According to Ethereum co-founder Vitalik Buterin, Merger is “unpriced” from both a market and psychological narrative perspective.
During this year’s Ethereum community Conference, Buterin commented on the attitude among Ethereum developers, saying that everything is “real” today, unlike in 2018 and 2019 when Ethereum elites “pushed high morale” to keep everyone’s spirits high.
He pointed out that despite the Merge, “looking more and more in the front-view mirror” is still “not priced” in terms of market and psychological narrative.
Buterin noted that most people feel that the much-lauded proof-of-stake “is going nowhere,” and some still think it is just “noise.”
Recall that the Merge was the much-anticipated update for Ethereum, which came about when the existing Ethereum Mainnet merged with the beacon PoS system.
As mentioned earlier, Tim Beiko, an Ethereum developer, suggested September 19 as a possible date for the Merge. Ethereum’s eleventh “shadow fork” occurred on Tuesday at block 15217902.
As the chain is ready to migrate to PoS, Chandler Guo, a well-known miner, angel investor, and consultant for Bitcoin and Ethereum affairs, plans to split Ethereum so that a different version remains in PoW.