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Post by Deleted on Jan 31, 2017 8:56:51 GMT
So the problem is the system is creaking at 4pm and you don't want to buy in more system until the FSA give you full approval (though even then that is just putting off the inevitable)
1) Is this not what the cloud is for? Will Amazon not host all this for you? 2) Why not upload a new deal at a random time, saying that allocation will be at 4pm say tomorrow 2b) set a limit per person for how much is available from now until 24 hours after 4pm tomorrow 2c) bids start now, that means you have to keep a queue last going, and you put a bot barrier in
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spiral
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Post by spiral on Jan 31, 2017 9:09:26 GMT
I would like any form of pre funding allocation (if opted for) to also operate on the SM.
If you could set your desired amounts for all loans, the system could have some sort of algorithm to allocate them when available. I don't like INPL so would only allocate the parts based on funded accounts.
This could be interesting in the run up to a new launch as people adding funds for the new loan might see those funds used to buy some of their desired SM parts that are being sold on by others.
This mechanism would mean that I'd probably not even spend 30 mins a week logged in whereas currently I'm closer to that each day.
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dovap
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Post by dovap on Jan 31, 2017 9:10:46 GMT
Before we decide on a solution, perhaps we should revisit what we are trying to achieve, since there is some disagreement there? In my view we are trying to 'smear out' the 4pm rush over some period of hours or days, while achieving a 'fair' allocation of loans among lenders. My definition of 'fair' is 'equal shares for all' (even spouses, but maybe not 'multiple accounts for on individual'). Other views seem to be much as they were on SS .. i.e. if someone has 10x the cash available they should get 10x as much of the loan, or if someone can be available at 4pm, or have a faster internet connection, or automation skills, or whatever, they should be similarly advantaged or handicapped. The current system is NOT 'fair', unless Ed gets the maximum bid size exactly right (which he doesn't), and even then requires you to be there during a 24 hour period. Setting it as 'amount of loan / number of investors' would guarantee everyone a small slice (for the duration of the lockout), but that's going too far the other way, unless the lockout is rather less than 24 hours (which gets back to cramming X bids into a short time, which doesn't scale well as X increases). It doesn't seem terribly fair tbh that someone operating their own account, their OH's account and 'business' accounts gets x times a shot at the allocation in any restricted bidding period. (it's essentially gnoming for anyone with a betting background) Previously I don't suppose it overly mattered with loans hanging around for days/weeks. Get the initial bid size right, limit to one per household/linked acct, improve the hardware No INPL. Stick to simplicity and reliability of the 16:00 KO Job done.
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Post by Deleted on Jan 31, 2017 9:20:11 GMT
(it's essentially gnoming for anyone with a betting background) How does the borrowing of gnomes from gardens influence this?
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SteveT
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Post by SteveT on Jan 31, 2017 9:23:11 GMT
I would like any form of pre funding allocation (if opted for) to also operate on the SM. If you could set your desired amounts for all loans, the system could have some sort of algorithm to allocate them when available. I don't like INPL so would only allocate the parts based on funded accounts. I fear that extending any new pre-bid / allocation system to encompass the SM (effectively creating an AC-style "shrapnelator" with lenders setting buying targets) will hugely complicate the MT systems, forcing either a randomised ballot or queue process to allocate small SM offers across hundreds of lenders looking to buy, or else a descent into the hellish world of micro-penny parts calculated to 16 decimal places. And, unless Shuang manages to aggregate all the resulting very small parts (bought on different days) into a single loan holding whilst still calculating the month's interest correctly, our "My Live Loans" pages will become totally unmanageable.
