9669\u300d\u7684\u8fd9\u4e9b\u98ce\u9669\uff0c\u5728\u8bc4\u4f30\u6240\u9700\u8d44\u672c\u65f6\u5374\u9762\u4e34\u6311\u6218\u3002\u8fd9\u4e3b\u8981\u662f\u56e0\u4e3a\u7f3a\u4e4f\u8db3\u591f\u7684\u5386\u53f2\u64cd\u4f5c\u635f\u5931\u6570\u636e\uff0c\u5e76\u4e14\u6574\u4e2a\u8bc4\u4f30\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u4f9d\u8d56\u4e8e\u7279\u5b9a\u7684\u6280\u672f\u9009\u62e9\u3002\u5728\u4e00\u4e2a\u57fa\u7840\u8bbe\u65bd\u5feb\u901f\u53d1\u5c55\u548c\u6301\u7eed\u5347\u7ea7\u7684\u73af\u5883\u4e2d\uff0c\u53d1\u884c\u65b9\u6240\u9009\u62e9\u7684\u6280\u672f\u53ef\u80fd\u4f1a\u5bf9\u9700\u8981\u51c6\u5907\u7684\u635f\u5931\u5438\u6536\u8d44\u672c\u4ea7\u751f\u663e\u8457\u5f71\u54cd\u3002<\/p>\n
\u6362\u53e5\u8bdd\u8bf4\uff0c\u6211\u4eec\u53ef\u4ee5\u5408\u7406\u5730\u8bbe\u60f3\uff0c\u7a33\u5b9a\u5e01\u53d1\u884c\u65b9\u76f8\u8f83\u4e8e\u4f20\u7edf\u94f6\u884c\u66f4\u4e0d\u592a\u53ef\u80fd\u4e22\u5931\u7528\u6237\u7684\u8d44\u91d1\uff0c\u56e0\u4e3a\u5b83\u4eec\u7684\u4e1a\u52a1\u57fa\u4e8e\u533a\u5757\u94fe\u6280\u672f\uff0c\u62e5\u6709\u4f20\u7edf\u94f6\u884c\u6240\u4e0d\u5177\u5907\u7684\u900f\u660e\u5ea6\u3001\u53ef\u8ffd\u8e2a\u6027\u548c\u6570\u5b57\u539f\u751f\u6027\u3002\u7136\u800c\uff0c\u540c\u6837\u57fa\u4e8e\u8fd9\u4e9b\u539f\u56e0\uff0c\u6211\u4eec\u4e5f\u53ef\u4ee5\u5408\u7406\u5730\u8bbe\u60f3\uff0c\u5b83\u4eec\u66f4\u6709\u53ef\u80fd\u4e22\u5931\u8fd9\u4e9b\u8d44\u91d1\u3002<\/p>\n
\u53bb\u5e74\uff0c\u7f8e\u56fd\u7ecf\u5386\u4e86\u4e00\u573a\u5c0f\u89c4\u6a21\u7684\u94f6\u884c\u4e1a\u5371\u673a\uff0c\u8fd9\u8ba9\u6211\u82b1\u4e86\u4e00\u4e9b\u65f6\u95f4\u6765\u6df1\u5165\u601d\u8003\u94f6\u884c\u4e1a\u3002\u6211\u66fe\u8fd9\u6837\u5199\u9053\uff1a<\/p>\n
\u94f6\u884c\u4e1a\uff0c\u5b9e\u9645\u4e0a\u662f\u4e00\u79cd\u8ba9\u4eba\u4eec\u5728\u4e0d\u81ea\u89c9\u4e2d\u8fdb\u884c\u957f\u671f\u3001\u98ce\u9669\u6295\u6ce8\u7684\u65b9\u5f0f\uff0c\u5b83\u6c47\u96c6\u98ce\u9669\uff0c\u4f7f\u6bcf\u4e2a\u4eba\u90fd\u611f\u5230\u66f4\u5b89\u5168\u3001\u66f4\u53d7\u76ca\u3002\u4f60\u6211\u4e4b\u6240\u4ee5\u613f\u610f\u628a\u94b1\u5b58\u5165\u94f6\u884c\uff0c\u662f\u56e0\u4e3a\u6211\u4eec\u89c9\u5f97\u300c\u94f6\u884c\u91cc\u7684\u94b1\u300d\u975e\u5e38\u5b89\u5168\uff0c\u660e\u5929\u5c31\u53ef\u4ee5\u7528\u5b83\u6765\u652f\u4ed8\u623f\u79df\u6216\u4e70\u4e09\u660e\u6cbb\u3002\u968f\u540e\uff0c\u94f6\u884c\u4f1a\u5229\u7528\u8fd9\u4e9b\u5b58\u6b3e\u53bb\u53d1\u653e 30 \u5e74\u56fa\u5b9a\u5229\u7387\u7684\u62b5\u62bc\u8d37\u6b3e\u3002\u623f\u4e3b\u4eec\u6c38\u8fdc\u4e0d\u53ef\u80fd\u76f4\u63a5\u4ece\u6211\u8fd9\u91cc\u501f\u5230 30 \u5e74\u7684\u94b1\uff0c\u56e0\u4e3a\u6211\u660e\u5929\u53ef\u80fd\u9700\u8981\u94b1\u4e70\u4e09\u660e\u6cbb\uff0c\u4f46\u4ed6\u4eec\u53ef\u4ee5\u4ece\u6211\u4eec\u6240\u6709\u4eba\u8fd9\u91cc\u96c6\u4f53\u501f\u94b1\uff0c\u56e0\u4e3a\u94f6\u884c\u5df2\u7ecf\u5728\u4f17\u591a\u5b58\u6b3e\u4eba\u4e2d\u5206\u6563\u4e86\u8fd9\u79cd\u6d41\u52a8\u6027\u98ce\u9669\u3002\u540c\u6837\uff0c\u94f6\u884c\u4e5f\u4f1a\u5411\u53ef\u80fd\u7834\u4ea7\u7684\u5c0f\u4f01\u4e1a\u53d1\u653e\u8d37\u6b3e\u3002\u8fd9\u4e9b\u4f01\u4e1a\u6c38\u8fdc\u4e0d\u53ef\u80fd\u76f4\u63a5\u4ece\u6211\u8fd9\u91cc\u501f\u5230\u94b1\uff0c\u56e0\u4e3a\u6211\u9700\u8981\u8fd9\u7b14\u94b1\uff0c\u4e0d\u60f3\u5192\u5931\u53bb\u5b83\u7684\u98ce\u9669\uff0c\u4f46\u5b83\u4eec\u53ef\u4ee5\u4ece\u6211\u4eec\u6240\u6709\u4eba\u8fd9\u91cc\u96c6\u4f53\u501f\u94b1\uff0c\u56e0\u4e3a\u94f6\u884c\u5df2\u7ecf\u5728\u4f17\u591a\u5b58\u6b3e\u4eba\u548c\u501f\u6b3e\u4eba\u4e2d\u5206\u6563\u4e86\u8fd9\u79cd\u4fe1\u7528\u98ce\u9669\u3002<\/p>\n
\u7136\u800c\uff0c\u4f20\u7edf\u94f6\u884c\u4e1a\u7684\u4e0d\u900f\u660e\u6027\u4f7f\u5176\u80fd\u591f\u66f4\u591a\u5730\u5229\u7528\u5ba2\u6237\u7684\u94b1\u53bb\u5192\u9669\u3002\u53bb\u5e74\u5730\u533a\u94f6\u884c\u5371\u673a\u7684\u90e8\u5206\u539f\u56e0\uff0c\u53ef\u80fd\u5c31\u662f\u8fd9\u79cd\u4e0d\u900f\u660e\u6027\u4e0d\u518d\u50cf\u4ee5\u524d\u90a3\u6837\u6709\u6548\u3002\u5982\u4eca\uff0c\u66f4\u591a\u7684\u4fe1\u606f\u53ef\u4ee5\u5728\u7f51\u4e0a\u83b7\u5f97\uff0c\u8c23\u8a00\u548c\u6050\u614c\u53ef\u4ee5\u901a\u8fc7\u7535\u5b50\u65b9\u5f0f\u5728\u5168\u7403\u8fc5\u901f\u4f20\u64ad\uff0c\u4eba\u4eec\u5bf9\u5e02\u503c\u8ba1\u4ef7\u4e5f\u6709\u4e86\u66f4\u591a\u7684\u671f\u671b\u3002\u6b63\u5982\u4e00\u4f4d\u8054\u90a6\u5b58\u6b3e\u4fdd\u9669\u516c\u53f8\u7684\u76d1\u7ba1\u8005\u53bb\u5e74\u6240\u8bf4\uff1a\u300c\u6e38\u620f\u89c4\u5219\u6ca1\u6709\u53d8\uff0c\u53ea\u662f\u7ade\u4e89\u53d8\u5f97\u66f4\u6fc0\u70c8\u4e86\u3002\u300d<\/p>\n
