I understand your concerns. I use to mine Ethereum and felt betrayed by the proof of stake conversion, and what I feel is the centralization of staking.

The irony of the proof of stake set-up is that many people didn't choose to stake their own Ethereum, and instead use a commercial service. This concentrates staking is the equivalent of the concentration of power in the hands of few.

This is the anthesis of decentralization.

However I try to keep my politics separate from my investments. I think new money will invest into Bitcoin and Ethereum.

Additionally, I like the lack of third party risk in borrowing against Ethereum on the Makerdao, versus using wrapped Bitcoin. But your points are valid and I shall consider them carefully.

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