duck
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Post by duck on Mar 1, 2017 10:06:18 GMT
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Post by GSV3MIaC on Mar 1, 2017 15:26:33 GMT
Well "nice one", but that's rather an odd way for MoneyThing to announce it to us all?
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Post by marcusponds on Mar 1, 2017 15:42:24 GMT
Odd and not like Ed.
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Post by MoneyThing on Mar 1, 2017 16:04:08 GMT
Afternoon,
Still early days in the design and making, however I think we agreed that we were going to implement some form of pre-bidding arrangement.
The article was published following a call from one of their journalists who clearly reads this forum quite regularly (Hi Marc!).
Regards,
Ed
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niceguy37
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Post by niceguy37 on Mar 1, 2017 16:04:38 GMT
I, for one, look forward to this.
Recently I've logged in a few minutes after 4pm to find no availability, and wondered if I was doing something wrong when there was no availability.
Hopefully everyone will get a fair share.
Perhaps the system could even show the total demand, and estimate how much each lender will be allocated, so we can provide about roughly the right amount of funds.
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jo
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Post by jo on Mar 1, 2017 16:45:23 GMT
Good.
A wise platform eats the bots or the bots eat them.
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dovap
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Post by dovap on Mar 1, 2017 16:49:15 GMT
Shame to be going the way of SS.
Current system works well when the allocation is set correctly.
ho hum - multiple linked accounts then to get a decent pre-bid
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fasty
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Post by fasty on Mar 1, 2017 17:07:27 GMT
On occasion, I've rescheduled meetings to start at 16:05 instead of 16:00, which puzzles colleagues I made my last bid at Sainsbury's deli counter, however. Exiles from FC might fondly recall why I also used to schedule some meetings to start at 14:10 instead of 14:00. Pre-biddings sounds kinda-nice but I could live without it.
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hendragon
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Post by hendragon on Mar 1, 2017 17:18:43 GMT
It will need to work in a sensible way. I remember the instigation of the ac shrapnelator. The thought of having to leave sums available to be granted an unknown amount is very unappealing to me, and will go a long way to turning me off MT.
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mike
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Post by mike on Mar 1, 2017 19:29:49 GMT
Afternoon, Still early days in the design and making, however I think we agreed that we were going to implement some form of pre-bidding arrangement.
The article was published following a call from one of their journalists who clearly reads this forum quite regularly (Hi Marc!). Regards, Ed I'm not sure who the "we" are but in the end of the day you have to make the decision that you feel is best for the platform. I would advise you to outline the specifics beforehand to get some feedback. However my fundamental concern here is the rationale for making the lending process more automated and hands off when the supply of funds already outstrips borrowing availability. There are already plenty of platforms who are going down the route of more loans at lower rates. Do we really need another?
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jjc
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Post by jjc on Mar 1, 2017 19:30:30 GMT
Strongly agree(with both hendragon & mike). Recently aired an idea (about cake) that no platform seems to have thought about yet, & which I think is tailor-made for MT.
Be careful what you wish for. Pre-bidding will help with some matters, but unless there’s a restriction/queueing of some type on the number of eligible platform lenders it seems we’re really just talking about different ways to divide up what will still soon just be crumbs for each of us.
Who will love MT then?
Never be afraid to be different (especially when it makes sense.)
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gustapher
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Post by gustapher on Mar 1, 2017 19:43:54 GMT
I think it is a good thing. Having to login at a certain time to invest funds is massively annoying.
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mason
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Post by mason on Mar 1, 2017 19:55:54 GMT
Current system works well when the allocation is set correctly. ho hum - multiple linked accounts then to get a decent pre-bid What does "when the allocation is set correctly" mean? Loan is sold out in a couple of minutes? I don't want that, but anything longer and the current system is just as bad for "multiple linked accounts then to get a decent pre-bid" because people will have time to log in with their second, third, fourth... accounts. I, for one, won't be shacking up with anyone just to operate a second MT account
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ben
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Post by ben on Mar 1, 2017 20:00:54 GMT
I would be quite happy just to see the max to each lender reduced a little bit to so that more people can get into the loan in the first few hours.
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mtb9
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Post by mtb9 on Mar 1, 2017 20:04:55 GMT
I'm dissapointed to hear about the introduction of pre-funding. My view has been to resolve the IT issues and reduce the bid limit...both of which appear to have happened for the last few loans. By introducing pre-funding MT lose their USP that many people joined MT for...their uniqueness compared to others.
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