Bitcoin Forum
May 04, 2024, 02:43:56 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: The blockchain could save music fans from scalpers  (Read 528 times)
Nagadota (OP)
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


ClaimWithMe - the most paying faucet of all times!


View Profile WWW
May 21, 2017, 12:36:30 PM
 #1

I just had a thought:  all the time, scalpers buy thousands of tickets to gigs and stadiums and resell the tickets to fans at much higher prices.  These bastards price ordinary fans right out of their events.  The solution should be cryptographic proof.

Think of it like this: a band/artist/venue puts up their tickets to a Bitcoin based service.  Someone sends them Bitcoin.  When they get there, they show the venue a signed message from the address that they used to pay.  Suddenly, the secondary ticketing market becomes extremely complicated, and Bitcoin users don't even have to verify their actual identity with the service.

This could even apply to sports as well.

Any thoughts on this?  I'm not a real developer so I have no idea on the details.


1714790636
Hero Member
*
Offline Offline

Posts: 1714790636

View Profile Personal Message (Offline)

Ignore
1714790636
Reply with quote  #2

1714790636
Report to moderator
The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714790636
Hero Member
*
Offline Offline

Posts: 1714790636

View Profile Personal Message (Offline)

Ignore
1714790636
Reply with quote  #2

1714790636
Report to moderator
1714790636
Hero Member
*
Offline Offline

Posts: 1714790636

View Profile Personal Message (Offline)

Ignore
1714790636
Reply with quote  #2

1714790636
Report to moderator
SFR10
Legendary
*
Offline Offline

Activity: 2996
Merit: 3417


Crypto Swap Exchange


View Profile WWW
May 21, 2017, 03:10:11 PM
 #2

Unfortunately this isn't good enough to disrupt what those bulk buyers are doing from selling at higher prices, since most venues only care for selling out. The first person to approach them for remaining tickets, they'll be selling the remaining seats and usually some of these venues, even tend to make a deal with these sellers for some profit going towards the venue (there were few cases). Also in terms of privacy, most venues that I've attended, didn't require any verification processes (besides showing the ticket), so a little advantage only (for places that require).

Regardless of it, it will be a good alternative (if someone can deliver this).

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Nagadota (OP)
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500


ClaimWithMe - the most paying faucet of all times!


View Profile WWW
May 21, 2017, 06:12:37 PM
 #3

Unfortunately this isn't good enough to disrupt what those bulk buyers are doing from selling at higher prices, since most venues only care for selling out.
Scalpers only make profit if they sell all of their tickets.  Therefore if the event sold out through illegitimate means, it would at least be close to selling out through legitimate means.
Quote from: SFR10
The first person to approach them for remaining tickets, they'll be selling the remaining seats and usually some of these venues, even tend to make a deal with these sellers for some profit going towards the venue (there were few cases).
I can see that potential issue, yes.  Hopefully with more awareness of blockchain technology this would become more frowned upon.
Quote from: SFR10
Also in terms of privacy, most venues that I've attended, didn't require any verification processes (besides showing the ticket), so a little advantage only (for places that require).
True, but proving that you actually personally own the ticket and bought it firsthand does require verification processes.  The festival Glastonbury, for example, requires people to give passport photos and more to prove their identity months before the event so that they can avoid scalpers themselves, but blockchain technology can make this so much easier.

hatshepsut93
Legendary
*
Offline Offline

Activity: 2968
Merit: 2145



View Profile
May 22, 2017, 05:44:08 PM
 #4

I just had a thought:  all the time, scalpers buy thousands of tickets to gigs and stadiums and resell the tickets to fans at much higher prices.  These bastards price ordinary fans right out of their events.  The solution should be cryptographic proof.

Think of it like this: a band/artist/venue puts up their tickets to a Bitcoin based service.  Someone sends them Bitcoin.  When they get there, they show the venue a signed message from the address that they used to pay.  Suddenly, the secondary ticketing market becomes extremely complicated, and Bitcoin users don't even have to verify their actual identity with the service.

This could even apply to sports as well.

Any thoughts on this?  I'm not a real developer so I have no idea on the details.



If Bitcoin would become a universal payment method, like cash or credit cards today, than it may work, but if you try to implement it today, many people who never tried Bitcoin before woud either just decide not to visit this event or run into technical difficulties - installing wallets, buying and sending bitcoins, getting their transcation stuck due to low fee, not being able to sign a message, etc. Today merchants offer BTC as additional payment method, and they do it for a reason.

.BEST.CHANGE..███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
Joel_Jantsen
Legendary
*
Offline Offline

Activity: 1862
Merit: 1308

Get your game girl


View Profile
May 22, 2017, 06:29:10 PM
 #5

I just had a thought:  all the time, scalpers buy thousands of tickets to gigs and stadiums and resell the tickets to fans at much higher prices.  These bastards price ordinary fans right out of their events.  The solution should be cryptographic proof.
But wait.Don't you think the fans should be responsible enough to buy the tickets from legit online sources than to wait for the last day to buy from the scalpers ?

Think of it like this: a band/artist/venue puts up their tickets to a Bitcoin based service.  Someone sends them Bitcoin.  When they get there, they show the venue a signed message from the address that they used to pay.  Suddenly, the secondary ticketing market becomes extremely complicated, and Bitcoin users don't even have to verify their actual identity with the service.
Don't you think the same model can be achieved with normal cash but with better management ? This doesn't solve the problem as scalpers can buy tickets with 10 different addresses,sign them and sell it for much higher prices at the venues.

Iranus
Hero Member
*****
Offline Offline

Activity: 1806
Merit: 534


Leading Crypto Sports Betting & Casino Platform


View Profile
May 22, 2017, 08:49:00 PM
 #6

I just had a thought:  all the time, scalpers buy thousands of tickets to gigs and stadiums and resell the tickets to fans at much higher prices.  These bastards price ordinary fans right out of their events.  The solution should be cryptographic proof.
But wait.Don't you think the fans should be responsible enough to buy the tickets from legit online sources than to wait for the last day to buy from the scalpers ?
Nah, the OP's got a point.  Venues often sell out pretty fast because of scalpers.  The only reason that scalpers exist is to sell their tickets to fans who are willing to pay more because the show is sold out and they have no other choice.
Quote from: Joel_Jantsen
Think of it like this: a band/artist/venue puts up their tickets to a Bitcoin based service.  Someone sends them Bitcoin.  When they get there, they show the venue a signed message from the address that they used to pay.  Suddenly, the secondary ticketing market becomes extremely complicated, and Bitcoin users don't even have to verify their actual identity with the service.

This doesn't solve the problem as scalpers can buy tickets with 10 different addresses,sign them and sell it for much higher prices at the venues.

In theory yes, but they'd have to transfer the entire wallet to every person as the concept is to do it at the venue.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!