<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>持币行为 on TimeB.news - 时间经济学与稀缺性理论</title><link>https://timeb.news/zh-cn/tags/%E6%8C%81%E5%B8%81%E8%A1%8C%E4%B8%BA/</link><description>Recent content in 持币行为 on TimeB.news - 时间经济学与稀缺性理论</description><generator>Hugo</generator><language>zh-cn</language><lastBuildDate>Mon, 15 Jun 2026 00:30:00 +0000</lastBuildDate><atom:link href="https://timeb.news/zh-cn/tags/%E6%8C%81%E5%B8%81%E8%A1%8C%E4%B8%BA/index.xml" rel="self" type="application/rss+xml"/><item><title>老币的跨期供给无弹性：为什么旧 UTXO 忽略价格信号</title><link>https://timeb.news/zh-cn/posts/%E8%80%81%E5%B8%81%E7%9A%84%E8%B7%A8%E6%9C%9F%E4%BE%9B%E7%BB%99%E6%97%A0%E5%BC%B9%E6%80%A7%E4%B8%BA%E4%BB%80%E4%B9%88%E6%97%A7-utxo-%E5%BF%BD%E7%95%A5%E4%BB%B7%E6%A0%BC%E4%BF%A1%E5%8F%B7/</link><pubDate>Mon, 15 Jun 2026 00:30:00 +0000</pubDate><guid>https://timeb.news/zh-cn/posts/%E8%80%81%E5%B8%81%E7%9A%84%E8%B7%A8%E6%9C%9F%E4%BE%9B%E7%BB%99%E6%97%A0%E5%BC%B9%E6%80%A7%E4%B8%BA%E4%BB%80%E4%B9%88%E6%97%A7-utxo-%E5%BF%BD%E7%95%A5%E4%BB%B7%E6%A0%BC%E4%BF%A1%E5%8F%B7/</guid><description>老币的价格供给弹性趋近于零——即使在 100 倍牛市中，旧 UTXO 仍然保持休眠。本文提出跨期供给无弹性 (ISI) 框架，量化币龄如何在 BTC、LTC 和 DOGE 上系统性压制价格反应能力。</description></item></channel></rss>