Bitcoin will not be a global payments network, says SBF

“LFG confirmed BTC sale” tweet of the day.

@LFG_org just confirmed that they sold 80k $BTC.

Long story short,
🤦 Seller: @LFG_org
🙌 Buyer: Institutions, mostly from @coinbase pic.twitter.com/7QHOZruOMe
— Ki Young Ju (@ki_young_ju) May 16, 2022

“Digital Euro incoming?” thread of the day.

🧵 A digital euro will allow public money to continue to anchor the stability of the payments system and contribute to its efficiency, says Executive Board member Fabio Panetta at National College of Ireland @NCIRL https://t.co/IHKiTMZ1Je

1/5 pic.twitter.com/MhyEf7KH6t
— European Central Bank (@ecb) May 16, 2022

“Vitalik calling to help the small investors first” tweet of the day.

Strongly support this. Coordinated sympathy and relief for the average UST smallholder who got told something dumb about "20% interest rates on the US dollar" by an influencer, personal responsibility and SFYL for the wealthy. https://t.co/YfNlpvAizg
— vitalik.eth (@VitalikButerin) May 14, 2022

“Crabada launch” tweet of the day.

📢Dear Crabadians!

Today marks a new era in the age of Crab-kind!

BATTLE GAME LAUNCH TIME ANNOUNCEMENT🚀
15 May, 11:00 PM UTC!🦀⚔️

Platforms available at launch 🎮
🔹Android
🔹Windows
🔹MacOS
(iOS is currently pending review and TBC)

ARE YOU READY FOR BATTLE!🦀⚔️✨ pic.twitter.com/0RjI9ZeIXa
— Crabada (🦀,🦀) 🔺 (@PlayCrabada) May 15, 2022

“More ETH” tweet of the day.

14 reasons you don’t own enough Ethereum

A thread by🧁…
— pastry (@PastryEth) May 14, 2022

“Bitcoin won’t be a payments network” tweet of the day.

Bitcoin has no future as a payments network, says FTX chief – Financial Timeshttps://t.co/qdvPfR1byc
— *Walter Bloomberg (@DeItaone) May 16, 2022

“But as store of value” follow-up tweet of the day.

To be clear I also said that it _does_ have potential as a store of value.

The BTC network can't sustain thousands/millions of TPS, although BTC can be xfered on lightning/L2s/etc. https://t.co/7ghQzz7eXa
— SBF (@SBF_FTX) May 16, 2022

“The Great Web2 -> Web3 migration 2022” tweet of the day.

https://twitter.com/matthuang/status/1525871531070435328?s=21&t=s1NMC0VY-AnqOayFRIKh_A

Tags: MARKETS