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So using the access key as an example: If I buy an NFT that grants me access to a very exclusive conference, how can I be sure that security will actually let

by leifg 4y ago

So using the access key as an example: If I buy an NFT that grants me access to a very exclusive conference, how can I be sure that security will actually let me into this conference? Or how can I be sure at the time of purchase that the conference will actually happen?

pru567 4y ago
No one can be absolutely certain of a future event, but you are being unreasonably negative.
- leifg 4y ago
  Ok what’s the advantage of an NFT over a regular ticket then?
giaour 4y ago
You would need to have a preexisting trust relationship with the issuer of the NFT. If it was originally minted with a keypair known to belong to the conference organizer or a trusted third party TicketMaster, then it'll probably be honored at the venue. If not, caveat emptor.
- leifg 4y ago
  So how does this have any advantage over a regular ticket? (Other than “collectibles”)
  - giaour 4y ago
    As a buyer, you could validate the authenticity of a ticket from a reseller, so getting a counterfeit from a scalper wouldn't be a worry. I think that's it, though
    - leifg 4y ago
      And that's only possible with Blockchains/NFTs?
      - giaour 4y ago
        No, it's not, but each ticket issuer would need to design and implement their own authenticity check mechanism. I think you misunderstood the tone of my original comment, which was that NFTs introduce an extremely marginal benefit for the ticketing use case while bringing in all the negative aspects of something based on a permissionless blockchain AND still requiring a trust relationship with the issuer to be established out of band.
        leifg 4y ago
        > I think you misunderstood the tone of my original comment, which was that NFTs introduce an extremely marginal benefit for the ticketing use case while bringing in all the negative aspects of something based on a permissionless blockchain AND still requiring a trust relationship with the issuer to be established out of band. Fair point, I didn't see that. I would however make the argument that in reality NFTs wouldn't introduce any benefit. Digital tickets and a centralized software that takes care of reselling completely solves the issue of fake tickets (at least on the technical side). None of this requires NFTs.

by leifg 4y ago

pru567 4y ago

No one can be absolutely certain of a future event, but you are being unreasonably negative.

leifg 4y ago
Ok what’s the advantage of an NFT over a regular ticket then?

giaour 4y ago

You would need to have a preexisting trust relationship with the issuer of the NFT. If it was originally minted with a keypair known to belong to the conference organizer or a trusted third party TicketMaster, then it'll probably be honored at the venue. If not, caveat emptor.

leifg 4y ago
So how does this have any advantage over a regular ticket? (Other than “collectibles”)
- giaour 4y ago
  As a buyer, you could validate the authenticity of a ticket from a reseller, so getting a counterfeit from a scalper wouldn't be a worry. I think that's it, though
  - leifg 4y ago
    And that's only possible with Blockchains/NFTs?
    - giaour 4y ago
      No, it's not, but each ticket issuer would need to design and implement their own authenticity check mechanism. I think you misunderstood the tone of my original comment, which was that NFTs introduce an extremely marginal benefit for the ticketing use case while bringing in all the negative aspects of something based on a permissionless blockchain AND still requiring a trust relationship with the issuer to be established out of band.
      - leifg 4y ago
        > I think you misunderstood the tone of my original comment, which was that NFTs introduce an extremely marginal benefit for the ticketing use case while bringing in all the negative aspects of something based on a permissionless blockchain AND still requiring a trust relationship with the issuer to be established out of band. Fair point, I didn't see that. I would however make the argument that in reality NFTs wouldn't introduce any benefit. Digital tickets and a centralized software that takes care of reselling completely solves the issue of fake tickets (at least on the technical side). None of this requires NFTs.