[serious discussion] Coinbase and other centralized exchanges account for most ETH2 staking. They take a 25% cut and presumably stake their ETH as well. Does this give them infinitely compounded control of ETH2 and should we be worried about this?

With eth moving to pos, someone owning so much eth can be really dangerous. Am I overblowing this or should we be more worried about Coinbase having so much control?

Coinbase and other centralized exchanges account for most ETH2 staking. They take a 25% cut and presumably stake their ETH as well. Does this give them infinitely compounded control of ETH2 and should we be worried about this?

Especially the infinitely compounding part scares me. At a certain point they'll have so much ether staked that it would be mathematically impossible for anyone else to catch up. Also we don't know if Coinbase and others will actually let you vote with your staked coins. They might just do it all for you since they technically own the staking nodes.

I don't mean this as FUD, I'm just honestly curious and worried. I like Eth and own some. I just worry about the security of the chain in this situation.

Edit: Also I know about Rocket Pool but sadly most people go with the easy route and that's coinbase. It's kind of the same issue that Monero has with Decentralized P2Pool mining