Get the witnesses to adjust their price feeds 5% lower.
witnesses should be able to react, they get paid $50k a week to do this.
i will not support 5% force settle offset when its a simple case of witnesses not providing the correct feed.
Maybe you didn’t see 2 crazy witnesses set the feeding price at astonishing 0.5089 CNY while price at poloniex is 0.54 CNY at the same time.For the whole time ,they gave much lower feeding price than poloniex .
I strongly recommend you a coin price app tool aicoin(website :aicoin.com,not acoin.io ) to you.
BTSs in Poloniex are ‘fake' because they cannot circulate in the market.A worse news is that the BTS transaction volume of Poloniex consists of more than 70% of the market.The old feeding price mechanism cannot represent the price of true circulating BTSs.But this situation is not admited or found by all the witnesses.The gap between BTS feeding price and price of wallet BTS exchanges&BTS circulation exchanges such as zb.com is too big now.Things should be changed.
This scenario is not new. Since Feb. 9 to late May,Chinese major exchanges were forced by the gov. to forbid withdrawing bitcoins,which caused the price in these Chinese exchanges much lower than non-Chinese exchanges.As a result,the proportion of Chinese exchange bitcoin price was removed from some BTC price index. You can see here
https://tradeblock.com/blog/xbx-index-update-removing-okcoinIn short,we should admit that the feeding price should be more close to wallet exchanges or exchanges that BTSs can be withrawed,and BTSs in poloniex are 'fake'.The proportion of feeding price of poloniex should be removed or at least not at major postion .It is not consensus maybe because some witnesses want to manipulate price.or they don’t see it.