lofty
Posts: 101 
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Post by lofty on Jun 20, 2018 6:14:58 GMT
Agree with general sentiment of not changing the SM - if it ain't broke... Sure there could be better things, but there's definitely worse things that could be done. One suggestion for dealing with bots would be to introduce Google's reCAPTCHA - another P2P site has done so and it works effectively! (I could be sarcastic and suggest they remove it and hope some idiot with a bot clears out their SM  ) |
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 387
Likes: 388
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Post by brianlom1 on Jun 20, 2018 11:38:18 GMT
Agree with general sentiment of not changing the SM - if it ain't broke... Sure there could be better things, but there's definitely worse things that could be done. One suggestion for dealing with bots would be to introduce Google's reCAPTCHA - another P2P site has done so and it works effectively! (I could be sarcastic and suggest they remove it and hope some idiot with a bot clears out their SM ) - please do not introduce reCAPTCHA (I spent hours on SS clicking on those icons only to discover the loan parts had been sold in the meantime)
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Post by dan1 on Jun 20, 2018 12:17:51 GMT
Agree with general sentiment of not changing the SM - if it ain't broke... Sure there could be better things, but there's definitely worse things that could be done. One suggestion for dealing with bots would be to introduce Google's reCAPTCHA - another P2P site has done so and it works effectively! (I could be sarcastic and suggest they remove it and hope some idiot with a bot clears out their SM ) - please do not introduce reCAPTCHA (I spent hours on SS clicking on those icons only to discover the loan parts had been sold in the meantime) Iirc they did introduce a captcha about a year ago but removed it within hours following complaints, seem to recall elliotn commenting at the time? Edit: see p2pindependentforum.com/post/207992/thread
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lofty
Posts: 101
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Post by lofty on Jun 20, 2018 13:20:40 GMT
ablrate - please do not introduce reCAPTCHA (I spent hours on SS clicking on those icons only to discover the loan parts had been sold in the meantime) Iirc they did introduce a captcha about a year ago but removed it within hours following complaints, seem to recall elliotn commenting at the time? Edit: see p2pindependentforum.com/post/207992/threadOk, looks like I'm on my own about reCAPTCHA  Proves the point about consulting your customer base before before just introducing what you think are improvements...
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ceejay
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Post by ceejay on Jun 20, 2018 17:14:50 GMT
Interesting that in the old thread just referred to, ablrate said "No.. that's all good... it is automated scripts for trading... its not going on yet... but we wanted to make sue it doesnt.. no worries we will find a less intrusive way of dealing with it"
So at that time bots were seen as a potential rather than an actual problem. But now it seems that they are here for real, how will they be stopped?
Looking at that thread, it seemed that the problem was the clumsiness of the Captcha, particularly on mobile - surely that's got a lot slicker recently?
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marka
Member of DD Central
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Post by marka on Jun 21, 2018 8:37:45 GMT
Interesting that in the old thread just referred to, ablrate said "No.. that's all good... it is automated scripts for trading... its not going on yet... but we wanted to make sue it doesnt.. no worries we will find a less intrusive way of dealing with it"
So at that time bots were seen as a potential rather than an actual problem. But now it seems that they are here for real, how will they be stopped?
Looking at that thread, it seemed that the problem was the clumsiness of the Captcha, particularly on mobile - surely that's got a lot slicker recently?
How do you know that?
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ceejay
Posts: 971
Likes: 1,149
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Post by ceejay on Jun 21, 2018 8:54:36 GMT
Interesting that in the old thread just referred to, ablrate said "No.. that's all good... it is automated scripts for trading... its not going on yet... but we wanted to make sue it doesnt.. no worries we will find a less intrusive way of dealing with it"
So at that time bots were seen as a potential rather than an actual problem. But now it seems that they are here for real, how will they be stopped?
Looking at that thread, it seemed that the problem was the clumsiness of the Captcha, particularly on mobile - surely that's got a lot slicker recently?
How do you know that? see early posts in this thread
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brianlom1
Member of DD Central
He's not the Messiah, he's a very naughty boy!
Posts: 387
Likes: 388
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Post by brianlom1 on Jun 21, 2018 12:08:01 GMT
Why do people believe that bots are a problem?
There's £5K worth of 1000105 currently sitting on the SM at 99% that would seem to indicate otherwise
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withnell
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Post by withnell on Jun 21, 2018 13:03:17 GMT
And c.1.4k was there from last night through to this morning at the same price
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blender
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Post by blender on Jun 21, 2018 13:14:26 GMT
There is £12.7k available at 99% now. If this is the underwriter mentioned, and has a preferential rate on the loan (undisclosed), then I do not think they should have immediate access to the SM in competition with proper lenders. (I have none of this one).
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victors
Member of DD Central
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Post by victors on Jun 21, 2018 13:16:56 GMT
Why do people believe that bots are a problem? There's £5K worth of 1000105 currently sitting on the SM at 99% that would seem to indicate otherwise This seems to happen with a lot of new loans. Is it the underwriters trying to offload? If so, they must have advantageous terms to be able to sell at 99.0 immediately the loan goes live.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jun 21, 2018 13:22:16 GMT
There is £12.7k available at 99% now. If this is the underwriter mentioned, and has a preferential rate on the loan (undisclosed), then I do not think they should have immediate access to the SM in competition with proper lenders. (I have none of this one). makes it an attractive option to wait for loans to arrive on the SM in future though, rather than buying at original offer price...
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SteveT
Member of DD Central
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Post by SteveT on Jun 21, 2018 13:28:47 GMT
There is £12.7k available at 99% now. If this is the underwriter mentioned, and has a preferential rate on the loan (undisclosed), then I do not think they should have immediate access to the SM in competition with proper lenders. (I have none of this one). Not sure I understand that logic. If an underwriter is happy that deal back some of their margin to those wanting to add to their holdings then I’m not arguing. 1% discount is worth rather more than a few days of Instant Returns. The only risk for Ablrate is that canny lenders start holding back in the hope of buying at 99% after a new loan draws down.
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withnell
Member of DD Central
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Post by withnell on Jun 21, 2018 15:16:01 GMT
The only risk for Ablrate is that canny lenders start holding back in the hope of buying at 99% after a new loan draws down. I'm just confused that (supposedly) canny underwriters wouldn't look at how quickly it sells at 99 and offer the next chunk at 99.5!
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marka
Member of DD Central
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Post by marka on Jun 21, 2018 16:19:08 GMT
see early posts in this thread I see a couple of people claiming such, but absolutely nothing in the way of any sort of detail to back up the claims. I have picked up some cheap bargains on the SM on more than one occasion - presumably when another user is trying to sell it to their own ISA cheaply. Sometimes even managing to make a debit card deposit in order to do so, so if there are bots they are absolutely bloody useless.
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Proves the point about consulting your customer base before before just introducing what you think are improvements...
