Cryptopolitan and TronWeekly say ZEC is up 20%, CoinTurk says 6%-still inconclusive

The Zcash market reports on September 4 were divided: the data differed by three times, and the truth was unclear.

There were significant differences between the two reports on the Zcash (ZEC) market on September 4. The data differed by nearly three times, and no report at present can clarify which is right and which is wrong.

Different media reports on ZEC's increase vary greatly.

Cryptopolitan and TronWeekly reported that Zcash's intraday increase on September 4 was about 20%, describing a sharp single-period market fluctuation. In an analysis of the same currency on the same day, CoinTurk News EN set the increase at about 6%. This is not an error caused by rounding, but a huge difference of more than three times, describing the performance of the same asset over the same 24 hours. Since neither report cited the exchange's own closing price data or designated data providers, there was a lack of primary original documents that could be used for arbitration. Although The Block and TronWeekly also reprinted relevant versions, bringing the number of parties involved to four channels and two independent publishers on each side, the number of reports only reflects the breadth of dissemination of the statement, not its accuracy.

Logically speaking, the principle of "unverified does not mean false" should be followed here: larger numbers are not automatically wrong because the numbers are large. Any user who uses ZEC market data on September 4 as downstream input (such as chart annotations, comparisons with daily gains in other altcoins) should treat the data as pending rather than blindly selecting the version that appears first.

Confirmed market movements are in sharp contrast to unconfirmed token data

The comparison with the stock market news of the same day is quite instructive. Both Invezz and Yahoo Finance reported that the Dow Jones index opened down about 150 points on September 4 and closed down about 270 points on September 4 due to a sharp increase in economists 'forecasts after the August employment report. This data is consistent in the two reports and has not caused controversy. The story was reported jointly by two independent publishers and the two sides agreed on the data, which is in sharp contrast to the controversy surrounding the ZEC incident. Putting this in the context of the ZEC dispute shows the standard of evidence promoted by the platform: it is not how many channels the story appears, but whether a consensus can be reached on the same data when multiple independent publishers report the same incident.

In addition, market reactions to the employment report need to be cautious. Traders have increased their bets on the Federal Reserve's interest rate hike this month based on hiring data, which has led to a general revaluation of the stock market, rather than specifically the cryptocurrency sector. This information does not explain the specific trend of Zcash that day, and readers should not forcibly associate it with it. Although the two occurred on the same day, there was no other causal connection.

The fact that Robinhood Chain suspended block production is conclusive, but the reasons remain to be clarified

Robinhood Chain briefly stopped generating new blocks, a claim that was reported by five independent publishers including BeInCrypto, CoinGape, CryptoBriefing, TronWeekly and U.Today, making the fact of "suspending blocks" one of the most popular statements at the time. However, these reports did not clearly explain the cause of the incident and the solution. BeInCrypto and U.Today have been mentioned as sources of existing details, but both have limited descriptions of the reasons and have not yet been established. This is a different type of gap from ZEC's data dispute: the former is two directly conflicting numbers, while the latter is supported by the underlying facts, but the explanation is partially missing. Although filling this gap requires a lower threshold, it should not be filled with speculation.

In tonight's case, one report contained differences in true data without a ruling from a primary source, another report where two publishers agreed on the same data, and another report had widely confirmed facts but unconfirmed reasons. These three states should be strictly distinguished and none of them should be regarded as a more certain conclusion than what existing information sources can allow.

Classified overview of this issue's report

ZEC prices soar: Media reports on intra-day increases on September 4 are mixed

Two independent publishers-There is no primary source of intra-day increase data on the two conflicts between ZEC.

Dow plunged 270 points, strong August employment report rekindled Fed interest rate hike expectations

Two independent publishers-In the same day report, the two publishers reached an agreement on the data as a comparison of ZEC disagreement cases.

Robinhood Chain briefly stopped block production, raising a lot of questions

5 independent publishers-a widely confirmed fact with unconfirmed reasons, which is different from a pure digital conflict.