Imagine that we can combine across blocks (perhaps with some glue data) so that when the outputs are created and destroyed, it is the same as if they never existed. Then, to validate the entire chain, users only need to know when money is entered into the system (new money in each block as in Bitcoin or Monero or peg-ins for sidechains) and final unspent outputs, the rest can be removed and forgotten. Then we can have Confidential Transactions to hide the amounts and OWAS to blur the transaction graph, and use LESS space than Bitcoin to allow users to fully verify the blockchain. And also imagine that we must not pairing-based cryptography or new hypotheses, just regular discrete logarithms signatures like Bitcoin. Here is what I propose. I call my creation Mimblewimble because it is used to prevent the blockchain from talking about all user's information. http://bit.ly/2Hnc5OQ If you learned something valuable, donate Bitcoin to Max: 3DqEnU6dW6bZesrVdThrrQjQKgN7dpY5vv http://bit.ly/2Bw2f72 Support the Show: http://bit.ly/2Cs0862 Support the show by buying bitcoin on http://bit.ly/2CzQJYC Listen to WCN Audio Podcasts: https://apple.co/2hzvsYW Check out the brand new http://bit.ly/1kez5IZ Find out more about Max http://bit.ly/2QNpAvD Follow WCN on Twitter: https://twitter.com/WorldCryptoNet Follow Max on Twitter: https://twitter.com/HillebrandMax Follow Niko on Twitter: https://twitter.com/OmniFinn Follow Rafe on Twitter: https://twitter.com/CryptoRafe Contribute to Max’s Bachelor Thesis on Multi Signature in Lightning Network Payments: http://bit.ly/2FusYVN Bitcoin to the Max: https://youtube.com/playlist?list=PLPj3KCksGbSZtGhC7nIr_Mf1oCeP8U1tV Read Rothbard ~ Use Bitcoin: https://youtube.com/playlist?list=PLPj3KCksGbSafpOorg0NdeVXGIPNqV_8a Open Source Everything: https://youtube.com/playlist?list=PLPj3KCksGbSb1h33FZbsrtr1feIIwTBHt Hackers Congress Paralelni Polis 2018: https://youtube.com/playlist?list=PLPj3KCksGbSY8xt-x-KoDb6L380odP_qu Baltic Honeybadger 2018: https://youtube.com/playlist?list=PLPj3KCksGbSZsgH48ZDxNdzRXbg_pvMnz Nodl Personal Bitcoin Assistant: https://www.youtube.com/playlist?list=PLPj3KCksGbSYvbhhUpIehNqnXFLkz1AD1 Bisq Decentralized Exchange: https://youtube.com/playlist?list=PLPj3KCksGbSZR33X7kJmDMwIEH-wrrpCJ ColdCard Wallet: https://youtube.com/playlist?list=PLPj3KCksGbSZJzC4besvtu8CSroBosrdt Purism: https://youtube.com/playlist?list=PLPj3KCksGbSZm6k6GlJRhY6T7wSvoEWbG Bitcoin Op Tech Newsletter: https://youtube.com/playlist?list=PLPj3KCksGbSY9pV6EI5zkHcut5UTCs1cp What Has Government Done to Our Money? By Murray Rothbard: https://youtube.com/playlist?list=PLPj3KCksGbSbPVUAhYqILAYQ3uUbh2zOu Mises University: https://youtube.com/playlist?list=PLPj3KCksGbSanfYiAp8JSHxIjBm66yPf5 Hayek Summer Workshop: https://youtube.com/playlist?list=PLPj3KCksGbSbx7WQMTJAG6wLd4tK9Llr9
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