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RE: A Full Steemit User's Guide to Steem Witnesses

in #steemit-guides • 9 years ago

Why the price feed from each witness differ?
Can they tweak the price from what their algos are announcing them about the price feed?
What is the interval at which they can change what their price feed announce?
Is the algo which provides witnesses with price feed part of the steem witness client/software?

Really interesting!

9 years ago in #steemit-guides by
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     9 years ago  

    Each witness generally will use different sources and settings and intervals to update their price feed. They can set any price they want, although now there will be more scrutiny on accurate reporting. Any automation of price feeds is done outside of the steemd software, although the command is fed to it. The command looks like this when using cli_wallet, if you are curious: publish_feed "pfunk" { "base":"0.225 SBD", "quote":"1.000 STEEM"} true

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     9 years ago  

    I really appreciated you answer. One day I plan on setting a witness up.