# Vitalik Buterin Moves On From ‘Ultrasound Money,’ Says ETH’s Value Is Stability

- URL: https://talkfuse.com/story/vitalik-buterin-moves-on-from-ultrasound-money-says-eths-value-is-stability/
- Published: 2026-11-09T17:14:10+00:00
- Updated: 2026-11-09T17:20:41+00:00
- Original publisher: Decrypt
- Original article: https://decrypt.co/382837/vitalik-buterin-moves-on-from-ultrasound-money-says-eths-value-is-stability
- Topics: Business, Crypto

## Key points

- Buterin says ETH’s value rests on stability and security.
- Fee burns were never a dependable price floor.
- Layer-two growth makes fee burning less central.

## Summary

Vitalik Buterin says Ethereum should be valued for its stability, decentralisation, censorship resistance and security, rather than chiefly for burning transaction fees. The shift challenges the “ultrasound money” pitch, which linked greater network use and fewer ETH in circulation to a higher price.

Buterin said fee burns were never a reliable price floor, and that Ethereum need not generate enough burns to reach its break-even point. Layer-two networks have moved activity to cheaper transactions, while optimising for high fees could undermine decentralisation. Ethlabs’ Binji Pande backed ETH as a store of value, citing its broad use and security work, including preparations for post-quantum risks; his comparisons with Bitcoin and gold are his own assessment.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.