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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 "leg

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.

Sargos 4y ago
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.
- ahMath8 4y ago
- bluedevil2k 4y ago
  My Schwab account has insurance and oversight…there’s no universe where Uniswap is anywhere close to as safe as Schwab.
  - claudedopplr 4y ago
    Uniswap is open source, and if you use it as an exchange, it doesn't even hold your funds. I'd argue that since your funds are not there, then your funds are safer than with a custodian and insurance. Lehman was also insured, wasn't it?
z3c0 4y ago
Yeah? You can't pick apples from an orange tree either. What do shares of a company/futures/fund have to do with this market in particular? Its a digital marketplace. The digital space is full of attempted scams that never come to fruition, and their presence is no indication of engagement. Is that really that hard to wrap your head around?
MarkPNeyer 4y ago
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.
- gus_massa 4y ago
  I agree. This is the problem that Google has. A big chunk of the websites are seo spam, fake support scams, and other nasty or untuneful sites. And Google has to find the few useful ones. Some people ask to not use pagerank[1] and just show all the results in random order, but in that case you would get a irrelevant list. [1] or whatever they are using now
cdiddy2 4y ago
there are over 12,000 OTC stock tickers, these are mostly scams. I know Schwab allows OTC trading. The NYSE+Nasdaq combined also have around 12,000 tickers. So 50% of the things available on Schwab are scams.
satyrnein 4y ago
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!

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.

Sargos 4y ago

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.

ahMath8 4y ago
bluedevil2k 4y ago
My Schwab account has insurance and oversight…there’s no universe where Uniswap is anywhere close to as safe as Schwab.
- claudedopplr 4y ago
  Uniswap is open source, and if you use it as an exchange, it doesn't even hold your funds. I'd argue that since your funds are not there, then your funds are safer than with a custodian and insurance. Lehman was also insured, wasn't it?

z3c0 4y ago

Yeah? You can't pick apples from an orange tree either. What do shares of a company/futures/fund have to do with this market in particular? Its a digital marketplace. The digital space is full of attempted scams that never come to fruition, and their presence is no indication of engagement. Is that really that hard to wrap your head around?

MarkPNeyer 4y ago

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.

gus_massa 4y ago
I agree. This is the problem that Google has. A big chunk of the websites are seo spam, fake support scams, and other nasty or untuneful sites. And Google has to find the few useful ones. Some people ask to not use pagerank[1] and just show all the results in random order, but in that case you would get a irrelevant list. [1] or whatever they are using now

cdiddy2 4y ago

there are over 12,000 OTC stock tickers, these are mostly scams. I know Schwab allows OTC trading. The NYSE+Nasdaq combined also have around 12,000 tickers. So 50% of the things available on Schwab are scams.

satyrnein 4y ago

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!