Vending Machines in Hong Kong drop support for Bitcoin
Vending machines in Hong Kong support Litecoin, Bitcoin Cash, Ethereum and Binance coin.
Why do these HK vending machines accept #BitcoinCash and #Ethereum but not #Bitcoin? pic.twitter.com/NosqL8ZVgP
— Roger Ver (@rogerkver) May 29, 2020
You can use these vending machines to buy all sorts of items including masks to cover your face. However, number one cryptocurrency, Bitcoin is absent from this list. Roger Ver, owner of Bitcoin.com and founder of Bitcoin Cash has posted a video on twitter about it where he explains that since Bitcoin transactions can be over written by replace-by-fee hack, vending machines have dropped support for it.
So you can use many top cryptocurrencies at these vending machines in Hong Kong but no Bitcoin.
Because its old dinosaur tech that is slow which costs too much per transaction. The machine company would be due the customer money by the end of it 🤣
— ecossexrp1 Ⓥ (@ecossexrp1) May 29, 2020
Bitcoin maximalists and die hard supporters were not much impressed. Some said Bitcoin has achieved store of value status and is not meant to be spent like this.
Bitcoin ís the first coin, but not a cheap and fast one. One day we will put it in a digital museum. Let advanced blockchain takes over for the benefit of mankind.
— NAD (@NAD52879331) May 29, 2020
Some said that vending machines can make use Bitcoin lightning network for fast transactions. Reality is that Bitcoin lightning network is prone to high failure and isn’t widely accepted. It is complex to setup and requires specialized wallets as well.
Because they don’t know how to implement bitcoin lightning payment which is faster, cheaper, safe,future-proof and don’t depend on Zero conformation.#Bitcoin #LightningNetwork
— yilak.b (@yilakb) May 29, 2020