ChainCatcher news, according to a post by Nick Tomaino, founder of 1confirmation, on the X platform, Ethereum is the dominant platform for applications such as stablecoins, DeFi, NFTs, prediction markets, decentralized identity, and decentralized social. Many developers and companies, including Coinbase, Blackrock, Fidelity, Stripe, Kraken, Deutsche Bank, Sony, Visa, Polymarket, Uniswap, Aave, and Opensea, are thriving in the Ethereum ecosystem. ETH is a trusted neutral store of value, and as the applications in the ecosystem become increasingly diverse, its scarcity also increases. It is also a capital-generating asset, and its protocol is continuously evolving.

ChainCatcher news, Corn co-founder Zak Cole posted on the X platform that Bitcoin was created out of thin air due to a bug on August 15, 2010, resulting in approximately 184 billion BTC. This "value overflow event" caused two wallets to receive about 92.2 billion BTC. Satoshi Nakamoto and several other developers (including Jeff Garzik and Gavin Andresen) released a new client version with a soft fork five hours later to prevent similar incidents in the future, and all nodes upgraded at block 74691, with the new chain replacing the old one.Zak Cole stated that this event illustrates that Bitcoin's scarcity is actually protected by people, not code. The only reason Bitcoin did not perish that day was that someone noticed the issue and published a fix, and the invalid blocks were removed from consensus within five hours. Bitcoin was saved not because of the protocol, but because of the people running the protocol; this is the truth behind the "decentralization of trust" narrative. The code did not save Bitcoin; the community did.

ChainCatcher news, according to Cointelegraph, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo stated: "The design of Bitcoin has already determined its scarcity. You can never own more than a certain amount of Bitcoin. Bitcoin is rapidly appreciating."

ChainCatcher news, according to Cointelegraph, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo stated: "The design of Bitcoin has already determined its scarcity. You can never own more than a certain amount of Bitcoin. Bitcoin is rapidly appreciating."

ChainCatcher news, Bitcoin Magazine posted on social media that Dell Technologies CEO Michael Dell retweeted MicroStrategy founder Michael Saylor's tweet stating "Bitcoin represents digital scarcity."

ChainCatcher message, during a discussion with Cathy Wood on the topic of "ARK 21Shares receiving Bitcoin ETF approval" in Spaces, Elon Musk commented on Bitcoin as "engineered scarcity."Note: Engineered scarcity is a concept that typically creates artificial value and utility through technology, allowing people to store wealth in things that maintain purchasing power over the long term. It is crucial in a world rich with robots and artificial intelligence, as it ensures long-term financial security.

ChainCatcher message, former Goldman Sachs executive and macroeconomic expert, Real Vision CEO Raoul Pal explains his bullish stance on crypto assets.In an AMA session on YouTube, the macro expert stated that blockchain gives users and investors the opportunity to directly own and operate a part of the network, rather than just gaining a share of the network by purchasing stocks of related companies as in other systems. In a digital world, Pal noted that blockchain can create scarcity and prevent any asset from inflating indefinitely. According to him, the cyclical nature of the crypto market may be larger than the cycles typically associated with tech stocks."In the digital world, we need to transmit, record, and store value, and value is increasingly becoming digital. Blockchain allows you to create scarcity in the digital world. The cycles of crypto may be larger because you actually own a share of the entire network itself."