I'm very curious as to what you believe it tells seeing as the majority of the witnesses are still feeding BSIP42 feeds and median/price is still with premium.
I just said "seems", and actually some witnesses that had applied BSIP42 on bitUSD now returned back, they now feed price much lower than the median when there is still obvious premium, including delegate.freedom, sahkan-bitshares, witness.yao, xn-delegate, bangzi, witness.hiblockchain...
Just wanted to clear that up because most people are not able to follow the bsip42 discussions. Yes some witnesses switched but the majority are still feeding w/ premium hence anything in the chart has nothing to do with xerocs announcement or a change in pricefeeding (since there wasn't one yet)
From my observation, although there were 15/27 witnesses trying to feed bitUSD according to bsip42, which is more than 1/2, the data says 2 of them have not configured the feedback algorithm well, that said, while bitUSD was still at premium, these 2 witnesses were feeding slightly lower-than-median price (BTS/bitUSD) (although higher than trading price), thus prevented the median feed price from adjusting towards to the "correct" direction. These 2 witnesses are: witness.still and btspp-witness. Likely they manually set a limitation on the adjustment that caused the result.
ok...thanks for clearing that up Abit.
Still, BSIP42 feeds are relatively close clustered together around a higher price just as non-BSIP42 feeds are clustered around a lower price. Final median might not be as high as it would've been had all witnesses adopted BSIP42 but i don't think the difference is big enough to "blame" for the jump in the chart Jerry supplied.
I only mentioned it because both of you have very solid arguments FOR bsip42 (although harder to follow for a big part of the community) which I'm following with great attention and it's a shame to dilute them with a reference to what IMHO is a potentially unrelated market move.