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ETH should focus on store of value, not burning fees.

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Wu Blockchain · Crypto · · Source

ETH should focus on store of value, not burning fees.

Vitalik Buterin said that Ethereum should focus more on ETH as a store of value rather than a "fee-burning token", arguing that fee-burning has never been as strong a value floor as it has been seen and that maximizing fees could clash with decentralization and meet resistance.

He said that Ethereum's strongest features are decentralization and CROPS – resistance to censorship and capture, open source, privacy and security – and that these features are better aligned with ETH's role as a store of value. Buterin added that Ethereum should not be concerned even if the fee burn remains below 10% of the long-term breakeven point, saying that ETH's value can come from other places.

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