星球日报
星球日报|11月 08, 2026 12:09
[Vitalik: Pursuing Fee Burning May Require Highly Interventional Governance and Drive Up Gas Prices] According to Odaily Planet Daily, Vitalik published an article on the X platform stating that to support Ethereum's market capitalization of approximately $270 billion through fee burning, Ethereum would be equivalent to a large corporation like L'Oréal, ranked around 55th in market capitalization. He estimates that L'Oréal's annual R&D expenditure accounts for about 0.58% of its market capitalization; if Ethereum were to invest at this rate, it would need to allocate approximately 700,000 ETH annually through the protocol, reducing validator revenue by about two-thirds. Vitalik stated that large corporations require continuous investment and governance, and for Ethereum to maintain its competitiveness in the long term, it will require highly interventionist governance, which is incompatible with decentralization and capture resistance. He also pointed out that optimizing fee burning may mean pursuing higher gas prices to some extent, making it unusable for some users. Pricing that maximizes the product of price and usage will result in less usage than pricing that maximizes usage within the resource constraints of a secure blockchain.
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