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According to section 7 of the original bitcoin spec. by Satoshi:

Once the latest transaction in a coin is buried under enough blocks, the spent transactions before it can be discarded to save disk space.

In order to get the bitcoin-qt client running, I am currently downloading the ENTIRE block chain from the https://bitcoin.org/bin/blockchain/bootstrap.dat.torrent

Is there a smaller download somewhere? My google skills are failing me, plz help.

GlassGhost
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    You could use a thin-client like MultiBit which doesn't require the entire blockchain to be downloaded. – Luca Matteis May 03 '14 at 17:18
  • Hi, welcome to the site. Have a look at the question Nate points to, according to the answers given therein the download size would not be reduced, only the storage. – Joe Pineda May 03 '14 at 20:42

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