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It doesn't sound central currently, but only because there are many Masternode owners, each owning relatively few Masternodes. The worry in the future is if only a handful of Masternode owners end up controlling all Masternodes. As a digital currency, I presume geographical location would be...

Ok, but price can be manipulated to some extent, especially with the budgets available to the "bad actors" given in the example. I suppose the underlying issue is with the concept of decentralization in Dash - what is the difference between Masternode owners and a Central Bank? If decisions...

What is to stop the NSA, FBI, any central government or bad actors buying up loads of Masternodes? The fact that Masternode owners control the direction of the Dash project weakens the decentralization aspect of the currency in my opinion.