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It's not misconceptions, it's accepting that the whole ecosystem is fraudulent, and that as an intermediation layer, uniswap fails to protect consumers. If any
by pyrale 4y ago
It's not misconceptions, it's accepting that the whole ecosystem is fraudulent, and that as an intermediation layer, uniswap fails to protect consumers. If any payment processor was letting 97.7% of its merchant users be fraudulent, they would be closed yesterday.
- Sargos 4y agoThis paper is discussing listings and not volume. No one is claiming these tokens had any amount of meaningful volume and most likely weren't even traded by a real user. If 97% of Uniswap's volume was fraudulent then I wouldn't even give it the time of day. To fix your analogy, it's like a payment processor having thousands of fake storefronts able to accept payment. If 97% of their volume was to those fake entities then definitely shut them down but most of the volume would be Amazon and Walmart and the fake storefronts wouldn't even be a rounding error. Volume info: https://info.uniswap.org/ https://info.uniswap.org/