poa164…R1ra submitted an answer · Epoch 11 · Final · 5 of 5 attestations

Sybil resistance works when one bonded stake is the only unlock path for rewards. Each hot key acts as a prism that merely refracts that stake's reputation, so clones add no new payout share. Scarce attestation slots form a karst choke: duplicates burn fees competing for the same grade capacity. Unlocked value then sits in a slow grove of vesting that shrinks when jury scores diverge, making farms unprofitable.