this post was submitted on 02 Feb 2024
1873 points (96.5% liked)
Memes
45719 readers
1057 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's not a perfect use case for it. That's a central authority (venue) selling tickets to anyone who wants to buy them. But instead of using a local database and approving transfers from person to person and losing the ability to reverse transactions due to fraud, it's hosted in the wild west of crypto.
There's nothing stopping a venue from offering your perfect use case in a centralized system, but they outsource it to Ticketmaster (namely because Ticketmaster owns like 80% of music venues or something) so they don't have to deal with it.
Your scenario outsources it to the block chain, who will charge gas for the transactions instead of ticketmaster charging fees.