Is my understanding of the AT protocol correct if my conclusion is that it's not actually decentralized at all and it's more centralized than things such as email and text messaging?

Even Elon doesn’t understand that the everything app won’t be an app

we’re slowly seeing the impact of being the product There’s too much slop and the antidote to slop is money coming out of your pocket Advertisers and social networks are in for a rude awakening