Post
Topic
Board Altcoin Discussion
Re: Namecoin was stillborn, I had to switch off life-support
by
eldentyrell
on 15/10/2013, 14:01:02 UTC
DNS does not require its own currency.

No, but it does require a serialization mechanism whose developers aren't actively hostile to it being used for information storage.

In other words, you can't use the bitcoin blockchain for this.

So if it isn't its own currency (and therefore pays no block reward) and you can't substitute the BTC blockchain, why should miners waste computing power on it?