12 ms·
> [..] but they are logically centralized (there is one commonly agreed state and the system behaves like a single computer)" That's just a protocol. He uses t
by runeks 9y ago
> [..] but they are logically centralized (there is one commonly agreed state and the system behaves like a single computer)"
That's just a protocol. He uses the term "logic centralization" to describe the fact that we agree on a protocol. Bitcoin, and any other protocol, doesn't exist in spite of "logical centralization", it exists because of it, since that's what a protocol is (if you want to use that term).