Making Sense: Is There Politics to This Congestion or Just Tether Leeching ETH?

peter pratscher ethermine bitfly 1

It has been quite some time since we heard complains of transactions not making it into blocks in any blockchain. Their sudden appearance does give some a warmy fuzzy feeling of 2015-16. Even the Blockstream employees couldn’t help it: Yet what happened, why now, what are the considerations and what is the potential temporary solution to the never ending blocksize matter. Politics, What Politics? When airdrops clogged eth for a day or two, everyone knew it was temporary – as in some weeks of one after the other doing it. Now, however, it’s Tether , and that is unlikely to be temporary. They are handling incredible volumes of 100,000 on-chain transactions within just the past seven hours. So adding pressure with a backlog of 100,000 transactions created. That spike in demand for the movement of tokenized dollars messes up gas/fee calculations as the cost of inclusion suddenly becomes outdated. There…

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