Is The Ethereum Merge a Monumental Blunder?

The Ethereum Merge: Risks, Flaws And The Pitfalls Of Centralization

While Ethereum proponents and developers will claim that the switch to PoS makes Ethereum much more decentralized and resistant to hostile attack, the empirical evidence points to an increasing amount of staking centralization, which can lead to some large problems. At the time of writing, 57.85% of ether is being staked with four providers, with Lido holding by far the largest market share.

I've been saying this for years - and really don't care about those who still fly the flag of "decentralisation". It's a con. Collusion always wins. Just like "democracy", or the "law", or anything that pretends to be what it isn't.

One should think deeply as to why Ethereum are doing this. My suspicion, since the announcement what seems like years ago, is that they want to be centralised. Investors like that.

Why The Ethereum Merge is a Monumental Blunder (13 August 2022)

(More comments to come - this will be so much fun!)