Travelbybit to Drop Bitcoin Payments After Viral Double Spend Video

On December 18, Bitcoinbch.com published a video explaining how easy it is to double spend BTC transactions in the wild. Not long after the film was released, the payment processor Travelbybit announced it would be removing both BTC and BCH payments for over 400 Australian merchants. Unfortunately, a few BTC proponents claimed BCH has the same issues, despite the fact the Bitcoin Cash network doesn’t use the Replace-by-Fee (RBF) protocol.

Also read: Video Shows How Easy It Is to Double Spend BTC Using RBF

Double Spend Video Invokes Replace-by-Fee Debate

Just recently, Bitcoinbch.com CEO Hayden Otto published a video that shows how easy it is to double spend BTC with a basic wallet that leverages RBF. The protocol called Replace-by-Fee (RBF) is a controversial implementation that allows a user to replace a transaction with another transaction. RBF invoked a debate the day it was introduced, because bitcoin transactions are meant to be irreversible….