tl;dr version: no, it's not good to have a torrent of the blockchain, because it leads to centralization (who to trust for the torrent?). Also, blockchain is updated regularly, so the torrent will have to be changed quite often, which causes it to loose all seeders.
In fairness, he said "torrent like".
My understanding is that the default client downloads everything from 1 other client.
A better (torrent-like) process would be something like
Download header chainGet 100 header hashes from each other node you are connected to
- You need to do this in order
-- ask first node for 100 hashes starting at block 0
-- ask second node for 100 nodes starting at 100 (you need to send the hash for 99)
-- ask next for 100 more etc
When you have a set of 100 header hashes from a node, you can then ask the node to send you the block headers in full.
When downloading the 100, you can verify that they make up a chain.
The result is that you get lots of 100 length sub-chains.
You then have to merge them and make sure they form a chain too.
When a node has sent you the 100 block headers, you can ask it for another 100.
This gets you all the block headers
Download blocksNext you need to download the blocks. Again, ask each other node for blocks in groups of 100.
When a block is received, you can check that it matches the header for that block.
Verify blocksOnce you have all blocks that occur before a given set of 100 blocks, you can then add them to the verified set. This requires checking all the encryption.
This is apparently, the big processing bottleneck.