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RE: The Facts
None of the sockpuppet witnesses running 22.5 have updated price feeds even once. The issuance of SBD is whack, and it'll keep getting worse as long as Tron keeps governance from being undertaken by the community.
It's starting to fuck our money up, and we should be consulting counsel as a result. I don't expect polite requests to remedy the tort Tron is causing to produce results, since no other requests have produced any of Tron to date, including repeated requests to update the price feeds.
Lawyer up folks. This is gonna hit you in the wallet.
I seriously don't think any lawyer will be able to fix this mess - and the whole idea of involving lawyers and courts does not sit easy with most people in this community, "code is law". Perhaps it's a flawed idea to let the witnesses tell what they believe the USD-value of Steem is (or what they want it to be) without any kind of commitment.
Seeking a remedy is not necessarily fixing anything. It's just being made as whole after being broken as close as possible.
Maybe the idea is flawed. However, the system is set up for the price feeds to be updated, and when they're not, the Steem blockchain goes awry. What do you think is in control of rewards, SBD conversion, SBD printing, and payouts? The price feed.
It needs adjusting. Seeking redress of a tort is only necessary because assholes do you harm. Know a better way to get compensated for being harmed? Do let me know please.
The real WTF was probably allowing this "ninja mined stake" to exist without any safe-guards against malicious usage.
It's to be expected that many token-owners won't vote, it's to be expected that many token-owners will have tokens on the exchanges without bothering about it, but totally unexpected that the exchanges (except poloniex) would partake in such a move without doing proper due diligence.
The price feed is an average of the price set by witnesses, right? Or is it the median? It ought to be the median - in which case 20 witnesses reporting the wrong value won't skew the price too much.
If it's the average, a work-around could be that the active witnesses would count a bit on it and also report wrong values, trying to get the average right.
Well, now that you've chimed in, I'm sure everything will be alright.
You don't even know what the price feed does, or how it's used. Why even have an opinion if you know damn well your opinion is utterly insipid and without value of any kind whatsoever? Oh, you're shilling for your preferred overlord, and that's the point of posting your meritless opinion on price feeds.
STFU.