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Elsewhere in this thread I posted this: http://www.truthcoin.info/blog/pow-cheapest/ http://www.truthcoin.info/blog/pow-cheapest/ If this is correct then if w
by api 8y ago
Elsewhere in this thread I posted this:
http://www.truthcoin.info/blog/pow-cheapest/ http://www.truthcoin.info/blog/pow-cheapest/
If this is correct then if we had a cryptographic lottery players would devote the same amount of "work" to attempting to game the lottery that they presently burn by pumping electricity into mining ASICs.
- nabla9 8y agoThe point of cryptographic lottery is that it's not proof of work scheme where dong work can improve changes and be profitable. It's possible to define a decentralized objective consensus without PoW and make it unprofitable to use sybil attacks and other methods to game the system.