Do not rug on me: Zero-dimensional Scam Detection
1–10 of 158 posts
Re: Do not rug on me: Zero-dimensional Scam Detection
#2For reference, Uniswap is a cryptocurrency exchange which uses a decentralized network protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
Re: Do not rug on me: Zero-dimensional Scam Detection
#3Sure, because anyone can create and list a token on Uniswap. The only cost are the gas fees. That doesn't mean those tokens have any real liquidity or are being used. Just like anyone can create a website and put it online. The only cost are the hosting fees. That doesn't mean it'll get any visitors.
Re: Do not rug on me: Zero-dimensional Scam Detection
#4100% of my drawings are not real 'art'. Come on, what is this?
Re: Do not rug on me: Zero-dimensional Scam Detection
#5Sure, because anyone can create and list a token on Uniswap. The only cost are the gas fees. That doesn't mean those tokens have any real liquidity or are being used. Just like anyone can create a website and put it online. The only cost are the hosting fees. That doesn't mean it'll get any visitors.
Yet 97% of websites will not steal your money.
Re: Do not rug on me: Zero-dimensional Scam Detection
#6100% of my drawings are not real 'art'. Come on, what is this?
Are they scam?
Re: Do not rug on me: Zero-dimensional Scam Detection
#7What constitutes a scam?
I'm about as much of an NFT hater as you can be.
But people spend money on lots of "dumb" stuff.
So why is an NFT a scam if Pokemon cards aren't?
Both of them are artificially scarce. Both of them are mainly about buying cute pictures. And at least for a lot of the buyers, it's about speculating the price will go up in the future.
Re: Do not rug on me: Zero-dimensional Scam Detection
#8…so far
Of the remaining tokens it’s likely that a large portion will rug in the future.
Re: Do not rug on me: Zero-dimensional Scam Detection
#9What constitutes a scam? I'm about as much of an NFT hater as you can be. But people spend money on lots of "dumb" stuff. So why is an NFT a scam if Pokemon cards aren't? Both of them are artificially scarce. Both of them are mainly about buying cute pictures. And at least for a lot of the buyers, it's about speculating the price will go up in the future.
Who says Pokemon cards aren't? ;)
Re: Do not rug on me: Zero-dimensional Scam Detection
#10For reference, Uniswap is a cryptocurrency exchange which uses a decentralized network protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
Would you mind explaining that in even simpler terms?