I'm glad the magnitude stake weight was removed and I don't want to see it come back in any form. Central third-party projects should not have any say in securing the blockchain.
One or more rouge admins should not be able to influence the security of the chain.
They would never have 51%. Currently the large investors who pop online every month do, however, have that power. Look at the block explorer when PhilD comes online - 10, sometimes 15 blocks in a row.
Even so. I still don't think it's a good idea to introduce mechanisms that can be changed by malicious users into the security mechanism. What happens if there is a fault in the PHP code of the website and all project servers are hacked into at the same time?
Very good point - that would give the hacker full control of payout and significant control of what wallets mint blocks.