Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Do not rug on me: Zero-dimensional Scam Detection

arxiv.org

Post reply on HN
Print view View original

31–40 of 158 posts

Re: Do not rug on me: Zero-dimensional Scam Detection

#31

Post by m00dy »

themihai wrote: post #23
m00dy wrote: post #11

so to be speak, Uniswap is the greatest invention of the humankind. It cuts the middle man, regulators, anyone calls himself accredited. The more beautiful thing is that you just need an elementary math to understand how the pricing works.

Last time I've checked it was unusuable due the high trading fees. In theory it's great but in reality it's not really working.

well, trading fee is/was around 0.25%. So it is pretty much okay. I think you meant gas fees. That's fine, you can look for alternatives for that. I think as of now, every chain has uniswap equivalent. (So, running a dex is a profitable business). The only difference is that amount of liqudity and chain properties.( like security vs).

Re: Do not rug on me: Zero-dimensional Scam Detection

#32

Post by ElfinTrousers »

wildrhythms wrote: post #21
churchill wrote: post #19

Crypto is pitched as a decentralized alternative to central bank currencies. Which, I think, is a great idea, especially with CBDCs (which are really going to be the catalyst for fascism on steroids, especially in quasi-democracies) on the horizon. My biggest problem with crypto is that most people who buy and hold it are not truly libertarians looking to scale up usability in the space. They're really just gamblers…

What makes you believe the 'true libertarians looking to scale up usability' are not also gamblers?

Because when a smart guy like the OP does it, it's not a gamble, it's investing.

Re: Do not rug on me: Zero-dimensional Scam Detection

#33

Post by ElfinTrousers »

m00dy wrote: post #11

so to be speak, Uniswap is the greatest invention of the humankind. It cuts the middle man, regulators, anyone calls himself accredited. The more beautiful thing is that you just need an elementary math to understand how the pricing works.

I have the wheel and fire on the phone and they are _pissed_.

Re: Do not rug on me: Zero-dimensional Scam Detection

#36

Post by Sargos »

It's important to note that Uniswap is decentralized and anyone can "list" anything for trading without asking anyone or going through any process. This means there are thousands of tokens, probably millions in the future, available to trade.

Users do not see these tokens unless they actively search them out. Uniswap uses the TokenList standard (https://tokenlists.org/) and by default users only see tokens such as the top 100 projects on CoinGecko. There are many lists created by reputable players such as Aave and Gemini which cover the entire gamut of projects users want to trade without exposing end users to scam tokens.

I believe this is a good system and has worked well as having any kind of listing process or even a DAO introduces subjectivity and provides points of capture for bad actors. With an open listing process and standards like TokenLists we can say that Uniswap is truly a public good and will be around as long as we need it which provides a guaranteed way to swap any asset for any other asset no matter who created it or how controversial it is which is a good primitive for humanity to be able to rely on.

Re: Do not rug on me: Zero-dimensional Scam Detection

#38

Post by mhluongo »

themihai wrote: post #23
m00dy wrote: post #11

so to be speak, Uniswap is the greatest invention of the humankind. It cuts the middle man, regulators, anyone calls himself accredited. The more beautiful thing is that you just need an elementary math to understand how the pricing works.

Last time I've checked it was unusuable due the high trading fees. In theory it's great but in reality it's not really working.

"No one goes there anymore, it's too popular!"

Yesterday over $2.1B in volume cleared on Uniswap [0]. It's certainly useable by someone. If you want cheaper fees, try it on Arbitrum or Optimism.

[0] - https://info.uniswap.org/#/

Re: Do not rug on me: Zero-dimensional Scam Detection

#39

Post by zeroclip »

themihai wrote: post #27
sureglymop wrote: post #10

Earlier quoted context omitted.

Would you mind explaining that in even simpler terms?

It's an exchange developed on Ethereum platform. Basically what FTX is but without a central authority. You may wonder why people don't use Uniswap instead of FTX, Binance etc. The answer is the same reason crypto payments failed: high transaction fees.

People do use Uniswap. It handles similar volume per day as Coinbase.

Transaction fees are one reason. Speed and account UX is another. L2 development is on track to solve some of these problems.

Re: Do not rug on me: Zero-dimensional Scam Detection

#40

Post by Kiro »

dannyw wrote: post #12
onlyrealcuzzo wrote: post #7

What 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.

Not a lot of people spend 10k or 100k on pokemon cards. Quantity matters.

Have you missed streamers blowing millions of dollars on Pokémon cards live? A lot of people are indeed spending 10k or 100k or even millions on Pokémon cards (one card was sold for $5 million last year, but the real money is from people buying packs upon packs).
Post reply on HN