“Bitcoin’s nightmare scenario has come to pass”

This week the dire predictions came to pass, as the network reached its capacity, causing transactions around the world to be massively delayed, and in some cases to fail completely. The average time to confirm a transaction has ballooned from 10 minutes to 43 minutes. Users are left confused and shops that once accepted Bitcoin are dropping out.

The Verge: Bitcoin’s nightmare scenario has come to pass »

Author: HAX

Henrik “HAX” Alexandersson is a Swedish writer, thinker and political evangelist. Between 2009 and 2014 he worked in the European Parliament for the Swedish Pirate Party.

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