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Logically centralized but physically decentralized would be a specification, but his statement is correct. "Centralized" does not have a different meaning in bl
by Legogris 8y ago
Logically centralized but physically decentralized would be a specification, but his statement is correct.
"Centralized" does not have a different meaning in blockchain circles, however it (and especially the inverse "decentralized) has become a weasel word that people use frivolously.
- bitxbitxbitcoin 8y agoI've definitely seen, and been guilty of, using "centralization" as a weasel word in blockchain circles. Agreed this should change. Usually what's meant is "potential for corruption or abuse."
- michaelscott 8y ago"Centralised" is usually used in the blockchain space with the systems theory definition as applied to graphs. Ditto for "decentralised" and "distributed"