I'm not discounting whales, or their role in the network. He said he respected it and it is legitimate. What I think is that we shouldn't depend on them. Hence the need for more people, more flow, on the network. In my opinion.
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I'm not saying you shouldn't discount all the whales, like there surely may be some that aren't helping the distribution of Hive to deserving authors but instead spend most of their voting power on a few favorites through autovotes which I'm personally not a fan of. But hive accounts come in all sizes, there may be some orca's who only look out for a few accounts when they could be helping smaller users grow as well. You also gotta remember that at prices of Hive like this the whales are the ones that are at a bigger loss than most, yet they stay here.