cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 17, 2016 12:02:20 GMT
So.... Would Insulting not be a tad unfair to SS  ? SS introduced the reCAPTCHA to stop BOTs; before reCAPTCHA it was even worse than now! Just be patient; the other large loans will come, and they will give you a fighting chance on the SM. I honestly can't understand how you didn't get any luck this morning. I admit that I would like pre-funding adjusting slightly, and it is something SS has been fiddling with for some time now. They will settle for a system in the end, but they can't just go head strong changing a system that currently works just fine for them. If they did they could end up losing some of the larger investors, and that would kill the entire platform that currently serves us well. |
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ablender
Member of DD Central
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Post by ablender on Feb 17, 2016 12:05:51 GMT
spyrogyra. When I start getting the pictures, they annoy me as well. Having said that there were moments when I was lucky and bought what I needed on SM. Do you have any suggestions for how the system can be improved?
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Post by Butch Cassidy on Feb 17, 2016 12:17:34 GMT
Personally I want to say a big thank you to Savings Stream and congrats they have bought their biggest loan ever and got it anyway with no fuss. Yes I was surprised by the demand but SS did warn us. I am also surprised by the lack of SM pieces but they are there yeah I missed a few I wanted but I got more than I lost and I am no computer wiz or Bot handler nor do I have fast internet speed have just sat here most of the morning with the wife bringing me cups of tea and clicked on the loans I wanted and the times I did not go through 3 lots of road signs then I bought what I wanted. The SM works DONT change it and more loans on the pipeline will make it more liquid. The IT held up very well, with one small crash only, a vast improvement on what went before. I managed to complete 20 transactions virtually seamlessly & my parts/balance was correct at all times (again an improvement on the old system) as other have pointed out the prefunding on these larger loans (i.e. not bottom up) is open to gaming & it is an issue that SS needs to consider, I understand them also needing to keep the big hitters happy too but the seemingly limitless negative funding option allows small hitters to masquerade as BH's, often without the means to fund their allocations, which works out great (for them) as they can sell down their over allocation in this current liquid SM but would create problems in future should these parts not sell so easily or at all!
Personally I don't like the captcha system but if it beats the bots it is the lesser of 2 evils for me. SS are doing a lot of things well & deserve congratulations but they are a new platform that is still learning what works best for them & the more vocal critics should remember that they do read this forum & often respond by implementing changes, not always perfect & to everyones liking but over time most would acknowledge that the platform is getting better - now so popular it is difficult to always get what you want but that is the price of success  .
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spyrogyra
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Post by spyrogyra on Feb 17, 2016 12:20:20 GMT
I understand that the reCAPTCHA resolved the bot problem and indeed, thus is better and consider it as progress. A further improvement could be that the images used are bigger in size and not so blurry. I am not an expert on bots, and certainly there are many factors to consider in order to beat them, but I think that the image system used is more suitable in cases when speed doesn't matter much. And by insulting, I didn't mean that SS intended to insult anyone. What I am trying to say is that as a result of implementing this system, and by allowing investors to set their pre funding high and then sell chunks the same day, results in frustration with lenders who have put the exact pre funding amount they want to invest and then being done by the blurry images.
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spyrogyra
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Post by spyrogyra on Feb 17, 2016 12:27:09 GMT
Or .... hang on, there's a better solution. Next time I'll put my pre funding at 10k and immediately sell as much as I wish. Cos that's what's gonna happen,eventually, if there's no improvement.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 17, 2016 12:33:01 GMT
Your threat carries no weight. You'll just be doing what most of us are doing anyway, and by doing so on each large loan, it makes the SM more liquid. In any case, SS will have the money for their loans regardless.
Get a grip and play the game. The system can't be perfect for everyone.
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Post by GSV3MIaC on Feb 17, 2016 12:33:32 GMT
spyrogyra .. That's what half the world did this time - you are behind the curve. Next time it'll be £50k though ..
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spyrogyra
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Post by spyrogyra on Feb 17, 2016 12:40:13 GMT
That's what I am saying, it's gonna get more ridiculous. And consciously, I didn't want to use the current system that way.
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registerme
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Post by registerme on Feb 17, 2016 12:53:43 GMT
I am not going to behave that way, even if it means I miss out on the actual amount of a loan I want. Two reasons, one I don't like gaming systems (but understand those that do), and two I think somebody will get badly burnt by it one day.....
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ablender
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Post by ablender on Feb 17, 2016 12:56:59 GMT
Guys, I'm not in for the playing game. If I want £100, I will put £100 in the pipeline and then wait for the SM. It will come round at some point. I do not want to risk being overexposed.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Feb 17, 2016 12:57:47 GMT
I am not going to behave that way, even if it means I miss out on the actual amount of a loan I want. Two reasons, one I don't like gaming systems (but understand those that do), and two I think somebody will get badly burnt by it one day..... That's why you have to keep an eye on what is going on; no way am I investing the amount that I do in SS, and then not keep my ear to the ground. In any case; The gamers will only get burnt if the SM suddenly become stagnant overnight, and even then the newer loans that they have just gained will be the first to be taken up on the SM.
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dovap
Member of DD Central
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Post by dovap on Feb 17, 2016 13:02:49 GMT
So.... Would Insulting not be a tad unfair to SS ? SS introduced the reCAPTCHA to stop BOTs; before reCAPTCHA it was even worse than now! Just be patient; the other large loans will come, and they will give you a fighting chance on the SM. I honestly can't understand how you didn't get any luck this morning. I admit that I would like pre-funding adjusting slightly, and it is something SS has been fiddling with for some time now. They will settle for a system in the end, but they can't just go head strong changing a system that currently works just fine for them. If they did they could end up losing some of the larger investors, and that would kill the entire platform that currently serves us well. it wasn't worse before this captcha abortion of a system Just bots (or really fast fingers who've played on their xbox or summat) and a load of shite to click It's absolute gash tbh odd people faff about made up valuations in light of the abymsal nature of the platform atm
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spyrogyra
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Post by spyrogyra on Feb 17, 2016 13:04:39 GMT
And when the SM becomes stagnant (let's hope it will never happen) and when the gamers won't be able to sell, they won't clear the negative balance, and that would become a problem for SS.
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Post by Deleted on Feb 17, 2016 13:06:33 GMT
I have to agree that the SM market, as it stands, is LUDICROUS.
People studying means to trick the Recaptcha, or to gain 1 sec out of it, getting Internet connection retested or fibre installed, just to get an investment in!!!!
(as if it was free money....).
The allocation on the primary market beat me this time (i imagined it was bottom-up and put a low bid, and only got 58 GBP....).
But I have seen the frenzy on the SM (and the SS servers going down a few times...) and I have to say that SS should rethink about it, even if certainly liquidity is ensured. Maybe they could add an auto-invest option (like: I have 1000 pounds available, please invest them for me in whatever is available) for those not having the time-patience to waste days and days after extremely quick sales.
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spyrogyra
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Post by spyrogyra on Feb 17, 2016 13:23:14 GMT
Actually there's a simple way to resolve the problem without changing anything. By exacting data SS would be able to identify the biggest gamers (I mean those who had sold lots from today's auctions) and send them warnings that their pre funding levels would be limited if they do such massive sales in the future again. And I believe SS could think of something even better.
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