baz657
Member of DD Central
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Likes: 189
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Post by baz657 on Nov 11, 2014 18:33:19 GMT
I gave up.
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Post by jackpease on Nov 11, 2014 18:43:35 GMT
Currently timing out on pretty well everything
JP
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Post by longjohn on Nov 11, 2014 18:50:56 GMT
I didn't. Even after getting a number of errors on the bid page I managed to get a quick £20 on it.  Note the second line - 232 bids ought to be at least £4640 assuming everyone bids £20. After refreshing the page it corrected itself for a while then stopped working again. Had to log off and on again to cure it. Along with the regular bad gateways on the comments and summary screens FC appears unstable more often than not. John
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Post by GSV3MIaC on Nov 11, 2014 21:15:54 GMT
OK that's moderately flakey. 8>.
At 14:35 on 8660 I got a screen back (at least my scripts did) which said I was at liberty to bid anything up to 12.3%, whereas the bid summary data showed 12.2%s already dropping out (so anything above 12.1% was not going to work). This is an 'instant snapshot' of the auction page and bid data which was returned, but I can only assume the permissible drop-down rate values were set some time before the current bid data was sent out. 8<. Obviously if you selected 12.3 or even 12.2 and hit the bid button you are going to get nothing more than wheel-spin (and the server will probably eventually tell you you are 'out of cash' .. well the web page tells you that, all IT gets back from the server is a generic 'failed' code).
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Post by davee39 on Nov 12, 2014 10:05:29 GMT
How FC must wish that they could deal with just whole loan lenders and set-and-forget Autobidders and autosellers, rather than having to put up with those few pesky manual bidders who are always picking holes in things and complaining when the slightest thing goes wrong. They could offer everything first to the wholeloaners and feed the rejects to the Autobidders. No need to worry about the on-line responsiveness of the platform, or the glitches and c*ck-*ps in the marketplace, or distribution of repayments. As long as the site looked ok and worked roughly right eventually, no-one would be really bothered. If I were FC and realised that I could not run, or could not afford to run, a good-quality real-time system which keeps up with market developments, then I would start project Dinosaur, aimed at getting rid of the need for manual bidders and sellers. I think you must be talking about Zopa!! When I started with FC they were listing 20 to 30 loans at any one time and I do not recall any problems. The entirely foreseeable difficulties have arisen as the 'Auction' style real time bidding has scaled up and lenders have devised a variety of strategies to legitimately maximize their profit. This raises the question that even if lender funds were available, could the system cope with 200 listings at any time, or 40 auctions finishing every day? In fact could manual bidders cope with that sort of volume? FC possibly needs to quadruple its lending to generate adequate financial returns and start to disrupt the market so the days of manual bidding might be numbered, but not the need for small investors to make cash available. A suitable mass market product would be a trade-able bond with exposure to thousands of loans and paying a monthly income. The Bond unit value would fluctuate with defaults but could offer a market leading income of 8 to 9%.
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blender
Member of DD Central
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Post by blender on Nov 12, 2014 10:25:03 GMT
Hi Davee - sorry I moved the post to a new thread 'project dinosaur' and deleted that one. This being in reality a quite serious question arising from the current position and FC's direction of travel.
