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Do not rug on me: Zero-dimensional Scam Detection

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

#121

Post by parkingrift »

hailwren wrote: post #114
dsugarman wrote: post #99

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%…

Not sure what gemini has to do with this, but most people who actually think crypto is interesting will tell you that _any_ centralized exchange (to include coinbase, gemini, the NYSE, even the ones in the future that haven’t been made yet) is against the ethos of crypto. Uniswap is an entirely different class of thing. The only scams possible in the _logic_ of Uniswap are those which would be considered bugs in the…

Ah the “No True Scotsman” fallacy.

No true crypto enthusiasts would use a centralized exchange. If they’re using an exchange, they must not be a true crypto enthusiast.

https://en.wikipedia.org/wiki/No_true_Scotsman

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

#122

Post by mudrockbestgirl »

jrochkind1 wrote: post #109
Sargos wrote: post #36

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…

No, because the number of tokens doesn't matter, the trade volume does. It's not the case that 98% of trade volume/value is scams.

The same applies to your USD analogy. It doesn't matter if 98% of transactions are scams if these 98% are worth a few dollars only. A scammer could make a million transaction worth a cent each. That's very different from a trillion dollars being used in a few big scam transactions.

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

#123

Post by bluedevil2k »

Sargos wrote: post #85
socialismisok wrote: post #78

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.

My Schwab account has insurance and oversight…there’s no universe where Uniswap is anywhere close to as safe as Schwab.

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

#124

Post by Sargos »

headsoup wrote: post #113
Sargos wrote: post #36

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…

How are you evaluating which tokens are legitimate here?

I'm not. One of the points is that I don't have to as TokenLists provides a distributed way of curating legitimate tokens which means you can choose who you personally trust to determine what is legitimate.

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

#125

Post by hailwren »

parkingrift wrote: post #121
hailwren wrote: post #114

Earlier quoted context omitted.

Not sure what gemini has to do with this, but most people who actually think crypto is interesting will tell you that _any_ centralized exchange (to include coinbase, gemini, the NYSE, even the ones in the future that haven’t been made yet) is against the ethos of crypto. Uniswap is an entirely different class of thing. The only scams possible in the _logic_ of Uniswap are those which would be considered bugs in the…

Ah the “No True Scotsman” fallacy. No true crypto enthusiasts would use a centralized exchange. If they’re using an exchange, they must not be a true crypto enthusiast. https://en.wikipedia.org/wiki/No_true_Scotsman

Sure, differentiating between two categories of things is a logical fallacy I guess.

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

#126

Post by r_hoods_ghost »

Sargos wrote: post #36

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…

"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."

Finally, somewhere I can sell my slaves easily!

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

#127

Post by satyrnein »

socialismisok wrote: post #78
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.

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.

Maybe not these days with the popularity of index funds, but it wasn't that long ago that places like Charles Schwab would push actively managed funds that would enrich fund managers while underperforming the market, and then they would close those funds and start new ones. Not quite a rug pull, as you'd keep the remainder of your money, but not great!

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

#128

Post by nuclearnice1 »

kareemsabri wrote: post #110
nuclearnice1 wrote: post #75

Earlier quoted context omitted.

Sargos explained how it’s misleading. > “97% of the tokens are scams so Uniswap is unsafe to use" People are likely to draw the unsafe assumption. Sargos attempted to clarify that some safety is created with filtering via a trusted list.

He explained his argument. I disagreed. My conclusion reading it was, crypto tokens are 98% scams. Uniswap is an exchange. It's a utility, using an open protocol. It's makeup reflects the makeup of the domain.

You asked how it was misleading.

I told you.

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

#129

Post by joosters »

jkepler wrote: post #88
fieldcny wrote: post #66

Earlier quoted context omitted.

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.

You buy a digital claim to own a non-scarce jpeg, that anyone can copy, but only you can "own". Problem is, to enforce your ownership rights you are relying on the security of whatever the underlying block chain is. And, we know that Ethereum has changed history in the past (DAO failure in 2016), and they can do it again anytime a majority of the stakeholders think it ought to be done. I think rule-of-law property ri…

It's even less than that; the NFT doesn't show that you exclusively 'own' anything. Another NFT can exist that points to the same JPEG, it could be on another blockchain or even the same one. Which NFT is the 'real' one?

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

#130

Post by [deleted] »

fortran77 wrote: post #119
joemazerino wrote: post #108

Earlier quoted context omitted.

BBB is an organization meant to scam companies. They provide no value or merit.

You're mostly right about the "A+" ratings--businesses that pay can get their ratings cleaned up--but I'd certainly take an "F" rating as a datapoint.

[deleted]
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