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by gjulianm 1628 days ago
> I think a case can be made that Ticketmaster will be replaced (or replace itself) with blockchain tech that will eliminate scalpers.

Blockchain does not do too much to eliminate scalpers. One could easily make thousands of wallets, buy the tickets and then resell them. What stops scalpers is tickets tied to personal identity, and blockchain can't really tie wallets to personal identity without a central physical authority.

> Visa and Mastercard will most likely be replaced

Visa and Mastercard won't be replaced as long as cryptocurrencies do not provide fraud protection or chargebacks (that seems a little bit impossible given the irreversibility of crypto transactions) or credit lines that require less than 100% collateral.
1 comments
ekanes 1628 days ago
To eliminate scalpers, I don't need to know who's behind a wallet, I just need to look at the wallet and see it's a first-time buyer from me (Ticketmaster) or the performer. Either way, it can go to towards the back of the line. Someone who buys lots of tickets (and I can see they don't re-sell them!) moves to the front of the line. Happy venues, happy fans, happy performers!

For Visa: Smart contracts that hold the money for 30 days and a real-world interface for customer service (new companies will be borth to offer this I bet) will mean lower fees.

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gjulianm 1628 days ago
> Happy venues, happy fans, happy performers

Except for the fans that couldn’t get a ticket because it’s the first time they do and they go to the back of the line, or the ones that sold a ticket because they couldn’t attend and now they can’t buy tickets.

> Smart contracts that hold the money for 30 days and a real-world interface for customer service (new companies will be borth to offer this I bet) will mean lower fees.

Which means a 30-day payment lag for everyone and is far more prone to abuse if the client can unilaterally charge back any transaction. Also doesn’t help when credentials are stolen.

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ekanes 1627 days ago
No, the fans that don't get a ticket are just at the "new/unkown" part of the line. They cannot be worse off than now.

For the payment lag, that's what we have now with Visa/MC. No difference.

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