A masternode is sold to the public as a decentralized node that anyone can run.
To me specifically, it means it's a centralized node (one of many), operated by someone who you do not know, that is trusted with your coin transactions to offer pseudo-privacy to them.
It can be considered a centralized transactional network in my books, and one that I do not find to be truly decentralized.
If you have money, you can buy your right to run a masternode.
If you have money, or resources, you can attack or hack a masternode.
Masternodes can be targets. A truly decentralized coin has no specific targets, because there are two many nodes.
Anyway you asked, and I thought I'd share some food for thought.
If you have money, you can run a masternode - true. You can easily take out 1 masternode, but if enough people run one (pivx has over 2k, crw over 600) then I would imagine that it would be hard to take out the network. To me, it is a way to get more decentralized. You might have a great techinical understanding of what I am saying, so please help me understand, I am trying to educate myself!
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Please provide links for these numbers...
Often I hear things like "26 masternodes" or "16 masternodes" not the thousands you're talking about..
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Currently PIVX has 1900, not over 2k, but that number changes often.
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http://178.254.23.111/~pub/DN/DN_Info.html
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Oh sure... here are the links for PIVX and CRW:
http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html
https://stats.crowncentral.net/ (scroll down to the market statistics)
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