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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

#41

Post by mhluongo »

m00dy wrote: post #31
themihai wrote: post #23

Earlier quoted context omitted.

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).

Fees depend on the pool category in v3. They can go as low 0.05% for highly correlated assets

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

#42

Post by churchill »

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?

The argument goes both ways - a lot of people investing on the stock market are also gamblers betting that their investments will go to the moon. The only difference is that a lot of non-performing companies get culled before they IPO or shortly after. And after a company lists, the market tends to (although not always) re-value it accordingly.

So, of course they'll be gamblers in crypto and every new field - what matters is for there to be a critical mass of builders making things that can be used on a day-to-day basis vs. those trying to hitch a ride on the bandwagon.

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

#43

Post by Sargos »

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.

As of this writing it is $2.39 to perform a swap on Ethereum Uniswap which isn't great but not too bad when compared to something like Coinbase. On L2s it's around 10 cents which I think most people would agree is acceptable.

Fees from https://l2fees.info/

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

#44

Post by williamcotton »

RuggedPineapple wrote: post #24
williamcotton wrote: post #16

Earlier quoted context omitted.

There’s a decent quantity of people who buy cases upon cases of collectible cards and sell the singles online.

I strongly suspect that number is smaller then imagined. Like, a non-ironic use of the 'There are dozens of us!' line from Arrested Development.

It’s probably a lot bigger than outsider’s would imagine:

https://www.tcgplayer.com/

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

#45

Post by platz »

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…

do you dispute the OP title claim?

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

#47

Post by zmaurelius »

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…

That's the thing with decentralization, since anyone can participate you will always get a bunch of gamblers because most people are not in it for ideology but rather to make a buck. That's just human nature. Is it possible to create incentives to keep the gamblers way? I haven't come across any great ideas so far.

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

#48

Post by LeeroyWasHere »

williamcotton wrote: post #16
dannyw wrote: post #12

Earlier quoted context omitted.

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

There’s a decent quantity of people who buy cases upon cases of collectible cards and sell the singles online.

"Healing Crystals" , multi billion dollar industry, I don't see anyone complaining about the pollution of water ways, destructive mines and slave labor... But NFTs are a scam...

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

#50

Post by Sargos »

platz wrote: post #45
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…

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.
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