Vitalik just shifted the entire $ETH narrative and nobody's talking about it enough.
Forget the fee burn hopium. He's now pushing $ETH as a STORE OF VALUE play.
But here's the brutal reality check:
If $ETH's value thesis depends on supply contraction instead of actual demand... what happens when network activity dries up and burns go to zero?
Token burns don't pay your bills. Demand does.
Scarcity without utility is just artificial scarcity.
$ETH doesn't need to prove it can become scarce. It needs to prove why the world MUST hold it.
Right now? That answer is getting blurrier by the quarter.
Ethereum needs to answer the demand question before the market does it for them.
Forget the fee burn hopium. He's now pushing $ETH as a STORE OF VALUE play.
But here's the brutal reality check:
If $ETH's value thesis depends on supply contraction instead of actual demand... what happens when network activity dries up and burns go to zero?
Token burns don't pay your bills. Demand does.
Scarcity without utility is just artificial scarcity.
$ETH doesn't need to prove it can become scarce. It needs to prove why the world MUST hold it.
Right now? That answer is getting blurrier by the quarter.
Ethereum needs to answer the demand question before the market does it for them.
