One of the most important countermeasures against credential abuse is the ability to ban users who behave badly. This sort of revocation happens all the time on real sites: for example, when a user posts spam on a website, or abuses the site’s terms of service. Yet implementing revocation with anonymous credentials seems implicitly difficult. In a non-anonymous credential system we simply identify the user and add them to a banlist. But anonymous credential users are anonymous! How do you ban a user who doesn’t have to identify themselves?
趋势二，轻资产扩张成主流，从“跑马圈地”到精耕细作。轻资产模式因为降低了扩张的资产投入，依旧会是2026年各大集团抢占市场份额的首选，行业也将进入规模竞速和效率比拼的双轨阶段。但2025年业绩已经证明，单纯规模扩张并带不来盈利同步增长，凯悦“扩张与效率并重”模式，成为行业发展的重要参考。
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同样的吊诡，同样的迷思，永远会在不同的时代、以不同的面貌一直继续出现。