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Post by Deleted on Mar 15, 2016 11:10:01 GMT
"I thought prefunding was the simpler option and more efficient for everyone"
No, it is a right pain and uses both my time and energy.
MT says what is going to do when it is going to do and then does it. It is the most efficient system going. I log on at 3:59:30 and log off at 4:00:30 having made my bid. I fit in my transfers when I'm not busy.
With SS, it all the wait and see nonsense, then you get a sudden message, send us money, seldom the money you bid. I could be anywhere in the world and now I have a clock ticking.
Save us from pre-funding. My MT investment is twice that of SS due the simplicity and straightforward nature of MT compared to the complexity of SS.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 15, 2016 11:27:26 GMT
Prefunding was introduced to solve a significant problem on SS. Namely that the servers couldnt cope with the pressure of everybody logging on at launch time to grab a bit of a loan. That situation has yet to arise on MT, possibly because early experience of FFF led to a quick response with the introduction of portfolios (increasing the size of loans & reducing the time people needed to be on the platform) and bid limits. Demand has also been managed by not advertising and just growing organically. 12% for a couple of minutes work perhaps a few times a week doesnt sound an unreasonable or onerous proposition. Probabaly spend more time deleting the duplicate SS emails
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star dust
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Post by star dust on Mar 15, 2016 11:31:28 GMT
Doesn't the limit problem go away if MT were to adopt a prefunding model ala SS instead? Oh God, not this one again. MT's bid limits work well in ensuring that new loans stay available for approx. 24 hours. Why do we need anything more complex? Well lets leave the limit at 1% then so we don't get a scrum (at 5%) with 20 BH's mopping up an entire loan . And if Ed doesn't have 20 BH's right now, I'm sure he will have soon. I'm not particularly looking for identikit platforms, and I'm a fan of both MT and SS for different reasons.
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 15, 2016 11:33:53 GMT
I agree that we don't want pre-funding. The only improvement for me would be the ability to make more than one bid in the 24 hour periods (up to the max allowed).
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Mar 15, 2016 14:11:17 GMT
IMO pre-funding and limit bids can both work to solve the same problem. Limit bids mean more work for MT but Ed seems happy with it. The problem of gaming with pre-funding on SS is mainly due to their system of INPL which would not be an issue for MT. For the time being I see no need to change anything and let's see how things pan out. MT should always bear in mind that pre-funding is a tested alternative should it become desirable, and similarly SS in reverse.
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Post by MoneyThing on Mar 15, 2016 14:20:31 GMT
Afternoon,
Whilst you have been discussing this topic, we have also been in discussions this end too!
I will shortly post some thoughts of where our thinking is up to on the 'web suggestions' thread to garner some initial feedback (or perhaps I will create a new thread).
See you over there shortly...
Kind regards,
Ed
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Investor
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Post by Investor on Mar 15, 2016 14:23:35 GMT
gurner?
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SteveT
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Post by SteveT on Mar 15, 2016 14:25:36 GMT
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Post by MoneyThing on Mar 15, 2016 14:27:46 GMT
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Investor
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Post by Investor on Mar 15, 2016 14:27:58 GMT
Or in modern slang an alternative name for an ecstacy or MDMA tablet, or for someone who has recently partaken of these substances
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Investor
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Post by Investor on Mar 15, 2016 14:29:48 GMT
Damn, I had a fiver on 'gather'
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Monetus
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Post by Monetus on Mar 15, 2016 15:11:19 GMT
This is a great loan if you're looking to keep funds allocated for a good while.
Good LTV, strong proposal and exit strategy, solid developer background and there is always a big demand for student property.
I would gladly invest in plenty more of these types of loans in the future if they became available!
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pom
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Post by pom on Mar 15, 2016 16:15:18 GMT
I agree that we don't want pre-funding. The only improvement for me would be the ability to make more than one bid in the 24 hour periods (up to the max allowed). You already can, just send them an email and they'll do it for you....like they did for me today
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jonno
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nil satis nisi optimum
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Post by jonno on Mar 15, 2016 16:33:21 GMT
I agree that we don't want pre-funding. The only improvement for me would be the ability to make more than one bid in the 24 hour periods (up to the max allowed). You already can, just send them an email and they'll do it for you....like they did for me today Yes I know but if I'm just topping up with,say,interest it shouldn't need such a clunky solution.
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Monetus
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Post by Monetus on Mar 16, 2016 16:28:36 GMT
2nd Tranche of this loan now live...
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