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Vitalik Buterin urges Ethereum to focus on security and store-of-value over maximizing fee burns.

Protocol Fundamentals
08 Nov 2026, 14:54 WIB
Crypto news
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Vitalik Buterin urges Ethereum to focus on security and store-of-value over maximizing fee burns.

Ethereum co-founder Vitalik Buterin argues that ETH should be valued primarily as a store of value rather than relying on transaction fee burning to drive its price. He believes maximizing fee burns could harm Ethereum's decentralization, affordability, and censorship resistance. Buterin supports keeping the EIP-1559 fee-burning mechanism but warns that fee burning alone cannot reliably support ETH's valuation, especially during low network activity. Instead, he emphasizes Ethereum's long-term security, privacy, and resistance to external control as the core investment case for ETH.

Ethereum's long-term value debate is highlighted as ETH trades at Rp40.490.200 on Pluang, showing a slight dip of 0.09% as of Nov 08, 2026 20:03 WIB. The platform records a market cap of Rp4.947,71 trillion and a 24-hour trading volume of Rp65,1 trillion, with most users holding ETH for about 108 days. Buy orders dominate at 78%, reflecting steady investor interest despite the minor price change.

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