Lately, we witnessed an episode of confrontation between supporters of different approaches and views on centralization and decentralization. Ethereum’s co-founder, Vitalik Buterin, in aninterview with TechCrunch, spoke for complete decentralization, saying he hopes centralized exchanges go “burn in hell.” According to him, The Ethereum Foundation tries very hard to be a decentralized organization, but it faced a challenge in a decentralized user authentication implementation. Buterin remarked, that if all user authentication methods wound up, they’d use Coinbase, but they’d prefer not to. In his view, the primary purpose of centralized exchange is to serve as an interface between the fiat world and cryptocurrencies. While it’s still early days for crypto-to-crypto exchanges, generally, he thoroughly disapproves centralization.

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