Deciphering new SS code? (Investor vote on recent changes).

I've mentioned this problem and had a reply from 0risk which implies that this risk is reduced, maybe not to '0'. See this thread post: SS browser extension.

P.S. I don't know how to create a link to a specific post, but the page is correct. Thanks pepperpot for explaining how to link to a post.

This is ideal for the people using bots to buy up loan parts. The way it was before made it a level playing field. I've seen posts on here of people post instructions of how to do stuff with the bots (far to cleaver for me) so we could all operate one if we wanted, but being a small investor a bot wouldn't be much use to me.

No, not bots. Simply filters to show only what you want to see on the Available page, not the guff, to make it easier to spot and buy manually.

A bot would actively buy the stuff for you.

The captchas are there to stop bots from buying up loan parts. They are designed to be very difficult for machines (and, in some cases, me) to solve. Therefore a bot cannot, in general, buy a loan part for you.

A couple of weeks back I asked the 'what constitutes a bot?' question and received an answer I was happy with: see this post by Whitbourne.

adrianc is correct that most of what is being done is filtering and highlighting the information in which a particular investor is interested while hiding the chaff.

The only proactive step is that the filter can alert you with some sort of fanfare and automatically open the page on which you can buy the loan. I guess it could fill in the amount for you but you would have to be at your computer and ready to solve the captcha yourself in order to complete the purchase.

This is roughly what the script from 0risk is doing. (I don't use it because it doesn't work with my browser, so I may not be completely accurate).

These scripts could save the NHS millions by preventing a 'refresh finger RSI' epidemic in the P2P community.

In many ways, it would perhaps be better if ALL additional tranches were released that way. It interacts very badly with the brain-dead automatic prefunding facility.

There are undoubtedly many "unwanted" allocations from those who are using the automatic pre-funding and don't realise there was an additional tranche of a loan they're already holding that must be manually cancelled... this results in duplicate exposure, thereby reducing the allocation for everyone else who actually wanted more of the loan.

Personally, I'd also prefer (e.g.) a 10% chance of being able to grab my desired £500 chunk of a loan rather than a 100% chance of being allocated maybe £50 or less per tranche... I'd eventually get (a significant proportion of) my desired holding either way, but releasing additional availability to the aftermarket means I've got a better chance of having it in a single chunk, rather than a fistful of shrapnel.

For SS themselves, holdings consisting of many fragments of shrapnel are presumably undesirable too, as a £20,000 loan part and a £20 loan part (or even a £0.02 one) would take the same amount of space in their database and the same amount of processing power for their systems to handle... which will both become increasingly significant as their systems scale (e.g. making the monthly interest allocation run take longer and/or use more processing resources).


Even though I missed this specific opportunity (so still have significantly below my desired allocation of DFL007, and the amount I do have as small chunks), it still increases the chance of getting my desired allocation as a single large allocation, as now there are some larger chunks "in circulation" - some of which may have simply been buying liquidity (with the intention of selling down as and when they need to release funds for new loans).

I'm pretty sure there are bots buying.
FFF is second class buying.