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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 blockchain circles, however it (and especially the inverse "decentralized) has become a weasel word that people use frivolously.

I'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."

"Centralised" is usually used in the blockchain space with the systems theory definition as applied to graphs. Ditto for "decentralised" and "distributed"

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