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Also....what if i have attack 70ms and release 50ms...what happens then?
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If you have a transient that lasts for less than 70mS, maybe nothing, or maybe a slight compression effect.
Otherwise it should work "as expected". Compression should have fully kicked-in* 70mS after the signal goes above the threshold and gain/levels should be back to normal 50mS after the signal falls below the threshold.
As far as I know, there is no industry standard for attack & release times... But it might be about 90%, so at the after 70mS you might have 90% of the compression ratio.