curious, have you looked into the years worth of research and work that actually went into the merge? it didn't materialize out of thin air, people had to build it first.

For sure there was a lot of work, but hardly any innovative work. Most of the work was busy-work/unnecessary complexity - As is almost always the case with mainstream blockchain projects. PoS was innovative back in 2016. Blockchain migration to a new tech and consensus mechanism is also not new; it has already been done by hundreds of projects over the last 5 years.

One of the reserve banks' two mandates is 'maximum employment' - IMO, blockchain is one of the clearest examples were you can see the reserve bank's policies working as planned. There is no limit to the complexity and job creation potential of these over-engineered blokchain projects.

Complexity compounds and so does the creation of (less-than-useless) jobs needed to handle all that unnecessary complexity... Solving problems while adding even more complexity on top.

The only innovation is the financial innovation involved in convincing so many rich suckers to pour their money into something which is so inefficient and poorly designed... Somehow tricking them into thinking that the charitable creation of unnecessary jobs is a profitable long term activity.

The real bright minds are those working for the Federal Reserve.