this post was submitted on 07 Dec 2023
1149 points (97.6% liked)
Technology
59579 readers
5266 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Make the smart contract that forbids multiple transfers, or make transfer more expensive after the initial purchase (unless authorized by some pre-approved address and/or an address that has an associated real ID)
Because we'd like to have a system that can not be manipulated or controlled by a single entity?
You still do though, that's the entire point. Whenever your token interacts with the real world who ever is doing that is a single entity controlling the process.
So less protection against reselling than a ticket with the name of the person who originally bought it, while also milking large amounts of transfer fees to now have a much larger token with code in it. Why would you you want to have a more complex, more expensive, less good system?
At any given individual event, yes. But if there is any abuse, it is easy to change said entity.
What I have in mind would be that we can take all these separate functions performed by a large company and break them apart. A centralized organization could be broken apart, but that would require a lot more political power than by simply designing up the system in a way that all functionality is spilt and has to conform to a specific interface.
Are you talking about the blockchain fees or the ones established by the "smart contract"? If the former, those can easily be avoidable by using a separate blockchain (specific for the use case and backed/supported by the participating venues, which would be glad to pay anything reasonable compared to the racket run by Ticketmaster), or like I said, not even use a blockchain at all and just stick with a permissioned consensus system.