Dfinity (@dfinity) founder Dominic Williams (@dominic_w) has brought the Internet Computer ($ICP) back into focus after Vitalik Buterin (@VitalikButerin) made a new case for Ethereum ($ETH). Williams suggested that $ICP could be the remaining contender in the race to build a "world computer", pointing to the project’s technical development since 2014.
The remarks came as Buterin argued that Ethereum should prioritize decentralization, security and stability rather than aggressively burning $ETH.
Buterin Shifts the Ethereum Argument
On November 8, Buterin said $ETH should be seen as a store of value, not a token whose fees are burned. Decrypt reported that he called the fee burn "never a true floor" and said $ETH’s value comes from stability, which depends on decentralization, censorship resistance and strong security.
Buterin also cautioned against the cost of pursuing higher burn rates. According to Decrypt, he said that optimizing $ETH to burn fees in order to justify a market capitalization of about $270 billion would make Ethereum function like a major corporation on a global scale, sacrificing one of its main selling points: decentralization.
BeInCrypto reported that Buterin linked $ETH’s stability to decentralization and to what he calls CROPS, an acronym for censorship and capture resistance, open source, privacy and security. The outlet added that pursuing a higher burn would mean raising gas prices, potentially pricing out users who need privacy and security most. Cryptowisser reported that Buterin still considers EIP-1559, which introduced the burn, worth keeping.
The same report noted that Ethereum burned about 1.48 million $ETH in 2022, compared with roughly 19,200 $ETH so far in 2026, a sharp drop in the amount of $ETH removed from supply.
Dfinity Makes Its Case for $ICP
Williams has long presented the Internet Computer as a network that goes beyond token transfers. CryptoSlate’s profile says Williams founded Dfinity in 2016 and describes the Internet Computer as a blockchain network built to run internet-scale applications on decentralized infrastructure. Williams has also spoken publicly about combining Ethereum and the Internet Computer to realize the world computer vision, including in a keynote at EDCON 2023.
In his latest remarks, Williams cast $ICP as the project still standing in that race, as Ethereum’s leading voice shifts the debate toward stability and security rather than reducing supply. His claim is the opinion of a competing network’s founder, not an independent assessment of how the two networks compare.
For $ICP and $ETH holders, the exchange raises a broader question: should general-purpose blockchains compete on onchain computation and applications, or on the durability of their base layer?
Sources
Decrypt: Vitalik Buterin Moves On From 'Ultrasound Money'
BeInCrypto: Vitalik Buterin Says $ETH Fee Burn Will Not Drive Ethereum's Value
CryptoSlate: Dominic Williams profile
Source: bsc.news. Adapted by NBTC.
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