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To be specific, an NFT can be anything - even a Turing complete program - but common ones are simply containing a string of a URL. Edit: I was loosely involved
by exdsq 5y ago
To be specific, an NFT can be anything - even a Turing complete program - but common ones are simply containing a string of a URL.
Edit: I was loosely involved in some of the conversation around smart contract and token implementation on a top 10 chain and there’s actually a lot of interesting issues with on chain data, such as if child pornography is added suddenly in some countries hosting a node can be seen as distributing CP (so only allowing URLs and then having filters to remove that at a community level is an easy solution).
I currently only like NFTs as representations of digital licenses or tickets etc anyway, so simple hashes work for me.
- quickthrower2 5y agoHow do you avoid anyone else putting CP on a blockchain because they can. And so a node runner always has this problem regardless of what say OpenSea does for example.
- smt88 5y agoDigital licenses and tickets are useless if the central authority doesn't honor them. There's absolutely no benefit to making NFTs out of them. For example, if I buy an NFT ticket to a concert and the venue doesn't let me in, what was the point of the decentralization?
- divs1210 5y agoThat's not why making an NFT out of the ticket is interesting. It's interesting because I can, for example, resell my Woodstock ticket on an open market.
- dmitriid 5y ago"It's interesting because I can hoard tickets and resell at profit". Why is that interesting, exactly? Edit All that is marked as "interesting" in crypto is inevitably "how can I profit/get rich quick off something".
- shawabawa3 5y agoUsually the whole point of NFT tickets is to _stop_ you reselling on an open market (aka StubHub/Ticketmaster) and instead force you to either resell back to the venue, or to resell at face value only
- cmckn 5y agoYikes. Not to mention there’s a public record of every ticket you’ve ever purchased. In many ways a blockchain is adtech done worst.
- prox 5y agoI honestly tried to come up with ideas for crypto / blockchain but every time someone pointed out how my solution could be done easier / better without blockchain. Blockchain is a problem looking for a solution to make more money.
- FeepingCreature 5y agoIn a proper market, it is impossible to resell because the sales price is the production price. So if the free-market price of the ticket is higher than the sales price, people should be producing additional Woodstocks until the prices match. At which point there is no point in being a scalper anymore. Scalping is only an issue if the sales price of products is artificially depressed.
- dmitriid 5y agoAh yes. The magical "click my fingers and there's a new Woodstock every time someone raises a price" free-market.
- mellavora 5y agoI didn't realize it was that easy to produce another Woodstock, or that the only purpose of music and festivals was profit maximization/economic equilibrium. Silly me.
- ahtihn 5y agoWhat's the incentive for the ticket seller to enable that?
- melomal 5y agoRoyalties. The ticket seller can set that and every time the ticket is resold, they will get % of that sale. For an artist that would mean they can sell a ticket with % royalty set and then profit from future sales on an ongoing basis.
- dalbasal 5y agoSo... A method for scalping scalpers?
- melomal 5y agoPretty much. 1000 true fans is essentially the backbone of the NFT argument which basically revolves around artists and their fans parting ways with cash for collectable items. With NFT tickets, the artist always gets paid no matter who is selling the ticket and how many times it get sold. I would say that this is a win for the artist.
- drugstorecowboy 5y agoWell.. yes that would be a win for the artist. As would a sales tax that goes to artists, or a new law that legalizes pickpocketing for artists. Why is that a good thing? Why should an artist be compensated beyond the first transaction? If this concept took off, how long do you think it would take before Walmart begins taking a cut of every resale? They have just as much right to it as an artist.
- melomal 5y agoWell you could argue that it wouldn't be Walmart that does it, it would be the producer so Samsung, Apple, LG, Asus, Acer etc would sell their products with a digital twin (NFT) which provides sales from future purchases. That being said, it could reduce the need for new products/versions being created every other week. However, there would need to be a somewhat centralized 'marketplace' that facilities the second hand sales which is where Walmart could step in with some perks for selling with them.
- boomlinde 5y agoSo ticket scalping. This was never desirable to anyone except the reseller in the first place. Concert goers hate scalpers, arrangers hate scalpers and the reseller adds no value to their service. I don't see how it's the least bit interesting.
