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c/cryptopay·submitted 2 months ago by u/cormac_erdogan

[Meta] the USDC rule is doing its job and people should stop complaining

Warningbranch of 6 comments

the USDC rule is doing its job and people should stop complaining — with the counter-argument included, because I find it fairly persuasive. 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…

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6 comments, started 2 months ago
u/purity_pedantanalytical83 points·2 months ago

What is and is not the supplier’s fault, since this board generates unfair complaints.

Not theirs: the network fee, chain congestion, confirmation time, the rate moving between quote and send, and a payment sent on the wrong chain. Theirs: which networks they accept, how quickly they credit a confirmed payment, and whether the address they gave you was correct and communicated clearly.

Keeping those columns separate makes the reports here far more useful. A thread titled "supplier took my payment" that turns out to describe forty minutes of unconfirmed transaction helps nobody and follows people around for years.

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u/neha_rahimi45 points·2 months ago

Disagree — a quote expiry is normal when a rate is being held. Pressure to decide immediately is a different thing.

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u/camila_trevino13 points·2 months ago

network and address, checked twice, before anything else

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u/kaia_cabrera23 points·2 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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u/cormac_erdoganOP12 points·2 months ago

Small fix — that is the network fee, not a supplier charge. The distinction matters for the complaint you are making.

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u/reverse_image_ron10 points·2 months ago

I would not treat a delayed confirmation as evidence of anything at all. Chains have busy hours.

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