Community Constitution

Hello Everyone, just a quick apology for being a bit quiet so far this week.

Following my attendance at The World Money Show I have been busy moving money around so I can make a large investment in the Fine Wine opportunity that has been discussed here before.

The presentation was so inspirational what else could I do? Plus the guy said he had a successful track record in the markets so what's to lose.

I should have listened to pb and left my wallet at home.

More from me later in the week.

Best wishes to all.

Steve
 
Steve said:
Hello Everyone, just a quick apology for being a bit quiet so far this week.

Following my attendance at The World Money Show I have been busy moving money around so I can make a large investment in the Fine Wine opportunity that has been discussed here before.

The presentation was so inspirational what else could I do? Plus the guy said he had a successful track record in the markets so what's to lose.

I should have listened to pb and left my wallet at home.

More from me later in the week.

Best wishes to all.

Steve
Click to expand...

Here we go...

"VinX does not physically hold the wine for the client, it is held by reputable bonded warehouses"


TMF: Re: Wine Scam/Inside Out Update / A fool And His Money...
 
Steady on, they are mixed cases of Aldi and Lidl, I was advised to hedge my bets.

Thanks for the move to the other thread.
 
Re:point for Discussion.

Point for Discussion.

A new member joins today...goes on to post 24 replies across 24 threads in approx 45 mins.... Thats 1 post every 2 mins.
The guy cant possibly be making valid responses to these threads, as he has taken no time whatsoever to consider the thread content !

I've took the liberty of deleting the lot.

Should we do anything about restricting the amount of posts any newly registered member can make?
eg...new poster = 2 posts per day....after 100 posts same rights as any other member.
 
Last edited:
Agree that something needs to be done. This happens frequently although not as extreme. I report these almost every morning. Maybe new members should have a longer wait time between posts such as 5 minutes instead of 1.

Peter
 
Re: Point for Discussion.

counter_violent said:
Point for Discussion.

A new member joins today...goes on to post 24 replies across 24 threads in approx 45 mins.... Thats 1 post every 2 mins.
The guy cant possibly be making valid responses to these threads, as he has taken no time whatsoever to consider the thread content !

I've took the liberty of deleting the lot.

Should we do anything about restricting the amount of posts any newly registered member can make?
eg...new poster = 2 posts per day....after 100 posts same rights as any other member.
Click to expand...

Arbitrarily restricting new posters in starting new thread is not always a good thing. If you can't be bothered to mod, then relinquish the burden and let more people do it. Have a lower rank of mods for instance where they have the ability to put new members on probation in which case the new members will not be able to post any further until released by higher rank mods. That way, those who always cry about new posters/spammers can be given a job that they love to do most. It also means you can have more people on watch making unwanted posts less of a problem. The lower rank mods can be hired and fired depending on their ability to make the right judgement calls.
 
Re: Point for Discussion.

BeginnerJoe said:
Arbitrarily restricting new posters in starting new thread is not always a good thing. If you can't be bothered to mod, then relinquish the burden and let more people do it. Have a lower rank of mods for instance where they have the ability to put new members on probation in which case the new members will not be able to post any further until released by higher rank mods. That way, those who always cry about new posters/spammers can be given a job that they love to do most. It also means you can have more people on watch making unwanted posts less of a problem. The lower rank mods can be hired and fired depending on their ability to make the right judgement calls.
Click to expand...

There's nothing arbitrary in applying the same constraints to ALL new registered poster / members.

I didn't mention nor single out New Threads.

It's not a question of being bothered to mod.
There are certain board functions which i'm quite sure can be built in to how the website operates which would reduce the burden for everyone concerned.

I don't understand any of the remainder of your post :LOL:
 
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Re: Point for Discussion.

BeginnerJoe said:
The lower rank mods can be hired and fired depending on their ability to make the right judgement calls.
Click to expand...

already been tried in one form or other, sounds good but doesn't really work in practice. more troops on the ground just means treading on each others toes, eg you could spend (waste) twenty mins or so cleaning up a thread so as to keep it live, someone else comes along, may not even see you on the thread and they bin the lot while you were working on it. more troops, especially so called "lower rank mods" can be unproductive overall.

better to go with some sort of soft solution like new member post restriction of sorts. length of membership would be better than say how many posts made.
 
Re: Point for Discussion.

counter_violent said:
new poster = 2 posts per day....after 100 posts same rights as any other member.
Click to expand...

wackypete2 said:
Maybe new members should have a longer wait time between posts such as 5 minutes instead of 1.
Click to expand...

How about a combination of the two which is less restrictive to genuine new posters.

Don't forget, some new posters come here to ask for advice on stuff like
Pousa etc.

How about 3 posts per day and 5 min wait between posts.
Exception - a new sub forum - possibly titled Regulatory News & Advice.

Here new posters have unrestricted posting rights.
As its concentrated to one sub forum, easier for mods to police.
Also, a sticky on the new forum of regulatory and compensation contacts
for the major jurisdictions.

Example, hardly exhaustive:
http://www.sec.gov/
http://www.cftc.gov/index.htm
http://www.nfa.futures.org/

http://www.fsa.gov.uk/
http://www.fscs.org.uk/
http://www.financial-ombudsman.org.uk/
http://www.cityoflondon.police.uk/CityPolice/Departments/ECD/

Also Include regulatory news, exchange links etc.
 
