[api]

Elsewhere in this thread I posted this:

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]

The 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.