arbster
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Post by arbster on Oct 2, 2015 11:44:13 GMT
Should be easy: the platform already pauses to check things (eg have you enough funds) after each bid is placed. After the bid is accepted, the total bid so far is displayed. During that pause approx one line of code could be inserted to compare the total bid so far with the loan size. Obviously Flaky Coding has some competence and could make this change immediately- perhaps the reason why they do not do this lies elsewhere. Eg perhaps they make non-emergency changes to the code only on a weekly timeframe ... They're definitely investing in their technical team, and have some very competent people who were even allowed to talk to punters at the Investor Evening. I'd suggest it's a priorities thing, and this kind of change is probably already on their product roadmap, but possibly behind something more important. Or they're all off working on fundingcircle.de or whatever.
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grahamg
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Post by grahamg on Oct 2, 2015 11:57:57 GMT
Should be easy: the platform already pauses to check things (eg have you enough funds) after each bid is placed. After the bid is accepted, the total bid so far is displayed. During that pause approx one line of code could be inserted to compare the total bid so far with the loan size. Obviously Flaky Coding has some competence and could make this change immediately- perhaps the reason why they do not do this lies elsewhere. Eg perhaps they make non-emergency changes to the code only on a weekly timeframe ... They're definitely investing in their technical team, and have some very competent people who were even allowed to talk to punters at the Investor Evening. I'd suggest it's a priorities thing, and this kind of change is probably already on their product roadmap, but possibly behind something more important. Or they're all off working on fundingcircle.de or whatever. They could also introduce a pause to restrict the bid rate per minute
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adrianc
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Post by adrianc on Oct 2, 2015 11:57:42 GMT
Or they were Fronting Contractors, who are now safely back in a big corporate...
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fasty
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Post by fasty on Oct 2, 2015 11:59:31 GMT
Should be easy: the platform already pauses to check things (eg have you enough funds) after each bid is placed. After the bid is accepted, the total bid so far is displayed. During that pause approx one line of code could be inserted to compare the total bid so far with the loan size. Obviously Flaky Coding has some competence and could make this change immediately- perhaps the reason why they do not do this lies elsewhere. Eg perhaps they make non-emergency changes to the code only on a weekly timeframe ... They're definitely investing in their technical team, and have some very competent people who were even allowed to talk to punters at the Investor Evening. I'd suggest it's a priorities thing, and this kind of change is probably already on their product roadmap, but possibly behind something more important. Or they're all off working on fundingcircle.de or whatever. Oh, I'm sure that's true, but from a customer perspective what I see is their web site and that feels really flakey and incompetent in a way that other financial web sites (especially banks) simply don't. Stuff like: Loan parts vanishing from the list or duplicating when I try to view the list in different ways, Loan comments list doesn't view properly on many browsers, Paying for loan parts that I failed to acquire from the secondary market Not paying for loan parts that I did acquire on the secondary market Loan parts put up for sale not appearing publically on the secondary market
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fasty
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Post by fasty on Oct 2, 2015 12:03:06 GMT
Should be easy: the platform already pauses to check things (eg have you enough funds) after each bid is placed. After the bid is accepted, the total bid so far is displayed. During that pause approx one line of code could be inserted to compare the total bid so far with the loan size. Obviously Flaky Coding has some competence and could make this change immediately- perhaps the reason why they do not do this lies elsewhere. Eg perhaps they make non-emergency changes to the code only on a weekly timeframe ... Exactly. Or perhaps it could forcibly play a short triumphal tune after each successful <hurrah> bid!
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Post by goldservice on Oct 2, 2015 12:45:25 GMT
... or even a L O N G triumphal tune before acting on the next bid ...
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Post by goldservice on Oct 2, 2015 12:46:58 GMT
fasty: "and that feels really flakey and incompetent in a way that other financial web sites (especially banks) simply don't."
Well, they are always proud to say that they are not just another bank <grin>
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mikeb
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Post by mikeb on Oct 2, 2015 12:58:26 GMT
Most of their loans have 100% of the bid taken by one buyer so I wouldn't expect them to be bothered by someone taking 20%. What I am surprised by is that they haven't stopped people (bots) placing hundreds of bids per minute. Why don't they just throttle number of bids to 5 per minute and 50 per hour. This would help their server load, bandwidth and would have no impact on the vast majority of customers. Indeed. I have calculated that one of the well-known offenders can sustain a rate exceeding 5 bids per second. Unfortunately experience of the last few years suggest to me that FC simply don't know how to change their own software to address issues like this. It really feels like the original authors departed without leaving documentation or commented code. It also explains why so many glaring bugs never get fixed.
... very much the feeling I get too. Lots of cosmetic tinkering -- nothing too likely to break, been like that for quite a long time, culminating in changes to the business operation to suit the software/hardware (tail wagging dog) spun as a positive decision and change ... Is it really that no-one understands it any more, and they're not prepared to take the risk of hiring in a crazy maverick programmer to rip through it all and fix it?  Edit: How much of the banking system is still running in 1970's COBOL, for the same fear?
