(But I completely disagree!!) Vitalik believes ETH’s core is not fee burning, but being a store of value (SoV). Vitalik has laid out a long argument about ETH’s direction. In summary: it makes far more sense to position ETH as a store of value (SoV) than as a fee-burning token. 1. The narrative of ETH as a fee-burning token was never inherently strong to begin with. 2. Optimizing solely for maximum fee burning conflicts with Ethereum’s decentralization and censorship resistance. 3. Conversely, optimizing for SoV aligns perfectly with Ethereum’s unique strengths: decentralization + CROPS. EIP-1559 itself is good and should be maintained—but even if fee burning remains below 10% of issuance forever, there’s no reason to be upset. La la la. ETH’s value comes from elsewhere. And he concludes by saying that in the age of AI chaos, “stability” will become incredibly rare. Hmm… so, in a way, this means all the previous talk about “Ethereum as ultra sound money” and “fee burning” has now been effectively dismissed. But calling it a store of value… personally, I can’t fully agree. Ethereum feels more like a tech stock—a Tesla-like asset—does it really make sense as a store of value? #Ethereum #Vitalik #ETH