Don't see why not.
Also judging by your blog you might like something like
PROMPT_COMMAND="${PROMPT_COMMAND:+$PROMPT_COMMAND ; }"'echo $$ $USER \
"$(pwd) $(history 1)" >> ~/.bash_eternal_history'
in your .bashrc, so that you don't have to abuse the bash-history for keeping a lifetime of commands around.Also, in the blog post I linked to the link you mention.
Yeah, I now noticed that you already put that link in the blog.