While the burning method may not be the best way to go for Ethereum it will have a tremendous effect on the price of the token, I’m not sure how it will effect new users coming in, but if they are sure that there will be a steady price growth as a result of the burns I guess they wouldn’t mind. We are yet to see the influence of the EIP on the fee structure. Last I checked there wasn’t much difference yet
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I would say it will help token price, that is what burns do. How will it affect the entire system? We will see.
Enough development and growth there to really make it into something.
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