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If i'm so wrong why does everyone keep short circuiting when asked to explain literally anything about it
everyone is explaining it and you're just saying it's wrong when it's not? It's alright to be uninformed, but don't be uninformed and arrogant
Nobody has explained anything, they just say "NFTs will do this and this and this" without the slightest critical thought as to how these things would actually be accomplished. You're welcome to give it a go but it sounds like you'd rather just declare "You obviously don't know how it works" to make yourself feel better
Pretty much confirms everything I've been saying except that it suggests payment would in fact be tied to the blockchain, which allows for things like price capping but also means that to transfer tickets to your friends you would have to teach them how to get ethereum and pay the much ballyhooed artist/promoter/venue fees on the transfer. Don't imagine most people would be too thrilled about that
NFT/blockchain using anything that will involve changing hands multiple times quickly will prolly not be the best use case, since it wouldn't easily allow using a physical wallet. I do think Real Estate title transfer will go blockchain eventually. seems like Fozzie is much more into this than I am, but I have all my crypto assets in a physical wallet and would highly recommend that
NFT/blockchain using anything that will involve changing hands multiple times quickly will prolly not be the best use case, since it wouldn't easily allow using a physical wallet. I do think Real Estate title transfer will go blockchain eventually. seems like Fozzie is much more into this than I am, but I have all my crypto assets in a physical wallet and would highly recommend that
What happens when senile grandpa gets tricked into signing over his house to a grifter on the immutable ledger?
Instead of clogging up multiple pages with nonsense, literally go to fucking google and type “NFT ticketing”. There are plenty of articles and company websites that are available to read.
Ooh, excellent, a big list of nonsense that you got off google and decided looked credible enough. Let's dive in
1. Removes ticket registration issues.
What are "ticket registration issues"? I'm quite sure I've never had one, never mind one that would have been solved by an immutable ledger
2. Better security to eliminate counterfeit ticket issues.
Already covered this. Ticket security is a solved problem
3. Transfers are easier, especially without having registration issues. Showing up to an event with a secondary purchase currently can be a mess. 4. Removes scalping. NFTs will allow for resale pricing caps, etc. 5. Resale ticket profits for artists / venues, etc.
You're not accomplishing 4 and 5 without throwing 3 in the garbage. Let's say I score 4-ticket to the phish new year's show and I want to dole them out to my friends. Under your system, I have to get them into the NFT ecosystem (Will they have to buy ethereum? Do you want to ban my friends from buying tickets from me using cash or venmo? If not, you've just lost your scalping ban and pricing caps) and then pay an additional fee for each transfer to make sure the promoter gets their share of the "resale". Oh, and if a mistake is made at any point and tickets get transferred to the wrong person or the wrong amount of money is sent, guess what, immutable ledger, tough luck
Congratulations, you've made the ticket buying process a big pain in the ass with no benefits to speak of! Blockchain!
Wow. Let’s dive in.
Registration: Have you never been to an event where you register, have to provide your name, email, phone number, etc.? That’s literally any festival, conference, business event, etc. Also, thinking about a Bonnaroo, it’s a nightmare if you buy a secondary ticket because it may be registered, and you have to change that ownership over with the event. There have been plenty of people on inforoo that have had issues with their tickets and entry due to registration issues. Just because it hasn’t happened to you doesn’t mean it’s not an issue.
Transfer: Clearly, based on your response and Phish example, you don’t actually understand how NFTs work. You don’t buy an NFT ticket and then have to get it into the NFT ecosystem. You literally buy it from the NFT ecosystem and it would be in your wallet. Your wallet is already connected to the marketplace if you bought the ticket so resale is just a matter of relisting the NFT from your wallet. The process to transfer would be way more efficient than today. And again, there have been plenty of issues where people have “transferred” a ticket but the seller actually sold multiple copies of that ticket so it becomes a first to the gate situation.
Scalping: This is the nature of smart contracts. The creator of the NFT ticket can set parameters in the contract that stipulate secondary pricing, purchase quantity, etc. so literally, any artist could have all their tickets with set aftermarket prices. For example, maybe the first 10 runs are VIP tickets that cost $200. The top resale price could be capped at $500 ensuring scalpers can’t raise the price to say $3000 which is a common tactic among major artists (eg Bieber). Will NFTs eliminate scalping / bots completely? No, but they will systematically reduce many of the advantages they currently have.
Resale Profits: Again, this is the nature of a smart contract and can be written directly into the the NFT so that It would happen automatically when an NFT ticket is resold based on the smart contract instructions. There’s no waiting for the venue to pay, or the ticketing company. Again, using the $200 ticket above, the original sale could stipulate the artist gets a flat $2 per ticket but on resale, maybe that value jumps significantly for the artist.
And to your more absurd points, if your friends only want to pay in Venmo or cash, they aren’t going to be buying very many tickets in our current structure either. This isn’t an issue with NFTs, it’s an issue with your friends. Your argument is the equivalent of complaining about needing a bank account or credit card to purchase a ticket online today.
