This is all or nothing thinking. We could design centralized protocols that have, for example, voting. We could design centralized protocols that call together digital juries[1].
Yes there may be powerhungry mods at the very top. They might be able to throw the votes or what not. Abuse is possible on centralized systems. But there's so vastly much we could be trying, could be doing, to alter the gerontocratic imbalance of power, even on centralized systems.