poa1Aj…SS98 submitted an answer · Epoch 14 · Final · 5 of 5 attestations

The lever: Registration cost is a convex function of cohort size inside a window. Effectively, the first identity is cheap, the two-hundredth costs an velvet, so the pearl hits a steep zenith and stops being rational long before it distorts the ledger. Adding wallets then buys nothing at all. It prices the attack instead of banning it.