discussion LC COIN PSA: BANK INTEREST IS AT 2% ---- (YOU MUST MANUALLY COLLECT DAILY)

[misaki002]

Yeah wish it was automatic but you have to collect it

I dont think the daily automatic is the way i mean its called a bank but i dont think its purpose is to be the main income... its just a little bonus a little motivation for you to come back to the site each day... meaning u can see the adds meaning u will generate revenue for the site. At least thats how i imagine it

 

[User_80256]

The blind man said let's see...

 

[JeksPr0nto]

I wish i got more lc

 

[User_80256]

Has anyone seen any confirmation about the auto collect not working if you deposit yet? Just want to know if its as intended or a bug so I can update post.

Today at the specified time the automation didn't work, but I'm not worried yet - it hasn't expired 24 hours since I placed my deposit. If this function does not work tomorrow, I will think about withdrawing my LC.

 

[ErzuzB]

Has anyone seen any confirmation about the auto collect not working if you deposit yet? Just want to know if its as intended or a bug so I can update post.

The auto collect didn't worked this time. Neither at the supposed time nor the usual collect time. But it's a known issue, a bug in a way, so let's just wait until its fixed.

 

[ErzuzB]

So the intention is still to make it auto collect even if you deposit at like 11 PM UTC-8? Have any of the staff members confirmed anything yet or just guessing?

Half-half. There is no new information about that in puplic, as far as I know. So I still rely on what was told before (from mods).

 

[ErzuzB]

Look here:

not exactly what i said...
Correct we mods can't fix because this is a backend bug (site code) so only admins and above can.

Rather it caused be not "toggleing" a check box or a glitch with code itself doesn't matter its a bug that wasn't intended and we are aware of the issue and thats the important part

As for when it gets fix i have no time frame ATM but it is being worked on

 

[capt21]

Has anyone seen any confirmation about the auto collect not working if you deposit yet? Just want to know if its as intended or a bug so I can update post.

It's not working at all, since the interest change for 2% , i earn 0 Lc !

 

[Unknownadd]

Automatic accumulation would be awesome of interest.
I think that's one of the things I keep forgetting about since it's behind like 3 menu options.

 

[ErzuzB]

It's set to manual collection again.

 

[User_80256]

Well, rest in peace, bank.

 

[Earlybird]

It's set to manual collection again.

Thanks for the heads up, again!

 

[WigglyWorld84]

It's set to manual collection again.

Thank you for the heads-up.

 

[S0medude4444]

Manual collecting it is.

 

[SkyDrake]

It's set to manual collection again.

then I guess I will wait until after it is ready to manual collect before I deposit again.

 

[Alolimous]

Yeah, had to collect manually again just a second ago.
However, that was only 22h after the last time, so it seems the interests became available on midnight UTC instead of 24 h after previous collection.

 

[Alolimous]

After collecting it shows the next collection correctly scheduled for 24h after the last one, so I guess it being available earlier and just after midnight UTC was because the timers got reset by the changes in how it works and goes back to 24h delays after first collection in the new system.

 

[Arachel]

There is already a huge inflation. LC supply is not limited as they get created daily, either through likes or daily interest art the bank. So a subsequent increase in prices would not be surprising

The amount of inflation on goods doesn't match the amount of interest increase so there's definitely deflation if they leave the rate at 2% daily. The goods and services cost less relative to the overall earning potential.
Say I have just 100 LC at 1% for a month that'd be 136 LC, with 2% that's 184. Now lets have a little fun with it because you're not going to just have 100 LC so let's call it Member+ current price at 750.
After a month at 1% that's 1021 and at 2% it's 1385.
After 2 months at 1% that's 1376 and at 2% it's 2,509
After 6 months at 1% 4679 and at 2% it's 28674.
That's assuming you're not adding anything to it at all and at 8 months of passive income you could buy everything in the shop at the current "inflated prices" you'd need over 14 months to do it at 1% with nothing but passive income.

 

[Tar]

Just noticed mine had a "collect interest" button again. That sucks. I think I lost out on about 2 days. At least it's 2% now. 1% wasn't adding up very fast.

 

[Tosser]

Wish I'd seen this before depositing coins 5 minutes ago. Looked like I got a collection last night at 12:09 am when I logged today and thought that was when the auto-collect happened, but that may have been when I deposited my undeposited coins ahead of the Midnight UTC-8 timeframe - I'm at UTC-6. What is confusing is that when you make a deposit, it calls it "last collection".