Also, have you actually attended an event with a ticket before? Like, I seriously went to Tool with a buddy last month. I bought the tickets. He Venmo’d me the cash equivalent. I held the digital but not NFT ticket, when we were entered the arena, I presented both tickets and we entered. Nothing about an NFT ticket prevents you and your friends from doing that today.
As a different example, I went to an NFL game with my brothers last fall. My one brother bought the 3 tickets but wanted to transfer the other 2 to us. It took us 30 minutes to accomplish the feat and we literally and to log in to the ticket site and go thru a whole process to receive it. My other brother didn’t even have an account so to get the transfer to be complete, he even had to do additional work.
And If you did want to officially transfer an NFT, then yes they’d need a wallet. But that’s no real difference than what happens today. If I’m going to transfer a ticket to a friend, I’m going to need something from them, email, account info, etc. to be able to transfer and allow them to receive and use the ticket.
Also, as Maddog pointed out, wallets are increasingly adding ENS so individuals can have their own customized wallet name. You also need to find a Venmo users account properly and if you send money to the incorrect person, it’s gone. Your complaint about Wallets exists today too for Venmo and many other payment transfer options.
NFT/blockchain using anything that will involve changing hands multiple times quickly will prolly not be the best use case, since it wouldn't easily allow using a physical wallet. I do think Real Estate title transfer will go blockchain eventually. seems like Fozzie is much more into this than I am, but I have all my crypto assets in a physical wallet and would highly recommend that
What happens when senile grandpa gets tricked into signing over his house to a grifter on the immutable ledger?
what happens when senile grandma gets fleeced out of money from a Nigerian Prince?
Last Edit: Apr 14, 2022 11:06:26 GMT -5 by ZIG - Back to Top
[Registration: Have you never been to an event where you register, have to provide your name, email, phone number, etc.? That’s literally any festival, conference, business event, etc. Also, thinking about a Bonnaroo, it’s a nightmare if you buy a secondary ticket because it may be registered, and you have to change that ownership over with the event. There have been plenty of people on inforoo that have had issues with their tickets and entry due to registration issues. Just because it hasn’t happened to you doesn’t mean it’s not an issue.
Registration transfer is trivially easy to solve without a blockchain, even more so with digital tickets.
Transfer: Clearly, based on your response and Phish example, you don’t actually understand how NFTs work. You don’t buy an NFT ticket and then have to get it into the NFT ecosystem. You literally buy it from the NFT ecosystem and it would be in your wallet. Your wallet is already connected to the marketplace if you bought the ticket so resale is just a matter of relisting the NFT from your wallet. The process to transfer would be way more efficient than today.
I didn't say you had to get the ticket into the ecosystem, I said you have to get the people who want a ticket from you in. They have to make a wallet, and according to that medium article, they have to pay within the system
And again, there have been plenty of issues where people have “transferred” a ticket but the seller actually sold multiple copies of that ticket so it becomes a first to the gate situation.
Another solved problem thanks to digital ticketing, no blockchain required
Scalping: This is the nature of smart contracts. The creator of the NFT ticket can set parameters in the contract that stipulate secondary pricing, purchase quantity, etc. so literally, any artist could have all their tickets with set aftermarket prices. For example, maybe the first 10 runs are VIP tickets that cost $200. The top resale price could be capped at $500 ensuring scalpers can’t raise the price to say $3000 which is a common tactic among major artists (eg Bieber). Will NFTs eliminate scalping / bots completely? No, but they will systematically reduce many of the advantages they currently have.
Stubhub and ticketmaster and every other service you can think of could set price caps today, no blockchain required. Will it eliminate scalping entirely? No, but...
Resale Profits: Again, this is the nature of a smart contract and can be written directly into the the NFT so that It would happen automatically when an NFT ticket is resold based on the smart contract instructions. There’s no waiting for the venue to pay, or the ticketing company. Again, using the $200 ticket above, the original sale could stipulate the artist gets a flat $2 per ticket but on resale, maybe that value jumps significantly for the artist.
OK, automatic payments happen faster than regular payments, I concede that point.
And to your more absurd points, if your friends only want to pay in Venmo or cash, they aren’t going to be buying very many tickets in our current structure either. This isn’t an issue with NFTs, it’s an issue with your friends. Your argument is the equivalent of complaining about needing a bank account or credit card to purchase a ticket online today.
Obviously they could buy their own ticket with a credit card, but they didn't. Sadly I am unable to personally accept credit card payments.
Also, have you actually attended an event with a ticket before? Like, I seriously went to Tool with a buddy last month. I bought the tickets. He Venmo’d me the cash equivalent. I held the digital but not NFT ticket, when we were entered the arena, I presented both tickets and we entered. Nothing about an NFT ticket prevents you and your friends from doing that today.
OK hope you're always going in together
As a different example, I went to an NFL game with my brothers last fall. My one brother bought the 3 tickets but wanted to transfer the other 2 to us. It took us 30 minutes to accomplish the feat and we literally and to log in to the ticket site and go thru a whole process to receive it. My other brother didn’t even have an account so to get the transfer to be complete, he even had to do additional work.
And If you did want to officially transfer an NFT, then yes they’d need a wallet. But that’s no real difference than what happens today. If I’m going to transfer a ticket to a friend, I’m going to need something from them, email, account info, etc. to be able to transfer and allow them to receive and use the ticket.
