The blockchain could save music fans from scalpers

Joel_Jantsen

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Quote from: Nagadota on May 21, 2017, 07:36:30 AM

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 ?

Quote from: Nagadota on May 21, 2017, 07:36:30 AM

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.

hatshepsut93

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Quote from: Nagadota on May 21, 2017, 07:36:30 AM

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.

Nagadota

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Quote from: SFR10 on May 21, 2017, 10:10:11 AM

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.

SFR10

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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).

Nagadota

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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.

Topic: The blockchain could save music fans from scalpers (Read 551 times)