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Post by GSV3MIaC on Oct 2, 2015 13:23:43 GMT
They had a rip through it moment ('new loan page') a year or so ago, and then backed it out. However, as someone said, now they don't have to worry about 'knocked out' bids, multiple bid rates, etc, it should be really trivial to tot up 20% (which is, of course, too much) and then give the usual useful 'summat went wrong' type error message (as seen when you used to belatedly bid 15.0% on an auction where the 15%s were now dropping out). Throttling web access is also not hard (even my sub-£200 Belkin router has the capability to stop a particular IP address hogging the whole show .. maybe their cloud provider isn't that smart or expensive though?).
Actually we all know the cause, ... they don't think it is a problem. Never have, and maybe never will.
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fasty
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Post by fasty on Oct 2, 2015 13:30:03 GMT
They had a rip through it moment ('new loan page') a year or so ago, and then backed it out. However, as someone said, now they don't have to worry about 'knocked out' bids, multiple bid rates, etc, it should be really trivial to tot up 20% (which is, of course, too much) and then give the usual useful 'summat went wrong' type error message (as seen when you used to belatedly bid 15.0% on an auction where the 15%s were now dropping out). Throttling web access is also not hard (even my sub-£200 Belkin router has the capability to stop a particular IP address hogging the whole show .. maybe their cloud provider isn't that smart or expensive though?). Actually we all know the cause, ... they don't think it is a problem. Never have, and maybe never will. I agree - they probably don't think it is a problem. Indeed, in the short term it may well not be a problem as long as the money keeps rolling in. Most of us know, however, that if they don't start seeing things from a customer perspective then eventually those customers will start walking away.
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blender
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Post by blender on Oct 2, 2015 13:35:40 GMT
They had a rip through it moment ('new loan page') a year or so ago, and then backed it out. However, as someone said, now they don't have to worry about 'knocked out' bids, multiple bid rates, etc, it should be really trivial to tot up 20% (which is, of course, too much) and then give the usual useful 'summat went wrong' type error message (as seen when you used to belatedly bid 15.0% on an auction where the 15%s were now dropping out). Throttling web access is also not hard (even my sub-£200 Belkin router has the capability to stop a particular IP address hogging the whole show .. maybe their cloud provider isn't that smart or expensive though?). Actually we all know the cause, ... they don't think it is a problem. Never have, and maybe never will. I agree - they probably don't think it is a problem. Indeed, in the short term it may well not be a problem as long as the money keeps rolling in. Most of us know, however, that if they don't start seeing things from a customer perspective then eventually those customers will start walking away.
But how many customers, how much cash, and do they care?
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fasty
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Post by fasty on Oct 2, 2015 13:43:05 GMT
Hmm I think I've dispensed enough vitriol for one day. Did anyone notice "E" 16210 slip past momentarily ? Credit score looks flakey but I might hold it for a couple of months. goldmember was on good quick form again today despite being distracted by the forum!
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Post by bonfemme on Oct 2, 2015 13:47:54 GMT
Hmm I think I've dispensed enough vitriol for one day. Did anyone notice "E" 16210 slip past momentarily ? Credit score looks flakey but I might hold it for a couple of months. goldmember was on good quick form again today despite being distracted by the forum! Not sure if it means anything, but I couldn't see any sign of B****** in the winning bidders? (By the way, I think he (she) should have a change of name to Goldfinger)
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fasty
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Post by fasty on Oct 2, 2015 13:56:17 GMT
Hmm I think I've dispensed enough vitriol for one day. Did anyone notice "E" 16210 slip past momentarily ? Credit score looks flakey but I might hold it for a couple of months. goldmember was on good quick form again today despite being distracted by the forum! Not sure if it means anything, but I couldn't see any sign of B****** in the winning bidders? (By the way, I think he (she) should have a change of name to Goldfinger) You're right, maybe B****** is keeping a low profile for a while. That might also explain why the sale managed to hold out for as long as 4 minutes and quite a few different people got some bids in. Sheesh, it's drawn down already. Borrower must need it urgently <makes notes>.
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Post by nightmare on Oct 2, 2015 14:16:09 GMT
Not sure if it means anything, but I couldn't see any sign of B****** in the winning bidders? (By the way, I think he (she) should have a change of name to Goldfinger) You're right, maybe B****** is keeping a low profile for a while. That might also explain why the sale managed to hold out for as long as 4 minutes and quite a few different people got some bids in. Sheesh, it's drawn down already. Borrower must need it urgently <makes notes>. Or maybe he's had a sex change and is now calling him/herself Ellen. Joking apart this is the problem with limiting people to X% of a loan people can just set up multiple accounts to swerve round it.
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