3 ms·

> A recent study looking at the price of thousands of collections seems to suggest the answer is, "yes." Yes and No. Just like the 90% - 95% of frivolous start

by rvz 3y ago

> A recent study looking at the price of thousands of collections seems to suggest the answer is, "yes." Yes and No. Just like the 90% - 95% of frivolous startups that failed during the dotcom crash with the remaining 5% - 10% surviving. Perhaps we'll see proper usage of NFTs beyond looking at the price since there are some useful NFTs such as ENS domains used to resolve wallet addresses to readable domain names on-chain and NFTs for ticketing systems, which even Ticketmaster announced for their use-case for gated sales. [0] So let's not be absolutist here with '100%' or '99.9999%' of them. More accurately: 90% - 95% of NFT projects won't survive; as expected. [1] with the remaining 5% - 10% still surviving. [0] https://business.ticketmaster.com/business-solutions/nft-token-gated-sales/ https://business.ticketmaster.com/business-solutions/nft-tok... [1] https://news.ycombinator.com/item?id=30236668 https://news.ycombinator.com/item?id=30236668

troupo 3y ago
> Perhaps we'll see proper usage of NFTs > NFTs for ticketing systems No. NFTs are useless for ticketing systems for reasons immediately obvious if you ever stop and think about it. > which even Ticketmaster announced for their use-case for gated sales. As with all these announcements they are scrapped and thrown into trash just a year or two later.
- rvz 3y ago
  > No. NFTs are useless for ticketing systems for reasons immediately obvious if you ever stop and think about it. Yes. Very useful for ticketing systems and quote the entire sentence next time for context: >> Perhaps we'll see proper usage of NFTs beyond looking at the price... > As with all these announcements they are scrapped and thrown into trash just a year or two later. Another business product (TIXNGO) is still using NFTs for ticketing systems last year: [0] Still using it this year today [1] for their events. Typical HNers like yourself always going for the absolutism take. [0] https://www.secutix.com/articles/ed-sheeran-tour-shines-in-stade-de-france-with-digital-ticket-system-success https://www.secutix.com/articles/ed-sheeran-tour-shines-in-s... [1] https://www.secutix.com/articles/secutix-enters-ticketing-partnership-lusail-international-circuit https://www.secutix.com/articles/secutix-enters-ticketing-pa...
  - troupo 3y ago
    > Yes. Very useful for ticketing systems and quote the entire sentence next time for context Regardless of context they make zero sense for ticketing. > Another business product (TIXNGO) is still using NFTs for ticketing systems last year We've seen many companies, large and small, do stupid things. Does!'t make these things suitable for the intended purpose (or that they even work as described). > Typical HNers like yourself always going for the absolutism take. No. Typical HNers know more about reality than any typical crypto bro.
    - rvz 3y ago
      > Regardless of context they make zero sense for ticketing. Wrong. Here's another company that is using NFTs for tickets for their product. [0] Had it been unsuitable, they would have entirely stopped or never considered using them years ago after trailing it. > We've seen many companies, large and small, do stupid things. Does!'t make these things suitable for the intended purpose (or that they even work as described). I've assumed you have read the links and they explain how it works. Clearly you haven't bothered to read the links. > No. Typical HNers know more about reality than any typical crypto bro. Ah yes, the childish name calling since you have nothing intelligent left to say after debunking your denial. I've just shown you the reality with real world companies using said NFTs as tickets and gave links to substantiate that. From you, it is all absolutism and continuous denial. How many more goal posts are you going to move in your next reply? [0] https://boxoffice.sitickets.com https://boxoffice.sitickets.com
      - troupo 3y ago
        > Ah yes, the childish name calling since you have nothing intelligent left to say after debunking your denial. You've debunked nothing. You've shown a few companies that jumped on the hype train (well, onto a well departed hype train) and are pretending that NFTs (or blockchains in general) are at all usable for ticket sales. I expect both Ticketmaster and Sports Illustrated to quietly shut down their NFTs sometime next year. Yo want an intelligent discussion? Then riddle me this: - event organisers are centralised entities - artists are centralised entities - tickets are checked and validated by centralised entities at point of entry - superfans etc. are tracked by centralised entities (such as streaming services), and it can't be done any other way (because people listen to songs released through centralised entites, and go to events provided by centralised entities) - NFT assets themselves are hosted by centralised entities - specific events (such as Tailor Swift hosting superfans at her home) require rigorous KYC checks performed by centralised entities - fan communities do not need NFTs to exist (and have existed since time immemorial) And that's before we get into the hundreds of use cases in ticketing that "we sell one ticket to one person for one event" doesn't even begin to cover. But sure, do tell me how NFTs are so extremely suitable unlike anything else we had before and how companies jupmed on the departing NFT train because NFTs are suitable.

