What Vitalik wants to emphasize is store of value, not the burn narrative
When people hear “ultrasound” or “burning,” many first think of the deflationary story. But that’s not really the focus of Vitalik’s original post.
He writes very clearly: rather than treating ETH as a token burned to pay transaction fees, he prefers to focus on “ETH as a store of value (SoV).” He believes the burn narrative isn’t as strong as it might seem; optimizing for burning could be difficult to reconcile with the goals of decentralization and resistance to capture. The store-of-value narrative, by contrast, better aligns with Ethereum’s strengths in stability and decentralization. He also says EIP-1559 can stay, but there’s no need to be discouraged if burning remains below the 10% break-even point for a long time.
One interpretation is that this reshuffles priorities; another might question whether a shift in narrative can change actual demand. This is a discussion of viewpoints, not a price prediction. Which matters more to you: burning, or usage and stability?
#以太坊 #叙事讨论 $ETH
When people hear “ultrasound” or “burning,” many first think of the deflationary story. But that’s not really the focus of Vitalik’s original post.
He writes very clearly: rather than treating ETH as a token burned to pay transaction fees, he prefers to focus on “ETH as a store of value (SoV).” He believes the burn narrative isn’t as strong as it might seem; optimizing for burning could be difficult to reconcile with the goals of decentralization and resistance to capture. The store-of-value narrative, by contrast, better aligns with Ethereum’s strengths in stability and decentralization. He also says EIP-1559 can stay, but there’s no need to be discouraged if burning remains below the 10% break-even point for a long time.
One interpretation is that this reshuffles priorities; another might question whether a shift in narrative can change actual demand. This is a discussion of viewpoints, not a price prediction. Which matters more to you: burning, or usage and stability?
#以太坊 #叙事讨论 $ETH