Comment by uremog

And the relevant text: "In the current implementation, trusted 'validator nodes' are core to the security model. This means that hard power is centralised around these few entities. The protocol itself depends on these entities to (as the name suggests) validate the protocol. This means the protocol is whatever they decide it is. These entities can change the rules whenever they want. This means they can freeze your coins, take your coins, issue new coins, or really whatever they want - the sky is the limit."