The trend toward staking is the return to centralization.

Because staking means the power of the owners of the currency at the expense of the user (without the miners' voice)

There are two types of Ethereum owners:

Those who own a huge amount of ETH as an investment. and Those who own a huge amount of ETH because of their work inside Ethereum.

EIP1559 update It was the decision of the owners of Ethereum and the affected are the users who do not own a large amount of Ethereum and therefore do not have the right to vote in the company's decisions.

The update installed a high commission and activated the burning mechanism. And burning means Ethereum has become exactly like a private company, and ETH is the company's stock.

The main beneficiaries of the burning are the owners of the stock (sorry, I mean the owners of ETH)

And the most affected are network users because of the high commission.

The higher the amount of currency in the owner’s account, the higher their profits in addition to their voting power in managing the Ethereum company.

The Ethereum company has a fundamental flaw: it is the continuation of attempts to improve, update and change the network at the expense of the basic user. Every year a new change.

The performance of the Ethereum price has been excellent in the past years, but the company still lacks financial credibility.

ETH network problems...

The simplest example is hacking the DAO that happened in November 2016 and caused Hard Fork unintentionally on Ethereum.

The Hard Fork that happened in the year 2016, was the reason for the birth of Ethereum  Classic (ETC). Even Vitalik didn't know about this error or this problem in the Ethereum network. (Link to article)

This happened again , and another Hard Fork happened unintentionally because of a flaw in the Ethereum network and it happened without the knowledge of the Ethereum programmers (November 2020)      (Link to article)

Let me give you a story to understand the manipulation of banks in the market (with evidence) and **at the end, I will link it to crypto (ETH)**

March 14th: JPMorgan Bank of New York publishes a list of Chinese technology companies and advises **not** to invest in those Chinese stocks at all.

Then on April 19, JPMorgan loses its investment leadership in China and risks financial loss if it does not back down. The threat came from Kingsoft company in Hong Kong. (link)

On May 10, JPMorgan announced that the advice posted on March 14 was in error (link)

On May 17th, JPMorgan announces a list of Chinese stocks that they **must** invest in (the same stocks they were advised not to invest in March) (Link)

Conclusion:

Banks are your enemy

Any cryptocurrency that works with banks means they are doing business in your back, and not crypto.

Sponsoring or partnering a cryptocurrency with a bank means that the bank is trying to penetrate this world through the partner currency.

Example: Banks work with the Ethereum Foundation and Ripple because the two currencies are trash and the banks take care of them.

Now that JP Morgan owns a significant stake in this infrastructure, they basically own Ethereum.

We can measure the centralization with the Herfindahl Index

We can see the centralization increasing continuously in the Ethereum

(Herfindahl Index: in Blue color)

Let's not forget the relation between Ethereum and the SEC and the alliance to drop XRP, (the centralization started increasing more since SEC took XRP to court)!

Staking (PoS) is going back to the past and to centralization

Proof of Work (mining) PoW is the future