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

[PSA] escrow is not what most of this community thinks it is

PSAbranch of 7 comments

Something I noticed reading old threads that I have not seen said out loud. The advice on network in this community changed substantially around the start of last year, and nobody went back and updated the older posts. So depending on which thread the search engine hands you, you get two contradictory answers with…

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This branch

7 comments, started 1 year ago
u/stablecoin_steve104 points·1 year ago

Stablecoin or other?

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[removed]69 points·1 year ago

[removed by moderator]

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u/rasmus_kuipers34 points·1 year ago

confirmations are gas fees, the exchange rate at 8 blocks is the deal

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u/sten_palacios21 points·1 year ago

no price talk, no tickers, no investment discussion

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u/stablecoin_steve12 points·1 year ago

Slight fix: the number was 99.1, not 98.4. Decimal point, but a fairly consequential one.

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u/stablecoin_steveOP38 points·1 year ago

Sent orfo payment to the wrong chain. Germany, wrong network, vendor could not credit it. 5 day lesson.

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u/curious_panel_only14 points·1 year ago

Which network and did the vendor confirm they credit it?

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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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