Masternode holders are the ones who have invested the most, and who also have the most to lose. I think it makes perfect sense the have masternode holder voting.
If you think that is "centralised", then crypto itself is pretty centralised. Large holders can influence the price a lot more than small ones...
Well, maybe people think that because it is centralized, with a z.
I'm not sure who are you trying to sell that smoke to, as if all crypto were based off PoS and Masternodes.
PoS is even more centralized as BTC core and cash with Bitmain level of huge ASIC farms, every bit like it, only PoW is more secure than PoS, and at the same time masternodes are every bit like a pyramid scheme, interesting that while a coin like ETH hasn't found the way to make a move towards a fair PoS scheme, DMD has both PoS and Masternodes. But yeah, you just keep selling that smoke.
How is PoS more centralized than PoW mining cartel? Explain please... Any investor who has a PoS coin can stake, even from 0.01, while to get a mining rig you need much more money and mostly rich people have them... So staking can be done on any laptop or PC or even cheapest hardware like Rasbbery Pi, so it is spreaded accross globe. While mining is done by high end individuals and companies in one selected place, where electricity is cheap... You will not find a mining farm in a place with el. cost of 0.2 per kw/h, while you will find plenty of staking in that area... Not to mention PoS is not consuming electricity as mining is and it is better for the enviroment...
So again explain your theory to me, how is PoS more centralized...