{"id":5290,"date":"2022-04-04T19:18:56","date_gmt":"2022-04-04T11:18:56","guid":{"rendered":"https:\/\/www.coinon.pro\/archives\/5290"},"modified":"2022-04-04T19:18:56","modified_gmt":"2022-04-04T11:18:56","slug":"%eb%b9%84%ed%8a%b8%eb%a9%95%ec%8a%a4-%ec%b0%bd%eb%a6%bd%ec%9e%90-%ec%98%ac-%ec%97%b0%eb%a7%90-%ec%9d%b4%eb%8d%94%eb%a6%ac%ec%9b%80-1%eb%a7%8c-%eb%8b%ac%eb%9f%ac-%eb%8f%84%eb%8b%ac%ed%95%a0-%ea%b2%83","status":"publish","type":"post","link":"https:\/\/www.coinon.pro\/?p=5290","title":{"rendered":"\ube44\ud2b8\uba55\uc2a4 \ucc3d\ub9bd\uc790 “\uc62c \uc5f0\ub9d0 \uc774\ub354\ub9ac\uc6c0 1\ub9cc \ub2ec\ub7ec \ub3c4\ub2ec\ud560 \uac83”"},"content":{"rendered":"
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\uc544\uc11c \ud5e4\uc774\uc988(Arthur Hayes)<\/div>\n
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\"\ube44\ud2b8\uba55\uc2a4
<\/figcaption><\/figure>\n<\/p><\/div>\n

[\ube14\ub85d\uccb4\uc778\ud22c\ub370\uc774 \ud55c\uc9c0\ud61c \uae30\uc790] \ube44\ud2b8\uba55\uc2a4(BitMEX) \uacf5\ub3d9 \ucc3d\ub9bd\uc790\uac00 \uc62c\ud574 \uc774\ub354\ub9ac\uc6c0\uc774 \ube44\ud2b8\ucf54\uc778\ubcf4\ub2e4 \ub354 \ub098\uc740 \uc131\uacfc\ub97c \ub0b4\ub294 \uc790\uc0b0\uc774 \ub420 \uac83\uc774\ub77c\uace0 \uc8fc\uc7a5\ud588\ub2e4. <\/p>\n

3\uc77c(\ubbf8\uad6d \uc2dc\uac01) \ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0\ub294 \uc804 \ube44\ud2b8\uba55\uc2a4 \ucd5c\uace0\uacbd\uc601\uc790\uc774\uc790 \uacf5\ub3d9 \ucc3d\ub9bd\uc790\uc778 \uc544\uc11c \ud5e4\uc774\uc988(Arthur Hayes)\uac00 \uc774\ub354\ub9ac\uc6c0\uc758 \uc5f0\ub9d0 \uac00\uaca9 \ubaa9\ud45c\ub97c 1\ub9cc \ub2ec\ub7ec\ub85c \uc124\uc815\ud588\uc73c\uba70 \uc774 \uc8fc\uc7a5\uc740 \uc62c 7\uc6d4 \uc9c0\ubd84\uc99d\uba85\uc73c\ub85c \ub124\ud2b8\uc6cc\ud06c \uc804\ud658\uc774 \uc774\ub904\uc9c0\uba74 \uc0c1\ud488\uc5f0\uacc4 \ucc44\uad8c(commodity–linked bond)\uc73c\ub85c \uae30\ub2a5\ud560 \uac83\uc774\ub77c\ub294 \uae30\ub300\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4\uace0 \uc804\ud588\ub2e4. <\/p>\n

\ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74 \uc544\uc11c \ud5e4\uc774\uc988\ub294 "\ube44\ud2b8\ucf54\uc778\uc740 \ubcf8\uc9c8\uc801\uc73c\ub85c \uc544\ubb34 \uac83\ub3c4 \ud30c\uc0dd\uc2dc\ud0ac \uc218 \uc5c6\ub294 \uc21c\uc218\ud55c \ub3c8(pure money)"\uc774\ub77c\uace0 \uc8fc\uc7a5\ud588\ub2e4. \ub610\ud55c "\uc774\ub354\ub9ac\uc6c0\uc740 \ub300\ubd80\ubd84 ‘\uacfc\ub300\ud3c9\uac00’ \ub41c \ub2e4\ub978 L1 \ud504\ub85c\ud1a0\ucf5c\ubcf4\ub2e4 \ub354 \ub098\uc740 \ud22c\uc790\uac00 \ub420 \uac83"\uc774\ub77c\uace0 \uac15\uc870\ud588\ub2e4. <\/p>\n

