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So, i read the @gay-fae post about how sad it is that Ed doesn't know about the conversation between Stede and Chauncey, about the fact that Ed doesn't know that Stede wanted to protect him because everything he touches ends up damaged. That is so, so sad, but do you know what makes it sadder? Ed must think that the reason why Stede left him is because he is not good enough anymore.
We know Ed didn't want anything to do with being Blackbeard anymore, he just wanted to be with Stede, in the British Army or somewhere far, far away from everyone they knew, however, from his perspective, the moment he says that to Stede, he vanishes, and even though Stede said he didn't really like how cruel and indifferent Blackbeard was, Ed must think that he only wanted the status that came from being near the most feared pirate of all times.
Ed doesn't know the real reason why Stede left, he only knows that the second he stepped down from his role, he was abandoned. And maybe that is why he once more became Blackbeard, because he was finally convinced he's nothing if not a monstrous pirate. And maybe, a part of him thinks that if he comes back to the sea angrier and crueler than ever, maybe Stede will someday come back.