Ethereum EIP-1559 and ETH's Value Capture

(Mountains, Van Gogh) EIP-1559 is an important proposal for Ethereum, which will have significant impacts on ETH's future value capture, user experience, security, and other aspects. In the medium-short term, the EIP-1559 proposal may have an impact on ETH's price only second to ETH's PoS, and in the long term, it may have more lasting influence.