>"Decentralization" is a popular buzzword these days, but how about
stating the problem description in a way that is more precise and
accurate? One of Bitcoin's differentiating properties is that it
prevents double spending without using a trusted third party.
I have been researching how it can be defined and measured (at least up
to a certain point). Here is a paper on measuring decentralization of
government functions:
http://www.sscnet.ucla.edu/polisci/faculty/treisman/Papers/defin.pdf.
Not exactly the same thing as being discussed here but the paper gives a
framework of how decentralization metrics could be defined in a somewhat
standard way.
Russ
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