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c/cryptopay·submitted 5 months ago by u/cormac_erdogan

reading network threads from 2024 and half of it aged badly

PSAbranch of 11 comments

reading network threads from 2024 and half of it aged badly, and I am aware this is a minority view on this board. Confirmation took forty minutes on a busy evening and I had already written half an angry message. Deleted it. Keep every transaction hash in a note file with the order reference. It has resolved two…

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11 comments, started 5 months ago
u/andres_dahlberg173 points·5 months ago

A token symbol identifies an asset, not a network. The same symbol commonly exists on several chains with incompatible address formats, and sending across that boundary is generally unrecoverable.

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u/stablecoin_steveMOD102 points·5 months ago

Wallet address redacted from the post above. Hashes are fine here; addresses are not.

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u/andres_dahlberg84 points·5 months ago

Escrow is not standard in this space. Wanting it is reasonable; expecting it as default is not.

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u/cormac_erdoganOP104 points·5 months ago

A token symbol identifies an asset, not a network.

Agreed — and the hash is the receipt. Nothing else is.

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u/cormac_erdoganOP55 points·5 months ago

Correcting myself upthread: it was 21 confirmations, not the number I posted, and it settled fine.

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u/purity_pedantanalytical37 points·5 months ago

Not convinced. That fee is the network fee at that hour, and it has nothing to do with the supplier.

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u/reflux_report13 points·5 months ago

Sent a test amount first on a large order. Cost me a fraction of a percent and I have done it every time since.

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u/reverse_image_ron-34 points·5 months ago

Network fees are set by chain congestion at the time of sending. They are paid to the network, not to the recipient, and they vary by hour as well as by chain.

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u/escrow_evangelist1 point·5 months ago

network and address, checked twice, before anything else

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u/zeynep_zielinski1 point·5 months ago

nobody legitimate needs the payment in the next ten minutes

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u/camila_trevino1 point·5 months ago

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.

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