shazow on Farcaster

Vitalik Buterin pfp

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 🍕 🎩 🐈 pfp

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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shazow pfp

> They also owns a good chunk of venues. I think that's the underrated point, even on top of the venues they own they also have exclusive contracts with basically every major venue all over the world, and many publishers too. Venues can't get performers without TM, performers can't get venues without TM.

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shazow pfp

Some deets here https://www.justice.gov/archives/opa/pr/justice-department-sues-live-nation-ticketmaster-monopolizing-markets-across-live-concert

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Icetoad 🍕 🎩 🐈 pfp

Icetoad 🍕 🎩 🐈

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