\uc544\uc11c \ud5e4\uc774\uc988 \uc804 \ucd5c\uace0\uacbd\uc601\uc790\ub294 \uc790\uc2e0\uc758 \ucd5c\uc2e0 \ube14\ub85c\uadf8\uc5d0\uc11c \uc774\uc640 \uac19\uc774 \uc8fc\uc7a5\ud558\uba74\uc11c "\uc62c \uc5ec\ub984 \uc608\uc815\ub41c \uc9c0\ubd84\uc99d\uba85 \uc804\ud658\uc740 \uc774\ub354\ub9ac\uc6c0\uc744 \ub2e4\ub978 \uacbd\uc7c1\uc0ac\ubcf4\ub2e4 \uc55e\uc11c\uac8c \ub9cc\ub4dc\ub294 ‘\uac8c\uc784 \uccb4\uc778\uc800(game-changer)’\uac00 \ub420 \uac83"\uc774\ub77c\uba70 \uc774\ub354\ub9ac\uc6c0\uc5d0 \ub300\ud55c \uac15\ud55c \ubbff\uc74c\uc744 \ubcf4\uc774\uae30\ub3c4 \ud588\ub2e4. <\/p>\n

\ub610\ud55c \ube44\ud2b8\ucf54\uc778 50%\uc640 \uc774\ub354\ub9ac\uc6c0 50%\ub85c \uacc4\ud68d\ud588\ub358 \uc62c\ucd08 \ubaa9\ud45c\ub7c9\uc744 \uc218\uc815, \ube44\ud2b8\ucf54\uc778 25%\uc640 \uc774\ub354\ub9ac\uc6c0 75% \uad6c\uc785\uc73c\ub85c \uc870\uc815\ud588\ub2e4\uace0 \ubc1d\ud614\ub2e4. \uc870\uc815\uc758 \ubc30\uacbd\uc73c\ub85c\ub294 "\ube44\ud2b8\ucf54\uc778\uc740 \ud654\ud3d0\uc774\uba70 \uc774\ub354\ub9ac\uc6c0\uc740 \uc0c1\ud488\uc5f0\uacc4 \ucc44\uad8c\uc73c\ub85c \uc774\ud574\ud588\uae30 \ub54c\ubb38"\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4. <\/p>\n

\uc774\ub354\ub9ac\uc6c0 \uc2a4\ud14c\uc774\ud0b9 \uc218\uc775\ub960\uacfc \uad00\ub828\ud558\uc5ec \ud5e4\uc774\uc988\ub294 \uc2a4\ud14c\uc774\ucee4\uac00 \uc804\ud658 \ud6c4 APR\uc744 \uc57d 8-\uc774\ub354\ub9ac\uc6c0 \uc804\ubb38\uac00 \uc790\uc2a4\ud2f4 \ub4dc\ub808\uc774\ud06c(Justin Drake)\uc758 \ubd84\uc11d\uc744 \uc778\uc6a9\ud574 \uc9c0\ubd84\uc99d\uba85 \uc804\ud658 \ud6c4 \uc5f0\uac04 \uc774\uc790\uc728(APR)\uc774 8%\uc5d0\uc11c \ucd5c\uace011.5%\ub85c \uc608\uc0c1\ud588\ub2e4. <\/p>\n

