Vitalik: ETH's value comes from decentralization, not fee burn
Vitalik said ETH's value stems from decentralization and censorship resistance rather than fee burns, and shared posts framed ETH as money.
What we know
@CoinDesk quotes Vitalik saying 'we should not feel sad if fee burn is <10% of breakeven indefinitely.' an account on X shared a quote framing ETH as a store of value and money.
How the story developed
Vitalik said ETH's value stems from decentralization and censorship resistance rather than fee burns, and shared posts framed ETH as money.
Vitalik reframes ETH as a store of value, Raycash launches private stablecoin payments, Animoca changes CEO, and South Korea formalizes crypto seizure rules.
Vitalik argued ETH should be framed as a store of value rather than a fee-burning token, and said he holds about 90% of his net worth in ETH.
Vitalik said Ethereum should prioritize ETH's store-of-value role, arguing fee burn was never a strong valuation floor.
Sources
“the value of ETH comes from elsewhere”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.