From
http://trilema.com/2014/mpoe-february-2014-statement/We have a major problem with data feeds. On one hand, feed providers do not generally have either the ethical maturity to understand the responsibility curating their feeds entails. On the other hand, feed providers do not have the intellectual complexity or professional experience to be able to actually curate their feeds.
So does Mr. MP, the "god" himself also not have the "intellectual complexity or professional experience to be able to actually curate" his own darn feed?
To have meaningful data, the feeds must originate at the source of the data. They have to come from the bitcoin exchanges. You can make whatever aggregated bitcoin price you want, but if the input data is not reliable, then the output is meaningless.
MP had 2 complaints about the bitcoincharts data feed:
1. Some small exchange pushed doge data instead of BTC data
2. They didn't remove Mt. Gox after they shut down trading
Neither complaint was about something that couldn't easily be fixed. If an exchange pushed an oddly large volume without other exchanges also pushing a larger volume, the data could be flagged and checked. The Mt. Gox news was impossible to miss, so there's no excuse for that.
There was no mention of bitstamp/btc-e/whatever not having reliable data.
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