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Except in your concert example, the number of tickets is not verifiably public with a centralised entity. There is nothing that stops the organizer from printin
by jimmydorry 5y ago
Except in your concert example, the number of tickets is not verifiably public with a centralised entity. There is nothing that stops the organizer from printing more tickets than there exists capacity for. On the flip side, a NFT ticket can be demonstratably unique (no counterfeiting or luck of the draw from scalpers), and only a certain number can be printed (otherwise everyone will know that the organizer is not acting legitimately).
As digital entities, a door is also opened for various interactive / programatic ways of using said tickets that are not possible with a private database and lack of incentive to improve the status quo (Most of the established incumbents have had years to improve, but don't until threatened by an emerging technology).
Another example off the top of my head:
* An anti-scalper lottery where a portion of the tickets are reserved for accounts that have owned a previous ticket for an event in the last twelve months during the run-time of said event. Let's say 80% of the ticket pool, and the remaining 20% is the free-for-all and any unsold tickets are sold free-for-all as well for the last week before the event starts.
- cuteboy19 5y agoAgain, none of this matters because the whole thing is ultimately centralized in the hands of the organizer. Nothing stops him from printing 100 tickets on VET, and then turning around and printing 10000 tickets normally. > otherwise everyone will know that the organizer is not acting legitimately Because this has clearly stopped serial rugpullers like Jake Paul. People no longer invest in the NFT projects that he shills right? And also there is nothing wrong with overbooking, because at least a few people are going to no-show. If the organizer is not able to accommodate you, you are given a refund. This anti scalping tech is not even related to crypto currency. It can be implemented even more easily in a normal ticketing system with KYC. The fact that people don't do it is proof that it is easily defeated. With non KYC crypto accounts, the accounts themselves could be traded, making any account based tech pointless. Finally, most of this is so niche that I have doubts that even if all this was true, it still wouldn't result in something successful.
- ahtihn 5y ago> There is nothing that stops the organizer from printing more tickets than there exists capacity for. That's not a real problem.
- jimmydorry 5y agoReally? You've never booked a ticket on a flight and your seat had been sold to someone else? The same thing happens at some concerts too.