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This is a great example of taking a concept that originated in cryptocurrency and removing the cryptocurrency part. There's no need to make a ticket transferra

This is a great example of taking a concept that originated in cryptocurrency and removing the cryptocurrency part. There's no need to make a ticket transferrable and tracked with a decentralized ledger... but the uniqueness+art aspect is still pretty neat.

TheDudeMan 4y ago
How else would you make a digital ticket transferable (on 3rd-party marketplaces) and verifiably authentic? Honest question. It's probably possible. The problem today is that if I buy a 2nd-hand a concert ticket on <literally any marketplace>, I might be getting screwed with a counterfeit ticket (as far as I know).
- thatguy0900 4y ago
  Do they actually want easy, transparent, not Grey market digital ticket secondary markets? Sounds like a heaven for scalpers and speed purchase botting.
- boffinism 4y ago
  Is the "3rd-party marketplace" bit a hard requirement? If I'm organising an event and I am ok with tickets being transferred, would it satisfy requirements if I offered a mechanism for transfers myself?
janstice 4y ago
Disagree on the no need to make a ticket transferable part - this is the place where NFTs make the most sense - there really is only 1 seat 22B at the Lakers game next Saturday, but in an untrustworthy secondary market I want to know that what I’m buying is (a) legit and (b) the only version in existence.
- searchableguy 4y ago
  In practice, most conferences don't want to allow transferable tickets because it ends up with a scalper situation. The scalper will annoy everyone and take any money that would otherwise go to conference. Secondary market for tickets is very small.
  - bombcar 4y ago
    Stubhub disagrees. And venues would love scalper if they got a cut.
    - XorNot 4y ago
      I helped build this system for a major ticketing company. We used a database, that was it - because its pretty simple overall when you're taking a cut. Confirm original barcode, mark transaction, issue a new barcode. At performance time only the new barcodes work, and if you didn't get it through the ticketing company then you were just out of luck.
  - runnerup 4y ago
    As with all things that scalpers re-sell which are not necessary for survival and health I find myself unable to come to a reasonable answer for why the first sale shouldn't be at market price.
    - jcparkyn 4y ago
      Complete speculation, but I would guess that in many cases the company/organisation running the conference would want lots of people to come (e.g. for marketing or hiring purposes), even if they could increase total ticket revenue by raising prices. Selling expensive tickets is also bad PR, which might be worth more to the organisers than the extra ticket revenue.
      - iamkroot 4y ago
        I've always figured you could just do an auction. Say you have 500 tickets. You give everyone who wants to go 48 hours to submit how much they're willing to pay for a ticket. At the end of the time period the 500 people whose bids were the highest all get the tickets. You could publish the current price of the tickets during the bidding time frame and allow people to modify their bids at any point. The final price would be whatever the 500th lowest bid was. In the event of a tie, choose randomly among the people tied for 500th. I imagine this would be greeted with complaints about how it gives the rich an advantage, but I can't think of a fairer way to distribute tickets that also avoids the scalper problem.
TheDudeMan 4y ago
> This is a great example of taking a concept that originated in cryptocurrency What concept are you talking about? Venue tickets have been a thing for a while.
- boffinism 4y ago
  I believe the concept referenced is the one mentioned in the second paragraph: uniqueness+art.
  - TheDudeMan 4y ago
    Like a painting?
    - boffinism 4y ago
      ... within the context of ticketing.

TheDudeMan 4y ago

How else would you make a digital ticket transferable (on 3rd-party marketplaces) and verifiably authentic? Honest question. It's probably possible. The problem today is that if I buy a 2nd-hand a concert ticket on <literally any marketplace>, I might be getting screwed with a counterfeit ticket (as far as I know).

thatguy0900 4y ago
Do they actually want easy, transparent, not Grey market digital ticket secondary markets? Sounds like a heaven for scalpers and speed purchase botting.
boffinism 4y ago
Is the "3rd-party marketplace" bit a hard requirement? If I'm organising an event and I am ok with tickets being transferred, would it satisfy requirements if I offered a mechanism for transfers myself?

janstice 4y ago

Disagree on the no need to make a ticket transferable part - this is the place where NFTs make the most sense - there really is only 1 seat 22B at the Lakers game next Saturday, but in an untrustworthy secondary market I want to know that what I’m buying is (a) legit and (b) the only version in existence.

searchableguy 4y ago
In practice, most conferences don't want to allow transferable tickets because it ends up with a scalper situation. The scalper will annoy everyone and take any money that would otherwise go to conference. Secondary market for tickets is very small.
- bombcar 4y ago
  Stubhub disagrees. And venues would love scalper if they got a cut.
  - XorNot 4y ago
    I helped build this system for a major ticketing company. We used a database, that was it - because its pretty simple overall when you're taking a cut. Confirm original barcode, mark transaction, issue a new barcode. At performance time only the new barcodes work, and if you didn't get it through the ticketing company then you were just out of luck.
- runnerup 4y ago
  As with all things that scalpers re-sell which are not necessary for survival and health I find myself unable to come to a reasonable answer for why the first sale shouldn't be at market price.
  - jcparkyn 4y ago
    Complete speculation, but I would guess that in many cases the company/organisation running the conference would want lots of people to come (e.g. for marketing or hiring purposes), even if they could increase total ticket revenue by raising prices. Selling expensive tickets is also bad PR, which might be worth more to the organisers than the extra ticket revenue.
    - iamkroot 4y ago
      I've always figured you could just do an auction. Say you have 500 tickets. You give everyone who wants to go 48 hours to submit how much they're willing to pay for a ticket. At the end of the time period the 500 people whose bids were the highest all get the tickets. You could publish the current price of the tickets during the bidding time frame and allow people to modify their bids at any point. The final price would be whatever the 500th lowest bid was. In the event of a tie, choose randomly among the people tied for 500th. I imagine this would be greeted with complaints about how it gives the rich an advantage, but I can't think of a fairer way to distribute tickets that also avoids the scalper problem.

TheDudeMan 4y ago

> This is a great example of taking a concept that originated in cryptocurrency What concept are you talking about? Venue tickets have been a thing for a while.

boffinism 4y ago
I believe the concept referenced is the one mentioned in the second paragraph: uniqueness+art.
- TheDudeMan 4y ago
  Like a painting?
  - boffinism 4y ago
    ... within the context of ticketing.