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I don’t think you have a choice to accept a deposit or not, do you? You can’t stop people sending you coins. And sending them back costs you money so you wouldn

I don’t think you have a choice to accept a deposit or not, do you? You can’t stop people sending you coins. And sending them back costs you money so you wouldn’t do that.

CyberDildonics 4y ago
What address do you think people would send to? You can't send to some random address that you think is owned by an exchange and have it show up in your account. They give you an address to send to when you say you want to make a deposit. How did you think it worked?
- yieldcrv 4y ago
  many other exchanges and wallets force users to store an address book of addresses associated with them. this user experience will result in deposits to their old addresses at FTX. there is nothing FTX can do to prevent that.
  - CyberDildonics 4y ago
    They can send it back just as easily
    - yieldcrv 4y ago
      yes, could. in practice even functioning exchanges opt not to bother. it is a poor practice we should call out, this is definitely something that a regulatory framework could address and carve out procedures for. (people could do spam attacks, so there is a line on how much to bother)
      - dzamo_norton 4y ago
        Once there are regulations that are penned and enforced by a centralised authority what is the use of cryptocurrency?
        yieldcrv 4y ago
        running and using an exchange to custody assets is entirely optional and also not the point of cryptocurrency the regulations apply to people that chose to do that and don't apply to people that use cryptocurrency
- crystaln 4y ago
  Most users will have stored their deposit addresses in other exchanges and wallets rather than look them up and enter them each time.
- chrisseaton 4y ago
  > They give you an address to send to when you say you want to make a deposit. How did you think it worked? And then people can keep sending to the same address. The way crypto works there’s no way to stop someone doing that I’m afraid - just how it works. They could send it back (spending money) but you can’t stop it being sent.
  - CyberDildonics 4y ago
    They can either send it back or add it to their ledger. You are conflating sending to an address with an exchange keeping a balance. A cryptocurrency and an exchange are two very separate things.
    - deleted 4y ago
      [deleted]

I don’t think you have a choice to accept a deposit or not, do you? You can’t stop people sending you coins. And sending them back costs you money so you wouldn’t do that.

CyberDildonics 4y ago

What address do you think people would send to? You can't send to some random address that you think is owned by an exchange and have it show up in your account. They give you an address to send to when you say you want to make a deposit. How did you think it worked?

yieldcrv 4y ago
many other exchanges and wallets force users to store an address book of addresses associated with them. this user experience will result in deposits to their old addresses at FTX. there is nothing FTX can do to prevent that.
- CyberDildonics 4y ago
  They can send it back just as easily
  - yieldcrv 4y ago
    yes, could. in practice even functioning exchanges opt not to bother. it is a poor practice we should call out, this is definitely something that a regulatory framework could address and carve out procedures for. (people could do spam attacks, so there is a line on how much to bother)
    - dzamo_norton 4y ago
      Once there are regulations that are penned and enforced by a centralised authority what is the use of cryptocurrency?
      - yieldcrv 4y ago
        running and using an exchange to custody assets is entirely optional and also not the point of cryptocurrency the regulations apply to people that chose to do that and don't apply to people that use cryptocurrency
crystaln 4y ago
Most users will have stored their deposit addresses in other exchanges and wallets rather than look them up and enter them each time.
chrisseaton 4y ago
> They give you an address to send to when you say you want to make a deposit. How did you think it worked? And then people can keep sending to the same address. The way crypto works there’s no way to stop someone doing that I’m afraid - just how it works. They could send it back (spending money) but you can’t stop it being sent.
- CyberDildonics 4y ago
  They can either send it back or add it to their ledger. You are conflating sending to an address with an exchange keeping a balance. A cryptocurrency and an exchange are two very separate things.
  - deleted 4y ago
    [deleted]