PANews reported on May 10 that Nick Tomaino, founder of 1confirmation, stated on the X platform that BTC is the first Crypto Asset that serves the people. Its grassroots spirit and belief, from the ground up, have led it to grow from nothing to a market capitalization exceeding 2 trillion dollars. The value storage based on trust in mathematics rather than in people is changing the world, but BTC has now become the preferred institutional asset of large companies and governments. One entity holds over 2.5% of BTC shares, and currently, no practical applications have been developed on Bitcoin to attract new users. Apart from value storage, there are no use cases to expand market share.
ETH is a trustless and neutral internet-native value storage tool that supports a developer platform encompassing stablecoins, decentralized finance, NFTs, prediction markets, decentralized social, decentralized identity, and more. All the new use cases that have driven the development of this field over the past decade have emerged on Ethereum and are continuously evolving, attracting new users who distribute ETH as a value storage tool and enhance the scarcity of ETH.
Some people believe that in the future, there will only be one credible, neutral, internet-native means of value storage. They are gravely mistaken; there may be many, but currently, there are only two viable options: BTC and ETH.
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1confirmation founder: Both BTC and ETH can become native internet store of value in the future.
PANews reported on May 10 that Nick Tomaino, founder of 1confirmation, stated on the X platform that BTC is the first Crypto Asset that serves the people. Its grassroots spirit and belief, from the ground up, have led it to grow from nothing to a market capitalization exceeding 2 trillion dollars. The value storage based on trust in mathematics rather than in people is changing the world, but BTC has now become the preferred institutional asset of large companies and governments. One entity holds over 2.5% of BTC shares, and currently, no practical applications have been developed on Bitcoin to attract new users. Apart from value storage, there are no use cases to expand market share. ETH is a trustless and neutral internet-native value storage tool that supports a developer platform encompassing stablecoins, decentralized finance, NFTs, prediction markets, decentralized social, decentralized identity, and more. All the new use cases that have driven the development of this field over the past decade have emerged on Ethereum and are continuously evolving, attracting new users who distribute ETH as a value storage tool and enhance the scarcity of ETH. Some people believe that in the future, there will only be one credible, neutral, internet-native means of value storage. They are gravely mistaken; there may be many, but currently, there are only two viable options: BTC and ETH.