111–120 of 158 posts
Earlier quoted context omitted.
97% of the things available in my vanguard or Charles Schwab aren't scams. It's preposterous to call a marketplace where less then 3% of the offerings are "legit" a safe market to use.
This misconception is exactly why I made my comment. If you go to Uniswap right now you won't have access to any of these tokens. You are just about as safe as using Charles Schwab.
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.
And the vast number of collectors sure as hell aren't playing games with the valuable cards they collected the past few years. Logan Paul didn't spend $5 million on a Pokemon card just so he had it to play in a Pokemon tournament, especially since it's just an illustrator promo card anyway, doesn't even have a function in the game (at least as far as I can tell, I don't follow this closely, I did have a Magic The Gathering phase, though, which was the OG TCG and also has its own craziness).
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…
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…
>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. Reputable how? like ftx a couple weeks ago? Gemini holds an F rating by the BBB and a massive amount of complaints on trust pilot.[1][2] This is their marketing message "Put your crypto to work. With Gemini Earn, you can receive up to 8.05%…
The only scams possible in the _logic_ of Uniswap are those which would be considered bugs in the code.
Obviously, as this article points out — that’s not a panacea for _all_ scams. But I am surprised that people on a forum about hacking can’t see why eliminating an entire class of bugs could be useful.
Earlier quoted context omitted.
97% of the things available in my vanguard or Charles Schwab aren't scams. It's preposterous to call a marketplace where less then 3% of the offerings are "legit" a safe market to use.
What percentage of the internet consists of pornography and scams? I’m sure the AOL walled garden had much higher quality content than the internet at large.
[1] or whatever they are using now
Earlier quoted context omitted.
>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. Reputable how? like ftx a couple weeks ago? Gemini holds an F rating by the BBB and a massive amount of complaints on trust pilot.[1][2] This is their marketing message "Put your crypto to work. With Gemini Earn, you can receive up to 8.05%…
BBB is an organization meant to scam companies. They provide no value or merit.
I hope this irony was intended!
This title should be changed. It is heavily editorialized. It’s not what the paper is about. It is just causing the typical crypto haters to get out their pitch forks. This article is about fraud detection. The conversation should really be about the machine learning techniques used, and the actual conclusion, which is using those techniques, ” This implies that new malicious tokens can be detected prior to the malic…
Yes, they built a fraud detection system... and with it discovered that 97.7% of tokens were rug pulls
"Based on this theoretical foundation, we provided a methodology to find rug pulls that had already been executed. Not surprisingly, we found that more than the 97,7% of the tokens labelled were rug pulls."
Earlier quoted context omitted.
do you dispute the OP title claim?
Any system that is open to the public will (sadly) have to deal with bad actors. 85% of all email is spam[1]. But that's not a value judgment on the technology--Humanity can still get value from email. Sturgeon's law says 90% of everything is crap. If you deal with other humans, you need a way to sift through that crap. In the case of email, that means use a spam filter. In the case of crypto, it means don't buy shit…
Earlier quoted context omitted.
>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. Reputable how? like ftx a couple weeks ago? Gemini holds an F rating by the BBB and a massive amount of complaints on trust pilot.[1][2] This is their marketing message "Put your crypto to work. With Gemini Earn, you can receive up to 8.05%…
BBB is an organization meant to scam companies. They provide no value or merit.
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…
I get your point, and it's worth pointing out. It's just neutral infrastructure. Trying to think of an analogy, I thought... "It would be like saying 98% of transactions in $USD are scams, that wouldn't mean $USD are unsafe to use." But once i said that in my head... it would definitely say something about a traditional currency if 98% of transactions were scams. (I know uniswap isn't a currency, that just came out o…
If 98% of Uniswap trades were scams then I definitely wouldn't be here discussing it.