\u4f20\u7edf\u94f6\u884c\u4e1a\u7684\u9b54\u529b\u5728\u4e8e\uff0c\u94f6\u884c\u80fd\u591f\u8fdb\u884c\u4e00\u7cfb\u5217\u7684\u98ce\u9669\u6295\u8d44\uff0c\u5c06\u8fd9\u4e9b\u6295\u8d44\u6c47\u96c6\u5728\u4e00\u8d77\uff0c\u7136\u540e\u5bf9\u8fd9\u4e9b\u6295\u8d44\u7ec4\u5408\u53d1\u884c\u4f18\u5148\u503a\u6743\uff0c\u800c\u8fd9\u4e9b\u503a\u6743\u5c31\u662f\u6211\u4eec\u901a\u5e38\u6240\u8bf4\u7684\u300c\u7f8e\u5143\u300d\uff1a\u94f6\u884c\u8d26\u6237\u91cc\u7684 1 \u7f8e\u5143\uff0c\u5c31\u662f\u5b9e\u5b9e\u5728\u5728\u7684 1 \u7f8e\u5143\uff0c\u5373\u4f7f\u5b83\u80cc\u540e\u53ef\u80fd\u662f\u4e00\u5806\u98ce\u9669\u8d44\u4ea7\u4f5c\u4e3a\u652f\u6491\u3002\u7136\u800c\uff0c\u7a33\u5b9a\u5e01\u5374\u653e\u5f03\u4e86\u8fd9\u79cd\u9b54\u529b\uff1a\u867d\u7136\u7f8e\u5143\u7a33\u5b9a\u5e01\u5bf9\u4e8e\u5927\u591a\u6570\u52a0\u5bc6\u8d27\u5e01\u7684\u7528\u9014\u6765\u8bf4\uff0c\u5176\u4ef7\u503c\u5df2\u7ecf\u8db3\u591f\u63a5\u8fd1 1 \u7f8e\u5143\uff0c\u4f46\u5b83\u62e5\u6709\u81ea\u5df1\u7684\u4ea4\u6613\u4ef7\u683c\u3002\u5728\u5e02\u573a\u60c5\u51b5\u826f\u597d\u65f6\uff0c\u5b83\u7684\u4ef7\u683c\u53ef\u80fd\u662f 1.0002 \u7f8e\u5143\u6216 0.9998 \u7f8e\u5143\uff0c\u4f46\u5728\u5e02\u573a\u60c5\u51b5\u4e0d\u4f73\u65f6\uff0c\u4f60\u4e5f\u77e5\u9053\uff0c\u5b83\u7684\u4ef7\u683c\u53ef\u80fd\u4f1a\u8dcc\u81f3 0.85 \u7f8e\u5143\u3002\u8fd9\u5b9e\u9645\u4e0a\u662f\u4e00\u79cd\u6ca1\u6709\u300c\u94f6\u884c\u91cc\u7684 1 \u7f8e\u5143\u5c31\u7b49\u4e8e 1 \u7f8e\u5143\u300d\u8fd9\u79cd\u4fdd\u8bc1\u7684\u94f6\u884c\u4e1a\u52a1\uff0c\u800c\u4e14\u5e02\u573a\u4e0a 24\/7 \u7684\u5b9e\u65f6\u4ef7\u683c\u90fd\u5728\u544a\u8bc9\u4f60\uff0c\u5b83\u79bb 1 \u7f8e\u5143\u5230\u5e95\u6709\u591a\u8fd1\u3002\u8fd9\u65e0\u7591\u521b\u9020\u4e86\u65b0\u7684\u76d1\u7ba1\u95ee\u9898\uff0c\u540c\u65f6\u4e5f\u53ef\u80fd\u9884\u793a\u7740\u672a\u6765\u5e38\u89c4\u94f6\u884c\u4e1a\u7684\u4e00\u4e9b\u65b0\u60c5\u51b5\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"
\u6211\u7ecf\u5e38\u63d0\u5230\u7684\u4e00\u70b9\u662f\uff0c\u52a0\u5bc6\u8d27\u5e01\u6b63\u5728\u8fc5\u901f\u5438\u53d6\u4f20\u7edf\u91d1\u878d\u7684\u7ecf\u9a8c\u6559\u8bad\uff0c\u8fd9\u4e2a\u8fc7\u7a0b\u76f8\u5f53\u6709\u8da3\u3002\u9996\u5148\uff0c\u5b83\u6709\u65f6\u4f1a\u7ecf\u5386\u4e00\u4e9b\u6ed1\u7a3d\u751a\u81f3\u707e […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-905","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=905"}],"version-history":[{"count":1,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/905\/revisions"}],"predecessor-version":[{"id":2558,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/905\/revisions\/2558"}],"wp:attachment":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=905"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}