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But if an abstraction exists that makes things much simpler to work with, maybe it's worth considering? Just imagine the code required on-top of digital banking
by exdsq 4y ago
But if an abstraction exists that makes things much simpler to work with, maybe it's worth considering? Just imagine the code required on-top of digital banking to buy a ticket to a gig from me online. Those companies that manage this charge huge fees, have huge teams, and it's all sorts of complex. Approaching it from a Web3/NFT standpoint, you mint a series of tickets to your gig. You sell those tickets to people for crypto in a single atomic transaction. Metadata says it's a resellable ticket? Then those people who bought it can sell it to others too! Skeptical it's an authentic ticket? Check if it was minted by the band. Skeptical it's not resellable? Check the meta data. Skeptical they won't send you the genuine ticket? Atomic txs and NFTs mean it's one single tx - a gig ticket for some money. Want to make resellable tickets but you want 5% of the resale? Add a creator rule to the token. Want to check people have valid tickets at the gig? QR code that reads a wallet for a token from the sent of minted tokens. These things that right now span multiple businesses, have multiple fees, constant fraud, are slow, and require signing up in multiple places are literally free with crypto. It's just part of the technology. I think that's pretty cool and has some use cases in an increasingly digital world.
- cuteboy19 4y agoNFTs as tickets have a fundamental flaw: it is a decentralized front end to a centralized backend. Ultimately there is only one person in full control: the organizer of the event. So we can easily dismiss all of the claims you made because all these things can be done more easily via non blockchain solutions.