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> If you go to Uniswap right now you will not see any of these tokens and have a near 0% chance of being scammed If there's 100 tokens listed on the front page

> If you go to Uniswap right now you will not see any of these tokens and have a near 0% chance of being scammed If there's 100 tokens listed on the front page, and one of them is a scam, that may be near 0%, but it's equally near to 2%. I'd be pretty confident that there's a >1% chance of being scammed on a platform like this. FTT wasn't thought to be a scam until it was proven to be. Unless a token issuer does so with fully audited accounting with real assets backing their tokens, why should any token not be default assumed to be a scam, instead of default assumed to be valid? Popularity and usage doesn't change this point. USDT may be incredibly popular, but it also lacks credibility. Disclaimer: I still remain long BTC (lol@myself)

saurik 4y ago
> ...but it's equally near to 2%. Ignoring anything else you might have gotten wrong, the comment you are responding to didn't say a 2.3% chance of being scammed, it said a 2.3% chance of NOT being scammed, which is nowhere near 0% or 2%, as it comes from abusing the 97.7% figure from the paper.
- oarsinsync 4y ago
  As amused as I am to be roasted by the great cydia himself, ignoring all the other things I got wrong, I wasn’t actually responding to the 2.3% claim, but rather the original claim that the top 100 tokens on the front page weren’t scams. I think the majority of those top 100 tokens are not properly audited with tangible assets backing them. FTT remains the most recent glowing example.