What about a catastrophic event that wipes out millions of nodes

It is the contrary: the replication factor is going from 8 to 4.

Here are some links about current value:

and some links about its future decrease:

I completely agree with you, when you say that 4 copies are insufficient for a secure system.

My other issue is that the replication factor should be an independent parameter. If tests or simulations show that this parameter should be increased, this can be done without impacting anything else (like the number of elders in section).

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