Cryptocurrencies advertise themselves as democratic, but in reality they're only as democratic as a corporate shareholder vote. Only those with shares can vote, and more shares = more votes.

You may view state control on economic activity as authoritarian, but that's a pretty extreme view. I personally think that a democratically elected government should be able to control the economy when necessary, even if I don't always agree on how that control is applied. Otherwise, power will inevitably accumulate in increasingly large corporations, to the detriment of everyone else.