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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 sc

by synu 4y ago

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?

Sargos 4y ago
The paper does not analyze the transactions directly unless I'm missing that piece. There are a number of reasons accounts would interact with the scam tokens such as the scamming group filling up the liquidity pool, creating fake volume to add legitimacy, and other steps to complete the scam. There's also the obvious case of the scammers getting a user to actually buy the token (perhaps through spam email or "pump groups" that give explicit instructions on how to perform the swap) which I'm not saying has never happened but I do claim is more rare. Even the obviously silly scam emails do have the occasional person click on them and lose their money. The upside is that getting scammed on Uniswap is actually harder as you need to manually bypass safety features.
- nuclearnice1 4y ago
  > The paper does not analyze the transactions directly unless I'm missing that piece. It looks at transactions and attempts to classify coins as scam or not. It doesn’t make any claims about the volume in scam coins. That’s more a clickbait headline and HN thread thing. It’s most trying to contribute an algorithm for identifying scam coins. See the appendix for features from the transactions that they used for their algorithm.
alexvoda 4y ago
They are not using it wrong the same way someone being scammed by Nigerian prince spam are not using email wrong. Uniswap filters the tokens available the same modern email providers filters email. If you go looking in the spam folder and fall pray to a scam there, it is your fault, not the fault of the email provider.
- synu 4y ago
  That makes sense, but would you say email then is safe? Or is it something you should watch out for scams on? I am mainly wondering about Uniswap being described as safe.
mudrockbestgirl 4y ago
If you are a scammer, you would typically do wash trading (or hire someone to do wash trading) for your own token to make it look like there is legitimate activity. Just because these tokens have been swapped doesn't mean this was done by retail. The vast majority of these tokens are probably "failed scams" where the scammers tried but failed to generate traction.
GaylordTuring 4y ago
Remember that you can be aware of something being a scam but still trade it, since you believe that the thing won’t collapse just yet. A very risky behavior of course, but it doesn’t mean that you have been scammed yourself.

by synu 4y ago

Sargos 4y ago

The paper does not analyze the transactions directly unless I'm missing that piece. There are a number of reasons accounts would interact with the scam tokens such as the scamming group filling up the liquidity pool, creating fake volume to add legitimacy, and other steps to complete the scam. There's also the obvious case of the scammers getting a user to actually buy the token (perhaps through spam email or "pump groups" that give explicit instructions on how to perform the swap) which I'm not saying has never happened but I do claim is more rare. Even the obviously silly scam emails do have the occasional person click on them and lose their money. The upside is that getting scammed on Uniswap is actually harder as you need to manually bypass safety features.

nuclearnice1 4y ago
> The paper does not analyze the transactions directly unless I'm missing that piece. It looks at transactions and attempts to classify coins as scam or not. It doesn’t make any claims about the volume in scam coins. That’s more a clickbait headline and HN thread thing. It’s most trying to contribute an algorithm for identifying scam coins. See the appendix for features from the transactions that they used for their algorithm.

alexvoda 4y ago

They are not using it wrong the same way someone being scammed by Nigerian prince spam are not using email wrong. Uniswap filters the tokens available the same modern email providers filters email. If you go looking in the spam folder and fall pray to a scam there, it is your fault, not the fault of the email provider.

synu 4y ago
That makes sense, but would you say email then is safe? Or is it something you should watch out for scams on? I am mainly wondering about Uniswap being described as safe.

mudrockbestgirl 4y ago

If you are a scammer, you would typically do wash trading (or hire someone to do wash trading) for your own token to make it look like there is legitimate activity. Just because these tokens have been swapped doesn't mean this was done by retail. The vast majority of these tokens are probably "failed scams" where the scammers tried but failed to generate traction.

GaylordTuring 4y ago

Remember that you can be aware of something being a scam but still trade it, since you believe that the thing won’t collapse just yet. A very risky behavior of course, but it doesn’t mean that you have been scammed yourself.