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by dreit1
3095 days ago
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I don't think that we will be able to convince each other. If you think that everyone needing to run a validating node in a blockchain ecosystem to be decentralized, then NEO certainly won't fit your criteria. I don't subscribe to this definition of decentralization |
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I'll add however that "everyone running a validating node" is not my definition of decentralization. Needing to 1. identify oneself to the NEO Council, 2. be a legal entity and 3. get approval from the NEO Council, to run a fully validating node, is not decentralization according to any meaningful definition of the term.
If federations of trusted third parties are decentralized, then corporations with multiple shareholders are decentralized. Even the Federal Reserve, with its regional banks voted in by the member banks of each respective district, is decentralized, by this loose definition.