Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Lyster

๐Ÿ‘ค Speaker
225 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

They now track all balances subject to that hold.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

So if you deposit Fiat, it's not going to go up and down, right?

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

It's, it's 200 bucks, 200 bucks is 200 bucks.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

You then trans, you didn't do a transaction.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

You buy some USDT.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

So they're going to take fees and let's say you're left with one 99 USDT.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

okay that usdt is still subject to a hold makes sense they tell you that part now let's say you take the usdt you buy it to some project and it craps right and so now it's down to 10 bucks from their perspective from a balanced perspective you are now in the hole if it went down to ten dollars which is extreme but i'm just giving you some visuals so you can kind of picture it you're now in the hole 189 dollars you're in the hole

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

If you put your BDAG in there, and let's say your BDAG, like right now, a realistic number, depending for most people, let's say it's $100, you would not be able to withdraw that BDAG.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

You can't withdraw it back out.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

So once it's in there, you can't withdraw it back out because now what it's doing is it's trying to contribute to your balance.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

So it would offset your negative.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

The only time you would be able to withdraw then

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

Outside of the hold.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

So we're talking separate from the hold.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

I'll get back to the hold.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

I'm talking outside of the hold is that BDAG would have to go to profit to where now you're above the balance and then you can cash out that overage.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

They're basically saying, if you give us $200 worth of money, your balance, account balance, has to stay that $200, however the balance got there, whether it's fiat, whether it's crypto.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

That is not documented on their site, but that's how they do it.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

If your crypto goes to profit, you can take the profit excess.

Crypto Talk Radio: Basic Cryptonomics
Basic Cryptonomics 101: #Webot / Pionex.US vs. Other Exchanges

They'll let you withdraw that all day long.