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06:51 < Taek> aj: the idea is that you don't have to show what's in your mempool unless it's selected to be in the block
06:51 < Taek> Only selected transactions get confirmed
06:52 < Taek> Don't need a Merkle tree either - just a list of txns by hash, their size, and their fee value
06:53 < Taek> Based on the hash of the block, you must include whatever subset of txns are being confirmed
06:54 < Taek> It's still a lot of metadata though, maybe there's a better way to compress it
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10:44 < maaku> Taek: you should talk to gmaxwell
10:45 < maaku> he presented basically exactly that idea to a few people a while back, but I don't know if he's written publicly on it
10:45 < maaku> so congrats on scooping him, and also he might have some extensions or details beyond what you've worked out
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10:46 < maaku> it seems reasonable to me, and I'll also note that a compact blocks-like protocol would let you elide most of the merkle branches not taken
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14:46 < Taek> "gmaxwell did it" is Bitcoin's "Simpson's did it". Lol
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14:47 < Taek> At this point I'm not too optimistic about where it's going, would be very interested if gmaxwell got further
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14:51 < rusty> Taek: gmax was interested in it as proof of fee pressure to drive blocksize cap heuristics.  It's an interesting new class of solutions for that problem I think.
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