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Post by GSV3MIaC on Nov 12, 2014 11:17:17 GMT
How FC must wish that they could deal with just whole loan lenders and set-and-forget Autobidders and autosellers, rather than having to put up with those few pesky manual bidders who are always picking holes in things and complaining when the slightest thing goes wrong. They could offer everything first to the wholeloaners and feed the rejects to the Autobidders. No need to worry about the on-line responsiveness of the platform, or the glitches and c*ck-*ps in the marketplace, or distribution of repayments. As long as the site looked ok and worked roughly right eventually, no-one would be really bothered. If I were FC and realised that I could not run, or could not afford to run, a good-quality real-time system which keeps up with market developments, then I would start project Dinosaur, aimed at getting rid of the need for manual bidders and sellers. I think you must be talking about Zopa!! When I started with FC they were listing 20 to 30 loans at any one time and I do not recall any problems. The entirely foreseeable difficulties have arisen as the 'Auction' style real time bidding has scaled up and lenders have devised a variety of strategies to legitimately maximize their profit. This raises the question that even if lender funds were available, could the system cope with 200 listings at any time, or 40 auctions finishing every day? In fact could manual bidders cope with that sort of volume? FC possibly needs to quadruple its lending to generate adequate financial returns and start to disrupt the market so the days of manual bidding might be numbered, but not the need for small investors to make cash available. A suitable mass market product would be a trade-able bond with exposure to thousands of loans and paying a monthly income. The Bond unit value would fluctuate with defaults but could offer a market leading income of 8 to 9%. I suggested that one, as a way of avoiding the autobid users getting scr*wed, some time ago over in the other place .. basically offer Joe Public the equivalent of the deal the government get - exposure to all loans at average rate (which is better than most autobidders wind up with). That does presuppose that there is still some manual bidding to set the rates though. Needless to say that sank without trace, like the idea of NOT debiting bid funds (and the crediting and them debiting etc. etc. .. which is what ties the servers in knots) until the auction ENDS (at which point anyone overcommitted/can't pay gets hit with a 0.25% penalty and 24 hours to top up their account, else the next knocked out bidder get in after all). Works for Ebay, right, they don't debit/credit your paypal account every 20 microseconds during the auction.
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adrianc
Member of DD Central
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Post by adrianc on Nov 12, 2014 15:37:07 GMT
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Post by GSV3MIaC on Nov 12, 2014 16:45:10 GMT
Oh goody. And how much notice do we think they'll take of the inputs .. more, or less, than they take of emails, FCA complaints, or comments on either forum?! Oh wait, I feel a poll coming on .....
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blender
Member of DD Central
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Post by blender on Nov 12, 2014 17:05:30 GMT
This is a first, and a new low for the website. We run two accounts in this family, but from the same PC, same IP address. I have learned that you have to log out of (not just close Google chrome) one account before opening the other, because sometimes FC gives you the page from the account you were not expecting, even if the session has been closed a long time ago and the other account has not been re-logged on. Too trivial a bug to mention.
But today after logging on with my details up came the summary page with all my correct details and figures, and then the customary wait for the pie chart and notes, and behold! A composite page with just the pie chart and notes from the other account!
Make sure you log off properly - and that also can take some long time - or anything may happen.
Edit: Oh dear, it's systematic.
Two accounts run on Google chrome.
Log in account A - summary page ok for account A, close chrome.
Open chrome, you are invited to log in account A.
Log in instead to account B, you get a summary page with account B content, and then a pie chart and notes for account A.
Worrying.
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Post by yorkshireman on Nov 12, 2014 17:21:01 GMT
This is a first, and a new low for the website. We run two accounts in this family, but from the same PC, same IP address. I have learned that you have to log out of (not just close Google chrome) one account before opening the other, because sometimes FC gives you the page from the account you were not expecting, even if the session has been closed a long time ago and the other account has not been re-logged on. Too trivial a bug to mention. But today after logging on with my details up came the summary page with all my correct details and figures, and then the customary wait for the pie chart and notes, and behold! A composite page with just the pie chart and notes from the other account! Make sure you log off properly - and that also can take some long time - or anything may happen. That’s nothing new Blender, we’ve encountered the same problem for well over 2 years!
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blender
Member of DD Central
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Post by blender on Nov 12, 2014 17:32:30 GMT
I see, just a routine fundamental account security flaw then.
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Post by yorkshireman on Nov 12, 2014 18:06:47 GMT
I see, just a routine fundamental account security flaw then. Exactly and when I raised it with FC I was told that I should ensure that I log out after each visit?? I think it was simply too challenging for them to grasp or they couldn’t be a***d to deal with it.
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Post by GSV3MIaC on Nov 12, 2014 19:08:12 GMT
The whole logout / timeout thing is drastically flawed. I pointed them at HL, or practically any banking site, for examples of how to do it properly, to no avail. Never never use FC from any shared PC!!
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blender
Member of DD Central
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Post by blender on Nov 12, 2014 19:35:17 GMT
In my simple understanding they just need to allow only one logged in account at any time from one IP address. No doubt it is more complicated than that, but if it is they don't seem to be able to handle it securely.
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