Vitalik Buterin argued that ETH’s valuation should be based on its role as a store of value, rather than on token burns from transaction fees.

· This stance contrasts with a proposal withdrawn last month. It called for a higher proportion of validator rewards to be burned as more ETH was staked, but was withdrawn after facing opposition.

The Block reported on the remarks and the proposal’s background, but provided no specific valuation model or timeline for next steps.

Would you first check the relationship between the staking ratio and validator reward burns, or look at the store-of-value narrative for ETH?