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While the gaming industry booms
,
the music industry
struggles with
multiple overlapping crises: streaming platforms pay artists disastrously low royalties, venues scrap to make rent in rapidly gentrifying cities from London to Los Angeles, and Covid bars artists from making any money whatsoever from live performances.
在游戏行业蓬勃发展的同时，音乐行业却面临着重重危机：流媒体平台向艺术家支付的版权费少得可怜，高速中产阶级化的伦敦、洛杉矶等城市，为了支付（工作室）租金，（演出）场馆被取消，而新冠病毒使艺术家们无法通过现场表演赚钱。
1.overlap: to cover part of the same area of interest, knowledge, responsibility, etc
2.disastrously: very bad, harmful or unsuccessful
3.bar: to ban or prevent sb from doing sth
4.venues与revenue做区分，venues是场馆
5.scrap在这里为动词词义，取消/去除，
venues scrap to make rent in这小句翻译仅供参考，欢迎大家积极讨论
从2017年以来，比特币市场也经历了多轮暴涨和暴跌。多名经济学家认为比特币市场存在巨大泡沫，但正是价格的起起落落，让众多投资者对它趋之若鹜。
Bitcoin is a type of digital currency that emerged after the 2008 financial crisis. It allows people to bypass banks and traditional payment methods. It has become the most prominent among thousands of so-called
cryptocurrencies
. It relies on “blockchain” technology, which is a shared database of transactions, with entries that must be confirmed and
encrypted
. The network is secured by individuals called “miners” who use high-powered computers to verify transactions, with bitcoins offered as a reward.
比特币是2008年金融危机后出现的一种数字货币。它可以让人们绕过银行和传统的支付方式。它已经在数千种所谓的加密货币中脱颖而出。它依赖于“区块链”技术，这是一个共享的交易数据库，每项数据都必须经过确认和加密。名为“矿工”的个人使用大功率的计算机来验证交易，负责网络安全，然后以比特币作为他们的奖励。
There are several currency exchanges where consumers can
swap
traditional “fiat” money – backed by governments – for cryptocurrencies, which must be stored using a digital wallet. Some of the biggest exchanges include Bitstamp, Coinbase and Gemini. However, finance firms have also created new investment products based on bitcoin and other cryptocurrencies, such as contracts for difference, which are used to track the value of an asset without needing to directly own it.
有几家货币交易所，在那里消费者可以用政府支持的传统“法定”货币交换加密货币，加密货币必须使用数字钱包存储。最大的几家交易所包括Bitstamp、Coinbase和Gemini。然而，金融公司基于比特币和其他加密货币也开发了的新投资产品，如差价合约，可以在不直接所有资产的情况下追踪资产价值。
There are three main factors influencing the bitcoin price. First, the media
frenzy
over its boom in value, drawing in new buyers looking to make money. Second, more traditional finance firms are investing in the market. And finally, comparisons between bitcoin and gold, which fit with trends in the global economy.
影响比特币价格的主要因素有三个。首先，媒体对其价值的激增十分狂热，吸引了希望赚钱的新投资者。其次，更多的传统金融公司正在投资这个市场。最后，对比特币和黄金进行比较，符合全球经济的趋势。
The development of Covid-19 vaccines could enable a swift economic recovery from the pandemic, at a time when governments and central banks are still providing vast amounts of emergency support – which could trigger a
burst of inflation
.
Some investors view bitcoin as a store of value, similar to gold, which can hold its worth during times of economic stress or rising inflation.
翻译划线句，长按文末小程序码打卡，答案下期公布~
一些投资者将比特币视为一种类似于黄金的保值方式，可以在经济紧缩或通胀加剧时保值。
Bitcoin’s value is almost entirely defined by perceptions. Some economists believe it is entirely worthless. However, analysts at JP Morgan have said it could hit $146,000 if it became as established as gold for investors. However, to match this reputation
built up
over millennia – as a thing worth owning, with otherwise little intrinsic value – it would need to become much less
volatile
.
比特币的价值几乎完全由观念决定。一些经济学家认为它完全没有价值。然而，摩根大通的分析师表示，如果比特币对投资者来说像黄金一样稳定，那么它就能达到14.6万美元。然而，比特币要想与黄金几千年建立起来的声誉相媲美——作为一种值得拥有的东西，否则没有什么内在价值——它需要变得更稳定。
本文节选自：The Guardian（卫报）
发布时间：2021.01.11
作者：Richard Partington
原文标题：What is bitcoin and why are so many people looking to buy it?
