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Why don't these tech support the oldest trick every financial companies have been doing? They send a cent and see if the recipient received it or not. If the m
by jsnk 6y ago
Why don't these tech support the oldest trick every financial companies have been doing?
They send a cent and see if the recipient received it or not. If the money went through and is secured, then send the rest. Simply by doing this, you could avoid almost all incidents like these.
- CryptoPunk 6y agoPeople do do that. There's millions of transactions that go through for every one disaster like this.
- JeremyBanks 6y agoTransactions are often slow and expensive.
- capnorange 6y agoI do this for every new address that I send to.
- X6S1x6Okd1st 6y agoI fairly regularly do that. It's easy to get complacent and as the average fee increases it becomes a higher and higher incentive to just send the amount.
- olliej 6y agoEach transaction takes minutes to complete, and costs an absurd amount of money.
- puranjay 6y agoOn decentralized exchanges, a single ERC-20 coin transaction can sometimes be as expensive as $50+ in gas fees and take 15-30 minutes to confirm. Sending a test transaction of $1 is not always feasible.
- dboreham 6y agoDecentralized exchanges like Uniswap?