Only in Proof of Stake. This is wby Proof of Work is still considered the most secure against centralization.
> Otherwise, power will inevitably accumulate in increasingly large corporations, to the detriment of everyone else.
Pot --- kettle.
How then, if democracy and state authority can check the concentration of power, did we end up here?
A PoS crypto only works if there is an initial pre-sale (many of the ICO cryptos), or starting with a PoW period (like Ethereum did, there was also an ICO) and then moving to PoS.
Without one (or both) of the above the tokens at stake are worth nothing
If we can get back to democracy and genuine state authority, as opposed to increasingly-gerrymandered districts, voter suppression, and "state authority only when it suits the moneyed interests," which is more or less what we have now, then we'll be in much better shape overall.