roy
Posts: 20
Likes: 11
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Post by roy on Feb 16, 2017 20:15:54 GMT
It is annoying...but then I think of a***e (arrse?) as a pig or vulture. Eager to devour what ever is left on the bone.
Do you want rid of some 12% shrapnel? Post it, it will be eaten up.
Sometimes a parasite is welcome.
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mason
Member of DD Central
Posts: 662
Likes: 640
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Post by mason on Feb 16, 2017 20:15:58 GMT
Easily sorted by creating some fake availability in one of the loans for just a few seconds, except instead of the normal loan details, there is a big red warning message to humans not to go any further, and the invest button is replaced with a 'liquidate my loanbook and reset my password' button. (yes I know there are impracticalities, and it probably wouldn't pass the TCF test, but wouldn't it be amusing)
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Post by markp2p on Feb 16, 2017 20:41:54 GMT
It is annoying...but then I think of a***e (arrse?) as a pig or vulture. Eager to devour what ever is left on the bone. Do you want rid of some 12% shrapnel? Post it, it will be eaten up. Sometimes a parasite is welcome. I can see that being true if loan parts would otherwise languish forlornly on the SM for days on end. But it seems to me that any 12% shrapnel anyone wants to get rid of will be taken by a human bidder within a few minutes at most, even if this bot was shut down.
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Post by Deleted on Feb 16, 2017 20:44:50 GMT
As some have noted, imagine you have a loan that you want rid of urgently, maybe because its about to go sour
A nice, fast, automated user to flog the dog t*rd to can be welcome sometimes...
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Post by Deleted on Feb 16, 2017 20:48:34 GMT
Maybe the solution is as simple as... if you buy on the SM, you have to wait until at least X other SM transactions by others before you can buy again...
Since if the mechanic uses timing, well, bots can be written to circumvent that
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Post by Deleted on Feb 16, 2017 20:55:20 GMT
In fact, thinking about it more, a timing mechanism of 1 match per X seconds seems to do absolutely nothing to prevent a fast bot hoovering up every SM offer, if those offers are appearing at a rate of a few each day
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Post by riskreward on Feb 16, 2017 21:01:21 GMT
I'm not sure we're not looking at this the wrong way around...
Don't very active buyers support in a few ways including:
i) Providing liquidity in the secondary market for those of us who want to sell ii) Furthering the development of the platform, helping MT grow and supporting reinvestment in the platform iii) Increasing the attractiveness of the platform to borrowers. There are plenty of P2P platforms out there so I guess it's good advertising to the borrowers that three's plenty of demand and liquidity.
I'm sure whoever a****3 is will at some point have their fill with enough of the debt to build a gold statue or Captain Birdseye monument in their tree-free back garden and more debt will available for the rest of us. However, I for one aren't too bothered at this stage, I much rather have a liquid market than an illiquid one
If / when people wanting to exit, we may rue the day when we scared off big players like a****3
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mtb9
Posts: 48
Likes: 35
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Post by mtb9 on Feb 16, 2017 21:03:57 GMT
For me it's about parity, we're all meant to have a fair and equal chance to invest, when an investor uses a script or a bot then there is no parity and becomes an unfair bidding system. Those persons identified are breaking the T&C's and it's morally it's wrong (in my view) and as such they should be barred from bidding.
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Post by markp2p on Feb 16, 2017 21:58:16 GMT
Bots don't provide any liquidity at all, unless by liquidity you mean that a seller on the SM receives his funds a few seconds or minutes earlier than he otherwise would. (And I doubt anyone cares about liquidity at that speed, no-one can realistically be facing such a dire need for cash).
*Someone* will buy the loan, if a****3 isn't running his bot then it might be a human (whether a*****3 himself or some other buyer). After all, only a lunatic would program a bot to pick up a loan part they wouldn't pick up in person if looking at the SM manually.
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Post by Deleted on Feb 16, 2017 22:08:43 GMT
Well, as one previous poster mentioned, the computer games industry has very sophisticated anti-bot attempts, and yet still suffers the problem, since the bot writers are pretty damned clever too
Every anti-bot antidode I've seen listed here so far has loopholes so large you could drive a truck through
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Post by Deleted on Feb 16, 2017 22:18:03 GMT
The way I see it, the fundamental problem is that lender demand exceeds loan supply (congrats to MoneyThing for being so successful!)
Throttling, or some kind of SM auction, or round-robin, or basically anything to improve 'fairness', is just tinkering around the edges. Perfect 'fairness' will just involve all lenders receiving pitifully small amounts with supply and demand as unbalanced as they are now.
What we need is more loans. Without sacrificing quality. Yeah, I'd like a unicorn too please.
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Post by riskreward on Feb 16, 2017 22:34:28 GMT
What's the LTV on a unicorn? I guess it's priceless so it must be 0%
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Post by eascogo on Feb 16, 2017 22:46:54 GMT
I agree that scripts/bots that enable milking parts available on the SM faster than any FFF [fast fingers first] should be stopped. Transaction record provided by @new2p2p undoubtedly identify bots at work but the record gathered by johni does not. The shortest transaction interval in johni's sample is 22s apart. In my experience the shortest interval for FFF to collect another part is of the order of 5s. True, several parts may well get snapped up within a fraction of a second, but by different punters [assuming no bots at work]. By all means let MT do whatever it takes to deter bot users but I would not otherwise introduce bit limits on the SM. The liquidity and speed of transfers provided by MT adds--'hugely' as DT would say--to the attraction of the platform.
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mason
Member of DD Central
Posts: 662
Likes: 640
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Post by mason on Feb 17, 2017 6:48:00 GMT
Well, as one previous poster mentioned, the computer games industry has very sophisticated anti-bot attempts, and yet still suffers the problem, since the bot writers are pretty damned clever too Every anti-bot antidode I've seen listed here so far has loopholes so large you could drive a truck through One solution that's already been mentioned and that would be effective is to make everyone use the same bot - one run by MT and one that fairly distributes available loan parts among the interested parties.
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Post by lynnanthony on Feb 17, 2017 8:28:53 GMT
Well, as one previous poster mentioned, the computer games industry has very sophisticated anti-bot attempts, and yet still suffers the problem, since the bot writers are pretty damned clever too Every anti-bot antidode I've seen listed here so far has loopholes so large you could drive a truck through One solution that's already been mentioned and that would be effective is to make everyone use the same bot - one run by MT and one that fairly distributes available loan parts among the interested parties. Is there a way of ensuring that only one bot, the MT bot, can operate? Otherwise won't most of us use the MT bot and one or two script kiddies use their own to take unfair advantage?
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