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• Fully decentralised: anyone can download the blockchain software on their computer to set up a node that connects with other nodes in the network over the internet. Each node in the network is a "peer" meaning there is no one node or entity in charge of running the network. The network is run by the blockchain software or protocol.
The unfortunate aspect of the facts of the matter when it comes to court is that there is no such thing as a fully decentralised system. The legal definition is provided above. For a system to be fully decentralised, every single node has to be able to be part of the consensus mechanism. In bitcoin, the consensus mechanism is creating blocks. As the consensus mechanism is the creation of blocks only a limited number of nodes can exist. SPV is not a node under the definition. So, no proof of work system can be fully decentralised. The system is not run by the software, that would require that there are no development teams.
So, the problem when this goes to court is that the facts can be argued. And the fact is no blockchain is fully decentralised. More importantly, no proof of work block chain can be fully decentralised.
CSW
Sep 9, 2020
https://metanet-icu.slack.com/archives/C5131HKFX/p1599645881409300
https://www.tgoop.com/CSW_Slack/1946
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