I see what you mean, and still I like how they set this up. Trust is always an issue. Remember MtGox? Or the more recent hacks of exchanges? CloudCoin has 25 'nodes' controlled by 25 different people, with none of them having any power to change anything. They're clearly serious about building it out further. I like to give them the benefit of doubt and see how they'll address the issues they will face. Trust is one of them.
We all know that the banks we trusted in the past have betrayed everyone with their power of creating money out of nothing. That's why we see all these crypto currencies now. Let's see where it goes. This peaceful revolution has ever more ways. I think that's great. Let the cryptos compete! :-)