Apologies for an X link, but this is the most thorough and neutral technical description I have found and recommend everyone to read and consider https://x.com/bitschmidty/status/1918257532415385742
Discussion
I can definitely understand and respect your take as you are clearly thinking it through so respect there. The one fact I would really push on is, that is only one of several considerations in this change. So even if you are skeptical of that one argument, I’d encourage you to check out Schmidty’s notes on the others 👍🏻