Oh gosh. semantics! Please read something specific about that fedcoin: Section 4. Proof-of-Work: “The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted... Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it.” It is quitessencially PoW where that statement 1 CPU = 1 vote originated on the foundational white paper (CPU mining). At that time there was no way for Kleiman (satoshi) to imagine that ASIC would one day be used to subvert his NSa-funded coin. Monero fixed that. Up to this day remains 1 CPU = 1 VOTE there. No excuses. No semantics. No ASIC.