Quote from: aigeezer on October 30, 2015, 02:07:33 PM

Quote from: ddink7 on October 30, 2015, 01:45:24 PM

2) Criticism: Dash's masternodes are centralized.
*Corrective Action: The number of masternodes has increased from 600 to 3300; even a wealthy man like Otoh can't afford anything close to a majority of them.

Nice post (all of it). The highlighted part above has got me thinking... I agree that getting a majority of MNs is now beyond reach of almost every individual bad actor. However, I think it is still trivially within the reach of many medium to large-sized govcorp entities, many of which are starting to acknowledge that crypto exists and are predictably trying to assert control over it in various ways.

If this is true, is there anything that can be done structurally to mitigate the possibility or the perception of the possibility of hegemonic MN control? I realize that growth over time can take care of the issue, but it seems to be a vulnerability now.

This is very true and I replied to somebody the other day about this possibility. Frankly, I'm not sure there is anything that can presently be done (with any crypto or indeed any organization) that could stop a dedicated state actor from doing significant damage. The nearly unlimited resources of a major state actor would be probably be impossible to withstand. However, this transfers to really any organization that the government opposes. Subpoena power, arrest powers, civil forfeiture powers, etc. can all be used to coerce, damage, or destroy nearly any individual or organization.

Even the largest banks in the world can't stand up to the might of the U.S. government. The very large and powerful Swiss bank UBS recently buckled under the weight of threats from the U.S. government, although intervention from Hilary Clinton prevented it from turning into outright capitulation. (At issue was the fact that UBS' wealth management division was withholding information about account holders, despite subpoenas from the IRS. The U.S. was threatening to freeze all the bank's U.S. assets and begin arresting executives who traveled to the U.S. The bank found its position untenable and reached out to Hilary Clinton, then-Secretary of State, and brokered a deal.)