Discussion in 'Sythe.Org News' started by Pendulum, Mar 16, 2021.
uo lelei galuega!
I am confused how people with no knowledge of cryptocurrency and it's fee and confirmation time gets to decide a period which a transaction has to be confirmed in. If a transaction does not confirm in 2 hours and it goes up, do I get the difference back because that's only fair if I have to cover the difference if it goes down in value. Fees can sky rocket after you send a payment and get stuck even if you pay the right fees. Shit update in general
- China Jacky ( Millionaire )
Thanks great stuff!
Really Nice Updates. Ty.
Congratz to @Bert @Chich @Ember @Zora.
And again congratz to @Dev Zach.
Thanks for the update
"In the absence of an agreement on a fee, a maximum confirmation time is applied: 2 hours. You are responsible for the difference if the confirmation time exceeds 2 hours."
So basically just agree to fees in advance and you will never have a problem.
Great updates! I think the btc confirmation time should be extended a little because even with good fees it can take sometime to confirm but overall thanks a lot for the work you guys put!
Nice to see the outcome of the suggestions get implemented so quickly
Thanks for the update.
whats the rule @Pendulum @video in a case where a buyer pays a shop with low fee, and the price of bitcoin falls during confirmation times?
Coinbase commerce holds the rule where if the payment is DETECTED that's the price it holds.
It will note a payment as underpayed or overpayed the moment it is detected, and will continue with it once it's confirmed notifying the shop.
Ackording to sythe, if we by good trading practices ,want to keep customers happy and deliver gold this way BUT start to payout a customer and btc is stuck due to the netwerk being congested we are just losing profit.
This is honestly the shittiest rule sythe has ever implemented but whatever.
Great update, seems like its the end of conducting business with decentralised wallets...
Time to do KYC on exchanges and start paying your taxes folks
Great stuff dudes.
Fully agreed, I always send more than decent fee's and often get confirmed within 30minutes. It does however happen that fee's skyrocket after i've already sent a payment, causing confirmation times to slow down. Being held accountable for this seems odd, as it's out of your control. I'm not sure why the responsibility is entirely put onto the buyer's part.
By the logics of this rule, you should also get the difference back if the price goes up in value due to this occurence. This rule seems unfair for buyers to me.
I get that this only applies if there is no agreement in terms of fee's, but this just seems like an extra step that does not help the issue at large, being confirmation times being longer if the fee's skyrocket.
Very good, ty all
im still in shock that they would allow a known murderererer become a mod @Dev Zach
I say we invest in some stonks to the moon!
it do be what it do be :fedora:
thanks for the update. didnt know about the dnt/twc thing, now i do