1505
What do you think will the tech bros jump on next? (feddit.org)
submitted 1 year ago by to c/memes@lemmy.world
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[–] 7 points 1 year ago (2 children)

I'm just not sure what utility this has for a traveler. You don't need NFTs to implement transferrable plane tickets, though this does seem to try to ensure that the airline(?) gets a cut of any sales between passengers. It's the same pattern every time with NFTs, the only thing they seem to do is complicate matters while attempting to make a market out of thin air and take a cut of any related transactions.

No major US airline allows passengers to transfer tickets, and I don't think it's because they lack the technology to do so and NFTs would fill the void. If they did do this and it was possible to buy and sell plane tickets on an open blockchain based market, couldn't one just buy all of the tickets for popular flights and sell them at a markup?

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  • [–] -1 points 1 year ago

    No major US airline allows passengers to transfer tickets

    This is because US airlines are legally allowed to sell more seats than they have on a flight. Talk about overcomplication.

    couldn't one just buy all of the tickets for popular flights and sell them at a markup?

    One could, but there would be a risk of not being able to sell them. Airlines would be taking a cut so they don't mind, and they sell all their seats.

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  • [–] -5 points 1 year ago (2 children)

    You know a guy who first saw the new fangled automobiles once said 'That's all well and good, but where do you attach the horse?'

    You don't NEED the internet, or digital transactions, or credit cards, or any of the other dozens of technological advancements in wealth management that have come about since the 50s either but they exist and make everyone's lives easier

    Tickets as NFTs are a great idea because it absolutely prevents overbooking. Did you ever even consider that? Can't mint more NFTs than the plane has seats

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  • [–] 5 points 1 year ago* (last edited 1 year ago) (1 child)

    interesting, around here we do it with numbered seats. if you give each seat a specific number turns out you can match that with numbered tickets. somehow airlines don't make tickets with numbers that don't match with any seats. insane tech.

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  • [–] -4 points 1 year ago (1 child)

    How magnificently naive if you think that's how it happens nowadays...

    https://www.getgoing.com/blog/why-do-airlines-overbook/

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  • [–] 1 point 1 year ago (2 children)

    way to miss the point. literally everyone knows that they overbook. that's not because they're not using nfts. it's because they want to overbook. you said nfts would prevent overbooking. I say you can just prevent overbooking by not overbooking. it has nothing to do with nfts.

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  • [–] 0 points 1 year ago (1 child)

    NFTs would prove to the customers that their flight is not being overbooked.

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  • [–] 2 points 1 year ago (1 child)

    but why would they want to do that if the intention is to overbook

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  • [–] 0 points 1 year ago (1 child)

    It's a bit chicken and egg. One of the reasons airlines overbook is because there is no efficient secondary market.

    But overbooking is seen as a profit center (I.e. consumers lose out) so only low cost airlines looking to provide consumer value would have any interest in NFT tickets.

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  • [–] 2 points 1 year ago (1 child)

    They could set up an efficient secondary market if they wanted to, without NFTs.

    But they do not want to, so they will never use NFTs to do so either.

    Aiports overbook because there are always passengers that do not show up and they want to make sure their planes are fully booked.

    Those late/missing passengers arent going to sell their ticket to other passengers. So NFTs would literally solve nothing

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  • [–] 0 points 1 year ago

    They could set up an efficient secondary market if they wanted to, without NFTs.

    They could, but NFTs are a cheaper, more secure way of transacting.

    Aiports overbook because there are always passengers that do not show up and they want to make sure their planes are fully booked.

    That doesn't have to be how they work.

    Those late/missing passengers arent going to sell their ticket to other passengers.

    What? They would love to.

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  • [–] -1 points 1 year ago (1 child)

    actually having to pay off extra passengers can get expensive, up to 10k per seat, so even one willing passenger without a seat is a loss, but they accept that possibility based on a curve over time of profit across all flights calculated on historical outcomes. Some flights will be overbooked and they accept that as the cost of making sure that other flights are more filled

    The reason they overbook is that there is no human way to seamlessly transfer ticket ownership between pass holders down to the moment of boarding, across all venues and services where the tickets are sold.

    NFTs add a platform that is universal, secure, and publicly accessible. No other database offers that

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  • [–] 1 point 1 year ago (1 child)

    if you want to do it you can do it without nfts. clearly the airlines don't deem it worth the effort. there's no reason why you can't make a system that easily transfers ownership. this is trying to find a problem for a solution.

