Pinnacle using same algorithm as BEST FTSO, tSovreign et al

Hi,

It appears that the Pinnacle signal provider on the Songbird network is run by a dev group based on a high success rate over a very short period of time, and sharing the same error rate as Best FTSO, and tSovreign

https://songbird-ftso-monitor.flare.network/price?currency=XRP&startTime=3h&providerAddress=0x2004b4f504eeebef915546a6f279dde886b61c2b,0x66064b9755ff3c26c380be0fbe7f38df6222ba15,0x939789ed3d07a80da886a3e3017d665cbb5591dc

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Hi

As per section 2.2 Process for Chill Proposals, sub section 1 Discussion

I have informed Pinacle FTSO:

https://twitter.com/PinnacleFTSO/status/1679106406555996161

Se we might be able to discuss further

Edit:

Best - 0x939789ed3d07a80da886a3e3017d665cbb5591dc
Pinnacle - 0x2004b4f504eeebef915546a6f279dde886b61c2b

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Best - 0x939789ed3d07a80da886a3e3017d665cbb5591dc
Pinnacle - 0x2004b4f504eeebef915546a6f279dde886b61c2b

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Pinnacle - 0x2004b4f504eeebef915546a6f279dde886b61c2b
01 - 0x229458a754cd1aeba8a0c87f59e22777d593b85a

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Best - 0x939789ed3d07a80da886a3e3017d665cbb5591dc
Pinnacle - 0x2004b4f504eeebef915546a6f279dde886b61c2b

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Best - 0x939789ed3d07a80da886a3e3017d665cbb5591dc
01 - 0x229458a754cd1aeba8a0c87f59e22777d593b85a

1 Like

Pinnacle - 0x2004b4f504eeebef915546a6f279dde886b61c2b
01 - 0x229458a754cd1aeba8a0c87f59e22777d593b85a

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Those price anomalies are definitely suspicious. I am interested to see more evidence and hear from the people behind this provider.

I will chase them on twitter

Edit: Have chased

https://twitter.com/sundaracouk1/status/1680291347062747139

I already left the Best group and I stopped the operation of Pinnacle.

@BenUYS Look at this.


These are Ivy Oracle and Aureus Ox.
According to your opinion, shouldn’t these also be seen as colluding?

@PinnacleFTSO Great try, unfortunately you chose to compare two prices in the “relative” view. Anyone reading this forum may look at the scale on the left hand side and realize the prices do not correspond to the price of ETH.

Funny though, as another colluding group had tried to present this comparison in the past to implicate other providers. Have you had some communication with that group?

Unfortunately, the evidence presented against you is on an “actual” price scale which show drastic, improbable spikes.

They grey shadow also represents the reward band which clearly also spikes at the same time, so many other providers would have experienced the same ‘spike’.

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Hi

Can I ask why you left the best group?

Well given that he admitted he left the best group to me is clear admission of collusion. Even though he is no longer submitting I think with this admission we should still move forward with a formal chill proposal and first strike against this provider for being involved in colluding with multiple other providers.

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I agree with @Brent-4Dads. I wish @PinnacleFTSO would have tried to explain or comment on the collusion. Instead they falsely accused other providers. I support the chilling.

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Are you implying a 0.02% spike is the same as what was posted above?
The magnitude matters as well.
For example in your picture with 01 u have a 10% difference from the median which if we compare it to what you used in your defense is a 500 times larger spike.
Its also about the amount. Two providers running for a year having a few spikes is different than 1 provider running for 1 month and already having tens.

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This is slander and there is not enough evidence. As I have already discovered, the same phenomena appear with other providers as well.

Hardly slander, @PinnacleFTSO with who have you seen the same phenomena occur? Are you referring to other colluding providers?