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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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53757927 No.53757927 [Reply] [Original]

Riddle me this biz,

One the biggest issues with crypto is misdirected funds. If I send USDT on Solana to your ETH wallet we are both fucked. If I send USDT on Avax to your USDT on Eth wallet we are fucked.

Is there a coin that automatically rejects unsupported tokens AND misdirected funds?

Whichever blockchain solves this dilemma will be the choice of traditional financial institutions and see trillions in liquidity

Does it exist? Who is tackling this best?

>> No.53757980
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53757980

maybe check the address and network of the coins that you're sending?

>> No.53758016

>>53757927
I miss her bros

>> No.53758019

>>53757927
I suggest a bank, anon. Over the last 400 years they seem to have figured this out, whilst you're "tokenomics" struggles. The weasel has been pinned.

>> No.53758029
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53758029

>>53758019
>deposit in bank
>financial crisis
>go to withdraw
>oops sorry haha

>> No.53758046
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53758046

My dad works at bitcoin headquarters and there they believe anyone dumb enough to send coins to the wrong network deserves to lose their money.

>> No.53758078

>>53758029
When has that happened in your lifetime? Has crypto ever existed outside of a quantitive easing environment? Trust the banks, they slay in high interest situations!

>> No.53758164

>>53757927
can you stop using coombait pics to get some attention? I'm trying nofap

>> No.53758179

>>53758019
>can't send funds late evening on a Friday
Just shut up and leave the thread. Adults are talking.

>> No.53758203

>>53757927
If all these fucking garbage shitcoins were not copying eth, these things would not happen.

>> No.53758209

>>53757980
>>53758046
Its true but the difference between a 1 trillion dollar crypto market and a 20 trillion dollar market is grandma not even knowing she is using a blockchain and sending funds with her bank instantly via blockchain infrastructure

>> No.53758286

>>53757927
You aren't fucked. First, any non-retarded wallet will not send a transaction to an invalid address like trying to an eth address on solana. And second, if the addresses are the same, like EVM chains, if you have the keys on eth, you have the keys for the same address on any other EVM chain like avax or matic, you just might have to get some gas on the wallet. There is no scenario where someone has an address on eth and can't access the same address on another EVM chain.

>> No.53758294

>>53758286
Oh you absolute fucking retard just leave the thread right now lmfao.

I swear biz is literally the dumbest community on the internet. Id be better off asking fucking /knuck/ this question.

Later faggots. Ive read all I need to read from you dipshits

>> No.53758300

Im asking for automation you fucking idiots learn to read

>> No.53758311

>>53758209
you cant be your own bank if you cant double check the details

>> No.53758333

>>53757927
Bitcoin solves this

>> No.53758345

>>53758294
>>53758300
You are the retard if you think some idiotic niche user error check to help "automation" is going to be the key to institutional adoption and bring on trillions in liquidity. Your whole premise is retarded, its like saying HURRR what if I send a wire transfer to my chuck e cheese account?? This is never an issue and already checked by wallets. Its only an issue if you do it for a CEX deposit address or something which has nothing to do with crypto, but is a retarded design choice by CEXs not to have the same address across networks.

>> No.53758370

>>53758311
I had a very rude paragraph typed up but I erased it.

Look here, look, listen: I am not talking about be your own bank. Im talking about legacy institutions who currently move the most money. How do we completely solve for human error. Now, if you cant contribute to this train of thought just leave

>>53758345
I'm filtering you because you so fucking stupid you aren't worth reading. I'm not replying to you. You are actually too dumb to talk to me and you should thank god that we exist in a world where you are allowed to take part in this conversation with out getting laughed at jeered for being such a massive fucking idiot


>>53758333
I'm gonna going to get a fucking aneurysm itt

>> No.53758405

>>53758300
So how much did you lose sending on on the wrong network? Lmao.
People like you would just find some other retarded way to lose your money.

>> No.53758414
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53758414

>>53758370
>gonna going

>> No.53758442
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53758442

I'm filtering every retard in this thread, just an fyi.

>> No.53758454

If you haven't been filtered consider it a compliment. You are the cream of the crop

>> No.53758461

>>53758370
>remove human error
you can't. if send money in trade fi to the wrong person, its fucking gone unless the other bank plays ball in the case of a mistake. so if you're an institution, only send to addresses you know who uses them and can work it out with them if there is a mistake. Banks "accidentally" fund money laundering or sanctioned transactions in trad fi all the time and get fined millions, they might send an incorrect tx here and there too. That won't stop adoption.

>> No.53758465

>>53757927
I miss her like you wouldn't believe bros. at least we have the orb to ponder now

>> No.53758480
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53758480

>>53758461
Literally didn't read, lmao.

>>53758465
Me too bro. Me too. What I wouldn't do for her... Id chop off my fingers and toes just to tell her she's beautiful to her face

>> No.53758483
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53758483

>>53758442
>accidentally moves fartcoins to pisswallet instead of shitwallet
>loses virtual money by his own deformed hand and room temperature IQ
>proceeds to seethe and cope all over biz
Many such cases. OP is the kind of smoothbrained troglodyte that made the "Caution, HOT!" stickers a thing.

>> No.53758748

I truly cant believe how little foresight and critical thinking ability this board has. Its actually astounding you "people" think of yourselves in such high regard. I'm glad will never make it biz

>> No.53759084

>>53758019
Cash and Crypto have one thing is common.

Money you can't lose isn't real money, anon.

>> No.53759271
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53759271

>>53757927
>If I send USDT on Avax to your USDT on Eth wallet we are fucked.

>> No.53759291

>>53757927
Op this is a great point
Why isn’t Sergey fixing this

>> No.53759305

>>53757927
i love you biz. you never stop to entertain me

>> No.53759864

>>53757927
If I wire your bank account my money instead of mine I’m also fucked what is the point of this post