I think, now that were a few weeks removed from the ETH merge, its becoming apparent the rationale for the switch to POS was to make stable coins faster and cheaper to transact. It was never about decentralization or privacy. Rather it was to create a lightning network but one at layer one that's essentially running "on fumes", and one run by big money, big debt and without a underlying hard asset like bitcoin (OK, bitcoin is the one and only true hard asset)