I only am not able to completely agree on the matter of decentralization, because whales can - and do - collude to elect a slate of consensus witnesses that creates an oligarchy of Hive governance. That may not be all that relevant to your definition of what decentralization is, but it is notable that when @ned sold his stake in Steem, which was a sort of premine and substantial enough to be able to dominate Steem governance unitarily, to Sun Yuchen (Justin Sun) and it was suddenly used to do exactly that despite @ned never having done so, and saying he would not do so, Hive was born and the consensus of witnesses that had run Steem began to run Hive.
If that oligarchy is faced with regulatory action, it can cave just as thoroughly as it forked with consequences just as substantive as forming Hive out of the total centralization of Steem.
FYI
Thanks!
Without the Steemit Inc pre-mine which became the DHF, HIVE actually has excellent token distribution
Distributed enough that the situation you describe with if even a group of 10 faced regulatory action, that it still wouldn't matter.
The community would simply vote them out and the chain would continue as normal.
And remember, the nuclear option of forking is still always there.
If Justin Sun, with his pre-mine head start and all his monetary resources behind him couldn't gain control of the Steem Blockchain, nobody is gaining control of Hive.
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