1/ Blockchains will replace networks with markets.
1/ 区块链将会用市场代替网络。
2/ Humans are the networked species. The first species to network across genetic boundaries and thus seize the world.
2/ 人类是相互连接成网络的种族。第一个通过语言文字而不是基因内置相互连接的种族，并因此统治了世界
3/ Networks allow us to cooperate when we would otherwise go it alone. And networks allocate the fruits of our cooperation.
3/ 网络允许我们应当合作的时候合作，而不是始终独自努力。网络分配合作成果。
4/ Overlapping networks create and organize our society. Physical, digital, and mental roads connecting us all.
4/ 相互交织扩展的网络创造和组织了我们的社会。物理上的，数字上的，思想上的道路连接了所有人。
5/ Money is a network. Religion is a network. A corporation is a network. Roads are a network. Electricity is a network...
5/ 货币是网络。宗教是网络。组织是网络。道路是网络。电力是网络。
6/ Networks must be organized according to rules. They require Rulers to enforce these rules. Against cheaters.
6/ 网络的需要按照某些规则组织。规则需要统治者来对抗作弊者和保证规则的强制执行。
7/ Networks have "network effects." Adding a new participant increases the value of the network for all existing participants.
7/ 网络拥有网络效应。新参与网络的个体，会为原有网络的参与者增加网络的价值。
8/ Network effects thus create a winner-take-all dynamic. The leading network tends towards becoming the only network.
8/ 网络效应创造了一种赢者通吃的作用力。一个领先的网络倾向于变成唯一的网络。
9/ And the Rulers of these networks become the most powerful people in society.
9/ 这些网络的统治者变成了社会中最有权势的人。
10/ Some are run by kings and priests who choose what is money and law, sacred and profane. Rule is closed to outsiders and based on power.
10/ 一些网络是由国王和主教统治，他们选择什么是金钱，什么是法律，什么是神圣，什么是渎神。网络的规则对外是封闭，规则的执行是由权利保障的。
11/ Many are run by corporations. The social network. The search network. The phone or cable network. Closed but initially meritocratic.
11/ 大部分的网络是由公司统治的。社交网络。搜索网络。电话或通讯网络。规则是封闭的但是规则最开始的制定是为才是举的。
12/ Some are run by elites. The university network. The medical network. The banking network. Somewhat open and somewhat meritocratic.
12/ 一些网络是由精英统治的。大学网络。医疗网络。银行网络。规则一定程度上开放，一定程度上为才是举。
13/ A few are run by the mob. Democracy. The Internet. The commons. Open, but not meritocratic. And very inefficient.
13/ 也有很少一部分的网络是被乌合之众统治的。民主。互联网。众议院。开放，但是很少对贡献做激励，并且非常的低效。
14/ Dictatorships are more efficient in war than democracies. The Internet and physical commons are overloaded with abuse and spam.
14/ 独裁在战争上比民主更为高效。互联网和公共资源已经因为滥用和污染而过载。
15/ The 20th century created a new kind of network - market networks. Open AND meritocratic.
15/ 20 世纪创造了一种新类型的网络，市场网络。开放并且论功行赏。
16/ Merit in markets is determined by a commitment of resources. The resource is money, a form of frozen and trade-able time.
16/ 市场网络里的荣誉取决于对市场资源的贡献。这里的荣誉就是指货币，冻结的可交易的时间的一种表现形式。
17/ The market networks are titans. The credit markets. The stock markets. The commodities markets. The money markets. They break nations.
17/ 市场网络都是巨大的。信用市场。股票市场。商品市场。货币市场。这些市场挣脱了国家的边界。
18/ Market networks work where there is a commitment of money. Otherwise they are just mob networks. The applications are limited.
18/ 市场网络有效是因为有货币作为激励。否则就是一个乌合之众的网络。他的作用会被限制。
19/ Until now.
19/ 直到现在为止。
20/ Blockchains are a new invention that allows meritorious participants in an open network to govern without a ruler and without money.
20/ 区块允许在一个开放规则的网络里对贡献做激励。不需要统治者，也不需要货币。
21/ They are merit-based, tamper-proof, open, voting systems.
21/ 这是一个基于价值的，防止作弊的，开放的表达系统。
22/ The meritorious are those who work to advance the network.
22/ 那些对网络作出贡献的人将会被激励。
23/ As society gives you money for giving society what it wants, blockchains give you coins for giving the network what it wants.
23/ 正如如果你做出社会想要的贡献之后，社会将给予你货币一样。区块链将会给予你代币，当你对区块链做出贡献之后。
24/ It's important to note that blockchains pay in their own coin, not the common (dollar) money of financial markets.
24/ 需要重点注意的是，区块链给予的是自身的代币，而不是传统的金融市场上的法币。
25/ Blockchains pay in coin, but the coin just tracks the work done. And different blockchains demand different work.
25/ 区块链以代币结算。不同的区块链实际上期望不同的贡献。
26/ Bitcoin pays for securing the ledger. Etherium pays for (executing and verifying) computation.
26/ 比特币激励那些保卫账本安全的人。以太坊激励那些执行计算的人。
27/ Blockchains combine the openness of democracy and the Internet with the merit of markets.
27/ 区块链结合了互联网和民主对规则的开放性，和市场对价值的激励效应。
28/ To a blockchain, merit can mean security, computation, prediction, attention, bandwidth, power, storage, distribution, content...
28/ 在区块链上，价值可以意味着，安全，计算，预测，注意力，带宽，能量，储存，发行，内容...
29/ Blockchains port the market model into places where it couldn't go before.
29/ 区块链把市场的精神带到它原本不可触及的地方。
30/ Blockchains' open and merit based markets can replace networks previously run by kings, corporations, aristocracies, and mobs.
30/ 区块链代表的开放和价值引导的模型可以取代之前由国家，组织，少数精英，乌合之众主导的网络。
31/ It's nonsensical to have a blockchain without a coin just like it's nonsensical to have a market without money.
31/ 没有代币的区块链就像不存在货币的市场，是没有意义的。
32/ It's nonsensical to have a blockchain controlled by a sovereign, a corporation, an elite, or a mob.
32/ 由国家，组织，精英或乌合之众控制的区块链，是没有意义的。
33/ Blockchains give us new ways to govern networks. For banking. For voting. For search. For social media. For phone and energy grids.
33/ 区块链给了我们一种新的模型去运行网络。对于银行，投票，搜索，社交网络,通讯和能源分配。
34/ Networks governed without kings, priests, elites, corporations and mobs. Networks governed by anyone with merit to the network.
34/ 这是一个不由国王，神父，精英和乌合之众管理的网络。网络将有所有对网络有价值的人共同管理。
35/ Blockchain-based market networks will replace existing networks. Slowly, then suddenly. In one thing, then in many things.
35/ 以区块链为基础的市场网络会取代现有的网络。先缓慢量变，然后突然质变。先是某个领域，然后许多领域。
36/ Ultimately, the nation-state is just a network (of networks).
36/ 最终，国家的形式将是网络的集合。
FIN/ Thank you, Satoshi Nakomoto. And to all the shoulders that Satoshi stands upon.
FIN/ 感谢 Satoshi , 感谢那些 Satoshi 踩着的肩膀。