all the biggest stakeholders are signaling that there isn't a problem
That's not the community. Perhaps note how many users have fled the platform for a more relevant metric. Hive's user retention is amongst the worst in the industry of platforms that have survived as long. The oligarchy that sucks the majority of stake out of the pool is well pleased by it's ROI, but an examination of user retention tells a vastly different story, and it is not the oligarchs that create the content that makes Hive valuable. It is the users that aren't remotely as satisfied as the oligarchs.
Edit:
"...subjective opinion..."
Is the essence of society, of the wisdom of crowds. That is the curation that matters, not that undertaken for financial gain. THAT doesn't reflect the wisdom of the crowd, merely focuses financial resources where they already are unbalanced.