Bitcoin Not Good For Payments Says Sam Bankman-Fried | CoinMarketCap

The FTX CEO said Bitcoin is not working as a means of payment because of its environmental footprint 🌍 Meanwhile, commentators pointed out that SBF has been unusually critical of the space recently 🤔

. He said that Bitcoin has no future as a payments network due to its inefficiency and high environmental costs. According to SBF, proof-of-stake blockchains are better suited as payment solutions since they are cheaper and less power-hungry.

Commentators were quick to notice that Bankman-Fried has recently been fairly critical of the industry that has made him a billionaire.

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