[Bitcoin-development] Removing transaction data from blocks

2015-05-08 Thread Arne Brutschy
Hello, At DevCore London, Gavin mentioned the idea that we could get rid of sending full blocks. Instead, newly minted blocks would only be distributed as block headers plus all hashes of the transactions included in the block. The assumption would be that nodes have already the majority of

Re: [Bitcoin-development] bits: Unit of account

2014-04-20 Thread Arne Brutschy
Hello, While SI units are great for people well versed in them, there is a very good reason people aren't asking for 100 micro dollars in change. The average person is not going to be confident that the prefix they are using is the correct one, people WILL send 1000x more or less than