[conqueso]

GP is most likely mocking what they see as circular logic in the crypto-sphere. Re: Uniswap - a study posted here few days ago found that 97.7% of tokens launched there are either scams or rug pulls: https://news.ycombinator.com/item?id=33572361

[TimJRobinson]

I'm sure 99% of emails are scams but that doesn't make email a bad technology.

[polygamous_bat]

1. I received useful emails each day, and spams are always around 10%. Maybe I am just conservative about wher I put my email? Not being in crypto may help as well, but it's definitely not 1%-99% for me, more like 90%-10%.

2. More importantly, an email provider that doesn't make an effort to distinguish between 99% of spam emails and 1% of legit ones is definitely useless and worthless.

[TimJRobinson]

Uniswap the protocol is like SMTP - it's open and permissionless. Uniswap the website is more like Gmail, it has a whitelisted set of tokens to swap.

Because it's a protocol anyone can build a frontend on top of it to filter out any information they like, just like Email. Zapper, DeFi Saver and Zerion are examples of this. Element Finance runs using Balancer under the hood but you wouldn't know and aren't exposed to any tokens or pools they don't manage.

[mwigdahl]

Without the capacity for powerful spam blocking email is a bad technology, or at least an unusable one. DeFi seems to pride itself on _not_ blocking its equivalent of spam.

[40four]

The more interesting part of that article was the ML techniques described, and the actual conclusion that using said techniques, scam versus not-scam projects can be identified very early on. But that was lost is the typical ‘I told you so’ from the ‘crypto is bad’ crowd.

[beaned]

It doesn't sound like mocking scams, it sounds like mocking people not putting money where their mouth is. A lot of people already promoting "defi" are keeping their funds on centralized exchanges. Why? They still provide a performance edge and more features, but if all you need is basic trading, they should be being utilized even more.

DeFi has no fiat gateway though, that's the biggest bottleneck. The gateway is the centralized exchanges, and I think people tend to park their money on them once they deposit/convert their dollars.