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c/cryptopay·submitted 2 years ago by u/purity_pedant

[Discussion] we are measuring network at the wrong time and calling it noise

Discussionbranch of 14 comments

Posting this as a discussion rather than a claim: we are measuring network at the wrong time and calling it noise. 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.…

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14 comments, started 2 years ago
u/cesar_ivaturi158 points·2 years 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/arne_ndiaye93 points·2 years ago

the same token exists on several chains and they are not interchangeable

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u/dead_space_doug42 points·2 years ago

the memo field matters on the chains that use one

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u/purity_pedantOPanalytical24 points·2 years ago

Which networks did they list as accepted?

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u/ilias_nakamura89 points·2 years ago

Nearly sent on the wrong network. The token symbol was identical and the address format was the only clue.

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u/purity_pedantOPanalytical-1 point·2 years ago

Did the address you sent to match the one you were given, character for character?

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[removed]65 points·2 years ago

[removed by moderator]

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u/discount_math_dm94 points·2 years ago·edited

Confirmations are the count of blocks built on top of the one containing your transaction.

cesar_ivaturi is right about confirmations. "Sent" is not a status.

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u/hassan_castellanos29 points·2 years ago

fees vary by chain and by hour, not by supplier

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u/discount_math_dm8 points·2 years 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/search_before_post71 points·2 years ago

How many confirmations does it show?

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u/teodor_jansen62 points·2 years ago

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

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u/arne_amankwah88 points·2 years ago

network and address, checked twice, before anything else

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u/zeynep_villalobos29 points·2 years ago

escrow arrangements are rare and worth asking about

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