- OtomotO 5y agoIt's interesting because it could be _my_ profit! Nevermind the society or the environment. If money can be made, money shall be made, no matter how shady a business /s
- eru 5y ago'Scalping' ticket is actually useful for society, to be honest. But yeah, everyone involved likes to say that they hate scalpers. So no one will do anything to help them.
- divs1210 5y agoI'm not talking about scalping. Woodstock was a legendary event. The tickets would now be considered collectors items.
- boomlinde 5y agoIn that sense you can already resell your Woodstock tickets on an open market. NFTs don't really add anything to this market in particular, so I don't get your point.
- eru 5y agoOnly if the ticket seller wants you to be able to do that. Remember, it's trivially easy to follow transactions on the block chain. So the ticket seller can see whether an NFT has been resold, and can just refuse to honour it. Or only honour the first wallet it was in, regardless of whether it is still there or not.
- ALittleLight 5y agoI think the idea may be to resell it as memorabilia - which might work for some rare or legendary performance, but, I think, in the typical case will be meaningless.
- tchocky 5y agoAnd even that works way better in physical form. For concerts I still order hardcopy tickets, because I collect them to go through them and remember what bands I have seen live and relive that memory. A digital NFT wouldn't give this justice enough for me.
- divs1210 5y agoI'm talking about it as a collectors item.
- eru 5y agoThat is somewhat interesting. But see https://news.ycombinator.com/item?id=30776567 https://news.ycombinator.com/item?id=30776567
- happymellon 5y agoYou can resell your paper, or email ticket already. How does blockchain make it interesting?
- 0xRolex 5y agoNo need to expose yourself, possible anonimity and most important one, the absolute lack of need of a third party which is the thing that most find intresting about blockchains usecases.
- usrbinbash 5y agoExcept the most common way to do blockchain transactions are broker services which do require user information. This, combined with the fact that the blockchain is an immutable public ledger (meaning any transaction can be traced back indefinitely), and there goes anonymity.
- 0xRolex 5y agoBy brokers you mean Centralised Exchanges ? If yes I agree it's an aberation as we've with recently with Russia's problems people getting banned from it because these exchanges are bounded to obey country's laws. Everyone should leave CEXs to get on DEXs and learn about DeFi but as cool as it can be it's everything but userfriendly and as it is it'll never make it to public adoption. About tracing transactions as long as you don't dox yourself everything people can have about a wallet being yours is suspicions and there's always services to make it shady like tornadocash or anonimity oriented blockchains
- usrbinbash 5y ago> Everyone should leave CEXs to get on DEXs and learn about DeFi That is not going to happen, for the same reasons why most people don't dig their own wells, learn carpentry to make their own furniture, or weave their own cloth and learn how to tailor clothes. Every complex enough system will always have centralized points, aka. gatekeepers. That is how human society self-organises.
- usrbinbash 5y agoOnly if the authority recognizing the ticket allows it. If they don't, then the name of the original buyer is likely part of the hashed information, and anyone else trying to use the ticket is out of luck. NFTs still require recognition by the authority actually controlling the goods/services in question.
- dmitriid 5y agoCrypto peddlers rarely have an idea of how the world works. When it comes to tickets, this always comes up with NFTs and it's amazing how little they know (or care). I had this conversation not too long ago, see my comments here: https://news.ycombinator.com/item?id=29282931 https://news.ycombinator.com/item?id=29282931
- KyeRussell 5y agoA bunch of people that probably haven’t bought a scalped ticket in their lives trying to explain how NFTs will revolutionise ticket sales is definitely peak crypto charlatan.
- lampe3 5y agoTickets to a concert in the NFT world if you want so are a step back on what we had. Back in my days, a Ticket was just a piece of paper. Without any name on it. The only information it had for what concert it was and what seat you had if there was the option. I could give it to anybody and he/she could go to the concert without any extra fee or a middleman.
- bruce343434 5y agoSounds like an immutable global record isn’t such a panacea after all…
- usrbinbash 5y ago> I currently only like NFTs as representations of digital licenses or tickets etc anyway, so simple hashes work for me. But we don't need NFTs & Blorkchains for that. Just a simple digital signature is enough. Take all the info of the ticket, hash it, sign it with your private key, put the result into a Matrix Code for convenience and done.