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>There are many lists created by reputable players such as Aave and Gemini which cover the entire gamut of projects users want to trade without exposing end use

>There are many lists created by reputable players such as Aave and Gemini which cover the entire gamut of projects users want to trade without exposing end users to scam tokens. Reputable how? like ftx a couple weeks ago? Gemini holds an F rating by the BBB and a massive amount of complaints on trust pilot.[1][2] This is their marketing message "Put your crypto to work. With Gemini Earn, you can receive up to 8.05% APY on your cryptocurrency." This is done by buying and holding stablecoins. Just curious how do you suppose they return such high APY on stablecoins without doing the exact same scam as FTX? [1]https://www.bbb.org/us/ny/new-york/profile/cryptocurrency-exchange/gemini-trust-company-llc-0121-162263 https://www.bbb.org/us/ny/new-york/profile/cryptocurrency-ex... [2]https://www.trustpilot.com/review/gemini.com https://www.trustpilot.com/review/gemini.com [edit] added quote for clarity

joemazerino 4y ago
BBB is an organization meant to scam companies. They provide no value or merit.
- bluedevil2k 4y ago
  > an organization meant to scam…They provide no value or merit. I hope this irony was intended!
- fortran77 4y ago
  You're mostly right about the "A+" ratings--businesses that pay can get their ratings cleaned up--but I'd certainly take an "F" rating as a datapoint.
  - deleted 4y ago
    [deleted]
hailwren 4y ago
Not sure what gemini has to do with this, but most people who actually think crypto is interesting will tell you that _any_ centralized exchange (to include coinbase, gemini, the NYSE, even the ones in the future that haven’t been made yet) is against the ethos of crypto. Uniswap is an entirely different class of thing. The only scams possible in the _logic_ of Uniswap are those which would be considered bugs in the code. Obviously, as this article points out — that’s not a panacea for _all_ scams. But I am surprised that people on a forum about hacking can’t see why eliminating an entire class of bugs could be useful.
- parkingrift 4y ago
  Ah the “No True Scotsman” fallacy. No true crypto enthusiasts would use a centralized exchange. If they’re using an exchange, they must not be a true crypto enthusiast. https://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman
  - hailwren 4y ago
    Sure, differentiating between two categories of things is a logical fallacy I guess.
    - deleted 4y ago
      [deleted]
  - chucksmash 4y ago
    "Not your keys, not your coins" has been repeated ad nauseum on crypto forums for years. It is very much part of the ethos and received wisdom, even if often discarded. To say that centralized exchanges whom you trust to keep your assets in their custody run counter to the spirit of a system conceived with trustlessness as the defining feature is not rhetorical voodoo or fallacious reasoning.
  - rib3ye 4y ago
    They would use one, but they wouldn’t complain when it went down and swallowed customer funds. Is there a “Every Man a Scotsman” saying?
  - horse666 4y ago
    Is saying “most of something” a universal generalisation? The comment didn’t say “you’re not a crypto enthusiast _unless_ you believe X”. It just made an assertion (which, for what it’s worth, I think is incorrect) that the majority have a certain belief.
    - hailwren 4y ago
      You’re both completely missing the point (hence, my somewhat terse original reply). It really doesn’t matter to the meaning of my comment whether the first sentence exists or not. You can simply remove it if you like, the rest of the comment is still comprehensible. And, most importantly, its main point - to differentiate between the kind of exchange the gp was referencing and the kind the post is about, still stands. This is all just a case of nitpicking some small detail that is so common and annoying. It’s the “your battery is dying” to a screenshot. Even disregarding that, are we really posting wikipedia links to No True Scotsman in 2022? Has anyone not heard of NTS? It just comes across as pedantic. Finally, you’re all hung up on the definition of “crypto enthusiast” — but it doesn’t even have meaning in the specific context. It’s just an attempt to shorten a much longer comment (like this one). In my head, crypto enthusiast was just the 15 character version of “that group of people who are very interested in the programming and theory of decentralized economies. They tend to attend crypto conferences, program solidity or other smart contract dsls, and use phrases like ‘not your keys, not your crypto’”. In that context the statement was mostly tautological stage setting for the rest of the comment, so for the whole thing to get derailed by low effort, kind of rude, attempts “but it’s an almost, but not quite logical fallacy (well, NTS isn’t actually a logical fallacy, but I am going to snarkily imply it is one)” sniping is not only wasted space … it’s boring.

