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Vitalik Buterin had some choice words for centralized exchanges, according to TechCrunch.
His remarks come as so-called decentralized exchanges gain popularity in the crypto world.
Vitalik - Buterin - Founder - Cryptocurrency - Ethereum
Vitalik Buterin, the 24-year-old founder of the cryptocurrency Ethereum, had some choice words for centralized crypto exchanges.
"I definitely personally hope centralized exchanges burn in **** as much as possible," Buterin said speaking to TechCrunch.
Bitcoin - Cryptocurrency - Satoshi - Nakomoto - Point
When bitcoin, the original cryptocurrency, was founded in 2008 by the anonymous Satoshi Nakomoto, the point was to create a decentralized financial future that renders middlemen useless.
Nearly 10 years later, the centralized exchanges — those folks sitting in the middle of buyers and sellers — are among the most powerful players in the market for digital currencies such as ethereum and bitcoin.
Bloomberg - News - Day - Year - Exchanges
Bloomberg News estimates they brought in $3 million a day last year. And exchanges such as Gemini and Coinbase are expanding at a clip, bringing on talent from Wall Street.
"It's hard to ignore the irony that an asset created to allow decentralization is currently almost completely traded on centralized exchanges," Peter Johnson, a vice president at Jump Ventures,...
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