Bitcoin

Today, a majority of BTC is traded and custodied on CEXs. With the advent of ETFs, in the long term BTC will effectively be controlled by a few regulated CEXs. Might as well cancel PoW and go PoA - it'll actually be more decentralized than 2 mining pools & a handful of profit-maxi centralized mining corporations.

I agree, BTC is a dying dinosaur. ETH is the digital oil. The only way BTC survives is by shifting to a PoA and incorporate a layer 1. It's hilarious that BTC doesn't even have a platform, no utility but people pray to it. Utility and adaptability always move forward.