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Complaint against clockwork witness

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yamtt:


@blckchnd

zhouxiaobao:
      Bitusd is different from bitcny. As far as I know, in the United States, you cannot directly exchange legal tender for bitusd, but in China we can directly exchange legal tender for bitcny. 1bitusd is not equal to 1usd. it is obviously unreasonable to use bitusd to calculate the premium of bitcny.
        It is very clear how much RMB can be exchanged for 1bitcny. As can be seen from the Magic wallet, the daily transaction volume is at least hundreds of thousands.
        Why do I care about the feeding price? Because I invested more than 2 million RMB in DEX. I bought bitcny directly in RMB
 and then traded in DEX. This is what many people do in China.Bitcny has always been at a premium.
       I think to a large extent, it is the feeding price that affects the BTS price, not the BTS price that affects the feeding price. Because it may actually be DEX in BTS's largest trading market, but DEX has almost no effect on the feed price.

Digital Lucifer:

--- Quote from: George_Bitspark on May 16, 2019, 12:38:14 pm ---Dont see any issues with clockworks feeds, the price of bitCNY on the DEX is irrelevant to the feed, the price at any given time reflects market sentiment on the DEX for that smartcoin. Feeds are meant to reflect an accurate price of CNY in BTS from third party sources otherwise if the price comes from your own DEX trading price then it can easily be manipulated. Are the formulas published openly ?

--- End quote ---

BitCNY was traded, day before yesterday, on the DEX 6.99 and 7.05 for 1 bitUSD, while its actual fiat conversion rate was ~6.88

Regardless of what witness will feed, its heavy manipulated market and arbitrage from their fiat gateway to DEX and vice-versa. I do understand why so much interest for "perfection" around bitCNY, but i'm not letting someone like Alex being raped publicly without even decent colleague to ask him on PM - "hey man, whats up with your feed ? Do you need some help ?". Instead I see Asian community disregarding his timezone and regular life obligations on top of it, and just ram.

Btw, on the other hand, fellow stakeholders, if we are so much into the price feeds, why the f**k securitydatanode block producer is active, signing blocks and not providing ANY feeds ?

zhouxiaobao:

--- Quote from: xeroc on May 16, 2019, 02:20:12 pm ---To my knowledge most price feeds **DO** consider the dex price too. But usually prices are **VOLUME** weighted.
Arguable, this needs to be use carefully with exchanges that fake their volume.

--- End quote ---
        According to DEX's current trading volume, I think the proportion of DEX price should reach at least 50%.
        According to the observation over the past few days, it seems that the price of DEX has almost no effect on the feeding price.
        I hope that the Council can come up with a unified rule for the provision of feed prices. The witnesses' feed prices are far too different.

xeroc:
To my knowledge most price feeds **DO** consider the dex price too. But usually prices are **VOLUME** weighted.
Arguable, this needs to be use carefully with exchanges that fake their volume.

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