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c/cryptopay·submitted 2 years ago by u/chidi_yilmaz

three years of USDC threads, summarised so you do not have to read them

Discussionbranch of 7 comments

three years of USDC threads, summarised so you do not have to read them, which sounds obvious until you try to state the evidence for it. Pasted rather than typed the address, then checked the first and last six characters. Habit now. The sequence that makes this boring, which is the goal. Ask which networks are…

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7 comments, started 2 years ago
u/blunt_coldbox_202437 points·2 years ago

The one mistake that cannot be undone, and why it keeps happening.

The same token symbol exists on multiple chains. The wallet interface shows you the symbol prominently and the network in small type. Sending on the wrong chain to an address that looks perfectly valid usually means the funds are unrecoverable by either party.

The protection is procedural rather than technical: confirm the network in writing with the recipient before sending, verify the address format matches that network, and send a small test first. None of that requires understanding the chain — it requires treating the network field as the most important thing on the screen, which the interface design does not encourage.

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u/elodie_yilmaz13 points·2 years ago

keep the hash, it is the only receipt that exists

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u/noor_hovland6 points·2 years ago

Yes — the same token symbol on two chains catches people constantly and it is unrecoverable.

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u/the_poster_in_question_20267 points·2 years ago

Yes — gas is the network’s, not the supplier’s, and conflating them produces a lot of unfair complaints.

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u/jarno_cabrera7 points·2 years ago

Correction: that address format is not the chain you named. Worth checking before anybody follows this.

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u/sigrid_kaufmann2 points·2 years ago

send a test amount first if the total is large

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u/cesar_ivaturi2 points·2 years ago

the memo field matters on the chains that use one

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Paying for research material with crypto: which networks vendors actually credit, confirmation windows, memo/tag requirements, gas versus discount arithmetic, escrow for group buys, and the total absence of chargeback rights. Not investment discussion — payments only.

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