The fact that there is a lot of circular voting amoung top witnesses and large stakeholders and that BT's vote is very helpful, but not essential to get into top 20 or get a proposal funded does not mean Hive is not more decentralised than every other blockchain other than Bitcoin.
The mining process of Hive is naturally more decentralized and very independent from the Witnesses. We can create saving, participate in author/curation mining and get staking rewards independent of staking pools.
Every not whale will most likely not care about this issue. Meanwhile the security of wrapped btc on the VSC side is actually getting hardened right now. VSC and Hive are preparing a hardfork enabling big multi signature pools for additional security surrounding the wrapped Coins.
But the raw fact that one and the same stake votes on 30 witnesses in 20+1 witness system is suboptimal - and easy to fix.
VSC and Hive are preparing a hardfork enabling big multi signature pools.
Please do not confuse massive multisigs with Hive consensus. They are two completely separate things.
I really think none outside of our ecosystem understand how the mining processes of this Blockchain work. You can't just look at the witnesses to understand "Who is making money?"