David Manheim - @davidmanheim@techpolicy.social@davidmanheim·Oct 27, 2016You know that thing where everyone knows something bad will happen, but then acts surprised when it does? Yeah. via @kristovatlasQuote TweetAntoine Le Calvez@khannib·Oct 27, 2016We've just hit peak Bitcoin capacity. http://p2sh.info/dashboard/db/blocksize-debate?from=now-1y&yo=now…22
Venkatesh Rao@vgrReplying to @davidmanheimwhat happened and why is it bad?2:36 PM · Oct 27, 20161 Like
David Manheim - @davidmanheim@techpolicy.social@davidmanheim·Oct 27, 2016Replying to @vgrWhen bitcoin blocks are full, #bitcoin doesn't have room for transactions. Then transaction costs shoot up; it's now about $0.50/tx!12
Venkatesh Rao@vgr·Oct 27, 2016Replying to @davidmanheimhuh...then doesn't a new block just start? Or 10min solve time fall from lowered hash difficulty?1