Ethereum co-founder Vitalik Buterin argues that ETH's valuation should be based on its properties as a decentralized store of value rather than its fee-burning mechanisms.
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Ethereum co-founder Vitalik Buterin argues that ETH's valuation should be based on its properties as a decentralized store of value rather than its fee-burning mechanisms.
A recent controversial proposal to burn a rising share of validator rewards as more ETH is staked was withdrawn last month after facing pushback. TLDR: Vitalik Buterin says ETH's store-of-value case rests on decentralization, security, and long-term stability. Buterin backs retaining EIP-1559 even if ETH fee burns remain under 10% of the break-even level indefinitely.
The Block reported the story as "Vitalik Buterin says ETH should be valued as a store of value, not a fee-burning token."
2 sources have covered this story, including The Block and Blockonomi. The earliest reporting in the cluster landed 13 minutes ago.
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- FirstBlockonomiNov 8, 9:10 AM ET · United StatesCenter
- +1h 42mThe BlockNov 8, 10:52 AM ET · United StatesCenter
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[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.