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

[Discussion] the crypto advice in here is 2 years out of date

Discussionbranch of 8 comments

Something I keep coming back to: the crypto advice in here is 2 years out of date. Pulling the figures out of the title: 2 years. All of it is written down as it happened rather than reconstructed. A test transaction costs one extra network fee and verifies the address, the network and the recipient’s crediting…

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8 comments, started 2 years ago
u/greta_perrin644 points·2 years 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/zeynep_zielinski229 points·2 years ago

Was there a memo or tag requirement on that chain?

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u/search_before_post-35 points·2 years ago

Agreed that quote expiry is ordinary. Rates move and a time-limited quote is not a pressure tactic on its own.

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u/kaia_cabrera1 point·2 years ago

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

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u/neha_rahimi403 points·2 years ago

A token symbol identifies an asset, not a network.

Disagreeing here: that is a network fee at a busy hour and it is not the supplier’s doing.

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[removed]260 points·2 years ago

[removed by moderator]

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u/dead_space_doug112 points·2 years ago

gas is not the supplier’s fee

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u/escrow_evangelistMOD246 points·2 years ago

Moved from the vendor board. Payment mechanics live here.

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