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First of all, i really like ETH and I own it as well as NFTs on ETH but…

I understand and agree with the decentralized aspect of Bitcoin and I believe money should be decentralized…however…as time goes on, I’m less convinced that smart chains like Ethereum require this level of centralization, or that it is even desirable.  

Binance Smart Chain is way more efficient and easily understandable than Ethereum.  I feel their centralized nature makes them more likely to be able to adapt and evolve faster than Ethereum too.  Unless these coins want to become a global reserve treasury asset like Bitcoin, I see no reason they cannot be controlled by a company like Binance or even Meta.

What are your thoughts? Why does ETH need to be decentralized and how can it compete with BSC over time?

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There’s literally no point in have a cryptocurrency that’s centralised. It would be far more efficient just to create a database. Decentralisation is one of the fundamental properties of a blockchain.
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You want a currency controlled by Meta? How is that not infinitely worse than currency issued by the government? Seems to me you're thinking about crypto as some sort of Nintendo Points or whatever, those things are only good in walled gardens, not in a free economy, not as currency, reserve status or not. Anyway, it's a free market, so you can buy your BNB or Solana or whatever while you figure out why ETH has value.

What's your next idea, should we just give up on a free internet and let Meta / Google / Amazon run it all? What could possibly go wrong?

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