CryptoUpdated November 8

Buterin argues ETH should be valued as a store of value

Vitalik Buterin wants ETH valued as a store of value, rather than as a token whose case depends on burning fees. He says the fee-burning argument “never was as strong as it seemed.” He also argues that maximizing fees would force Ethereum to operate like a major corporation. His case is for a different way to think about what ETH should be valued for.

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Coverage started November 8