Friday, December 2, 2022

Not even tech nerds believe in bitcoin anymore

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Bitcoin is too inefficient. Not just anyone says that, but one of the biggest tech nerds on the planet, Sam Bankman-Fried (30). He founded the crypto exchange FTX, the world’s third largest crypto trading platform.

“Bitcoin is not a payment network and it is not a scalable network,” says Bankman-Fried in the “Financial Times”. Processing millions of payments reliably, energy-efficiently and within a very short time – the Bitcoin blockchain system is not capable of this.

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