Episode Transcript
[00:00:00] Out of Cycle Update.
[00:00:03] I can only surmise at this point that Bone is somehow associated with Richard Heart. CryptoTalk FM. My name is Leister. I'm your host with a slightly breaking news update that you may or may not have been aware of, but Bitget, which is an exchange that does not serve the United States like some idiots, but Bitget recently put out an announcement on their site claiming that they are going to be delisting the Bone shibaswap token effective July 25.
[00:00:29] Anybody on the spot side, anybody who's doing the trading on Bitget, you're gonna want to try to do something about that because you know your tokens are gonna get locked up. But getting delisted from yet another exchange does not bode well for the Bone token. Of course, I was a whale in bone. Nowhere close now, but at one point, I was a whale in bone and I saw. I saw the sign. I opened up my eyes and saw the signs. I saw that these idiots were gonna kill the business the moment they did the Cologne Senate book. Have you noticed the moment they did the cologne send it book stunt that Shytoshi did, all of a sudden, it's been nothing but decline ever since then. And then I was told on a community post that it was on Reddit. Apparently Shytoshi stepped down. That's what I was told. I don't know that's true, but that's what I was told. Lucy's been doing messages. Somebody else said that the discord is nothing but Lucy's friends. That's the chatter that's going on. The negative sentiment is at a fever pitch.
[00:01:24] Somebody else chimed in. I thought this was interesting. So for the people that don't know Bone was renounced, the developers renounced Bone. They basically said, we're nothing to do with the contract anymore. We're not going to make any changes. It is what it is. It's the gas for Shibarium. I'm kind of walking away from it. Okay, so then that was supposed to lead to good things. After Shibarium's launch, this idea that it's we're doing everything allegedly that Binance is asking us to do, which is it got to be a renounced contract, it's got to be a got to have a strong utility, etcetera and so on. Nothing happened. Right. Token craps and craps and craps. Here we are with Ethereum running up. And for those that don't Remember, Ethereum/usdt more so. Ethereum has been one of the primary pairs against the Bone shivaswap token. Because of course, bone and shib were on the Ethereum chain. So the Ethereum pairing should have caused a strong pump on bone, if only because it's paired to Ethereum. However, we're seeing that bone is going down, it's not going up. And that seems to be a pattern. Whenever Ethereum was running up, that bone was not going up, it was going down. Same with the leash token.
[00:02:28] Some people were throwing out theories. I have my own theory about that.
[00:02:32] My theory is this. If there's too much supply sitting out there. So when they talk about the liquidity balance, let's say just eth, just eth, the liquidity balance largely correlates to what you see in terms of price movement.
[00:02:48] In other words, if I see that the price is going in the negative direction as opposed to what I would expect it to do. So in this case, Ethereum's going up, bones going down. Well, what does that usually tell me? That usually tells me that unfortunately, there just happens to be too much of the bone supply in the pool and not enough of the ETH supply in the pool to offset and rebalance. This is my theory. I'm not putting out facts because I don't know, I'm not in the eco and they renounced it, but usually that's what it tells me. It tells me there's simply too much supply sitting out there unsold, and as a result it's being devalued because it's not being, you know, you're not getting aggressive push and you want to get more on the Ethereum side that then correlates to a liquidity challenge. The main reason that exchanges kick your phone is when there's a liquidity challenge. So the fact that they've already been kicked off of, I believe, three exchanges so far and counting seems to correlate to what I'm talking about to be the truth, which is a liquidity challenge on the Bone project.
[00:03:49] Now, Shiv has not gotten kicked off exchange as far as I can tell, so it seems to only be bone. I talked about in an older episode how the developers. I was in discord. This was like a year and a half ago. And the developers claimed Shiv is. It's. It's controlled by the exchanges. There's nothing they could do about it. But with Bone, they want to try to take back control and maintain it. A poster on Reddit put something out and I thought it was intriguing. I hadn't been following the ecosystem with intricate degree, but I want to share what this person was saying. Because if that's. If it's true, it would explain a lot of what we're seeing. It would explain a lot of the sentiment issues. It explained a lot of the problems.
