Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
jgarzik
on 20/03/2014, 02:58:36 UTC
To date, I've not seen a blockchain data dumping scheme that could not be securely replaced with a simple hash.

You don't need to store data in the blockchain.  That is purely intellectual laziness.  Timestamping hash(data) is just as secure, while more efficient.

Furthermore, a secondary chain can be provably pegged to bitcoin: http://sourceforge.net/p/bitcoin/mailman/message/32108143/