Comment on I wish there were more articles about tech not tech biz
Womble@lemmy.world 6 months agoBecause we’d like to have a system that can not be manipulated or controlled by a single entity?
You still do though, that’s the entire point. Whenever your token interacts with the real world who ever is doing that is a single entity controlling the process.
Make the smart contract that forbids multiple transfers, or make transfer more expensive after the initial purchase (unless authorized by some pre-approved address and/or an address that has an associated real ID)
So less protection against reselling than a ticket with the name of the person who originally bought it, while also milking large amounts of transfer fees to now have a much larger token with code in it. Why would you you want to have a more complex, more expensive, less good system?
rglullis@communick.news 6 months ago
At any given individual event, yes. But if there is any abuse, it is easy to change said entity.
What I have in mind would be that we can take all these separate functions performed by a large company and break them apart. A centralized organization could be broken apart, but that would require a lot more political power than by simply designing up the system in a way that all functionality is spilt and has to conform to a specific interface.
Are you talking about the blockchain fees or the ones established by the “smart contract”? If the former, those can easily be avoidable by using a separate blockchain (specific for the use case and backed/supported by the participating venues, which would be glad to pay anything reasonable compared to the racket run by Ticketmaster), or like I said, not even use a blockchain at all and just stick with a permissioned consensus system.