What are some possible outcomes of the Ethereum Merge?

Hi everyone,

So unless you’ve been living under a rock you know that the merge is coming up in less than a week. Moving from Proof of Work to Proof of Stake is a milestone Ethereum has been trying to reach for ages… and it just might happen.

Truthfully, I don’t invest in Eth and don’t really fully understand the ramifications or outcomes of the merge.

Here’s what I do know: change of consensus mechanism to PoS, won’t necessarily reduce gas fees, more environmentally friendly.

Here’s what I don’t know: How does the merge benefit Ethereum? What are some possible ways it could end up failing? Does this make Ethereum more decentralized or centralized? Do you think this is the right move by Vitalik? Why or why not?

Thanks everyone!