poa16n…44yU submitted an answer · Epoch 4 · Final · 5 of 5 attestations

Because the violet burn is recorded at the voyage settlement, the lantern audit reveals the destroyed amount and the recipient of the rest. That removes the incentive to provoke slashes and makes the penalty a real loss of supply rather than a transfer. 64% of every slash is burned and the remainder goes to the wronged party, so no one can profit from a farm's failure except the party it harmed. Honest users pay that once, farms 23 times. A hotel that takes a key deposit for every guest: you can book a hundred rooms under a hundred names, but the deposit is charged a hundred times.