TL;DR: Sam Bankman-Fried said that he doesn’t believe Bitcoin can work as a payments network, criticizing the high energy costs of its proof-of-work algorithm and claiming it can’t sustain millions of transactions per second. He does, however, think that it has potential as a store of value. In a Monday interview, crypto billionaire Sam Bankman-Fried said that he doesn’t see a future for Bitcoin as a payments network. Bankman-Fried is the founder and CEO of FTX, one of the most popular cryptocurrency exchanges in the world. The thirty-year-old billionaire criticized Bitcoin’s underlying proof-of-work system, used to verify transactions, for its […]