Just take a look at this post, for example, a whale can come and upvote any comment they want and downvote or flag anything else they don't like and this place suddenly becomes more centralized than any social media out there.
Centralization is about the power in the hand of the few, and this is still the case in what we like to call decentralized blockchain.
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True but responsibility comes with power. All those actions invite reactions. Competition is always keen to unseat those who are taking advantage. However each organization will try to steer the enterprise in the best way according to... what? ...the plan at hand? Why not reward long-term posts, why do they stop earning?
A true decentralization will be showing at least the first page the posts that get the most upvotes, Reads or comments, not the ones that get most of the money! since that is the easiest way to centralization.
Well competition in the creation and supply of money is essential. Money monopolies are the cause of much havoc. On any playing field it (the unit of value) becomes a game like any other. Upvotes without monetary value, was that more interesting, more fun? All different tokens have value or not; there are many tokens to represent all kinds of things. If people want it, it will be built.