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by EGreg
708 days ago
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willingness to get ripped off LOL I built a blockchain-based solution. It features a price discovery mechanism: you auction off M tickets to M people, the price goes up every time after M people buy and the oldest buyer is booted when the others buy, but can buy back in again. Buyers can set a “reserve price” to automatically bid up to that price. No scalping, because tickets aren’t transferrable. Similarly, you can disallow transfering of bearer token X but let the user sell it back to the central market maker and someone else buys it. Enforcing commissions on sales. Blockchain makes all this work, decentralized. |
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