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That's flatly untrue.


How can that be controversial? They all had an ICO to begin with. Some of them have even registered a company or organization to back it up.


The controversy is in the language "started" vs. "run."

Tezos, as an example, is governed by voting and on-chain governance. It isn't "run by a single entity."

Ripple or Tether are, though, sure.


Governance is more than a voting protocol. Tezos is not governed by equal actors.

There is a "Tezos Foundation". They control 30% of all staked XTZ. They checkpoint the blockchain regularly to provide correct history.


It seems to me that admin rights to the bitcoin core github repo count for a lot more than a 30% vote.




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