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Again, 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,
by cuteboy19 5y ago
Again, 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.