This is a time of debates for and against. A few days ago, FTX CEO Sam Bankman Fried (SBF) told the Financial Times that he doubts Bitcoin’s viability as a payment network. Twitter (NYSE:) founder Jack Dorsey is obviously not pleased with SBF’s recent comments.

SBF criticized Bitcoin’s impact on the environment, and lack of scaling in his interview. SBF, however, was confronted on this issue by Dorsey who questioned SBF about his refusal to acknowledge the lightning networks.

Lightning was not brought up because …?

— jack⚡️ (@jack) May 16, 2022

Lightning network is layer 2 of Bitcoin’s payment protocols. It allows for off-chain transactions and is meant to facilitate faster and cheaper transactions that Bitcoin’s layer 1 cannot handle. Notably, El Salvador’s Chivo Bitcoin wallet leverages this protocol to enable instant and free cross-border payments from the United States. The same layer 2 solution is used by Strike, a Bitcoin payment company.

SBF maintained, in his defence, that he normally talks about lightning when asked. He was also misquoted during the interview. To facilitate trades that are faster and less expensive, he has shown an interest in including the lightning protocol into his exchange.

Sounds right. Will ping developers

— SBF (@SBF_FTX) May 16, 2022

As for Bitcoin’s proof of work (PoW) consensus model, which SBF believes contributes to the network’s inefficiency for transactions, Dorsey opined that mining was the “holy grail” of Bitcoin’s security.

“It’s the simplest and most intuitive,” he said, “and the one that can be most trusted given how decentralized it can be.”

Continue reading on BTC Peers