Leicester

see i told you the cologne scented book wasn't gonna cut it folks crypto talk.fm my name is leister i am your host i stumbled across again i tend to do this on the weekend i stumbled across a very interesting post that is in response to an incident that happened a while ago

And I'm going to briefly talk about the incident.

I didn't do deep coverage on the incident because in one of my older episodes, I said everything like it's a matter when the leash from the ship ecosystem, the leash started printing out of control.

I was one of the first to do the coverage about the supply having increased and the message that came out somewhere that claimed it was a one-time 10% increase and that not that it was increasing 10% per day.

Well, that's been debunked.

leash was printing out of control we're now the billions of tokens on leash when at one point it only had a hundred thousand tokens it's printing out of control and so i did that high level and i was one of the first to talk about this

tells me it's a matter of time because leash and bone had been connected on liquidity pools.

Bone has been in a chaotic mess leash, this issue here.

And I said, ship's next ship's price is at all time low and dwindling.

And then people were looking and seeing that a lot of the burn activity had dwindled.

I don't really care about the burn activity.

What I do care about is the root cause of why the burn activity went down, which is a liquidity crisis that points.

that told some analysis tools that what we're seeing is that a lot of the bow or excuse me, Shiv that's out there is largely in leverage trading.

In other words, that there's not a lot of direct, you know, peer to peer decentralized.

There's not a lot of real activity.

There's not a lot of true activity and interest.

And when the leash situation happened, they were doing some updates talking about a V2.

And I covered some of the posts on called Daria.

He did a blog and that was back in October.

Well, that, that blog hasn't been updated since October.