Yep. I personally prefer the old rainbow flag. Adding those extra colours etc is kind of like: what for? Rainbow already stands for everyone. And it’s not like there are green / blue / orange / indigo people, right? It’s not literal. It already symbolized everything.
Alas, each generation has to express itself as feel right for them. I still use the basic rainbow flag in parades etc.
I hang mine up in my front window during June every year, too.