Spy Bee

When I was little our cat gave birth to a litter in my wardrobe. I found them and ran through to my mum saying "My wardrobe is full of wats!". Our cats like bringing us mice, but no rats yet.

It was a lot, but I made a lot from trading in the vault, and with the rollback I am not sure how much of my profit will be expunged. Then, I think I will be left with a chunk in xUSD, and we really don't know what the price will do on all functionality reopening.

I think between exchanges, but I've not had the time to fully get into the detail. Like with the rollback. I literally now don't know how many XHV I own to the nearest 1000.

Transfers from KuCoin are not allowed at the moment, as far as I understand.

It's very weird. Kucoin is not currently allowing trading, but the price on there is fluctuating, but the price on CoinEx is several times higher and at a decent volume. Nah, it got hacked. The devs were complacent and they seem to have learned a lot. This happened to BTC and ETH back in the day too.

They are amending the lag to remove opportunities to exploit it. I have been too busy to read up on all the recent developments, but there is a PDF here: https://havenprotocol.org/wp-content/uploads/2021/07/Technical-Overview-of-June-2021-Exploits.pdf

As they described it "extreme situations require extreme measures".

The XHV plot thickens. It seems someone has been able to mint fake XHV. They have transferred loads to the exchanges and sold, which has caused the massive dump. They've frozen the vault while they investigate, so who knows what comes next. It may have lost true fungibility, it may recover strongly as it was only ever going down due to the scam. This drop in virtual XHV has not yet been explained.

I read it's the garage under the arch and the fire is out.

I'm having a dabble at a couple of microcaps. UNO and LSS, just because my mate tipped them, and he's just bnought a house for over a million quid with his crypto profits!

I burned a chunk last week, so for me it's not a terrible thing as I have doubled by stack. It seems to be incredibly inflationary at the moment though. If you look at the number of virtual XHV on havex.io you can see it's gone from like 15m to 25m. I need to do some reading, but apparently this happens with LUNA too, but was just a consequence of circumstances, with no long term damaging effects. XHV also basically got hacked by a whale who was using the lag in pricing from the oracle to offset risk in mining xUSD and XHV. I don't exactly understand what he did, but I can see there was a weakness to be exploited there. Seems he made several million dollars worth of XHV and has then dumped them, leading to panic selling. I'm pretty calm when looking at it's long term prospects. We have integration with THORchain coming very soon and once xAssets are available on different exchanges we should see a significant rise in demand. Also, USDT is looking very shaky, so people might be more inclined to look to an algorithmically backed stable coin. It could go back up just as fast as it crashed. This is crypto. Nothing is without risk. I liken it to surfing... most of us don't really know what we are doing, most of us are shit at it and we end up under water a lot, but it's still somehow fun!

I'm going to the ODI in Edgbaston in a few weeks. How do I get beer? DO I have to walk up to a bar and ask for it? That seems so antiquated!

I did call this dip a while ago... seems to be resilient above $30k, but I expect that to be breached sometime soon... then some more sideways chop before end of year bull run. Best guess.

I burned XHV for xUSD last week and have 20 hours before I can burn/mint back into XHV. THis sudden spike in pricing is not good for my blood pressure.

Bit out of the loop here, I didn't realise Haseeb Hameed had recovered his form: https://www.thecricketer.com/Topics/news/huw_turbervill_haseeb_hameed_mystery_hopefully_solved_england_cricket.html I just saw he was carrying drinks at the Test Match and then realised he was in the squad. I'm made up for the lad.