Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
jgarzik
on 22/03/2014, 14:43:51 UTC
[...]
It will be much easier if you can freely use all the space you need without worrying about paying fees for expensive space in Bitcoin's chain.
[...]
The core devs' views seem at odds with the founder's — Opposite ends of the spectrum even. Not only was Satoshi advocating the use of Bitcoin's blockchain to store data, he wanted it cheaper! How about them apples ?

(Quote in reference to BitDNS.)

Re-read the quoted post...  "Right, the exchange rate between domains and bitcoins would float. ... A longer interval than 10 minutes would be appropriate for BitDNS."

That implies a separate chain, a la namecoin, because "longer..than 10 minutes" would be a hard-fork protocol change for bitcoin.  And then of course

"It will be much easier if you can freely use all the space you need without worrying about paying fees for expensive space in Bitcoin's chain"

Which is clearly referring to using space not in Bitcoin's chain.