APR 11.5%\uc758 \uacbd\uc6b0, \uc608\ub97c \ub4e4\uc5b4 5\ub144 \ub9cc\uae30 \uc774\ub354\ub9ac\uc6c0 \ud604\uc9c0\ud1b5\ud654 \ucc44\uad8c(local currency bond) \uad6c\uc785\uc2dc \ud22c\uc790\uc790\uac00 \uc190\ud574\ub97c \ubcf4\uae30 \uc704\ud574\uc11c\ub294 ETH\/USD\uc774 5\ub144 \ud6c4 29.35% \ud558\ub77d\ud574\uc57c \ud55c\ub2e4\uace0 \uc124\uba85\ud588\ub2e4. \uc774\uc5b4 \ud22c\uc790\uc790\uac00 ‘ETH \ucc44\uad8c’ \ub9e4\uc785\uc758 \uc704\ud5d8 \ud68c\ud53c\ub97c \uc704\ud574 1\ub144 ETH\/USD \uc120\ubb3c \uacc4\uc57d\uc744 \ud310\ub9e4\ud560 \uc218 \uc788\ub2e4\uace0 \uc81c\uc548\ud588\ub2e4. <\/p>\n

\ub610\ud55c \uadf8\ub294 "\ucd5c\uadfc \ud68c\uc0ac\ucc44\ub97c \ubc1c\ud589\ud574 \ube44\ud2b8\ucf54\uc778 \uad6c\ub9e4\uc5d0 \ub098\uc120 \ub9c8\uc774\ud074 \uc138\uc77c\ub7ec(Michael Saylor)\uc640 \uac19\uc740 \uae30\uad00 \ube44\ud2b8\ucf54\uc778 \ubcf4\uc720\uc790\ub4e4\uc740 \ube44\ud2b8\ucf54\uc778 \ub300\uc2e0 \uc774\ub354(Ether)\ub97c \uad6c\ub9e4\ud574\uc57c \ud55c\ub2e4"\uace0 \uc8fc\uc7a5\ud588\ub2e4. \uc774\ub354\ub9ac\uc6c0\uc740 \uba54\ud0c0\ubc84\uc2a4(Metaverse)\uc640 \ub514\ud30c\uc774(DeFi) \ud68c\uc0ac\ub85c \uc0c1\ud488\ud654\ub420 \uc218 \uc788\uae30 \ub54c\ubb38\uc5d0 \ud68c\uc0ac \uc8fc\uac00 \uc131\uc7a5\uc5d0 \ub354 \ub3c4\uc6c0\uc744 \uc904 \uc218 \uc788\ub2e4\ub294 \uac83\uc774\ub2e4. <\/p>\n

\uc774\uc5b4 "\ube44\ud2b8\ucf54\uc778\uc758 \uc791\uc5c5\uc99d\uba85 \ubc29\uc2dd\ubcf4\ub2e4 \uc9c0\ubd84\uc99d\uba85\uc774 \ud6e8\uc52c \uce5c\ud658\uacbd\uc801\uc774\uae30 \ub54c\ubb38\uc5d0 \uc0ac\ud68c\ucc45\uc784 \ud22c\uc790\ud380\ub4dc(ESG) \uc790\uae08 \uc720\uce58\uc5d0\ub3c4 \uc720\ub9ac\ud558\uba70 \uaddc\uc81c \uc6b0\ub824\ub3c4 \uc801\ub2e4"\uace0 \uc8fc\uc7a5\ud588\ub2e4.<\/p>\n

\ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0\uc5d0 \ub530\ub974\uba74 \uc544\uc11c \ud5e4\uc774\uc988 \ube44\ud2b8\uba55\uc2a4 \uc804 \ucd5c\uace0\uacbd\uc601\uc790\uc758 \uc774\ub354\ub9ac\uc6c0\uc5d0 \ub300\ud55c \ub099\uad00\uc801\uc778 \uacac\ud574\ub294 \ub2e4\ub978 L1 \ud504\ub85c\ud1a0\ucf5c\uacfc\uc758 \ube44\uad50\uc5d0\uc11c\ub3c4 \ub098\ud0c0\ub09c\ub2e4. <\/p>\n