[00:04:28] User oh God yes please says quote I mentioned this a few times but Binance will never happen with Bone Call. I don't know who that is. Khaal and Shytoshi blacklisted a few wallets, including the Binance wallet. A few years ago I saw a screenshot from their back channels. They didn't want the exchanges to dump the reward tokens. This pissed off Binance, especially after a horrible meeting had with them and the project is basically banned from the exchange Stop. So the allegation is. And it would. According to what I saw in the discord with the Shib and Bone situation, it's possible that they went through all these rigor to try to appeal to Binance.
[00:05:11] So they do the renounce. They do all that Shabir everything. They do all that to try to appeal to Binance.
[00:05:17] Then they have a conversation with the Binance to try to get something going. They don't like how that meeting goes and being spiteful jack offs they say okay well we'll just blacklist you mother fathers after the blacklisting.
[00:05:32] Binance says okay well then you're never going to get our exchange. Then screw you.
[00:05:36] Shytoshi and Lucy then say fine, we'll just stay decent. Because remember I said in another past Lucy was talking about we shouldn't worry about the central exchanges, we should just stay decent because the central exchanges are just greedy.
[00:05:48] This might be where that's coming from. My point is that this may tie it all up. This may explain why Lucy's saying what she's saying. That didn't make any damn sense about why they weren't going aggressive after exchanges for something that was allegedly the gas token for Shibarium and why Bone has never been able to thrive and why the liquidity is at challenge because of sentiment, because they can't seem to get their act together. If it's true that at the time they were trying to get appeals to Binance and other exchanges with the actions they were taking and prior to them renouncing the contract, they had some falling out with Binance that resulted in them blacklisting wallets. So now it's renounced, they can't undo it. Right? And then Binance says okay well screw you then you're just not going to get on the exchange. And maybe some of the others because remember Binance might be colluding with some of the other larger exchanges to blacklist this token from the other exchanges too. And then now, because liquidity is at risk, because we're not seeing any sort of positive movement, everything is kind of crapping out with Bone. This is bad, folks. If it's true, and I don't know if it is, but it would make sense. Everything makes sense if you piece it together that way about why things went the way they did, the whole renounce then might have been their excuse, right? It's a. It's an excuse to say, well, we're out of it now, we can't do anything with this token so that Shytoshi could abandon it, take the money and run, just like the car salesman on Seifu. And yes, I just do that correlation because how can you draw any different outcome? Because that's exactly what happened here.
[00:07:20] If what's said is true, it means Shytoshi Kusama pitched you a cologne scented book, lied to you, published a blockchain that's essentially a copy of Polygon. That's a piece of garbage that nobody uses in a spiteful rage, allegedly, in a spiteful rage, blacklisted a bunch of wallets for the large central exchanges, renounced the contract so they can make an excuse, took the money, said they're going to abandon the project, and now they're leaving it in a lurch while Lucy's there trying to make a bunch of excuses. That's what you're allegedly left with here, folks. If somebody has contradicting information, contradicting what I just pieced together, that says no, there is no blacklist on that. No, Binance did not do that. No, what that person said on Reddit, flat out not true. Other than Lucy, because I don't believe her. But if somebody has contradicting evidence, if you can come back and say no, there are successful things. No, there's this. I'm not talking the garbage, Marium. I'm talking about this thing about central exchanges. Because as I said, you're not going to go anywhere if you don't have the central exchanges. So if you have information that correlates that the central exchanges are still interested and contradicts what bit yet just did, which is kick you off of its exchange. I want to smoke CryptoTalk FM. Hit the comment form or comments here down below. Either way, in the meantime and in between time Bone is not looking good.
[00:08:43] Is it dead?
[00:08:45] It's close.
[00:08:46] Look at the price and then look at Shiva Swap. I posted an image that the Shiva swap. Liquidity is bad. If you can't even get liquidity on your own Dex, how do you expect to get on cex? Especially if it's true that they blacklisted some of these wallets. It's not looking good.
[00:09:02] Ethereum is running up. Ethereum went past 3500 bucks. That's great. But bone is still at this rock bottom price.
[00:09:10] It can only result one of two ways. Either a it keeps going down until it's too late or B it has a rubber band explosive move upside or leash does.
[00:09:20] But my point is right now, today as I record, it's not looking good. And you should not be happy with what you're seeing from an idiot who pitched you a cologne scented book.
