drax:
It turns out that the guy "who claims to know everything", if he said that N2 causes rust and corrosion, doesn't know beans about what he's talking about.
Oxygen, not Nitrogen, is the main cause of "rust" (ferric/ferrous oxide). In fact, if you want to deter, or arrest" the rusting of steel/iron, you use Nitrogen (as a blanket) to displace the 21% of Oxygen in the air atmosphere. I'm not trying to be insulting by stating that this is high school chemistry; rather, I'd like to point out how basic and straight-forward the process of "rusting" and corrosion is: it's the formation of oxides - which starts with the prescence of Oxygen, not Nitrogen (which is basically an inert, non-reactive gas).
There are other processes that contribute to "corrosion" - acids, salts, bases,etc. But the definition of rust is still: the formation of brittle coating on iron when attacked by moist air and composed essentially of hydrated ferric oxide. Oxygen can also react with copper, silver, and other metals to form the corresponding oxides and give different types of "rusts".
Your scenario is that if the N2 reduces (dilutes) the quantity of Oxygen in your submerged tank, any potential rusting will be inhibited - not increased.
I hope this explanation helps you respond to your critic. Nitrogen might react (in rare, special cases) but I doubt it if we are talking about copper/brass electrical contacts or switches.
Art Montemayor
Spring, TX