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So the initiator's job is really just to start and end transactions, and *suggest* a clock rate. That's why it's a fitting term, because it really just starts the conversation but doesn't have that much control.
And of course with multi-master devices can switch roles. I've even seen a device use an I²C bus as a broadcast packet network.
It makes a lot of sense from this point of view. Seems like the best term, indeed.
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