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Messages - nero.franco

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Ok but let's assumo for example that they collude to set the price of the USD 2x higher for tomorrow at 11:00.
At 10.59 they could buy a lot of bitUSD and then then ask for settlement at 11:01 so as soon as they get caught the damage is already done.
Or there is some kind of built in protection?

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Technical Support / what is the source for price feeds and settlement price?
« on: September 09, 2016, 03:43:18 pm »
Hi all!
I have been doing some research but i couldn't manage to understand:
1) what are the sources for price feeds to calculate settlement price in smart coins?
2) if the prices are fetched and fed to the network by witnesses ...then who assures that witnesses don't collude to manipulate the price feed at their coinvenience?
   i have see that the number of witnesses is really small, it would be quite easy for them.

I hope that someone can reply to my questions, thanks.

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