hyzo on Farcaster

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Vitalik Buterin

"[X] is underpriced" is a perenially unpopular, but often very correct take. If demand > supply at the current price, you are going to get back to equilibrium _somehow_. Either that happens by people paying more in money, or it happens by people paying more in time (eg. waiting in line, staying up until 3AM to snap up a ticket). The former is more honest and is far less value-destructive. If you want to give non-rich people a chance to participate, then sure, allocate some tickets non-financially, but do it in a way that targets some other goal (eg. proof of volunteering, proof of getting good grades...). Basically, acknowledge that an auction will exist, but create more ways for people to bid that target diverse constituencies. Lotteries and lines are just an awful way to allocate things. https://x.com/MorePerfectUS/status/1971272756302844069

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Icetoad 🍕 🎩 🐈

As someone that's probably seen 1000 concerts at this point in my life (119 just in 2013 alone), I've watched prices go up and up and people keep paying. Part of the reason is that recorded music doesn't command the premium it once did so musicians have to make money through live concerts and/or physical merchandise. Ticketmaster/Live Nation is essentially a monopoly though. They are the biggest promoter and the biggest ticket seller. Even AEG comes no where near them in terms of promotion. They also owns a good chunk of venues. Ticketmaster should have never been allowed to merge with LN. Luckily most of the musicians I like still plan small to medium sized venues and I only have to deal with TM/LN once in awhile.

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Vitalik Buterin

Yeah I agree ticketmaster and co should be disintermediated, ideally people would just sell tickets as NFTs onchain. Though at the same time I don't think this will cause ticket prices to drop so much that they flip from "unacceptable" to "acceptable" to many people. So I think that we also need a culture that understands that it's okay for some high-demand fixed-size goods to be expensive in order to pay for making everything else affordable. eg. a world where we get rid of ticketmaster and all extra revenue goes to the artist (so prices don't go down) and in exchange music becomes public domain would be better than a world where we get rid of ticketmaster and prices go down (but getting a ticket is inevitably hard in other ways), and music stays under the copyright regime it has today. You want to focus on making the fixed-cost things freely accessible.

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Icetoad 🍕 🎩 🐈

I personally think that people should support small and medium sized musicians/bands more than they do, but I doubt that will ever really happen to a greater extent than currently.

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Vitalik Buterin

It's possible that AI will actually help here, because it will help a much larger number of artists get their quality up to the theoretical maximum that humans can distinguish, and so we will get music that's more focused on appealing more directly to the culture of more niche communities (and then on top of that we will get lots of pure AI slop, but I feel like concert goers are exactly the people that explicitly want something other than pure AI slop)

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hyzo pfp

As an option, yes +++, maybe it will change the field of activity

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