Pretty cool that Linus Torvalds invented a completely distributed version control system and 20 years later we all use it to store our code in a single place.
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Everything surrounding code: issues, CICD, etc, is obviously another story. But it's not a story that is answered by distributed git either. (though I would love a good issue tracking system that is done entirely inside git)
That's what Github is though, it's not about the code itself it's about all your project management being on Github, and once you move it, moving out isn't realistic.
It's very silly they have to do this, but at least they can I suppose.