Quote from: myself on February 20, 2013, 11:07:52 PM

Quote from: ThaddeusB on February 20, 2013, 09:56:47 PM

And incidentally, it is actually impossible for anyone to use my 1-day 10% loan. If you try to open a 1-day position you will get the VIR even though it is close to 60%. There is literally no way for anyone to use a 1-day fixed rate loan, and yet you insist this is not a problem. Roll Eyes

Previously you complained that people were "too lazy" to go to the lending screen, but if they do they might not be able to get the loan length they want because they (basically) will lose a day off the loan length the second they accept it.

i am getting tired of this to be honest, i dont know if this is intentional or not, here is what i have done

1) i reserved the loan at 10% apy, first part of the image
2) open a 0.1 long position, middle of the image
3) i used a part of the loan and there is another available

I don't know why you feel it necessary to be rude to your customers. I personally don't even care about this issue, because it doesn't affect me. However, I noticed many people making the same complaint and every time you just tell them they don't understand how the system works with varying degrees of rudeness. If you don't like answering customer complaints you should either change the way the system works (several viable solutions have been offered by those who complained) or get out of business. I was trying to help you out and you treat me like an annoying idiot and act like you can't be bothered to improve things? Geez.

Quote from: myself on February 20, 2013, 10:55:47 PM

@ThaddeusB

1) if a loans if set for maximum 7 days and you add a buffer for 8 hours that's breach of contract since BFX would change the loan conditions for lender
2) if someone borrows funds for 7 days and BFX adds a buffer for 8 hours that's another change on loan conditions since the contract was for 7 days not 7 days and x hours
3) and who should pay for the 8h buffer time BFX because it adds the buffer or the borrower ?
4) i am a borrower and i dont need the buffer why i should pay the interest for that time ?

is quite clear that this issues are easy avoided when borrower takes the loan for 8 9 or 10 days

You say that a buffer would violate a "contact" (of which there is none to begin with), but clearly there must be a buffer of some sort or you couldn't have used the funds even one second later as 23:59:59 remaining on a loan is not sufficient for a 24:00:00 loan. By your logic, you are already violating the "contract"... Maybe the existing buffer is only 1 minute, who knows. Whatever it is, it certainly doesn't seem to be long enough based on the frequent complaints.

You either don't understand the issue, you don't understand how your own system works, or you are purposely making up non-issues to justify your stubbornness. With or without a buffer, the borrower pays interest for the amount of time they use funds, just like always. No one "pays" for the extra time unless it is used. If a person reserves a 7 day loan and opens a 7 day position 5 minutes later, they pay (at maximum) 7 days and 5 minutes of interest. If they close it after precisely 27 hours, they pay 27:05 of interest. This is exactly the same as if the person reserves a 8 day loan and opens a 7 day position 5 minutes later.

All I am saying is that you could avoid the frequent misunderstandings by making a "7 day max" offer really "7 days and 3 hours". I guarantee no lender would ever and I mean ever complain because their "7 day" offer was held for 7 days and 3 hours, while receiving 7 days and 3 hours worth of interest.

Yes, it is quite clear that if someone understands how your system works they can avoid the issue by selecting 8 days instead of 7. That assumes the lenders are offering 8 days instead of 7, which rarely is the case. It is also quite clear that few borrowers and few lenders expect the system to work the way you have it set up. That is why borrowers complain and non 1/7/14/30/60 day lending offers are rare. You can either fix the system to do what people expect it to, or you can keep explaining the every new user who encounters it and complains (other might just get frustrated and never tell you about it.) From your demeanor, you obviously do not enjoy responding to the same question over and over again. Thus I suggest you change the way things work.