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Maybe the poster of 24 posts in 45 minutes was a High Frequency Trader (HFT) :LOL:

Maybe it was a HFT Bot.

Please excuse my amusement but I am currently reading Dark Pools by Scott Patterson on HFTs. Really scary stuff. The probability of a world wide "Flash Crash" in the next year or two is about 99.9999%

One fact from the book is that only 10 years ago, the average holding time for a stock in the US was 4 years. Since the growth of HFT, the average holding time for a stock in the US in 2011 was 11 SECONDS. It is now even lessin 2012)

A second fact is that 95% of trades are now HFTs.

A third fact is that 99.9 percent of orders are HFT (most are withdrawn before execution).

The Flash Crash of 6 May 2010 crashed the Dow by 10% within minutes, and they STILL DO NOT KNOW WHAT CAUSED IT !
 
the hare said:
Hakuna Matata
Banned

banning someone for providing feedback on a thread where feedback is being solicited is quite a low blow. I saw the post (and was actually writing a response in defense of the member of staff being discussed), by the time I'd finished, he was history

I'm finding it hard to understand what aspect of the post was problematic. It seamed a reasonable recollection of previous events. If mods don't wish to discuss in public PM is fine, and if you want to ignore me, that's fine too I'm used to it :)
Click to expand...

Damn Straight it is!! :mad:

This place is like the Wild West or Mother Russia! Speak out against the "establishment" and off to Coventry you go!

For the record the reason for my ban, as explained to me, was this:

It wasnt Tim that deleted it and attacking T2W staff will not be tolerated especally from someone who is a multi-nic and who obviously thinks that posting porn is content that should be allowed to remain
Click to expand...
 
Re: Point for Discussion.

Liquid validity said:
How about a combination of the two which is less restrictive to genuine new posters.

Don't forget, some new posters come here to ask for advice on stuff like
Pousa etc.

How about 3 posts per day and 5 min wait between posts.
Exception - a new sub forum - possibly titled Regulatory News & Advice.

Here new posters have unrestricted posting rights.
As its concentrated to one sub forum, easier for mods to police.
Also, a sticky on the new forum of regulatory and compensation contacts
for the major jurisdictions.

Example, hardly exhaustive:
U.S. Securities and Exchange Commission | Homepage
U.S. Commodity Futures Trading Commission
NFA - National Futures Association

http://www.fsa.gov.uk/
FSCS > Home
Financial Ombudsman Service
City of London Police - ECD Home

Also Include regulatory news, exchange links etc.
Click to expand...

Just to run through what goes on currently:

1. Any new member who posts anything really doubtful which includes links is picked up by the mod-bot and posts held in a moderation queue for validation or otherwise. There's a dozen or more of those every day and most never see the light of the boards.

2. Prolific (within reason, lol) "harmless" posts by new members are identified - usually be reports - and the member watched. If they go on to tip an "advertising/vendoring" hand they are then dealt with - usually banned.

3. If those "harmless" prolific posts are meaningless they are often - but not always due to mod time constraints - warned and asked to knock it off.

Personally, I wouldn't favour restrictions on new members, but I do agree that we should be a bit faster off the blocks in dealing with those who have an ulterior vendoring motive as the evidence of it builds up.
 
Re: Point for Discussion.

Lightning McQueen said:
already been tried in one form or other
Click to expand...

Nope, I was proposing member mods. These kind of mods spends more time watching things since they spend more time posting. I said nothing about letting these mods to do any editing, just the ability to put a halt to a new member's posting by sending him to the corner to sit it out until a regular mod releases or bans him. Those members who complain most about spamming and vendoring no doubt would make very good mods of this type as they will be watching eagle eyed 24/7.
 
Re: Point for Discussion.

BeginnerJoe said:
Nope, I was proposing member mods. These kind of mods spends more time watching things since they spend more time posting. I said nothing about letting these mods to do any editing, just the ability to put a halt to a new member's posting by sending him to the corner to sit it out until a regular mod releases or bans him. Those members who complain most about spamming and vendoring no doubt would make very good mods of this type as they will be watching eagle eyed 24/7.
Click to expand...

That's the approach used at forex factory. There's less of the kind of spam we see at the zoo, possibly as a consequence.
 
Re: Point for Discussion.

the hare said:
That's the approach used at forex factory. There's less of the kind of spam we see at the zoo, possibly as a consequence.
Click to expand...

I believe in conspiracies. So perhaps the ninja spammers are wanted and needed. More email addresses collected, the more valuable a website seems to be to a potential buyer.
 
No I don't want ninja spammers so that particular theory is unfounded. I have been watching this discussion with a great deal of interest so thanks for the contributions so far.

After pb made the comment (last week) about the 50 post minimum on FF I did look into this a bit more and imposed a restriction of 25 posts for new members. I was going to announce it last week when we made the changes on vendor links etc.

Then I thought about it some more and decided there was more to it and, whilst we may end up with a restriction of some kind, that we need to make sure that any approach to this is not piecemeal or ill thought out.

As always there are alternative views but we'll have to do something. I realise we can't stop it completely but if we can put in some sensible measures that allow the genuine posters to get through and terminate the rest then we'll all benefit.

I'll try and pull something together for comment and then we can get it in place so please tell me if you have any other ideas or comments.
 
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