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Title: Can the blockchain be a cryptographic rosetta stone for other data? Post by: snakus44 on February 18, 2014, 11:26:54 AM Since every wallet software has to know the block chain, can it be used as a universal reference for uncoding other information? For example, i have an mp3 that i want to send someone. Instead of sending them an attachment in an email, I send them an even shorter amount of data which goes into a app which uses values in the blockchain to extract the orginal information.
I'd love to learn that bitcoin transactions themselves could be used as automated data transfers. So that when a recording artist gets a satoshi(or whatever they see reasonable) sent to specific wallet address, the sender automatically gets to play their song, video, 3d print their vinyl, teleport them thru a usb to perform in their living room. No 3rd party involvement. Sure would solve ASCAP and BMI's problems with pandora. |