 # Let me try to explain to you: ______________________ So it is better to have everyone with a set price because the less we have with a set price the more impact a single rogue value by 1 witness will have in the median. If we only have 3 witnesses with a set price lets say: `0.5 0.5 0.5 = >median = 0.5` If i went rogue and declared a 4th value of 1000 then it will be: `0.5 + 0.5 + 0.5 + 1000 /4 = 250.375` **And after a while the queue will only contain that value...** **The way to protect the price feed from such and attack:** Since even if the 21 witnesses have the price set and change it to a little value, the median calculation would be: `(SUM of 21 prices) / 21 ` so 1 witness setting the price @ 1000 even if all witnesses put a very small ammount the median minimum will be `1000 / 21 = 47` The only response to such an attack would be to remove votes from that witness until it is out of the shuffle. **An attack the opposite way** (to reduce the price) Would not be very efective because it can only approach to 0 value **I.E:** `0.5+0.5+0.5 / 3 = 0.50` / `0.5+0.5+0.5+0.000000000001 = 0.37` # Do you get it ? I never really got a deep interest in those parts because as a top 100000 witness i had ralely the opportunity to make a block, but it feels good to know and understand. # Well this post is basically bullshit because i made the mistake of confusing media (which in Spanish would be average) with median which is an statistical term)
author | nnnarvaez |
---|---|
permlink | i-finally-understood-why-it-is-important-that-each-witness-keeps-a-proper-price-feed |
category | witness |
json_metadata | {"tags":["witness","price","whitepaper","steem"],"image":["https://cdn.steemitimages.com/DQma8KfVyAnyssMK4SyhJaZeh7oUcsRw5a5SVhB2MKkYEQJ/image.png"],"app":"steemit/0.1","format":"markdown"} |
created | 2019-03-16 23:43:36 |
last_update | 2019-03-17 02:45:27 |
depth | 0 |
children | 3 |
last_payout | 2019-03-23 23:43:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.400 HBD |
curator_payout_value | 0.096 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 1,575 |
author_reputation | 64,435,481,297,270 |
root_title | "I finally understood why it is important that each witness keeps a proper price feed" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 81,431,395 |
net_rshares | 781,671,630,652 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
field | 0 | 16,733,990,913 | 100% | ||
alexbezimeni | 0 | 29,173,478 | 2% | ||
beanz | 0 | 151,640,518 | 100% | ||
poeticsnake | 0 | 244,725,782,908 | 100% | ||
marina007 | 0 | 486,407,366 | 2% | ||
betamusic | 0 | 81,764,009,141 | 50% | ||
ocrdu | 0 | 4,146,212,378 | 100% | ||
bukiland | 0 | 404,180,124 | 1.1% | ||
guiltyparties | 0 | 14,610,759,866 | 4% | ||
joejoekeys | 0 | 1,192,448,819 | 60% | ||
fshnkey | 0 | 404,610,662 | 100% | ||
idandy | 0 | 950,584,794 | 50% | ||
yacobh | 0 | 6,286,931,505 | 100% | ||
fbslo | 0 | 7,589,330,178 | 10% | ||
accelerator | 0 | 6,738,944,021 | 0.43% | ||
nnnarvaez | 0 | 4,027,001,160 | 100% | ||
bebeth | 0 | 74,531,002 | 100% | ||
reveur | 0 | 164,674,498,064 | 100% | ||
lifesavers | 0 | 1,533,758,087 | 21% | ||
dianacatalina | 0 | 71,469,652 | 20% | ||
robertoblasoni | 0 | 783,048,870 | 100% | ||
timbicktwo | 0 | 440,553,339 | 100% | ||
macodi1 | 0 | 551,887,142 | 40% | ||
joedukeg | 0 | 3,313,907,845 | 100% | ||
laguia | 0 | 4,713,212,970 | 100% | ||
delega | 0 | 4,045,212,224 | 100% | ||
bibas | 0 | 554,021,791 | 100% | ||
castellano | 0 | 190,408,264 | 100% | ||
clavismil | 0 | 553,147,741 | 100% | ||
kruznik | 0 | 279,147,965 | 100% | ||
cryptosharon | 0 | 55,603,446,423 | 100% | ||
marynessc | 0 | 1,220,498,016 | 100% | ||
sandracabrera | 0 | 765,250,985 | 50% | ||
nakary | 0 | 3,093,750,991 | 100% | ||
barbivicotoria | 0 | 251,502,811 | 50% | ||
vanessapinedos | 0 | 234,727,357 | 100% | ||
diegosouloflion | 0 | 92,747,424 | 25% | ||
miguelvargas | 0 | 2,806,923,745 | 100% | ||
abdulmath | 0 | 5,534,848,609 | 100% | ||
