Vitalik Buterin Declares Ethereum (ETH) a Store of Value, Not Fee-Burning Token

Ethereum's intrinsic economics is rebuilding itself in motion with tech bugs and the macroeconomic picture overlaying each other in the span of 48 hours. The week wraps up for a major alternative crypto project with a sudden Glamsterdam hard fork stop after testnet launch revealed a dangerous bug in the fee recalculating mechanism, brutally breaking the logic in smart contracts. As the Ethereum community debated the ability of the network to sustain on old power, Vitalik Buterin showed up with a manifesto which completely zeroes out all the panic around mainnet's decreasing revenue. The "red line" behind Vitalik's updated vision is that the community should stop being fixated on the idea of ETH as "fee-burninng token".

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