You're right. It's not decentralized for sure. It's controlled by the whales on here. Wonder why it takes 3 months to power down? So if the whales dump you can't get out in time and stuck. Here's one of my blogs that got flagged and hidden from public view by Dan. He's the core developer for Steemit, Bitshares, and now EOS.
https://steemit.com/cryptocurrency/@iheartyou/eos-ico-a-money-grab-scam
That's a valid point.