Right, “burned” suggests it was destroyed. Instead this was paid to miners. The service the miners are providing is auctioning off time-slots in the network. T

Right, “burned” suggests it was destroyed. Instead this was paid to miners. The service the miners are providing is auctioning off time-slots in the network. This is load-shedding in action; if you don’t think your transaction is worth the fee, wait until the network is less congested. (Sure, this is probably an indictment of Ethereum-as-currency, but I don’t think that’s a use-case that is seriously contemplated by most market participants right now.) Edit: this first part may be false, fees are apparently actually burned now. Sorry. https://news.ycombinator.com/item?id=31241054#31241311 https://news.ycombinator.com/item?id=31241054#31241311