If this is sincerely your actual, real experience with Bluesky then you use it in a very different way from all the people who are happy with it.
I can't speak to any secret motivations but it seems like the folks running it care about making a nice place for people to hang out. We've seen how a desire to not be evil can clash with a desire to make money, but I remain optimistic.
This is actually what I didn't like about bsky. I don't want the developer of software to inject their personal social biases into the platform, and thought one of the main points of decentralization was to mitigate this.