◇Ethereum Recasts Its Value Case Away From Fee Revenue

Score history

Daily conviction score, 0 to 100. Higher means the thesis is more strongly corroborated.

Now 36

Showing the last few days. Unlock full score history.

Why the conviction moved

• Nov 12
  Context

  An Ethereum Research post proposes 'elastic' scaling while L2 value secured shrinks. This continues the debate over how scaling design affects ether's economics, but no protocol decision has been made either way.

• Nov 9
  Strengthened +5

  Vitalik Buterin said ether's value should rest on its role as a store of value, not on fee burns. He would keep the burn but said holders should accept burns far below breakeven indefinitely. Coming from Ethereum's co-founder, this openly moves the investment case from fee revenue to monetary premium.

Source trail

• Context · November 12, 2026

  Ethereum Research Post Proposes "Elastic" Scaling as Every Major Layer-2 Network Loses Value Secured in a Week

  An Ethereum Research post proposes 'elastic' scaling while L2 value secured shrinks. This continues the debate over how scaling design affects ether's economics, but no protocol decision has been made either way.

  Ethereum Research

• Supporting · November 9, 2026

  Vitalik Buterin says ether's value should rest on its role as a store of value, not on fee burns

  Vitalik Buterin said ether's value should rest on its role as a store of value, not on fee burns. He would keep the burn but said holders should accept burns far below breakeven indefinitely. Coming from Ethereum's co-founder, this openly moves the investment case from fee revenue to monetary premium.

  crypto.news