This is mostly what I think as well. Private companies should be able to censor as they fit. The issue is when they become publishers/editors by saying what is true and what isn't. They shouldn't be allowed to have their cake and eat it too. Either they are a platform where they can moderate posts or they are a publisher who can get sued for what they publish or edit.
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Sites always walk a fine line on some kinds of content. Gore, pornography, and anything else that falls under "NSFW" drives away a lot of potential users. Truly criminal things like child pornography and identity theft need to be curtailed somehow. Steemit/Hive rely on tags, reputation scores, and downvotes to organically moderate a lot, but the recent Steemit censorship campaign focusing on dissenters instead of spammers and plagiarists gaming the system revealed a huge flaw in central control even on our system here.
DPoS = plutocracy, rule by money masters. Who has the money does what they want.