Only until it fails. I mean look at Solana. Major hype, rocketed into the top 10 and now it is collapsing as the centralized VC funded shitcoin it is amidst the FTX collapse.
SOL gets a lot of hate but its PoH is a real significant improvement over PoS, and scales like crazy. It's not "centralized", anyone can run a node. They're just beefy machines.