Pls forgive these newbie questions and my lack of knowledge about the markets. I am apparently still a bit foggy on some of the basics of BitAssets.
1) It is my understanding there's nothing very complicated about price feeds, and that most delegates use scripts to create the feeds they publish by aggregating commonly available public prices for assets like gold, silver, oil, dollars etc. If delegates simply stopped their scripts (and thus the feed), why can't the sources be used directly? Isn't the delegate feed just a trusted convenience?
If the script is functioning honestly and without manipulation and is open source, is it unreasonable to expect someone somewhere will be using it to publish an accurate feed, and in that case can't all such script outputs be used to check validity of a particular feed (script) output?
2) Is a "blackswan" event simply the halting of price feed data, and would that be due only b/c all sources being aggregated to produce the feed have stopped making that data available (for example the price of gold after the London fix is closed, like during the weekend)?
Not long ago I posted some questions about BitAssets, with special attention to what price feeds are and how they are set. But this thread leads me to believe the answers I got must have been more conceptual and missing important practical details.
Since BitAssets are extremely important in the BitShares ecosystem, it is imperative I understand them well, and this thread leads me to believe I don't.