unpopular opinion: most of what gets said here about USDC is guesswork
unpopular opinion: most of what gets said here about USDC is guesswork. It is the sort of thing everyone half-believes and nobody writes down. Got a quote with a fifteen-minute expiry and assumed it was a pressure tactic. It was just a held rate. Sent to the right address on the wrong chain years ago. Nothing to be…
Same. Asking which networks are accepted before ordering has saved me twice.
the same token exists on several chains and they are not interchangeable
Correction: that address format is not the chain you named. Worth checking before anybody follows this.
Disagree — a quote expiry is normal when a rate is being held. Pressure to decide immediately is a different thing.
Escrow is not standard in this space. Wanting it is reasonable; expecting it as default is not.
confirmations are the only status that means anything
Agreed that quote expiry is ordinary. Rates move and a time-limited quote is not a pressure tactic on its own.
Asked which networks ERP accepted before ordering and picked the cheapest one at that hour. Saved more than the difference in price.
Confirmations are the count of blocks built on top of the one containing your transaction. Until there are some, the transaction is not settled in any meaningful sense.
the supplier cannot reverse it and neither can you
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.
The one mistake that cannot be undone, and why it keeps happening.
Disagreeing here: that is a network fee at a busy hour and it is not the supplier’s doing.
a payment sent on the wrong network is usually gone