Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: fitload on July 11, 2018, 04:57:53 PM
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The CEO of Binance is pushing back against Ethereum creator Vitalik Buterin’s recent comments on centralized exchanges.
Ethereum founder Vitalik Buterin attacked the issue of centralized exchanges by stating that “I definitely hope centralized exchanges go burn in hell as much as possible”. Buterin’s comments caught the attention of Binance CEO Changpeng “CZ” Zhao who responds to Buterin on Twitter.
“Let’s not wish others to ‘burn in hell’. Let’s have a bigger heart, and appreciate the fact that we are all part of an eco-system, not independent projects,” Zhao announced.
CZ continues to reiterate that without centralization, all coins would have less liquidity, the industry would be smaller and the industry would develop slower.
Probably all by more than 10x. Just because someone else is doing the lowly grunt work, doesn’t make them dirty.”
“Don’t get me wrong, I am all for blockchain/decentralization/freedom. But I would not wish ‘burn in hell’ on anyone or anything. That’s just not a nice thing to say, even if it was said by Vitalik. I didn’t bother asking him yet, I assume he just meant he didn’t like centralization, which is fine.”
Read More: https://news.bitzamp.com/binance-ceo-fires-back-at-vitalik-buterins-burn-in-hell-comment/ (https://news.bitzamp.com/binance-ceo-fires-back-at-vitalik-buterins-burn-in-hell-comment/)
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There's no real way to avoid exchanges though, I don't know what he expects to happen.
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I would love decentralized exchanges. CEX is not a good thing for us. Future is DEX, and will happen in 2019.