by rvz 3y ago

troupo 3y ago

> Perhaps we'll see proper usage of NFTs > NFTs for ticketing systems No. NFTs are useless for ticketing systems for reasons immediately obvious if you ever stop and think about it. > which even Ticketmaster announced for their use-case for gated sales. As with all these announcements they are scrapped and thrown into trash just a year or two later.

rvz 3y ago
> No. NFTs are useless for ticketing systems for reasons immediately obvious if you ever stop and think about it. Yes. Very useful for ticketing systems and quote the entire sentence next time for context: >> Perhaps we'll see proper usage of NFTs beyond looking at the price... > As with all these announcements they are scrapped and thrown into trash just a year or two later. Another business product (TIXNGO) is still using NFTs for ticketing systems last year: [0] Still using it this year today [1] for their events. Typical HNers like yourself always going for the absolutism take. [0] https://www.secutix.com/articles/ed-sheeran-tour-shines-in-stade-de-france-with-digital-ticket-system-success https://www.secutix.com/articles/ed-sheeran-tour-shines-in-s... [1] https://www.secutix.com/articles/secutix-enters-ticketing-partnership-lusail-international-circuit https://www.secutix.com/articles/secutix-enters-ticketing-pa...
- troupo 3y ago
  > Yes. Very useful for ticketing systems and quote the entire sentence next time for context Regardless of context they make zero sense for ticketing. > Another business product (TIXNGO) is still using NFTs for ticketing systems last year We've seen many companies, large and small, do stupid things. Does!'t make these things suitable for the intended purpose (or that they even work as described). > Typical HNers like yourself always going for the absolutism take. No. Typical HNers know more about reality than any typical crypto bro.
  - rvz 3y ago
    > Regardless of context they make zero sense for ticketing. Wrong. Here's another company that is using NFTs for tickets for their product. [0] Had it been unsuitable, they would have entirely stopped or never considered using them years ago after trailing it. > We've seen many companies, large and small, do stupid things. Does!'t make these things suitable for the intended purpose (or that they even work as described). I've assumed you have read the links and they explain how it works. Clearly you haven't bothered to read the links. > No. Typical HNers know more about reality than any typical crypto bro. Ah yes, the childish name calling since you have nothing intelligent left to say after debunking your denial. I've just shown you the reality with real world companies using said NFTs as tickets and gave links to substantiate that. From you, it is all absolutism and continuous denial. How many more goal posts are you going to move in your next reply? [0] https://boxoffice.sitickets.com https://boxoffice.sitickets.com
    - troupo 3y ago
      > Ah yes, the childish name calling since you have nothing intelligent left to say after debunking your denial. You've debunked nothing. You've shown a few companies that jumped on the hype train (well, onto a well departed hype train) and are pretending that NFTs (or blockchains in general) are at all usable for ticket sales. I expect both Ticketmaster and Sports Illustrated to quietly shut down their NFTs sometime next year. Yo want an intelligent discussion? Then riddle me this: - event organisers are centralised entities - artists are centralised entities - tickets are checked and validated by centralised entities at point of entry - superfans etc. are tracked by centralised entities (such as streaming services), and it can't be done any other way (because people listen to songs released through centralised entites, and go to events provided by centralised entities) - NFT assets themselves are hosted by centralised entities - specific events (such as Tailor Swift hosting superfans at her home) require rigorous KYC checks performed by centralised entities - fan communities do not need NFTs to exist (and have existed since time immemorial) And that's before we get into the hundreds of use cases in ticketing that "we sell one ticket to one person for one event" doesn't even begin to cover. But sure, do tell me how NFTs are so extremely suitable unlike anything else we had before and how companies jupmed on the departing NFT train because NFTs are suitable.