“There is currently no full node software that by default validates all historical transaction signatures (due to checkpoints.)” - GMaxwell
“There are currently no incentives in Bitcoin to help limit the growth of the UTXO set.” - @pwuille @SFBitcoinDevs
“We could theoretically allow an infinite amount of witness data but we want to set limits proportional to costs.” - @pwuille @SFBitcoinDevs
“Witness data explicitly includes the fee amount. Also includes the block height from which an input is spent.” - @pwuille @SFBitcoinDevs
“Script v0: small redeem scripts are placed in output
Script v1: large redeem scripts are placed in witness”
- @pwuille @SFBitcoinDevs
@mdotfallon @pwuille @SFBitcoinDevs Most major changes would be cleaner with a hard fork (from a code standpoint) but deployment is messier.
“Segregated Witness transactions will still have a signature field, but it will be empty.” - @pwuille @SFBitcoinDevs
“SegWit gives a 60% bandwidth savings for nodes uninterested in sigs (lite clients & historical block downloads)” - @pwuille @SFBitcoinDevs
Finally got to visit @NakamotoStore in San Francisco. Employee tells me most of their foot traffic is for the BTMS. pic.twitter.com/uEFhXKI7ic