While this just shows the centralisation, the pull of wealth without work IE staking is very popular with normies and they will continue to pile into this ponzi as ETH attacks bitcoin on the "no yield" narrative and low energy "narrative" There are far more people without critical thinking skills and money and will rightly lose it

Its bullish for bitcoin long term, ensuring that people who hold stupid beliefs get rekt and end up with less ownership of the bitcoin network is always a positive in my eyes