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That's exactly the rub, proving that this is fraud, or creating new legislation that make it fraud, is very difficult. I hope you at least agree that they do n
by henrikschroder 17y ago
That's exactly the rub, proving that this is fraud, or creating new legislation that make it fraud, is very difficult.
I hope you at least agree that they do not provide a service of any kind? They grab a limited resource and resell it, while adding no value whatsoever. They just grab it first and capitalize on the difference between the long-term and short-term best market prices for tickets.
I'd say the best solution to the problem is simply to take the thing partially offline again. Botnets can always out-crowd users, but you can't outcrowd actual people.
- mainland 17y agoOK, I'm being tongue-in-cheek here, but aren't they providing value by making the market more efficient? ;) That is, they're providing a service to the music industry and the artists it represents by enabling ticket prices to reflect their true value rather than some artificially-capped value. I don't really believe this of course, but from a 10,000 ft view, it's not such a different argument from the one hedge fund folks would make to justify the "value" they create. Yes, I realize the two situations are different, but there's still a point to be made somewhere in there.
- ca98am79 17y agoIf their customers are not satisfied, it is a problem for the online ticket sellers, and at least one service the Wiseguys are providing is that the ticket sellers must keep innovating to figure out a better way to serve their customers. Why don't the ticket sellers just eliminate the middle-men (the Wiseguys) and just do what they are doing?