Wait, now there are two types of ticket transfers in NFT land, unofficial and official? Can you just do a free ticket transfer without anyone making a wallet or figuring out exactly what sort of payment the smart contract requires or not? If so, there goes all your gains on the scalping world.
Also, as Maddog pointed out, wallets are increasingly adding ENS so individuals can have their own customized wallet name. You also need to find a Venmo users account properly and if you send money to the incorrect person, it’s gone. Your complaint about Wallets exists today too for Venmo and many other payment transfer options.
Venmo has QR codes you can scan now. Solved problem
Is homie really using QR Codes as an argument when he literally dismissed me when I said the same thing about ethereum wallets?
I'm demonstrating that the vast majority of the problems NFTs purport to solve are already solved
Fair enough. Not everything in life is about being completely unique and perfect though. Sometimes it's just about taking steps in the right direction.
Post by Silver Surfer on Apr 14, 2022 14:43:04 GMT -5
Know nothing about the game beyond it being powered by IMX. 100 IMX tokens is roughly 200 bucks and easily sold via coinbase if anyone is looking to write a lil story lol
NFT/blockchain using anything that will involve changing hands multiple times quickly will prolly not be the best use case, since it wouldn't easily allow using a physical wallet. I do think Real Estate title transfer will go blockchain eventually. seems like Fozzie is much more into this than I am, but I have all my crypto assets in a physical wallet and would highly recommend that
Agree this would be a great use. The current real estate title system is horribly antiquated and decentralized. But the bureaucratic/legal/cost is going to prevent implementation for a long time
While it's a cool concept, I wonder if there's a real point to it. I don't know if many individuals would purchase a home as an LLC to begin with. Rental property or other commercial assets - sure. And I also understand that title information can be stored on a blockchain. But Florida already has sunshine laws where you can get digitized versions of all title transactions going back at least a couple decades in most counties on the assessor websites. I'm not discounting that there may be some value or efficiencies in doing this type of transaction/certification. But I also don't wonder if emoney is correct that a lot of these applications are problems that are mostly already solved.
While it's a cool concept, I wonder if there's a real point to it. I don't know if many individuals would purchase a home as an LLC to begin with. Rental property or other commercial assets - sure. And I also understand that title information can be stored on a blockchain. But Florida already has sunshine laws where you can get digitized versions of all title transactions going back at least a couple decades in most counties on the assessor websites. I'm not discounting that there may be some value or efficiencies in doing this type of transaction/certification. But I also don't wonder if emoney is correct that a lot of these applications are problems that are mostly already solved.
Yeah and I understand that. The data still has to be input into something by someone right? Whether it be a database program or onto a block, it seems like it’s still the same thing plus all previous transactions that already exist would have to be uploaded or input into a new system. We can see progress from ledger books to data systems, but how really would the block improve a title? Seems like just remaking the wheel in a way unless I’m missing some other benefit.
Yeah and I understand that. The data still has to be input into something by someone right? Whether it be a database program or onto a block, it seems like it’s still the same thing plus all previous transactions that already exist would have to be uploaded or input into a new system. We can see progress from ledger books to data systems, but how really would the block improve a title? Seems like just remaking the wheel in a way unless I’m missing some other benefit.
you hit the nail on the head. blockchains are shitty, un-editable databases. storing actual data on them is incredibly inefficient, that's why most of the NFTs exist as basically hyperlinks to centralized entities. so in this instance, the actual files for a house title will have to be stored in a centralized database anyways, what's the point?
Yeah and I understand that. The data still has to be input into something by someone right? Whether it be a database program or onto a block, it seems like it’s still the same thing plus all previous transactions that already exist would have to be uploaded or input into a new system. We can see progress from ledger books to data systems, but how really would the block improve a title? Seems like just remaking the wheel in a way unless I’m missing some other benefit.
you hit the nail on the head. blockchains are shitty, un-editable databases. storing actual data on them is incredibly inefficient, that's why most of the NFTs exist as basically hyperlinks to centralized entities. so in this instance, the actual files for a house title will have to be stored in a centralized database anyways, what's the point?
I don't know which is why I questioned whether there was any benefit to an individual's purchase of a home in a real estate transaction going the way the first NFT one did in Florida. I do know a couple things about the real estate side, and I don't see a benefit. Maybe the indexing is better or something? Right now, if I have any relevant information on a property (address, owner's name, tax parcel number, etc.) I can pull up a couple of decades worth of information on taxes, who paid them, deed/property transfers and any other encumbrance affecting title. If the argument is that NFT's in some way can make this process better, I'd like to hear it. It seems like more work than it's worth if every piece of real property in Escambia County, Florida would have to be analyzed and input into a new system. An example is 108 Via De Luna Drive in Pensacola Beach, Florida.
Prior tax bills, prior tax payment history, parcel details and map, assessed value, a link to the assessor's website (see next link) which has all improvement data, photos, maps, .PDF's of all prior transfers going back to 1975. How and why would this be ported to a blockchain and how labor intensive would it be even if it was a good idea? i don't see it.
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