6 ms·

Hey, I have a ticket to your favorite band. I’m selling it for $25 and you really want to buy it from me, but you don’t know me - this is our first contact! How

by exdsq 5y ago

Hey, I have a ticket to your favorite band. I’m selling it for $25 and you really want to buy it from me, but you don’t know me - this is our first contact! How do you buy it from me?

deleted 5y ago
[deleted]
GauntletWizard 5y ago
Reputation of the provenance and authenticity of goods is an entirely different problem.
- exdsq 5y ago
  Sure! The tricky bit here, in my mind is: 1. How do you know the ticket is valid? 2a. How do you know I send the ticket after you pay me? 2b. How do I know you send the money after I send the ticket? 3. How do you know I don't send the ticket to someone else too, if it's digital?
  - GauntletWizard 5y ago
    A ticket is valid if and only if it gets you into the concert. You can ask the concert organizers to validate tickets for you. Most concert organizers have concentrated on two sites that allow them to validate tickets. That is why Ticketmaster is valuable, despite its terrible reputation. A cryptographically signed I owe you is and will always be meaningless. What is meaningful is the signature at the end of the chain, when the concert organizer lets you in.
Scarblac 5y ago
The nice thing of selling on concert tickets on a public block chain is that it's public, so those tickets can be invalidated easily. Everybody hates ticket resellers.
eckmLJE 5y ago
In person with cash or stubhub.
- exdsq 5y ago
  Stubhub has a 10% fee for the buyer and a 15% fee for the seller. It also can’t guarantee tickets are valid, they do guarantee a refund to the buyer if they’re false though. This is more expensive and less safe than an NFT ticket.
  - remram 5y ago
    Did anyone actually implement any blockchain-based ticketing? Why do you think the fee collected by a company doing that would be lower than StubHub? Importantly, wouldn't those tokens be... fungible...?
  - duskwuff 5y ago
    And what makes you think that ticket sellers would implement such a system? The pure goodness of their hearts? (My understanding is that NFTs can be constructed to charge a fee on transfers. At least, this is what I've been told by people trying to promote their use for artwork...)
    - exdsq 5y ago
      This would require a smart contract, a react front-end to make the UX a little nicer, and a little maintenance. If I charge $1 fees per ticket tx I'd undercut the market and it wouldn't be that hard.
      - acdha 5y ago
        Do you think Ticketmaster charges so much because their copy of MySQL runs on crushed Ming vases? They charge as much as they do because they have removed a lot of competition from the market (see e.g. jwz - https://www.dnalounge.com/backstage/log/2018/01/31.html https://www.dnalounge.com/backstage/log/2018/01/31.html). There’s no reason why they would implement an NFT where they’d get less money — in fact, they’re the kind of unethical weasels who’d figure out as many ways to hide fees in the smart contracts and play games with the blockchain they use to maximize their take.
peoplefromibiza 5y ago
my story: I was in Barcelona, wanted to go to Primavera Sound to see Pavement, went outside the gates, met a guy who was selling his ticket, gave him the money and BOOM! 5 minutes later I was under the stage.
sprain 5y ago
If you sell it to me as an NFT, how do I know it‘s not a fake NFT ticket or even a fake event? All potential solutions to that question have one thing in common: An event has by definition a centralized entity, which is the organizer. Everything that a blockchain supposedly solves in event ticketing is after all a solution due to digitization, not decentralization.
- 3371 5y ago
  I don't like NFT too but have some knowledge about it. > If you sell it to me as an NFT, how do I know it‘s not a fake NFT ticket or even a fake event? This is actually not a problem at all: - It's not likely you'd buy ticket for some event that you don't know/not interested. - The event official (which you already know) should publish these info for query: - The blockchain - The contract address - The NFT token ID If you bought a proclaimed ticket NFT but it's fake, the only possibility is the official that you trust is a fraud.
  - sprain 5y ago
    Ok, so I‘ll have to check with the event official. How often do you actually know who that really is? Let‘s say Beyoncé is coming to the arena closest to you. Are you aware of who actually organizes that event and is in charge? Ticket buyers most often don‘t know and don‘t care. Plus, if I have to go to the central entity and check all that data, where is the benefit of going decentralized?
    - 3371 5y ago
      Hey, no matter how you buy a ticket, it'd have to be verified by the official eventually. > How often do you actually know who that really is? Let‘s say Beyoncé is coming to the arena closest to you. Interesting, so you are saying either: - Beyoncé official publish nothing about the event - We have no way to look up the ticket info Not likely IMO especially if we are talking stars like Beyoncé. > Plus, if I have to go to the central entity and check all that data, where is the benefit of going decentralized? Well, de-centralization is nothing about convenience, and it's not just about ticket-selling. I totally agree that blockchain & web3 is not mature at all comparing to how it is now, and I don't think it's going to be success unless they find a way to generally interact with real-world technically and legally.

