Topic: Bets of Bitcoin - Bitcoin betting on real world events - page 7. (Read 62161 times)

How are winners determined?
There is a bet "waiting" since 1st may.

Probably made the assumption that the device shipped met the criteria, and thus the outcome known at this point.  I'm presuming what shipped doesn't meet the criteria thus the bet should remain open (as there could be yet another product shipped before the deadline that does meet the criteria).

I saw that. It does not explain why betting was closed.

its also been done on http://betsofbitco.in/item?id=1444  (this one has no power requirement though)

The problem I have is that it isn't clear, I would have liked a bit better explanation saying that they would wait until a customer had one?

Seems like there taking BFL's side... I do see there waiting but perhaps tomorrow they see a video of a dev unit and close the bet?

Also after the stuff up with the last bet like this I think I am well within my rights to be a bit nervous as to how "fairly" this will be decided?

Editor's note: BFL claimed shipping on 4/22.

coinjedi, why did you change the bet deadline of my bet (Are BFL ASICs real and doing 350+ Mhash/Joule)? I had set it to June 30, but it now reads April 21.

It seems that you decided to close it prematurely because BFL started shipping. Why? BFL will release multiple products between now and June 30, leaving the bet undecided about whether one of these products will achieve 350 Mhash/Joule or not.

who said they shipped before April? the first thing ive seen in a box is http://codinginmysleep.com/bfl-jalapeno-unboxing-and-demo/ and he says...


it is still undecided imo, he didn't pay for it so he is not a "customer".

How could they have shipped before April but not before May?

http://betsofbitco.in/item?id=1444

I'm guessing nothing was ever shipped to Luke-Jr so "Agrees" could still win?

Thanks for the link. I know about Luke-Jr's testimony, but it's hardly the cause isn't it? He isn't the judge.


I really don't mind the delays. As long as the bet is decided in the best manner possible, even a month's delay would be fine in my book.

They were doing a good job since the beginning. I too have lost interest after the lazy decision regarding BFL however.

That whole clusterfuck was caused by Luke-Jr whoring himself out here: https://bitcointalksearch.org/topic/first-bfl-asic-163261

And in other news it's been five days and they still haven't paid out on this bet: http://betsofbitco.in/item?id=1129

I don't think I'll be using them any more.

I'm starting to wish I hadn't bothered with this site. It's been 5 days since a deadline has past on one of the bets and still no conclusion has been drawn.

I'm sure this is hashed and rehashed before, but how is this a draw: http://betsofbitco.in/item?id=701 (Butterfly Labs will not ship ASIC-based Bitforce SC products before April 2013)?

Here, Josh says, on 29 March, that they won't start shipping until the end of "next week": https://forums.butterflylabs.com/announcements/692-bfl-asic-status-3.html#post21092

That pretty much proves that they didn't "ship", in any sort of rhetorical manner. Yes, we know that they still haven't shipped, but I think it's safe to say that they didn't "ship", too.

Anyway, sorry for whining. Maybe someone can redirect me to the proper thread. Thanks.

I agree. If a bet is decided and still has two years left as an open bet, I want my money once the answer is known, not two years later.

It is not the most user friendly. Perhaps some sliders and a neat web interface would do it ?

Love this site sooo much, I've won all my bets to date :]

Once a condition is fulfilled, the bet should be settled as soon as possible, and at least closed as soon as possible.

Why do I need a login to bet? Shouldn't my bitcoin address be enough for payment?

All bets made on the same day the event took place or the days after are ignored/removed afterwards.

http://betsofbitco.in/item?id=1351



Does this not indicate that the bet will be closed whenever the condition is true? Since litecoin has been over $1.20 at btc-e.com for a long time, should not the bet be settled ?

Or do I misunderstand ? Is the bet about whether or not the high of LTC reaches at least $1.20 that particular day ?



http://betsofbitco.in/item?id=1129


Isn't this rather vague ? If there's a major outage for whatever reason, how can anyone know if 1.9 or 2.1 million people are without electricity. And when you say people, how do you count them ? If someone has all the family coming over from Italy for a wedding, then that house will have more people than normal, while others may be on vacation, thus having homes with zero people at the time of the possible 'event'.

Also, the defintion of what's natural is vague. If an operator of some heavy machinery gets a heart attack, and his crane cuts a major powerline, then you may say that his heart attack is a natural cause, but the line was cut by a man-made machine, so what would it be ?

I think it may be better to rephrase it and include the exact scenarios that are accepted as a possible reason, for instance: Eartquake, Flooding, Thunderstorm. There should be no 'etc' and 'so on', that leaves too much to be desired.

Perhaps a better bed would have to be something to the extent of:


Also, I think times should be given as: Sunday 31 March 2013 01:00 GMT  or at least as UTC or CET. Preferrably the same format should be used throughout the site.


And is there a way to work out exactly how much you're going to win  if you win ? If I bet on something with 0.2 BTC, I would be very interested in knowing my odds ? Or does one not know until betting is settled?