FTX's billionaire chief says bitcoin has no future as a payments network - Geo News

Alternative to the system is called proof of stake network, where participants can buy tokens that allow them to join network

• Bitcoin touches its lowest since December 2020 last week after collapse of TerraUSD, a so-called stablecoin.
• Cryptocurrency exchange FTX's founder criticises bitcoin for its inefficie… [+1367 chars]
  full article...