Bitcoin has no future as a payments network, says FTX chief

[Jatiluhung]

maybe i should read this ftx founder chat in full. because lately many media have made fud subtly by cutting the words of pro-bitcoin figures as if they were made antagonists. But so whatever bitcoin is still bitcoin will be much more valuable in the future. Bitcoin can be used as a deposit asset such as gold and of course it can be used as a means of payment like money. that's the current fact about bitcoin. there are countless people who transact with bitcoin and of course there are also many who store it as a valuable asset like gold.

[OgNasty]

I assume that FTX plans to implement some sort of payments program similar to Coinbase to establish themselves as a “payment network” for Bitcoin, so it doesn’t surprise me that he would take that stance. I’m sure he also has plenty of developers aware of the drawbacks of using Bitcoin as a payment network with a substantially higher amount of users. I don’t think this is as controversial a statement as some might think and is instead to be expected from someone in his position.

[ChrisPop]

I think the lightning protocol is the perfect solution for the scalabilty issue. Even if Bitcoin does not get to become a currency used for day-to-day transactions, its existence is justified by being a great candidate for the best store-of-value instrument the humanity has ever had in terms of portability and security.

[Hamphser]

I think the lightning protocol is the perfect solution for the scalabilty issue. Even if Bitcoin does not get to become a currency used for day-to-day transactions, its existence is justified by being a great candidate for the best store-of-value instrument the humanity has ever had in terms of portability and security.

Its ranking do speaks for itself on how bitcoin had been trust up over a decade.It isnt surprising that those no coiners or haters would definitely be targeting about scability issues
that we've been seeing through ages and this one isnt really that surprising.

They could say and talk all they want yet bitcoin was never intended to replace fiat or something like that but rather focusing on that p2p decentralized payment system
which its creator do really talk about.

Expect that there  would really be always those criticisms and negative input and its not something very new and already been anticipated.