FTX CEO sees no future in Bitcoin payments, community fires back By Cointelegraph
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FTX CEO sees no future in Bitcoin payments, community fires back Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of (BTC) as a payment network, only to meet heavy backlash from the crypto community.
During an interview with the Financial Times, Bankman-Fried fueled environmental concerns associated with the Bitcoin network’s mining consensus, proof-of-work (PoW), and claimed it’s not scalable enough to accommodate millions of transactions.
Continue Reading on Coin Telegraph
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FTX CEO sees no future in Bitcoin payments, community fires back Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of (BTC) as a payment network, only to meet heavy backlash from the crypto community.
During an interview with the Financial Times, Bankman-Fried fueled environmental concerns associated with the Bitcoin network’s mining consensus, proof-of-work (PoW), and claimed it’s not scalable enough to accommodate millions of transactions.
Continue Reading on Coin Telegraph
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