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c/cryptopay·submitted 1 year ago by u/nabila_espinoza

the confirmations question that gets asked weekly, answered properly

Questionbranch of 12 comments

Been lurking in c/labresults for about 7 months and finally have something worth posting. Short version: week 96, 15mg, and gas fees is the bit I still cannot get a straight answer on. I have read the wiki, I have read the last 23 threads, and the answers split roughly down the middle. What I actually want to know is…

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12 comments, started 1 year ago
u/emil_marchand455 points·1 year ago

confirmations are escrow, the exchange rate at 2 blocks is the deal

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u/nabila_espinozaOP323 points·1 year ago

Sent orfo payment to the wrong chain. Germany, wrong network, vendor could not credit it. 4 day lesson.

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u/greta_perrin219 points·1 year ago

no price talk, no tickers, no investment discussion

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u/ledger_modmod · vetting87 points·1 year ago

no price talk, no tickers, no investment discussion

Adding to this: confirmations is doing more work than the comment implies.

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u/gradient_goblin135 points·1 year ago

This is correct. Gas fees are real costs.

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u/marit_mwangi108 points·1 year ago

Strongly agree. Escrow is non-negotiable for groups.

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u/ms_fragmenter60 points·1 year ago

no price talk, no tickers, no investment discussion

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u/amara_kuipers60 points·1 year ago

Strongly agree.

Adding to this: USDC is doing more work than the comment implies.

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u/isabela_guerrero0 points·1 year ago

Strongly agree. Escrow is non-negotiable for groups.

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u/aussie_pbs_watchAU103 points·1 year ago

Did you check confirmation speed on that chain?

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u/nabila_espinozaOP61 points·1 year ago

gas versus discount arithmetic is real

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u/annika_fonseca46 points·1 year ago

chargeback rights are gas fees: zero

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About c/cryptopay

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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