Exactly!
I always had a hard time imagining how smart contracts would logistically work in meatspace. It’s nice to hear from a lawyer, who actually understands them, answer: “They don’t.”
I do think that there’s a use-case for NFTs, though, and that is event tickets. Easy and safe to sell p2p online, and even buy anonymously. It would be instantly cryptographically verifiable that the ticket is genuine, not a duplicate, and not yet redeemed. Venues, bands, sports teams, conferences, etc. could mint their own tickets and sell them without an intermediary. And you get to “keep” the tickets to all the events you attended since they’d be attached to your public key.
I don’t know enough about the technical details of smart contracts, so maybe that’s what’s needed to make all this “work”. At least the escrow part of selling the tickets p2p? And/or the redeeming part where you actually enter the venue, making it so you can no longer sell the ticket to someone outside?
It’s interesting to think about. Of course, it destroys Ticketmaster’s business model, which is a stranglehold on the entire meatspace entertainment industry. I heard they make more money on reselling scalped tickets than the original sale. I don’t see them letting go easily.
triskal / Shawn
npub1lvf…ukxq
2024-04-19 18:19:46
in reply to nevent1q…4ddh
Author Public Key
npub1lvfkd274unyj4z54q7gmcuk4r00zjx5r24wt933f4yh7m4uqdzkqnmukxqPublished at
2024-04-19 18:19:46Event JSON
{
"id": "543583e655d2cdd6d4cf92b323fd085b5409ef0170cfcab1851fb3848d6df9c9",
"pubkey": "fb1366abd5e4c92a8a950791bc72d51bde291a83555cb2c629a92fedd78068ac",
"created_at": 1713543586,
"kind": 1,
"tags": [
[
"e",
"abde0011e098a0527c6323fbc60bbcbd657207070691c36b117317f629b2a199"
],
[
"p",
"000002de954405f6471e92ef46027059271c9fd80dadba406b0caca3c05780a7"
]
],
"content": "Exactly!\n\nI always had a hard time imagining how smart contracts would logistically work in meatspace. It’s nice to hear from a lawyer, who actually understands them, answer: “They don’t.”\n\nI do think that there’s a use-case for NFTs, though, and that is event tickets. Easy and safe to sell p2p online, and even buy anonymously. It would be instantly cryptographically verifiable that the ticket is genuine, not a duplicate, and not yet redeemed. Venues, bands, sports teams, conferences, etc. could mint their own tickets and sell them without an intermediary. And you get to “keep” the tickets to all the events you attended since they’d be attached to your public key.\n\nI don’t know enough about the technical details of smart contracts, so maybe that’s what’s needed to make all this “work”. At least the escrow part of selling the tickets p2p? And/or the redeeming part where you actually enter the venue, making it so you can no longer sell the ticket to someone outside?\n\nIt’s interesting to think about. Of course, it destroys Ticketmaster’s business model, which is a stranglehold on the entire meatspace entertainment industry. I heard they make more money on reselling scalped tickets than the original sale. I don’t see them letting go easily.",
"sig": "a0dd15aba66e5470f6c30fdef7a5197b0c802f4c91d8abc6476e90f65dc1a38902e13ff8b9853b5b47432bf47401e0ec7a595775760aef39ec7cfc88a83631a0"
}