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Post by wildlife2 on Mar 1, 2016 13:40:30 GMT
We all know that if you wee something on the SM that you have been after for weeks or months you have to grab it. That's a good idea, I'll just go and spray the SM to mark my territory. It should be easier to buy pebble parts in future 
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SteveT
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Post by SteveT on Mar 1, 2016 13:48:37 GMT
If you continually buy and sell, it's theoretically possible to earn interest without capital under the current system. Indeed, it would not surprise me if this is a greater problem than people dumping stock. Hmmm, let me think, is there any conceivable way that SS might be able to spot this and take action? Oooh, I know; how about tracking the average account balance due (at midnight each day). Anyone playing by the rules will have a pretty low average due. Anyone "churning" parts without ever paying will have a substantial average due. (SS aren't daft, you know)
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webwiz
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Post by webwiz on Mar 1, 2016 14:07:51 GMT
...he finds it incredible that you can invest with no capital, but keep the interest. You can't. If you don't pay for the parts, you lose the interest. Not necessarily true, if the method that you use to clear the negative balance is to sell on the SM.
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Post by meledor on Mar 1, 2016 14:11:15 GMT
From what Saving Stream has said there have been some unpaid accounts released onto the SM (and judging by the recent activity the amounts have been quite large). It is good that Saving Stream is proposing to address any abuse of the INPL process; having a credit limit is much to be preferred to ditching it altogether which is throwing the baby out with the bathwater which seemed to be the intention of the other poll .
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Post by highlandtiger on Mar 1, 2016 14:19:13 GMT
...he finds it incredible that you can invest with no capital, but keep the interest. You can't. If you don't pay for the parts, you lose the interest. Point of order, you don't lose the interest . Because you never actually had the interest. It may appear as numbers on the screen, but until the end of the month and when you can physically withdraw in into your own account it's not yours. SS can withold it and close down your accounts if you are playing silly buggers and thinking "I've found a loop hole, ain't I clever". Problem is, I think SS spotted this loophole early on, (I mean come on, it's not exactly a hidden loophole that anyone with a couple of brain cells couldn't spot), and deal with it regularly, hence the reason we often get SS chucking large amounts back on the SM. But no doubt we'll get someone else this month thinking they've found a 100% sure way of getting free money.
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Post by sunspot on Mar 1, 2016 14:19:42 GMT
SteveTThe key word in my post was theoretically. However, SS have many times showed that they are not very tech savvy. I know people will be offended by that remark, but speaking as someone with over 30 years experience with computers, it's pretty easy to spot the signs. Indeed, it seems to me that they use another company to do the design work, rather than employing someone in house. That's not necessarily a bad thing, but it does mean that they may not spot problems as quickly as they otherwise might.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 1, 2016 14:22:11 GMT
From what Saving Stream has said there have been some unpaid accounts released onto the SM (and judging by the recent activity the amounts have been quite large). It is good that Saving Stream is proposing to address any abuse of the INPL process; having a credit limit is much to be preferred to ditching it altogether which is throwing the baby out with the bathwater which seemed to be the intention of the other poll .That seems to be a dig at me and my beloved poll  . However that was not the intention of that poll at all   ; I set up that poll to gauge people's opinion, which is why it was a standalone question with no bias attached to the question (or indeed my initial post) at all. In fact, if you read my own opinion later on in that thread, you will see that it correlates to the one that now has the overwhelming support of users here. It is after all that poll that has led to this one, which was due to a response from SS. I assume SS got my (and other users) e-mail, possibly read that poll and looked at their books and thought "maybe something needs to be done here..."
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Post by Deleted on Mar 1, 2016 14:26:05 GMT
The poll result looks pretty conclusive - shouldn't be difficult to quickly implement the new rules. It looks like the 2 guys who had their loan parts placed back on the market have also voted |
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Post by highlandtiger on Mar 1, 2016 14:27:57 GMT
SteveT The key word in my post was theoretically. However, SS have many times showed that they are not very tech savvy. I know people will be offended by that remark, but speaking as someone with over 30 years experience with computers, it's pretty easy to spot the signs. Indeed, it seems to me that they use another company to do the design work, rather than employing someone in house. That's not necessarily a bad thing, but it does mean that they may not spot problems as quickly as they otherwise might. Personally I think you do SS a massive disservice, (but then most of your posts are negative about SS, so I'm not surprised at your comments, I'm starting to wonder if you work for a rival P2P company who is struggling because of SS's success). I think SS are very tech savvy, (speaking as someone who has 36 years of experience with computers, afterall how many here can claim to have bought a ZX80 new ), and are both more ahead of the game, and reactive to customers wishes, than you think.
