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Post by Deleted on Feb 17, 2016 14:27:36 GMT
Are you talking just to say something, or have you actually tried the system? Loan slices go in seconds. I haven't seen any of them staying in for more than 30 seconds. The load was at times so high that the servers went down. Either you have excellent connection, excellent PC, excellent reaction times and a full day at disposal or you will be disappointed not to be able to buy much at all... So many loan parts for sale (and yes I have actually tried), perhaps some folks should spend more time buying them and less time moaning on here. I tried too, but have you actually succeeded to buy any :-)? In how many cases? The system would work if any average investor with 5000 GBP to invest today would succeed without wasting time on it. I don't think many are succeding. (yes some are beating the rest consistently... that is the real problem and unfairness!).
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spyrogyra
Member of DD Central
Posts: 386 
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Post by spyrogyra on Feb 17, 2016 14:29:51 GMT
It's a forum, the best place to express views,impressions and make suggestions. So don't bog off please just because you feel you are all sorted out for the moment. In fact, SS wouldn't be what it is now if the forum people didn't suggest and discussed various issues,with improvements cleverly implemented later. There's been thanks both ways so far - from lenders and from SS as well.
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Insulting
Feb 17, 2016 14:41:05 GMT
via mobile
Post by highlandtiger on Feb 17, 2016 14:41:05 GMT
As far as I am concerned if you don't like the way that SS do things then bog off to another site. The rest of us who are more than happy at the way SS conduct their excellent business will be more than happy to pick up whatever their offering. There is no need to be insulting to anyone on here. And there is no "rest of us". Everyone has a right to an opinion, and to polite discourse on this forum. As you say everyone is entitled to their opinion and as such I expressed mine. Compared to the words I was going to use, I think the word "bog" was extremely polite. But then I have little time for those people who seem to need their daily dose of whinging to get through the day. 
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Post by uncletone on Feb 17, 2016 14:55:00 GMT
Gentlefolk, retire to your corners and prepare the handbags for swinging elsewhere please. Thank you.
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spiral
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Post by spiral on Feb 17, 2016 15:13:56 GMT
Gaming the system is free underwriting for SS. If they came up with a system that required everyone to bid for only what they wanted, they might be left holding the last bits of the loan. This way, its the gamers risk. To that end I don't see them changing anything regarding allocations nor preventing sales of new loans on the SM for a period as both of these help the gamers underwriters. That said, I'm not comfortable with bidding for more than I want (in case I'm stuck holding it) so I will attempt to  top up on the SM. |
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Investboy
Member of DD Central
Trying to recover from P2P revolution
Posts: 564
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Post by Investboy on Feb 17, 2016 15:14:36 GMT
I'd need to quote to many people to respond to some issues. So many posts appear withing few hours when one is not watching. So here are my few thoughts: 1. Great job savingstream . Keep up the good work!!!2. SS primary goal is to sell loans to investors. 100% success as they are 2-3x oversubscribed. 3. SM primary goal is to provide ability to exit investments (not to diversify). 100% success as they disappear in seconds. 4. Some people are forcing their ideas to be the best. My idea: offer your time for free and implement them for SS. 5. Some people claim this or that is easy to implement. 100% clueless (unless the poster is SS CTO), how can one comment on the system one has not seen? 6. Some complain about reCaptcha's and blurry images. Please use glassess/contacts. But you can't beat m****3 anyway. 7. I can't believe how quickly people forgot the bot wars and the anger they caused. It ended with introducing reCaptcha 8. Patience is a great virtue 9. I bought few bits on SM, only when there was a big piece to share. Sometimes even had to go through 5 series of images. But I'm not complaining. |
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Post by goldservice on Feb 17, 2016 15:18:34 GMT
Back to the OP: spyrogyra has put his finger on one or two things. For example, it is odd that some loans are matched by SS bottom up while others are still percentaged and thus get gamed. Again, there is a mismatch between the Captcha (which is slow to use) and the obvious need for speed. Also, although Captcha is a Google product, it can be configured by SS. At present it seems to allow my first six transactions each day before testing me. Perhaps SS could configure that differently. Why suspect I am a robot just because I keep attempting to buy stuff?
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adrianc
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Member is Online
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Post by adrianc on Feb 17, 2016 15:39:09 GMT
Also, although Captcha is a Google product, it can be configured by SS. At present it seems to allow my first six transactions each day before testing me. Perhaps SS could configure that differently. You're reading too much into it. I didn't get one single free pass. Captcha on my very first click. Even then, on a 2Mbit line, I bought about FORTY parts across different loans - including taking all four launches up to my cap - in about an hour. Sure, some were tiddlers - 1p as a "Don't want" marker in low-demand, but others were up to four figures in high-demand newish loans. I had a few re-tries on the Captchas, sometimes my fault, others possibly "Are you definitely real?". I missed quite a few. But, for an hour of refresh-and-click, not too shabby.
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Feb 17, 2016 15:49:13 GMT
Some complain about reCaptcha's and blurry images. Please use glassess/contacts. Nonsense. Blurry images are blurry images and the better your vision the more apparent is the blur.
But you can't beat m****3 anyway. Apparently if you're on the page, already cleared by the bot-catcher, and waiting for a loan part to appear, finger poised on the mouse, you can beat m**************3 because you only have two clicks to do. That doesn't mean you will beat him, though.
What I couldn't understand was about twelve consecutive failures on identifying street names, even when I was being careful.
I was half expecting the message, "only a bot gets it wrong twelve times - humans aren't that stupid, so bot bog off!"
