Exactly this (that people want it at least - I don't think that means it needs to exist). And I think there would be a lot less frustration in the discourse of ActivityPub vs. ATproto, if we could collectively agree that you can't get this in a decentralized system. In a dense network, the number of edges scales with the square of the number of nodes. It's just not feasible to have a network that is both dense and has a large number of nodes.
I think "I prioritize virality, recommendation engines and network density, thus accept giving control over the network to a centralized and profit-oriented entity" is an entirely reasonable tradeoff to make. I just don't understand why BlueSky users don't seem to accept that it's the tradeoff they are making.