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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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[–] 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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