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Do not rug on me: Zero-dimensional Scam Detection

arxiv.org

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

#61

Post by kareemsabri »

Sargos wrote: post #50
platz wrote: post #45

Earlier quoted context omitted.

do you dispute the OP title claim?

Why would I dispute it? At best the title is misleading though as most readers likely aren't aware of how Uniswap works and will think "97% of the tokens are scams so Uniswap is unsafe to use" which isn't true in the slightest.

How is it misleading it's an accurate statement of the findings of an analysis. Your argument is they won't see those tokens cause they're gonna search out the one they like (and that one won't be a scam?)

What they'll conclude reading this is "wow, crypto is full of scams" and be right.

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

#62

Post by zeroclip »

adamgordonbell wrote: post #51

Uniswap seems like on of the few actual bits of blockchain innovation. A distributed exchange is very cool. Prevents things like FTX in theory right?

Yes. Uniswap and Aave user deposits are not affected by FTX meltdown and withdrawals cannot be paused by a single company.

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

#63

Post by Sargos »

pyrale wrote: post #52
Sargos wrote: post #50

Earlier quoted context omitted.

Why would I dispute it? At best the title is misleading though as most readers likely aren't aware of how Uniswap works and will think "97% of the tokens are scams so Uniswap is unsafe to use" which isn't true in the slightest.

Yeah, people should remember that they have 2.3% chance of not getting scammed on uniswap. That's the definition of safe to use.

Misconceptions like yours are why the title is misleading. If you go to Uniswap right now you will not see any of these tokens and have a near 0% chance of being scammed.

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

#65

Post by ethanbond »

Sargos wrote: post #60
synu wrote: post #56

Earlier quoted context omitted.

97% of the tokens are scams so it is safe to use? Or am I misunderstanding your point?

If you go to Uniswap right now you won't see any of these tokens. You run no risk of getting scammed by using Uniswap unless you go out of your way and manually add them.

Which you have to do to use Uniswap, right?

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

#66

Post by fieldcny »

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.

You clearly aren’t as much of an NFT hater as you claim to be.

The difference is when I buy a Pokémon card, I own the physical item.

When I buy an NFT I buy a digital claim on some item, but you don’t actually own the item, you own the claim that you own the item.

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

#68

Post by pyrale »

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.

NFTs are litterally the anti pokemon cards.

Pokemon cards were sold for kids to have fun, and in the end they actually are valuable, whereas NFTs were marketed as valuable, and in the end kids make fun of people buying them.

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

#69

Post by ethanbond »

DavidFerris wrote: post #59

> "However, the algorithm is only valuable for detecting scams accurately after they have been executed." Forgive me, but isn't it only useful to detect scams before they happen?

It’s more useful, sure. But it’s certainly still useful to know historical information.

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

#70

Post by synu »

Sargos wrote: post #60
synu wrote: post #56

Earlier quoted context omitted.

97% of the tokens are scams so it is safe to use? Or am I misunderstanding your point?

If you go to Uniswap right now you won't see any of these tokens. You run no risk of getting scammed by using Uniswap unless you go out of your way and manually add them.

Looking at the paper abstract, it says the identified scams by looking at transactions. So it seems at least some people are manually adding them and getting scammed. Or are you saying anyone who does that is by definition using Uniswap wrong and shouldn’t be counted as being scammed on Uniswap?
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