\ud5e4\uc774\uc988\uc5d0 \ub530\ub974\uba74 \uc774\ub354\ub9ac\uc6c0\uc740 \ub2e4\ub978 L1\uc5d0 \ube44\ud574 \uac1c\ubc1c\uc790 \uc218\uac00 \uba87 \ubc30 \ub9ce\uc73c\uba70 \uac00\uaca9 \ub300\ube44 \uac1c\ubc1c\uc790 \ube44\uc728, \ucd1d \uc608\uce58\uc790\uc0b0\uc728, \uc8fc\uc18c\uc728 \ub4f1\uc744 \uac10\uc548\ud588\uc744 \ub54c \uac00\uc7a5 \uc800\ub834\ud558\uc5ec \ub6f0\uc5b4\ub09c \ud22c\uc790\uac00 \ub420 \uc218 \uc788\ub2e4\ub294 \uac83\uc774\ub2e4. <\/p>\n

\uadf8\ub294 "2022\ub144 \uc774\ub354\ub9ac\uc6c0\uc774 \uadf8\ubcf4\ub2e4 \ube60\ub974\uace0 \uc800\ub834\ud558\ub2e4\uace0 \ud64d\ubcf4\ud558\ub294 \ubaa8\ub4e0 L1 \uccb4\uc778\uc744 \ud6e8\uc52c \ub2a5\uac00\ud574 \ubaa9\ud45c \uac00\uaca9\uc744 1\ub9cc \ub2ec\ub7ec\ub85c \uc124\uc815\ud560 \uc218 \uc788\ub2e4"\uace0 \uc124\uba85\ud588\ub2e4. <\/p>\n

\n","protected":false},"excerpt":{"rendered":"

\uc544\uc11c \ud5e4\uc774\uc988(Arthur Hayes) [\ube14\ub85d\uccb4\uc778\ud22c\ub370\uc774 \ud55c\uc9c0\ud61c \uae30\uc790] \ube44\ud2b8\uba55\uc2a4(BitMEX) \uacf5\ub3d9 \ucc3d\ub9bd\uc790\uac00 \uc62c\ud574 \uc774\ub354\ub9ac\uc6c0\uc774 \ube44\ud2b8\ucf54\uc778\ubcf4\ub2e4 \ub354 \ub098\uc740 \uc131\uacfc\ub97c \ub0b4\ub294 \uc790\uc0b0\uc774 \ub420 \uac83\uc774\ub77c\uace0 \uc8fc\uc7a5\ud588\ub2e4.  3\uc77c(\ubbf8\uad6d \uc2dc\uac01) \ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0\ub294 \uc804 \ube44\ud2b8\uba55\uc2a4 \ucd5c\uace0\uacbd\uc601\uc790\uc774\uc790 \uacf5\ub3d9 \ucc3d\ub9bd\uc790\uc778 \uc544\uc11c \ud5e4\uc774\uc988(Arthur Hayes)\uac00 \uc774\ub354\ub9ac\uc6c0\uc758 \uc5f0\ub9d0 \uac00\uaca9 \ubaa9\ud45c\ub97c 1\ub9cc \ub2ec\ub7ec\ub85c \uc124\uc815\ud588\uc73c\uba70 \uc774 \uc8fc\uc7a5\uc740 \uc62c 7\uc6d4 \uc9c0\ubd84\uc99d\uba85\uc73c\ub85c \ub124\ud2b8\uc6cc\ud06c \uc804\ud658\uc774 \uc774\ub904\uc9c0\uba74 \uc0c1\ud488\uc5f0\uacc4 \ucc44\uad8c(commodity–linked bond)\uc73c\ub85c \uae30\ub2a5\ud560 \uac83\uc774\ub77c\ub294 \uae30\ub300\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4\uace0 \uc804\ud588\ub2e4.  \ubcf4\ub3c4\uc5d0 […]<\/p>\n","protected":false},"author":1,"featured_media":5291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1661,2376,789,2645],"class_list":["post-5290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1661","tag-2376","tag-789","tag-2645"],"_links":{"self":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts\/5290"}],"collection":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5290"}],"version-history":[{"count":0,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts\/5290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/media\/5291"}],"wp:attachment":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}