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That's a different situation. Those Stellar tokens didn't go into /dev/null. They went into the hands of Coinbase, they're just not crediting you. It's not t
by pwdisswordfish0 6y ago
That's a different situation. Those Stellar tokens didn't go into /dev/null. They went into the hands of Coinbase, they're just not crediting you. It's not that they can't do anything about it, they just aren't.
- sebmellen 6y agoCorrect. To be specific, instead of providing a unique address per deposit, Coinbase instead provides one address, and identifies individual deposits to that address using a Stellar "memo." The same issue is present with Ripple. This isn't a problem with Stellar itself, but more how Coinbase decides to approach the issue. But Stellar does require a 0.5 XLM commitment to "open" an account on-chain, which is probably what holds Coinbase back. Otherwise, Stellar is a very reliable and focused chain, and has a stable fee market (which means a lot these days!).
- woodruffw 6y agoI don’t know whether that’s better or worse, but I dislike it roughly as much. No other financial institution in the world can “just not” anything without me having some recourse.