Vitalik Buterin Says Maximizing ETH’s Fee Burn Would Cost Ethereum Its Decentralization

Ethereum co-founder Vitalik Buterin wants ETH holders to judge the token by how well it holds value, not by how much of it the network burns, arguing that ETH’s case as a store of value (SoV) rests on Ethereum’s decentralization. In a four-part thread on X on Sunday, Buterin said EIP-1559 , the fee mechanism that destroys part of what users pay for transactions, “is fine and good, we should keep them.” But he added that the community “should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.” What ETH is for has been a live argument among Ethereum developers and investors for some time. “This is not an engineering problem.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.