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The difference is Linus won't take your arbitrary data and persist it in the kernel's history and Bitcoin will for a small amount of money. This makes some inte
by hdhzy 9y ago
The difference is Linus won't take your arbitrary data and persist it in the kernel's history and Bitcoin will for a small amount of money. This makes some interesting schemes possible to implement: timestamping, proof-of-existence and similar services. For example Keybase.io uses Bitcoin like that to prove that are not messing with people's data [0]. Another interesting use is creating virtual tokens via Counter Party [1].
If you don't want to pay you also "abuse" Certificate Transparency logs to do basically the same job, just like Mozilla with their Binary Transparency [2].
[0]: https://keybase.io/docs/server_security/merkle_root_in_bitcoin_blockchain https://keybase.io/docs/server_security/merkle_root_in_bitco...
[1]: https://counterparty.io/ https://counterparty.io/
[2]: https://wiki.mozilla.org/Security/Binary_Transparency https://wiki.mozilla.org/Security/Binary_Transparency