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Steerpike
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Post by Steerpike on Mar 1, 2016 14:38:31 GMT
SteveT The key word in my post was theoretically. However, SS have many times showed that they are not very tech savvy. I know people will be offended by that remark, but speaking as someone with over 30 years experience with computers, it's pretty easy to spot the signs. Indeed, it seems to me that they use another company to do the design work, rather than employing someone in house. That's not necessarily a bad thing, but it does mean that they may not spot problems as quickly as they otherwise might. Personally I think you do SS a massive disservice, (but then most of your posts are negative about SS, so I'm not surprised at your comments, I'm starting to wonder if you work for a rival P2P company who is struggling because of SS's success). I think SS are very tech savvy, (speaking as someone who has 36 years of experience with computers, afterall how many here can claim to have bought a ZX80 new ), and are both more ahead of the game, and reactive to customers wishes, than you think. 47 years of experience with software has taught me that most developers are nothing like as good as they think they are and there was no chance that I was going to buy the ZX80 after my experience with the Sinclair Programmable Calculator, I did have fun with the BBC B though.
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Post by meledor on Mar 1, 2016 15:01:30 GMT
From what Saving Stream has said there have been some unpaid accounts released onto the SM (and judging by the recent activity the amounts have been quite large). It is good that Saving Stream is proposing to address any abuse of the INPL process; having a credit limit is much to be preferred to ditching it altogether which is throwing the baby out with the bathwater which seemed to be the intention of the other poll .That seems to be a dig at me and my beloved poll . However that was not the intention of that poll at all ; I set up that poll to gauge people's opinion, which is why it was a standalone question with no bias attached to the question (or indeed my initial post) at all. In fact, if you read my own opinion later on in that thread, you will see that it correlates to the one that now has the overwhelming support of users here. It is after all that poll that has led to this one, which was due to a response from SS. I assume SS got my (and other users) e-mail, possibly read that poll and looked at their books and thought "maybe something needs to be done here..."
cooling dude
You seem to have a problem with someone expressing a contrary opinion. You thought I had "taken offence" when I hadn't and now you think I'm having "a dig". You might want to develop a thicker skin if you are so sensitive about people disagreeing with you as this is what this forum is for, to express personal and reasoned opinions.
Saving Stream have said there is a problem with unpaid balances. This seems to be different from the issues you were discussing on the other poll where you thought "something was fishy was going on." If you want to believe that your poll has caused Saving Stream to suddenly discover a major flaw in INPL you are welcome, but personally I think Saving Stream are more than capable of looking after themselves and as others have said are more tech savvy and business aware than you seem to be suggesting.
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ablender
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Post by ablender on Mar 1, 2016 15:18:05 GMT
cooling dude
....You might want to develop a thicker skin
: I did not know you had sensitive thin skin - -doesn't show from the Avatar you chose!!!!
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adrianc
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Post by adrianc on Mar 1, 2016 15:21:44 GMT
afterall how many here can claim to have bought a ZX80 new <puts hand up> Well, my parents did. I was 8.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Mar 1, 2016 15:21:59 GMT
cooling dude
....You might want to develop a thicker skin
: I did not know you had sensitive thin skin - -doesn't show from the Avatar you chose!!!! My skin is "living tissue" developed by skynet.......
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
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Post by sqh on Mar 1, 2016 16:17:45 GMT
I would think the easiest solution is to charge lenders if they have a negative balance at midnight. The charge would be 12% p.a
If SS feel generous they could make the first £1000 interest free.
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. However that was not the intention of that poll at all 
; I set up that poll to gauge people's opinion, which is why it was a standalone question with no bias attached to the question (or indeed my initial post) at all. In fact, if you read my own opinion later on in that thread, you will see that it correlates to the one that now has the overwhelming support of users here.
