Vitalik Buterin Moves On From ‘Ultrasound Money,’ Says ETH’s Value Is Stability
Summary
Vitalik Buterin is urging the Ethereum community to emphasize ETH’s role as a store of value rather than its fee-burning mechanism. He argues fee burns never provided a dependable price floor and that maximizing them could require higher transaction costs and undermine decentralization. Ethereum supporters cite its security, censorship resistance, distribution and use in DeFi, stablecoins and tokenization as sources of value. An infrastructure executive agrees that Layer 2 growth has weakened the burn narrative, but says Ethereum’s leadership took too long to focus on applications. Claims that ETH is more future-proof than Bitcoin or gold, including against AI and quantum threats, come from Ethlabs representatives.
