How does "optimize iPhone storage" in Photos really work?
Apple says that Optimize iPhone storage will replace media files with "device-size" ones while keeping the full sized ones in iCloud. But unsurprisingly they don't really explain anything. Assuming unlimited iCloud storage and a 64GB iPhone. How large (in kb) are these thumbnails? How many can a 64GB iPhone hold? Can these compressed, small media files fill the iPhone storage? What happens then?