Centralization enables an ELE event which is quite plausible and has been explained by myself several times in this thread. That is where the cartel masters via Circle, Coinbase, Paypal, Facebook, etc move their zombie masses onto to a fork (probably a pegged side chain in order to avoid the WMD war with the MPEX GavinCoin short) which has the technical attributes they want such as central bank controlled debasement rates and mandatory KYC on all transactions, then they can wreck havoc on the Core chain causing users to move their value out of it and to this cartel side chain. The sort of havoc they can do on Core include for example G7 (perhaps G20) countries regulation of pools forcing KYC to accompany all transactions. As the Core chain becomes a minority chain (declining transaction volume) its hashrate will plummet and then the cartel can buyout some mining farms (which have become worth much less due to the plummet) to 50+% attack the Core chain.

Come on man. Stop your display of ignorance. Aren't you embarrassed yet.