agent69
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Post by agent69 on Oct 8, 2017 11:39:22 GMT
I don't understand why the existence of other forums should be relevant to the future viability of this forum.
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macq
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Post by macq on Oct 8, 2017 11:41:04 GMT
I don't think this is a great idea. We all know that platforms read the forum. And in some ways, the forum is some intangible way of keeping things accountable. People have posted things that make things totally transparent, and many contributions are helpful. Ask yourselves this, would platforms like FS and Lendy be happy or sad with this development? I think they'd be rather happy at this because the more credible critical posts will not be publically visible no more. And ultimately the quality of advice that newbies can search for (newbies that may turn into heavy hitters one day) also goes down. While it would seem censorship may have a part in setting up a new forum & may be its aimed at more dedicated/heavy hitters i would agree platforms may prefer it that way and that a public forum gives people a voice.As an example people on the UK NFL forum (which is on the official site) this week uncovered the fact that the company behind the on-demand tv service were posting fake reviews in the apps store and the names of said people & photos from the companies own site were shown with no blacking out,this has since been picked up by the the BBC & Independent paper among others which then uncovered a memo from the company which all started with one post on the forum. Its also been seen on this site lately with the so called fishy loan that info sharing is important (and for all i know some of that may have filtered through from another forum) so i think the site will stay important for the average/newbie investor.And if there is another forum hopefully they can coexist.
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macq
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Post by macq on Oct 8, 2017 11:44:58 GMT
In the increasingly litigious environment that we find ourselves in today, then private discussion without censorship or fear of reprisal is a necessity unfortunately. Was I surprised to hear there was a private forum? No, moderators did after all suggest it in THIS THREAD last year. The opening post suggested that there are a number of people doing DD in private, and that this group of people are in a position to manipulate the market should they choose too, it also states that many of these people are "long standing P2PIF members" who are known and trusted by many readers I am sure, my question would be, why should these respected members of the forum be trusted any less just because they choose to do some of their musing over loans in private? I don't think so, I actually feel that DD discussed in private creates less work for the moderators of this forum, less noise, more facts. I value this forum, but also feel restrained as to what I can, and what I dare post here, it is however a place where firm findings can be shared with all, or at least clues to aid those who choose to do their own DD. Its also a valuable interface where we can occasionally get some response from platforms, although this seems to be getting less and less, and likely to the detriment of the platforms in question. Can the two forums co-exist beside each other? I would say yes, i would even go as far as saying it has been doing for quite some time if my suspicions are correct. What I find implausible is that a group of 60+ people could be organised to manipulate the market without someone blowing the whistle. But if we did know could we mention names? 
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yangmills
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Post by yangmills on Oct 8, 2017 11:53:02 GMT
I don't think there is much to see here. Frankly, it's very hard to keep a balance between the interests of various stakeholders (lenders, platforms, borrowers etc) on a public forum. So such a forum will always be somewhat sub-optimal to all it's users. Other channels will need to develop (private forums, PM chains, emails) in parallel with forums like this to fill in the gaps. I would also argue that these channels diversify away the risk on being dependent on a single public forum because I think some incorrectly downplay the risk of litigation. Given the lack of resources this forum has even the threat of litigation might be enough to bring it's future into question.
The mods, however, do seem to be framing it in a somewhat alarmist manner (perhaps I'm reading it wrong or that is accidental). Many P2P information networks already pre-exist, outside of this forum. An additional 60+ person private forum is just the tip of the proverbial iceberg.
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macq
Member of DD Central
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Post by macq on Oct 8, 2017 12:20:34 GMT
On the bright side i bet the idea of a secret forum is driving the rep from Rebs mad  |
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Post by peerlessperil on Oct 8, 2017 12:21:58 GMT
I am not a member of a private forum, nor have I been invited to join one.
This forum serves a very useful public service - it holds the platforms to account in a manner no private forum can.
A member of the wider public considering an investment in p2p can look on here to assess the track record of the various platforms. Being able to review commentary on the garden centre default at Lendy, or track how FS handles the unfolding Cumbrian Catastrophe can help both new and existing investors decide whether they wish to trust the platforms, and then more accurately weigh the risk they are taking for their 12%. It also serves to keep investors abreast of developments on their platforms but in loans where they are not invested. TrustPilot is not in the same league.
