Isn’t world coin an answer?
Isn't dystopia an answer?
Yes, but no.
CAPTCHAs are over (in ticketing)
141–150 of 285 posts
Re: CAPTCHAs are over (in ticketing)
#142I am unsympathetic when people insist on selling things for the wrong price and then come up with these elaborate schemes for fixing the problems they themselves caused. If they would simply sell tickets for the prices people are willing to pay in the first place then they wouldn't need to invade privacy or any of this stuff. I've heard the arguments they use to justify why they don't and they're all hogwash.
Because artists need an at least semi-competent vis-a-vis, AKA audience. This is the main proposition for entering a stage to begin with. And chances are that the most economical potent ticket buyers are not in this group and probably also not the most enthusiastic about the act. So there's a natural incentive to aim not for the highest cap, but for a somewhat realistic medium. I.e., "the prices people are willing to…
If people paying high prices for tickets makes the event worse, as people seem to believe without evidence, then prices will come down, solving the problem naturally. These arguments make zero sense.
Re: CAPTCHAs are over (in ticketing)
#143I can’t claim I’m the first one to think about this, but every time Ticketmaster shows up on HN I keep coming back to this idea: Sell the tickets with regressive price based on time. Sales starts say 2 months before event, initial price is truly exorbitant, say one million dollars. Price decreases linearly down to zero (or true cost price). At any point, people can see current price and the seats left. Now every pote…
The scalper problem is a mispricing problem: Scalpers are just arbitrageurs because ticket prices are artificially very low. If you want to fix that, you need to ask yourself "why are ticket prices artificially very low?" first. The answer probably isn't "artists/venues like leaving money on the table".
What is it then?
Re: CAPTCHAs are over (in ticketing)
#144Earlier quoted context omitted.
Bidding for tickets would cut out the scalpers and maximize revenue for the performers (and ticket agencies). So, if you want to go, pick your ticket class (rough area) and specify how much you’re willing to pay. The ticket seller orders bids by value, taking the top ones first, and then allocates tickets. Anything unsold is offered as usual on a specified day. People that really want to go get to go and the performe…
My understanding is that performers have shied away from this model because it results in less affluent fans being excluded. Lotteries are generally preferred. You could theoretically eliminate lottery scalping by making the tickets non-transferable, but I’m not sure how feasible that would be.
Yep, but that’s not working out for them very well. The only thing that will eliminate the scalpers is reducing the amount of money they can make such that they decide that it isn’t worth it anymore.
Re: CAPTCHAs are over (in ticketing)
#145I can’t claim I’m the first one to think about this, but every time Ticketmaster shows up on HN I keep coming back to this idea: Sell the tickets with regressive price based on time. Sales starts say 2 months before event, initial price is truly exorbitant, say one million dollars. Price decreases linearly down to zero (or true cost price). At any point, people can see current price and the seats left. Now every pote…
Auctions work great for price discovery. Check this out:
https://community.intercoin.app/t/intercoin-applications-auc...
also:
https://community.intercoin.app/t/applications-of-intercoin-...
Re: CAPTCHAs are over (in ticketing)
#146I can’t claim I’m the first one to think about this, but every time Ticketmaster shows up on HN I keep coming back to this idea: Sell the tickets with regressive price based on time. Sales starts say 2 months before event, initial price is truly exorbitant, say one million dollars. Price decreases linearly down to zero (or true cost price). At any point, people can see current price and the seats left. Now every pote…
> but it will definitely fix the scalpers problem Nobody wants to fix the scalpers problem because, to the Ticketmaster monopoly, scalpers aren't a problem . The Ticketmaster monopoly values known, consistent, derisked revenue over possible lottery ticket windfalls with the possibility of complete wipeout. Scalpers do exactly that. Scalpers are only a problem to fans. And scalpers are only a problem online because th…
Let’s put busting the ticketmaster monopoly to the side for a second, and look at the issue regardless of players
If you want to remove scalpers, just make sure tickets are non-transferrable and run an auction for price discovery.
I built it on the blockchain years ago.
Re: CAPTCHAs are over (in ticketing)
#147Earlier quoted context omitted.
The scalper problem is a mispricing problem: Scalpers are just arbitrageurs because ticket prices are artificially very low. If you want to fix that, you need to ask yourself "why are ticket prices artificially very low?" first. The answer probably isn't "artists/venues like leaving money on the table".
What is it then?
My guess: Empty seats look bad and and pricing fans out of concerts may hurt fan relations, even losing them completely.
Also concerts are mainly for the artist to make money. Traditionally they're getting fucked by record labels, making very little on sales of media. Concerts is when you're actually getting paid. It thus being a somewhat less corporate process to decide ticket prices can mean that they just charge as much as they need and want, not as much as they can. Artists are generally considered to be a polar opposite to the "short-term-profit-maximizing" crowd.
Re: CAPTCHAs are over (in ticketing)
#148The option that strikes me as missing, is making users pay a cost before they are randomly entered in a lottery for the ticket. So, for example, everyone pays $0.01 on their credit card, or does a holding charge on their credit card, or registers their identity. All in a 5 minute (or 1 day!) window. And then after the window, tickets are randomly distributed amongst every card which so registered. You could check mul…
I asked why are school vouchers bad since it’s a single payer system.
The “progressives” told me it would starve public schools of funds and students since private schools would admit only the best and brightest
So I said — don’t let the schools choose. Let the people choose. If the school is filled then you use a lottery for who can actually get in, M of N people. Simple.
Re: CAPTCHAs are over (in ticketing)
#149The option that strikes me as missing, is making users pay a cost before they are randomly entered in a lottery for the ticket. So, for example, everyone pays $0.01 on their credit card, or does a holding charge on their credit card, or registers their identity. All in a 5 minute (or 1 day!) window. And then after the window, tickets are randomly distributed amongst every card which so registered. You could check mul…
I suspect the key thing is that the industry really wants scalpers, but must appear to act against them.
The industry has middlemen
Crypto removes middlemen
Then you just have auctions and tickets are not transferable. No middlemen. Simple and honest price discovery.
Re: CAPTCHAs are over (in ticketing)
#150Earlier quoted context omitted.
Neither the performers (raises prices for fans artificially) or ticket agencies (leaves money on the table) want scalpers.
Those may be arguments for why (some) performers and (some people at) ticket agencies don't want scalpers, but empirically, for popular performers, both performers and ticket agencies still set prices lower than the market will bear. They could charge more, but they don't. Eliminating uncertainty about whether a concert will sell out may be the primary reason. Net ticket prices might be dictated by the performers and…
Read this: https://community.intercoin.app/t/intercoin-applications-auc...
This also eliminates uncertainty about whether something will be filled. The uncertainty is only on the side of fans that someine will outbid them for a sold-out concert ticket, and they’ll then get the money back