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submitted 10 months ago by themaninblack@lemmy.world to c/memes@lemmy.ml
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[-] Euphorazine@lemmy.world 3 points 10 months ago

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.

this post was submitted on 02 Feb 2024
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