(Ahem! )
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Bagman
Member of DD Central
Posts: 209
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Post by Bagman on Feb 17, 2016 16:09:37 GMT
Grumps,
I made mistakes on the street NAMES a few times until I realised that STOP and NO LEFT TURN are street signs not names
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oldgrumpy
Member of DD Central
Posts: 5,087
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Post by oldgrumpy on Feb 17, 2016 16:13:34 GMT
Grumps,
I made mistakes on the street NAMES a few times until I realised that STOP and NO LEFT TURN are street signs not names Yes, that was pointed out to me about a week ago on one of the forums. As I said, this time I was careful, not in a hurry, just trying to get on to the "final stage" window .... to hover 
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Post by Deleted on Feb 17, 2016 16:22:51 GMT
I'd need to quote to many people to respond to some issues. So many posts appear withing few hours when one is not watching. So here are my few thoughts: 1. Great job savingstream . Keep up the good work!!!2. SS primary goal is to sell loans to investors. 100% success as they are 2-3x oversubscribed. 3. SM primary goal is to provide ability to exit investments (not to diversify). 100% success as they disappear in seconds. 4. Some people are forcing their ideas to be the best. My idea: offer your time for free and implement them for SS. 5. Some people claim this or that is easy to implement. 100% clueless (unless the poster is SS CTO), how can one comment on the system one has not seen? 6. Some complain about reCaptcha's and blurry images. Please use glassess/contacts. But you can't beat m****3 anyway. 7. I can't believe how quickly people forgot the bot wars and the anger they caused. It ended with introducing reCaptcha 8. Patience is a great virtue 9. I bought few bits on SM, only when there was a big piece to share. Sometimes even had to go through 5 series of images. But I'm not complaining. Well, I think you have no idea when you say 'offer your time and implement'. in order to implement anything you need direct access to the SS backend code and I am sure they will not let most of use look at it (specially those producing such fine bots...). Second thing: the bots are still acting. Don't think reCapcha is infallible. There are ways round it and this is why it was almost impossible to get something... Yes of course bots (M****3) did not bid for everything because they did not want everything and because it would seem otherwise obvious they were not going through raCaptcha and of course for the first few times most browsers allow to pass reCaptcha without image matching, which gives a definite edge.... I think SS should still implement an auto-bid function and reserve to it say 20% of the daily availability. Most other sites have it as a default option. Creating it optionally is technically not difficult.
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mikes1531
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Post by mikes1531 on Feb 17, 2016 16:23:26 GMT
Good idea, please introduce "preferred funding" where lenders would be able to name loans they wish to invest in through the SM. Thus lenders would be able to diversify and sell bigger chunks they bought when there was nothing else around. This sort of change to the SM have been discussed and squashed. We have a very vibrant SM and that is the strength of this platform. you can buy what you want of the new loans and use the SM to divest other loan part to achieve diversification. I can assure you that platforms with a SM that is stagnant - such as another one I'm with is really disappointing. I suggest you go an try one of those and see if your views change. For my purposes SS does all I need of it. Patience is the key - something I did not have when I joined but have learned it here. I agree that the SM is working fine for those who wish to reduce their holdings. And while that may be the main reason why it was implemented in the first place, the SM also could serve a very useful purpose for investors who wish to increase their holdings or diversify their portfolio more quickly than can be achieved via waiting for new loans. It should be in SS's best interest to encourage new investors, and having a SM that's useful for increasing holdings would help achieve that. There are ways -- some very simple to explain and implement -- the SM could be changed that have been suggested here which would help on the purchasing side while not impairing the liquidity on the selling side -- I don't view changing the time to sell part on the SM from 10 seconds to 10 minutes to impair liquidity -- and I see no reason to reject those out of hand without giving them a try. (SS have concluded that fair allocation of new loans is appropriate, and have implemented a system to achieve that. When £40k of a loan comes up for sale and is snapped up within 10 seconds by a single buyer, IMHO it's time to do something to ensure fairer allocations on the SM as well.) As a side note, I have to say that I can't agree with ladywhitenap's suggestion that "you can buy what you want of the new loans". As has been proven today, the only way to obtain what people really wanted was to game the system. Some people might have guessed right and got what they wanted, but I expect that most were allocated less, or more, than they wanted and they then had to deal with the result. Those who received less probably will approach the next new loans with even larger pre-funding requests and the problem will escalate.
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Post by Deleted on Feb 17, 2016 16:25:28 GMT
Also, although Captcha is a Google product, it can be configured by SS. At present it seems to allow my first six transactions each day before testing me. Perhaps SS could configure that differently. You're reading too much into it. I didn't get one single free pass. Captcha on my very first click. Even then, on a 2Mbit line, I bought about FORTY parts across different loans - including taking all four launches up to my cap - in about an hour. Sure, some were tiddlers - 1p as a "Don't want" marker in low-demand, but others were up to four figures in high-demand newish loans. I had a few re-tries on the Captchas, sometimes my fault, others possibly "Are you definitely real?". I missed quite a few. But, for an hour of refresh-and-click, not too shabby. Forty parts in an hour? Are you sure you were manually bidding them? I am sorry but I don't buy it!
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ianj
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Post by ianj on Feb 17, 2016 16:27:09 GMT
As far as I am concerned if you don't like the way that SS do things then bog off to another site. The rest of us who are more than happy at the way SS conduct their excellent business will be more than happy to pick up whatever their offering. Civility costs nothing! It's with great regret that I must, yet again, bemoan the lack of a 'dislike' button. So, solicitorious gets a  instead.
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top up on the SM.
