Vitalik: ETH Should Focus on Store of Value, Not Fee Burning

Vitalik Buterin said Ethereum should focus more on ETH as a store of value rather than as a “fee-burning token,” arguing that fee burn was never as strong a valuation floor as it appeared and that maximizing fees could conflict with decentralization and capture resistance.He said Ethereum’s strongest attributes are decentralization and “CROPS” — censorship and capture resistance, open source, privacy and security — and that these qualities are better aligned with ETH’s role as a store of value. Buterin added that Ethereum should not be concerned even if fee burn remains below 10% of breakeven over the long term, saying ETH’s value can come from elsewhere.