Ethereum Co-founder Vitalik: ETH Should Focus More on Its Store-of-Value Role

As reported by 深潮 TechFlow on November 8, Ethereum co-founder Vitalik Buterin said in a post that he believes ETH should emphasize its store-of-value function more than its positioning as a fee-burn token.

Vitalik said the fee-burn narrative is not as strong as it appears, and optimizing around that goal may make it difficult to preserve decentralization and capture resistance; a store-of-value positioning aligns with Ethereum's advantages, including decentralization. He believes the stability provided by these advantages has practical value for asset holders and will also be valued in an era of AI-driven transformation.

He supports retaining EIP-1559 and its burn mechanism, but believes there is no need to be disappointed even if fee burns remain below 10% of the break-even level over the long term, because ETH's value comes from other aspects.

Source: 深潮 TechFlow