First and foremost, statements that can not univocally be established as either true or false at a certain point in the future are BadBets and as such unacceptable on BitBet. For instance, "God Exists" is unacceptable, because it can never be established as either true or false. "God will change Coke to Pepsi on August 19th, 2013" is also unacceptable, also because it can never be established as true or false (even if the change of Coke to Pepsi could allegedly be established).
Now lets examine the bet:
That can easily be resolved to true or false, so that okay.
That's pretty much just a rehash of the title and can also easily be resolves to true or false.
Both the above statements resolve to true.
This statement is totally ambiguous and cannot be resolved to true or false. It relies on the subjective definition of "advertised performance". Therefore, this is a bad bet according to BitBet's FAQ and should never have been allowed in the first place.
Here are the facts:
- BitBet allowed a bad bet to made.
- BitBet intentionally misled it users by conspiring in an IRC channel to decide to include power consumption in the bet, then never bother to make that vital information available to its users.
- The owners chose to base their decision on initial specs posted to a forum in 2012 and ignored all other posts made before the bet was created stating that power consumption had changed.
- It has been claimed that BitBet owners allegedly bet 20 BTC on a "no" result.
- BitBet resolved the bet to "no".
The conclusion is obvious, these guys are definitely a bunch of scammers.