It's like saying Dropbox is just rsync.
I mean... I, for my own needs, which are rather simple, can replace Dropbox with rsync. That's one thing. But yes, it's an entirely different thing to consider you don't need, or worse, could own, such business, on the simple premise you don't need it at your own level. That would be madness to mistake one for the other.
IIRC Dropbox was originally created using librsync
Dropbox has modified it
https://github.com/dropbox/librsync
This is why I prefer open source software. I can modify it
One person can use librsync to create a Dropbox company. Another person can use librsync for noncommercial purposes, e.g., to transfer and sync their own files
Either way, it's librsync