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It's not decentralized if one organization owns 52% of it.

• vernon99 9y ago
  Not necessarily. This is actually orthogonal to decentralization question. Very much depends on their proof of stake implementation.
  • edraferi 9y ago
    I agree. It's more like they're retaining control of the money supply like a central bank does. It give you the power to indirectly influence the price / exchange rate of the currency, but you're not involved with every transaction.
    • hndamien 9y ago
      Except that you are with Proof of Stake.
  • maksimum 9y ago
    > Very much depends on their proof of stake implementation Exactly, if someone with >50% power can essentially double spend it makes the currency as a whole almost worthless. As a result it's very much in the creator's interest to either not have >50% or to come up with a distributed consensus algorithm where a majority party can't double spend (very hard).