Blockchain’s youngest billionaire roasts world’s biggest cryptocurrency

30-year-old crypto billionaire Sam Bankman-Fried took aim at Bitcoin, the world’s largest cryptocurrency, saying it has no future as a payments network in an interview with the Financial Times today. Bankman-Fried is CEO and co-founder of FTX, the second-most popular digital asset exchange by trading volume, according to CoinMarketCap.
“The bitcoin network is not a payments network and it is not a scaling network,” Bankman-Fried said, arguing that the underlying proof-of-work system the Bitcoin network uses to verify transactions is incapable of scaling efficiently enough to keep pace wi

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