> Is it incorrect to say that ethereum is now entirely centralized with some extra steps? no, that's right. It's now a chain where you make money (fresh coins

> Is it incorrect to say that ethereum is now entirely centralized with some extra steps? no, that's right. It's now a chain where you make money (fresh coins) by a procedure controlled by the Ethereum Foundation. What happens if something goes fatally wrong? The EF will step in and fix it. This has (for a few years now) raised serious questions as to whether the new network will constitute an offering of securities - EF sets rules to run a validator and get paid in ETH.