Vitalik Buterin Co-founder of Ethereum (ETH) criticized centralized exchanges, saying that he hopes they will “burn in hell,” in an interview with a TechCrunch journalist Jon Evans, July 6.The creator of Ethereum criticized centralized platforms for having the ability to decide which cryptocurrencies “become big.” According to Buterin, they do this by charging “these crazy ten to fifteen million dollar listing fees.” He then added that further decentralization would better satisfy the “blockchain values” of “openness and transparency.”In the interview, Buterin cited one example to demonstrate the advantages of the current decentralization of Ethereum: “if someone puts a gun to [his] head and tells [him] to write a hard fork patch,” he would definitely do so. However, “relatively few” users would then download and run the update, and that, according to Buterin, “is called decentralization.”Government should realize that cryptos are decentralized and they cannot control it .
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Some centralized exchanges still develop decentralized apps, such as bitfinex.
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