Vitalik Buterin Said That The Merge May Not Be Priced In Until It Actually Occurs
The Merge May Not Be Priced In Until It Actually Occurs, Vitalik Buterin Said
The Merge is not “priced in,” according to Vitalik Buterin, a co-founder of Ethereum, both from a market and psychological narrative perspective. A well-known investor has announced his intention to fork Ethereum.
During this year’s Ethereum Community Conference, Buterin made a comment about the attitude among Ethereum developers, saying that it is all “genuine” today as opposed to 2018 and 2019, when the Ethereum elites “forced high morale” to keep everyone else’s spirits up.
Although The Merge is “looking more and more in the front view mirror,” he pointed out that it is still not “priced in” in terms of the market and psychological narrative.
Buterin stated that while most people feel the much-touted proof-of-stake “is not going anywhere” and that some people still think it is just “noise,” The Merge may not be priced in until it actually occurs.
Recall that The Merge is the much-awaited update to Ethereum that occurs when the existing Ethereum Mainnet combines with the beacon PoS system. In other words, after The Merge, Ethereum will fully abandon its existing proof-of-work (PoW) algorithm in favor of PoS.
As previously mentioned, Tim Beiko, an Ethereum developer, suggested September 19 as a possible date for The Merge.
Notably, the eleventh “shadow fork” of Ethereum took place on Tuesday at 11:45 UTC in block 15217902 when Terminal Total Difficulty (TTD) was ignored, 26 hours ahead of planned.
As the chain is ready to switch to PoS, it appears that Chandler Guo, a well-known miner, angel investor, and adviser to Bitcoin and Ethereum businesses, plans to split Ethereum so that a different version remains on Pow.
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