It is really easy to see that we the token hodlers are caught in the middle of a fight between Godzilla and King Kong. Because PoW is not decentralization!
You keep repeating that, but it is important what is the comparison. Nothing is something without a comparison to how that something is not nothing.
Bitcoin is not competing with perfect. It is competing with the legacy banking/financial infrastructure.
I would say that PoW is not perfect unicorn land decentralization. But that PoW is more decentralized than the existing system.
If it were all that simple and if that statement was true (that PoW is not decentralization) a scaling solution would be forced much faster.