The reason that power centralizes is that decentralized powers tend to get outcompeted (in the short run) by centralized powers.
With enough signatures, anyone can be brought to trial. The jury is asked to vote to determine if a person or entity is too powerful or too well known. Also, there should be a wealth limit so if wealth is above a certain high limit (like $100 million; set by a special panel), they are offered to either donate everything above the limit to a UBI fund or they go to a special jail until the amount falls below the limit (evaluated by a special, large, randomly-selected parole board).
I think such system would out-compete centralized systems which do not have such limits as it would be more efficient economically.