Being distributive isn’t a feature for the binary files contents. I don’t want 100 historical versions of a huge game texture, just the latest one. The history is distributed however, so I can see who changed the texture even when disconnected. Centralized binaries like git LFS works like any package/asset manager.

There is no one that would want distributed binaries in git. But people also don’t want to switch from git to something else just because they have a 100GB or 10TB repo. Tooling (build tools, issue management) everywhere has decided that git is all that’s needed.

Not putting binaries in git isn’t a solution at all. Binaries are part of the source in many applications (e.g game assets, web site images...). Distributing every version of every binary to everyone is also not a solution.