Ehh kinda... DASH has the issues with its early days that influence my opinion clearly.

The costs with locking up masternode deposits has implications far beyond what you write here. I have detailed elsewhere how this artificially reduces the liquid supply and allows the price to be quickly pumped. The masternode setup is ripe for Sybil attacks. Most nodes are owned by single actors anyways...

The oligarchy and direct democracy comparison does not work in my opinion.

The social experiment between a legitimate project with widespread support and the shakey game theory of DASh sure is interesting.