While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33% of the survey’s respondents think Ethereum could split in two once again.
The Merge Getting Delayed in September Becomes a Topical Conversation
After the so-called penciled-in date for The Merge was announced, the price of ethereum (ETH) and ethereum classic (ETC) skyrocketed in value against the U.S. dollar. The Ethereum developer and Beacon chain community director, Superphiz, explained that the “timeline isn’t final,” but the planning timeline he shared said The Merge could be implemented on the week of September 19. Essentially, The Merge will finalize the transition from a proof-of-work (PoW) chain to a proof-of-stake (PoS) consensus model.
Almost immediately after the announcement, the price of ethereum jumped considerably higher after previously suffering from the bear market downturn. ETH has gained 62.4% against the U.S. dollar in the last 30 days. However, with the date getting closer there’s a lot less hype and people are now wondering if Ethereum developers will delay The Merge fork. The subject of delaying The Merge has been a topical conversation on social media this weekend. One individual wrote:
I think everyone’s too fixated on the September deadline for The Merge that they think everything has to be settled within the next few months. But what if the Ethereum Foundation just delays it again?
Unpopular Question:
What’s the probability of “Another Delay in Merge”? #ETH— CryptoVizArt.btc 📈 (@CryptoVizArt) July 29, 2022
Ethereum Supporter Says It’s a ‘Low Probability Bear Scenario if The Merge Is Delayed’
There are multiple Twitter threads discussing the possibility of The Merge getting delayed and a myriad of theoretical scenarios. One individual named Chris who calls himself a “retired degen” published a thread that shows the upsides of The Merge if it is successfully implemented with no issues.
Hedge fund guy discovers Ethereum last week: “delay the Merge, you really need to rethink this roadmap thousands of people have been executing against for years” https://t.co/8Vdnq6XYaA
— Mike D🫡das (🏌️♂️, ⛳️) (@mdudas) July 31, 2022
Chris insists The Merge would drop the…
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