by exdsq 5y ago

Hey, I have a ticket to your favorite band. I’m selling it for $25 and you really want to buy it from me, but you don’t know me - this is our first contact! How do you buy it from me?

deleted 5y ago

[deleted]

GauntletWizard 5y ago

Reputation of the provenance and authenticity of goods is an entirely different problem.

exdsq 5y ago
Sure! The tricky bit here, in my mind is: 1. How do you know the ticket is valid? 2a. How do you know I send the ticket after you pay me? 2b. How do I know you send the money after I send the ticket? 3. How do you know I don't send the ticket to someone else too, if it's digital?
- GauntletWizard 5y ago
  A ticket is valid if and only if it gets you into the concert. You can ask the concert organizers to validate tickets for you. Most concert organizers have concentrated on two sites that allow them to validate tickets. That is why Ticketmaster is valuable, despite its terrible reputation. A cryptographically signed I owe you is and will always be meaningless. What is meaningful is the signature at the end of the chain, when the concert organizer lets you in.

Scarblac 5y ago

The nice thing of selling on concert tickets on a public block chain is that it's public, so those tickets can be invalidated easily. Everybody hates ticket resellers.

eckmLJE 5y ago

In person with cash or stubhub.

exdsq 5y ago
Stubhub has a 10% fee for the buyer and a 15% fee for the seller. It also can’t guarantee tickets are valid, they do guarantee a refund to the buyer if they’re false though. This is more expensive and less safe than an NFT ticket.
- remram 5y ago
  Did anyone actually implement any blockchain-based ticketing? Why do you think the fee collected by a company doing that would be lower than StubHub? Importantly, wouldn't those tokens be... fungible...?
- duskwuff 5y ago
  And what makes you think that ticket sellers would implement such a system? The pure goodness of their hearts? (My understanding is that NFTs can be constructed to charge a fee on transfers. At least, this is what I've been told by people trying to promote their use for artwork...)
  - exdsq 5y ago
    This would require a smart contract, a react front-end to make the UX a little nicer, and a little maintenance. If I charge $1 fees per ticket tx I'd undercut the market and it wouldn't be that hard.
    - acdha 5y ago
      Do you think Ticketmaster charges so much because their copy of MySQL runs on crushed Ming vases? They charge as much as they do because they have removed a lot of competition from the market (see e.g. jwz - https://www.dnalounge.com/backstage/log/2018/01/31.html https://www.dnalounge.com/backstage/log/2018/01/31.html). There’s no reason why they would implement an NFT where they’d get less money — in fact, they’re the kind of unethical weasels who’d figure out as many ways to hide fees in the smart contracts and play games with the blockchain they use to maximize their take.

peoplefromibiza 5y ago

my story: I was in Barcelona, wanted to go to Primavera Sound to see Pavement, went outside the gates, met a guy who was selling his ticket, gave him the money and BOOM! 5 minutes later I was under the stage.

sprain 5y ago

If you sell it to me as an NFT, how do I know it‘s not a fake NFT ticket or even a fake event? All potential solutions to that question have one thing in common: An event has by definition a centralized entity, which is the organizer. Everything that a blockchain supposedly solves in event ticketing is after all a solution due to digitization, not decentralization.

3371 5y ago
I don't like NFT too but have some knowledge about it. > If you sell it to me as an NFT, how do I know it‘s not a fake NFT ticket or even a fake event? This is actually not a problem at all: - It's not likely you'd buy ticket for some event that you don't know/not interested. - The event official (which you already know) should publish these info for query: - The blockchain - The contract address - The NFT token ID If you bought a proclaimed ticket NFT but it's fake, the only possibility is the official that you trust is a fraud.
- sprain 5y ago
  Ok, so I‘ll have to check with the event official. How often do you actually know who that really is? Let‘s say Beyoncé is coming to the arena closest to you. Are you aware of who actually organizes that event and is in charge? Ticket buyers most often don‘t know and don‘t care. Plus, if I have to go to the central entity and check all that data, where is the benefit of going decentralized?
  - 3371 5y ago
    Hey, no matter how you buy a ticket, it'd have to be verified by the official eventually. > How often do you actually know who that really is? Let‘s say Beyoncé is coming to the arena closest to you. Interesting, so you are saying either: - Beyoncé official publish nothing about the event - We have no way to look up the ticket info Not likely IMO especially if we are talking stars like Beyoncé. > Plus, if I have to go to the central entity and check all that data, where is the benefit of going decentralized? Well, de-centralization is nothing about convenience, and it's not just about ticket-selling. I totally agree that blockchain & web3 is not mature at all comparing to how it is now, and I don't think it's going to be success unless they find a way to generally interact with real-world technically and legally.