lockout | 0 | 481,330,154 | 100% | ||
yaibak | 0 | 1,616,209,654 | 100% | ||
joseangelvs | 0 | 1,809,725,153 | 100% | ||
jokebeddb | 0 | 894,599,628 | 50% | ||
dcabellor | 0 | 33,298,509,970 | 100% | ||
thecure | 0 | 628,018,174 | 100% | ||
nairesc | 0 | 1,507,406,892 | 100% | ||
beetlevc | 0 | 1,271,315,647 | 2% | ||
rhampagoe | 0 | 2,639,030,881 | 2.5% | ||
raul567 | 0 | 754,062,822 | 100% | ||
angelica7 | 0 | 68,484,054,081 | 20% | ||
venezuelas | 0 | 245,422,748 | 50% | ||
steemcur | 0 | 1,871,059,887 | 100% | ||
gatillo | 0 | 241,980,874 | 100% | ||
luisanahernandez | 0 | 1,018,284,661 | 100% | ||
mariita52 | 0 | 114,649,974 | 100% | ||
narkojen | 0 | 475,354,286 | 100% | ||
polfilds | 0 | 474,183,870 | 100% | ||
gnyumen | 0 | 475,529,154 | 100% | ||
barrimakgi | 0 | 472,924,375 | 100% | ||
maksimle | 0 | 474,416,487 | 100% | ||
nikponom1989 | 0 | 473,083,385 | 100% | ||
sblisn1985 | 0 | 475,664,654 | 100% | ||
igmosk1987 | 0 | 475,549,674 | 100% | ||
mkrilov | 0 | 476,349,853 | 100% | ||
hdu | 0 | 270,546,145 | 2% | ||
steemexpress | 0 | 1,486,335,633 | 2.65% | ||
optimizer | 0 | 14,881,798,969 | 12% | ||
pgshow | 0 | 667,913,959 | 0.9% | ||
hamsa.quality | 0 | 828,876,273 | 1% | ||
xrp.trail | 0 | 289,964,434 | 1.3% | ||
mister7 | 0 | 472,969,153 | 100% |
Hi @nnnarvaez. This info is good to realize that it is important to check witnesses performance. Is one of the is acting bad, user should aware of it and remove the votes for him/her. Additionally, it helps to understand one piece of the puzzle.
author | danielfs |
---|---|
permlink | re-nnnarvaez-i-finally-understood-why-it-is-important-that-each-witness-keeps-a-proper-price-feed-20190409t032011810z |
category | witness |
json_metadata | {"tags":["witness"],"users":["nnnarvaez"],"app":"steemit/0.1"} |
created | 2019-04-09 03:20:15 |
last_update | 2019-04-09 03:20:15 |
depth | 1 |
children | 1 |
last_payout | 2019-04-16 03:20:15 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 246 |
author_reputation | 4,184,505,874,677 |
root_title | "I finally understood why it is important that each witness keeps a proper price feed" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 82,720,991 |
net_rshares | 0 |
a million users can remove their vote... It wont matter, unless those users are whales... Votes are stake weighted. I am glad i raised curiosity in at least one person about the inner workings of the platform. This puzzle is really really interesting... On the other hand, i dont think any witness would mess with the internal price, however many lack the skills and understanding of why they should keep it updated.
author | nnnarvaez |
---|---|
permlink | re-danielfs-re-nnnarvaez-i-finally-understood-why-it-is-important-that-each-witness-keeps-a-proper-price-feed-20190409t093330749z |
category | witness |
json_metadata | {"tags":["witness"],"app":"steemit/0.1"} |
created | 2019-04-09 09:33:33 |
last_update | 2019-04-09 09:33:33 |
depth | 2 |
children | 0 |
last_payout | 2019-04-16 09:33:33 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 423 |
author_reputation | 64,435,481,297,270 |
root_title | "I finally understood why it is important that each witness keeps a proper price feed" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 82,732,880 |
net_rshares | 0 |
Love the engagment i get here!
author | nnnarvaez |
---|---|
permlink | re-nnnarvaez-i-finally-understood-why-it-is-important-that-each-witness-keeps-a-proper-price-feed-20190317t124132550z |
category | witness |
json_metadata | {"tags":["witness"],"app":"steemit/0.1"} |
created | 2019-03-17 12:41:33 |
last_update | 2019-03-17 12:41:33 |
depth | 1 |
children | 0 |
last_payout | 2019-03-24 12:41:33 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 30 |
author_reputation | 64,435,481,297,270 |
root_title | "I finally understood why it is important that each witness keeps a proper price feed" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 81,458,578 |
net_rshares | 0 |