Yes very true. If you look at it closely, it is no decentralized chain. In the beginning, a few people managed to get alot of Hive and now rule the chain. And they keep shifting their money back and forth between them. That´s all.
It´s sad. I was very very active for 5 years on Hive. As a musician and graphics designer and artist, I had high hopes in all of that. And we could have built something huge here. But in the end, it all ended up in the same peoples pockets. So I got very discouraged.