And FWIW, there is not more "built-in" demand for another alternate currency. If anything, only being able to use them in a DNS setting makes them a less viable competitor to Bitcoin.
Alternate currency? BitDNS is not a competitor to bitcoin, it's [edit] supposed to serve the purpose of domain registration.
But there will be some reward for generating in the bitDNS chain, right? And that reward will be transferable? And used for fees? Maybe I'm confused, but that sounds like a good money.
I'm pretty conflicted on whether new apps should attach to the chain or start a new one. I know the security benefits of having only one chain. But doesn't it seem silly for the first bitDNS users to need the whole list of previous bitcoin transactions? And then both chains will grow faster than otherwise. It just doesn't seems optimal for every app to need all the data from every other app in order to work.
Reality is though that if a few people think it's good to put the data in there then they are going to do it. If this is a problem for bitcoin then it is a problem with how bitcoin works. We can't just trust that people won't use something that would be useful to them for all time because it wasn't the original intent.
I fully realize that I may be making a bad assumption about the viability of using the current chain as a DNS, I'd love to hear why it can't work or wouldn't be the most efficient way, an explanation that completely ignores any harm to bitcoin.