.SBF_FTX believes that Bitcoin will not be used as a means of payment
on Bitcoin during his recent interview with the Financial Times, claiming that the world's first and largest cryptocurrency has"no future" as a means of payment due to a lack of scaling and significant power consumption.
Bankman-Fried believes that Bitcoin will serve as a store of value in the future, competing with gold. The second richest cryptocurrency mogul touted proof-of-stake blockchains as a better alternative to Bitcoin as far as payments are concerned. Earlier this year, Ripple co-founder Chris Larsen joined forces with Greenpeace and other organizations to promote Bitcoin's highly unlikely switch to the more efficient consensus mechanism.
The Bitcoin mining industry has long been the nemesis of environmental activists. After the recent bull run, its energy needs have already eclipsed such major countries as Sweden due to growing hashrate and mining difficulty.Earlier this year, the European Union attempted to impose a de facto ban on Bitcoin mining, but the initiative failed to gain enough votes in Parliament.
In January, Bank of America said that Solana, which prioritizes high scalability over decentralization, may end up becoming a Visa-like giant within the cryptocurrency sector due to its ability to process huge volumes of transactions at a relatively low cost.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
FTX's billionaire chief says bitcoin has no future as a payments network- FTCryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported on Monday.
Les mer »
Jack Dorsey Names Reason for Next Bitcoin Price SurgeFormer Twitter CEO says he does not watch the current Bitcoin price fall, here’s why
Les mer »
‘Bitcoin fixes’ inflation and government control over people’s wealth says ‘The Bitcoin Standard’ authorWith the present global market instability, the notion that Bitcoin (BTC) is a safe haven against inflation has been called... Continue reading
Les mer »
Onchain Analysis Report Says Terra's Bitcoin Reserves Were Sent to Binance and Gemini – Bitcoin NewsAfter the Terra fallout, a great number of people on forums and social media asked the question: “Where is LFG’s Bitcoin reserve?'
Les mer »
Joe Alwyn Reveals How Taylor Swift Feels About His Racy Scenes in ‘Conversations With Friends’Joe Alwyn revealed how TaylorSwift feels about his racy scenes in ConvesationsWithFriends
Les mer »
What Doctor Strange 2’s multitude of cameos could mean for the MCU’s futureDoctor Strange 2’s multiverse of cameos may be setting up a very secretive war
Les mer »