Whether members wish to participate in private discussions elsewhere is their business - it already happens in this forum via PMs anyway. P2P loans are not listed securities, and investors should be aware that there is no protection from behaviour that would constitute market abuse or insider dealing in equity markets.
If members of a private forum collectively start shaking trees in the hope of gathering fallen apples then it will soon be very obvious.
I have several decades of experience as an FCA approved individual managing portfolios in equity, credit and derivative markets. I believe the moderation on this forum is both necessary and beneficial if it is to remain a public resource that the platforms can't muzzle.
Carry on folks.
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Post by martin44 on Oct 8, 2017 13:50:00 GMT
There seems to be a distinct lack of comment from the OP and his/her team, if the original post was made to induce discussion, then maybe the admins and mods should consider making their opinions known.
Or maybe they do not have an opinion on the matter they introduced.
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macq
Member of DD Central
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Post by macq on Oct 8, 2017 14:17:11 GMT
may be there off on another forum  |
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Liz
Member of DD Central
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Post by Liz on Oct 8, 2017 14:40:11 GMT
may be there off on another forum Please join my forum grammarp2p.com
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kaya
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Post by kaya on Oct 8, 2017 14:54:59 GMT
Personally I find the thought of being able to post and read posts freely without f****** stars all over the place rather refreshing.
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macq
Member of DD Central
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Post by macq on Oct 8, 2017 15:03:12 GMT
may be there off on another forum Please join my forum grammarp2p.com maybe yes or may be not
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Post by mrclondon on Oct 8, 2017 15:40:48 GMT
There seems to be a distinct lack of comment from the OP and his/her team, if the original post was made to induce discussion, then maybe the admins and mods should consider making their opinions known. Or maybe they do not have an opinion on the matter they introduced. As I indicated in a recent post the view of the forum staff is that We felt it was appropriate to refrain from making additional posts for 24 hrs after the OP to give time for a cross section of views to emerge from the forum population. As some have commented in this thread, the moderation leans on the side of caution to protect all forum members, and is, we believe, a necessity on a public facing forum. It is certainly the case that staff members have in the past indicated that those unhappy with the moderation of this forum should start a forum themselves. There are semi-regular posts on here from those who feel the rule of not naming of borrowers and assets is not necessary on this public facing forum. The intent of our suggestions regarding the creation of a separate forum was to encourage debate about whether a different admin/mod team would like to run a public facing forum without the rules the current team believe are necessary. As indicated yesterday, we believe that some form of restricted access board for due diligence discussions would be useful, and as my post below this one sets out, we have already sought opinions from a random cross section of forum members as to what they feel is in the best interests of all forum members. Any suggestion that we may have made in the past regarding the creation of a separate forum never envisaged the result would be a forum of secret existence, secret membership, secret purpose, with a ban on P2PIF admin/staff as members. OK, perhaps we were naive, but at this point we are where we are, and need to look forwards not backwards.
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Post by mrclondon on Oct 8, 2017 15:43:10 GMT
Just under three weeks ago, we invited close to 40 random forum members to participate in a "focus group" discussion as to how this forum could better facilitate due diligence (DD) discussions. This is how we presented our thoughts After a few days of discussion two polls were opened, and after a couple of weeks, these are how the votes panned out:  The consensus of opinion suggests that the proposal outlined for "DD Central" merited further discussion. As of this morning we have asked the focus group for a volunteer or volunteers to lead the discussion to get "DD Central" to the point of launch, hopefully in the near future. (And that invitation is now thrown open to everyone, PM me if interested.) |
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Post by Badly Drawn Stickman on Oct 8, 2017 15:43:46 GMT
There seems to be a distinct lack of comment from the OP and his/her team, if the original post was made to induce discussion, then maybe the admins and mods should consider making their opinions known. Or maybe they do not have an opinion on the matter they introduced. Apart from a forum closing within a couple of weeks of me starting to use it being a new personal best, in an already impressive tally, my opinion is one that carries little weight in this matter. However........... The original post was an announcement of a position, not really an invitation to a question and answer session. The position of the Administrator and moderators is that they will make changes if the current situation is unresolved. I'm inclined to agree with them. Remember 'you never want a drink of water till the well runs dry'. Or just read the two posts above that appeared while I was typing this
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Liz
Member of DD Central
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Post by Liz on Oct 8, 2017 15:48:15 GMT
Please join my forum grammarp2p.com maybe yes or may be not Their is the problem 
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