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NFT's are a neat technology, its a real shame people only recognize those stupid fucking monkeys as what an NFT is. I suppose it doesn't help that the ways in which an NFT could be used never really happened. Would be amazing to see NFT's change the ticket selling/scalping market.
They really aren't.
Neat tech in search of a problem it can solve.
Still searching.
It's not even really a neat tech. I guess you could say "blockchain" in general is a sort-of neat tech, but with massive unsolved problems (extending the chain without either wasting massive amounts of energy, or simply increasing the wealth of the already rich). But, there's really nothing interesting about NFTs.
Would be amazing to see NFT's change the ticket selling/scalping market.
NFTs offer no benefits there.
NFTs and the underlying blockchain technology only makes sense when there's no singular authority for something, and nobody among the "distributed authority" trusts each-other. Blockchain is just an extremely inefficient distributed write-only database.
But, for tickets to a venue, there is a singular authority: the venue owner. It's the venue owner who hires the people who check the tickets, and the bouncers who keep the people without tickets out. Technology isn't going to solve the issue of selling tickets / scalping because it was never a technological problem, it's a business problem.
Would be amazing to see NFT's change the ticket selling/scalping market.
I'm interested to understand how blockchain would help here. I tried Googling a bit, but I didn't find anything particularly clear. What do you think it would improve?
I guess scalpers wouldn't be able to sell on tickets as only the person who owns the NFT can use the ticket. So that would mean scalpers can't buy up tickets to sell at markup. Instead only people who want house the tickets themselves can buy, so fans will get the actual RRP ticket prices (I'm guessing).
That's still possible without using NFTs tho
NFTs can have it built into their contract that they can't be resold.
hmmmm it sounds like the real power was contract law the whole time.
But the enforcement can actually be built in and automatic with these smart contracts. This and chain of custody are probably the two most, maybe only, legit reasons to use block chain.
The enforcement has to be done by people. The thing that decides if your ticket is valid for entry to the event is a person. All an NFT does is add a bunch of unnecessary complexity on top.
Scalping does not happen because there's not enough technology involved.
No, the ticket can invalidate itself if/when it is resold. Hell you could take the human completely out of it and theoretically make the entrance a turnstile that scans your ticket and won't open for an invalid ticket.
Scalping does not happen because there's not enough technology involved.
Cool, but that's not what is being discussed.
It is what's being discussed. NFTs add nothing.
What your suggesting is worse than just having a person at the door check that the name on the ticket matches the name on the person's ID. Doing it as an NFT gives absolutely no benefits.
The venue could operate the turnstile much cheaper by keeping the ticket information in their own database. It's far cheaper to do it that way. The NFTs give literally no benefit to anyone.
If you continue to ignore the benefits, then yes it will seem like there aren't any. You're being willfully ignorant at this point.
It's far cheaper to do it that way.
It's cheaper to maintain your own codebase, hire admins to maintain the infrastructure, hire security experts to maintain the security of the infrastructure, and to take on all the risk of potential data breach and fraud on your own? You live in a fantasy world.
Ok, I have a few questions on how the nft tickets would work in your world: What would they scan at the turnstile? If its simply a qr code then why not simply sell a screenshot of the qr? If it does some kind of transaction to verify that you have the wallet then who would pay the fees? They could also just create a wallet for each ticket and sell the wallet... Would the tickets you buy directly at the venue also be nfts?
You could still sell the tickets tho. Easily.
if i issue you a ticket, why would I need anyone but myself to vouch for the ticket? As for the scalping thing... just don't allow them to be resold, buy them back yourself
if i issue you a ticket, why would I need anyone but myself to vouch for the ticket?
There are sometimes problems with corruption in ticket issuers or their middlemen. So maybe if your audience doesn't trust you not to issue more tickets than the venue has space it could be a way to prove that isn't happening.
a sequential serial number for each ticket.
Not really as good because then there's just a chance of discovering problems if people get together and compare tickets, as opposed to the whole set of records being provably committed to, not possible to conceal after the fact, and auditable by the public.
They are a scam, full stop.
They are a piece of technology. Its extremely weird to call tech a scam. Thats like saying landline telephone is a scam because its covered in spam calls, that doesnt really reflect the technology itself.
Pedantic much?
No i am just able to see the difference between a scam, and the technology used for a scam. Its simple, just like you.
Sounds pedantic to me.
Maybe in your obtuseness and devotion to an obvious scam, you forgot to use some grey matter in the matter at hand.
I might be simple honey but I'm not stupid like you.
Insults get us nowhere in discussion and are an easy deflection to what is being argued.
You might want to grow up a little before sitting at the adult's table.
Ciao bello!
The important part is what has been done with them. Nothing really from my pov. Only mlm scams. Thats why they're unpopular.