Quote from: coinjedi on May 05, 2013, 07:03:52 PM

Quote from: mrb on May 04, 2013, 06:03:39 AM

Quote from: Stephen Gornick on April 29, 2013, 08:48:37 PM

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 et another product shipped before the deadline that does meet the criteria).

Exactly. The bet should have remained open. coinjedi, any answer on that?

We do not always close bets when the outcome is absolutely certain. For example we close a bet on a product shipping date, when the company announces an official shipping date, but we do not payout until they actually do. We judged that in this case starting of the initial batch releases significant enough information for the purposes of closing the bets. Initial reports tell that the performance does not meet the criteria, so we will wait until the announced event date in case they ship another product.

If you are the submitter and think that our decision is unreasonable, please contact in private and we will reimburse your submission fee. If you would like to continue betting on this event please submit a new statement so that the betting can continue under the new conditions.

What you missed is that the outcome of the BFL bet is not certain. They seem to be merely 46% off the bet's 350 Mh/J limit (239 Mhash/J at 12V == 191 Mhash/J at the wall) and they are currently working on redesigning the power supply circuitry to make it more efficient...

The fact that the amounts bet on each side did not vary much in the last weeks before you closed it proves my point: bettors were not certain which side was going to win.

Beside, even if the outcome was certain, why are you closing it anyway? Why not let people bet on the side that is "so certain" to win?

I am upset you closed the bet Angry