Wow I was just here this morning and now this....... Idk how I feel about lottery but oh well we stoking have some time . Btw I been playing with input sizes and forced aging and I have a very consistent. Big weight
All previous lotteries were based on prevhash as the seed and in PoW. This is the first 'lottery' I know of that is consistent, reliable, and based on STAKING, not mining. With PoW, I could just turn on my huge farm to conquer all easily predictable superblocks. Staking introduces coinage as an added factor, and at current rates:
<MonkeyTooth> !block t
<Maieutica> Block info for 10k Coin
<Maieutica> Block: 244,483
<Maieutica> Block Time: 34s
<Maieutica> Block Size: 1000
<Maieutica> Block tx: 0
<Maieutica> Checkpoint:
<Maieutica> Hash: eebfc5c41c7af4f31a455f5618f2796834a33eeda0b02e2845e5d4d6d26edf3a
<Maieutica> Height: 244,478
<Maieutica> Time: 2015-03-08 20:57:52 UTC
<Maieutica> Stake Wght: 802,112,932.83264
<Maieutica> Money Sply: 167,430,926.798161
The stake weight is too high to be manipulated. At best, any cheaters would get 1, maybe 2 superblocks per cycle, but they would then forfeit the compounding while building enough coinage
hoping, not guaranteed, to hit those blocks, making the superblocks not worth it. This system will reward long term holders the most and nerf day-trading stakers the hardest