Re:An NFT without a blockchain
by GauntletWizard on Saturday December 18, 2021 @05:46PM
(#29609359)
Reputation of the provenance and authenticity of goods is an entirely different problem.
[ Parent
| on HN ]
Sure! The tricky bit here, in my mind is:
1. How do you know the ticket is valid?
2a. How do you know I send the ticket after you pay me?
2b. How do I know you send the money after I send the ticket?
3. How do you know I don't send the ticket to someone else too, if it's digital?
Re:An NFT without a blockchain
by GauntletWizard on Saturday December 18, 2021 @09:56PM
(#29610922)
A ticket is valid if and only if it gets you into the concert. You can ask the concert organizers to validate tickets for you. Most concert organizers have concentrated on two sites that allow them to validate tickets. That is why Ticketmaster is valuable, despite its terrible reputation.
A cryptographically signed I owe you is and will always be meaningless. What is meaningful is the signature at the end of the chain, when the concert organizer lets you in.