Everyone Has This SO WRONG About Bitcoin | Michael Saylor
In an interview with Yahoo! Finance, CEO of Microstrategy, Michael Saylor, discussed numerous topics, including Microstrategy buying Bitcoin’s top forever, the implication of Terra Luna’s meltdown, and Sam Bankman-Fried’s comments about bitcoin having no future as a payments network. Earlier this week in an interview with the Financial Times, Bankman-Fried, Founder and CEO of FTX, stated that he didn’t see Bitcoin as a viable payment option in the future because of its proof-of-work system, which he can’t scale to handle millions of transactions. To quote Bankman-Fried verbatim, he said;
“Things that you’re doing millions of transactions a second with have to be extremely efficient and lightweight, and lower energy cost. Proof-of-stake networks are.”
While many, even Bankman-Fried, view Bitcoin as a store of value, Michael Saylor had a different take on the issue.
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