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spiral
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Post by spiral on Jan 31, 2017 9:30:51 GMT
It doesn't seem terribly fair tbh that someone operating their own account, their OH's account Interestingly, I monitor 2 accounts on MT, one for me and one for my wife. My wife's account was opened as she is a non tax payer and it was my intention to transfer my account across to her and leave mine dormant. Unfortunately there is no simple way to achieve this. When I contacted MT I was told that I'd need to place them on the SM and have my wife's account buy them up. I have not done this as I suspect that I'd get beaten in the FFF frenzy to buy my own parts. What this means is that I am left tracking 2 accounts for the foreseeable future which is exactly the process I didn't want. As I don't see this ending anytime soon, yesterday I made the decision that I would "operate" both accounts and this lead to me bidding from both accounts for the first time whereas I'd really prefer to just have 1 account to operate.
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archie
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Post by archie on Jan 31, 2017 9:36:46 GMT
One of the best things about MT is it's simplicity. Please keep that.
The different platforms should keep their uniqueness, I don't want a lot of identikit sites.
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spiral
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Post by spiral on Jan 31, 2017 9:40:44 GMT
I fear that extending any new pre-bid / allocation system to encompass the SM (effectively creating an AC-style "shrapnelator" with lenders setting buying targets) will hugely complicate the MT systems, forcing either a randomised ballot or queue process to allocate small SM offers across hundreds of lenders looking to buy, or else a descent into the hellish world of micro-penny parts calculated to 16 decimal places. And, unless Shuang manages to aggregate all the resulting very small parts (bought on different days) into a single loan holding whilst still calculating the month's interest correctly, our "My Live Loans" pages will become totally unmanageable. I wouldn't see it as that difficult. I would create a queue of lenders (e.g alphabetically) As soon as something becomes available move down that queue until you match the first person that requires that part and has funds to buy it. Whether you adopt a "that person gets it all" or you operate on a £1 round robin basis I personally don't mind. What I want is a system that enables me to achieve my goals without having to be at the computer 24/7. When the next part becomes available, you start the queue from where it stopped last time.
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woodie
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Post by woodie on Jan 31, 2017 9:46:39 GMT
Suggest following amendments but basically keeping Things as they are;
increase capacity of server remove bots as far as possible remove multiple accounts from same IP address and/or same bank details reduce bit size to ensure, as far as possible, a 2nd 24hr slot reduce bit size by 50% for second 24hr period.
ps really pleased last loan had no connection with any previous loan, more of those please, and to all Things well done.
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Post by richardthe4th on Jan 31, 2017 9:48:51 GMT
Personally, I'm happy with things as they are although that is probably because I'm only a small investor (£100-£200 per loan) so I normally get more or less what I want.
I don't find logging on at 4pm for a few minutes particularly onerous.
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guff
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Post by guff on Jan 31, 2017 9:52:08 GMT
remove multiple accounts from same IP address and/or same bank details Please justify. Especially for my wife, with whom I share a joint account. Or do you want her to use one of her other bank accounts and a proxy server?
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Post by bonfemme on Jan 31, 2017 9:58:57 GMT
Suggest following amendments but basically keeping Things as they are; increase capacity of server remove bots as far as possible remove multiple accounts from same IP address and/or same bank details reduce bit size to ensure, as far as possible, a 2nd 24hr slot reduce bit size by 50% for second 24hr period. ps really pleased last loan had no connection with any previous loan, more of those please, and to all Things well done. I would be furious if I was banned from having an account simply because my partner has one. We are individuals with individual saving/investment plans, and not clones of each other. And yes, when he's at work and busy, I do put in a bid for him.
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jaswells
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Post by jaswells on Jan 31, 2017 10:02:23 GMT
I would much prefer a bottom up pre fund model. Platform remains straight forward but much fairer all round. Anything that removes a feeding frenzy, fast finger approach improves the quality/professionalism of any site as far as I can see.
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jo
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Post by jo on Jan 31, 2017 10:03:13 GMT
Yes, please introduce pre-funding.
Thanks.
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roy
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Post by roy on Jan 31, 2017 10:06:50 GMT
Please leave it as it is.
Roy
edit: If you decide to introduce pre-funding, bottom up with no INPL please.
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