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  • [–] 5 points 1 year ago (1 child)

    You know a guy who first saw the new fangled automobiles once said 'That's all well and good, but where do you attach the horse?'

    Sure, but this is not a positive argument for your position. This does not mean that everything with doubters is, in fact, good and misunderstood.

    Tickets as NFTs are a great idea because it absolutely prevents overbooking. Did you ever even consider that? Can't mint more NFTs than the plane has seats

    You can prevent overbooking without blockchain/NFTs. Airlines overbook because they want to, and presumably they would still want to do so if they adopted NFT tickets. There is nothing about using blockchain that would prevent this, they would just mint more NFTs than there are seats for each flight with the hope/expectation that a few ticket holders would not show up.

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  • [–] -3 points 1 year ago (1 child)

    Sure, but this is not a positive argument for your position.

    So now you're just going to discount the time I spent setting you up several use cases?

    You can prevent overbooking without blockchain/NFTs. Airlines overbook because they want to,

    And the reason for their overbooking, maximum profit, would be achieved seamlessly with a blockchain based ticketing system as there is no human input lag that causes double booking

    You keep arguing that there are other ways of doing the things that the programatic nature of NFT contracts offer but NONE of them provide it all in one ridiculously transparent, unfalsifiable open source way that can be literally implemented on every platform

    That's why I used the car and the horse example, you are the one saying: "Yes we already have horses already, why do we need a car? And how would a horse even USE a car you silly billy?"

    The really sad thing is I'm waiting for a moment of realization from you that it is blatantly clear you are incapable of achieving. Pretending to be open minded is intellectually dishonest

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  • [–] 4 points 1 year ago* (1 child)

    So now you’re just going to discount the time I spent setting you up several use cases?

    I didn't thoughtlessly discount anything, I'm just saying that while "some people didn't see how cars could be useful" is true, it does not mean that everything that has doubters is actually a misunderstood wonder. Plenty of things with fervent true believers that have been supposed to change everything were, in fact, duds.

    And the reason for their overbooking, maximum profit, would be achieved seamlessly with a blockchain based ticketing system as there is no human input lag that causes double booking

    Human input lag is not generally the cause of overbooking. The overbooking is intentional. NFTs have no unique ability to prevent it. This is not a tech problem, and so it cannot be solved by tech. I'm open to the possibility that airline tickets are just a bad example, of course, and it wasn't even an example you presented.

    You keep arguing that there are other ways of doing the things that the programatic nature of NFT contracts offer but NONE of them provide it all in one ridiculously transparent, unfalsifiable open source way that can be literally implemented on every platform

    This is all rather vague. The benefits are not obvious, so you need to be more specific.

    That’s why I used the car and the horse example, you are the one saying: “Yes we already have horses already, why do we need a car? And how would a horse even USE a car you silly billy?”

    You might be the one who is saying "the hyperloop will change travel forever!" Everything you're writing seems like vague motivated reasoning presupposing that NFTs are the solution to problems that you don't even seem to understand.

    The really sad thing is I’m waiting for a moment of realization from you that it is blatantly clear you are incapable of achieving. Pretending to be open minded is intellectually dishonest

    😏

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  • [–] -1 points 1 year ago (1 child)

    So an airline wants to sell every single possible seat on every plane, but not have too many people on the plane on takeoff because buying off those customers costs money, but plenty of customers cancel last minute so it is inefficient to only hand out just as many tickets as seats. The number is arrived at by sophisticated behavior algorithms that aren't very accurate, but are more accurate than current human estimations

    There are also 3rd party sellers that receive segments of ticket and can and do act as brokerages in a grey market that if the idiots in washington understood would be a lot more heavily regulated

    What NFTs bring to the game: New classes of tickets: Quantum Tickets. They're not really tickets till you board.

    So you have normal seating for the existing classes, 1st to coach that are NFT guaranteed and once you have your ticket you KNOW you will be getting that seat. You can also transfer ownership of this ticket yourself for any reason, automatically and seamlessly through the app

    Now we have a pool of quantum travelers that for the savings of a bit on the price, enter a randomized allocation of the remaining unused tickets, late cancellations, and other non-check ins.

    ALL seamless, all on the app. From the outside it looks like any other boarding situation but now we have a very good chance every single sold seat will be taken.

    Can't do that with existing systems, the methods of transfer are platform locked and even ones that offer API refuse to play with other services.

    NFTs make a universal contract language that any business can use to transfer assets automatically and programattically in such a way that CANNOT be falsified

    There is literally no other open source, cross platform solution that even comes close to offering 30% of this

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