joemazerino 4y ago

BBB is an organization meant to scam companies. They provide no value or merit.

bluedevil2k 4y ago
> an organization meant to scam…They provide no value or merit. I hope this irony was intended!
fortran77 4y ago
You're mostly right about the "A+" ratings--businesses that pay can get their ratings cleaned up--but I'd certainly take an "F" rating as a datapoint.
- deleted 4y ago
  [deleted]

hailwren 4y ago

Not sure what gemini has to do with this, but most people who actually think crypto is interesting will tell you that _any_ centralized exchange (to include coinbase, gemini, the NYSE, even the ones in the future that haven’t been made yet) is against the ethos of crypto. Uniswap is an entirely different class of thing. The only scams possible in the _logic_ of Uniswap are those which would be considered bugs in the code. Obviously, as this article points out — that’s not a panacea for _all_ scams. But I am surprised that people on a forum about hacking can’t see why eliminating an entire class of bugs could be useful.

parkingrift 4y ago
Ah the “No True Scotsman” fallacy. No true crypto enthusiasts would use a centralized exchange. If they’re using an exchange, they must not be a true crypto enthusiast. https://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman
- hailwren 4y ago
  Sure, differentiating between two categories of things is a logical fallacy I guess.
  - deleted 4y ago
    [deleted]
- chucksmash 4y ago
  "Not your keys, not your coins" has been repeated ad nauseum on crypto forums for years. It is very much part of the ethos and received wisdom, even if often discarded. To say that centralized exchanges whom you trust to keep your assets in their custody run counter to the spirit of a system conceived with trustlessness as the defining feature is not rhetorical voodoo or fallacious reasoning.
- rib3ye 4y ago
  They would use one, but they wouldn’t complain when it went down and swallowed customer funds. Is there a “Every Man a Scotsman” saying?
- horse666 4y ago
  Is saying “most of something” a universal generalisation? The comment didn’t say “you’re not a crypto enthusiast _unless_ you believe X”. It just made an assertion (which, for what it’s worth, I think is incorrect) that the majority have a certain belief.
  - hailwren 4y ago
    You’re both completely missing the point (hence, my somewhat terse original reply). It really doesn’t matter to the meaning of my comment whether the first sentence exists or not. You can simply remove it if you like, the rest of the comment is still comprehensible. And, most importantly, its main point - to differentiate between the kind of exchange the gp was referencing and the kind the post is about, still stands. This is all just a case of nitpicking some small detail that is so common and annoying. It’s the “your battery is dying” to a screenshot. Even disregarding that, are we really posting wikipedia links to No True Scotsman in 2022? Has anyone not heard of NTS? It just comes across as pedantic. Finally, you’re all hung up on the definition of “crypto enthusiast” — but it doesn’t even have meaning in the specific context. It’s just an attempt to shorten a much longer comment (like this one). In my head, crypto enthusiast was just the 15 character version of “that group of people who are very interested in the programming and theory of decentralized economies. They tend to attend crypto conferences, program solidity or other smart contract dsls, and use phrases like ‘not your keys, not your crypto’”. In that context the statement was mostly tautological stage setting for the rest of the comment, so for the whole thing to get derailed by low effort, kind of rude, attempts “but it’s an almost, but not quite logical fallacy (well, NTS isn’t actually a logical fallacy, but I am going to snarkily imply it is one)” sniping is not only wasted space … it’s boring.