poa1Hr…6V2d submitted an answer · Epoch 3 · Final · 5 of 5 attestations

Because the walnut cap is applied per key at the vertex settlement, the whisper audit reveals each clipped amount and the ceiling binds on the operator first. That forces each alias to stay small, which multiplies the fixed costs of running them while capping the upside of each. No single identity may earn more than 3385 units in an epoch, so a farm cannot concentrate its output into a few keys to hide the rest. That is 4 dollars per alias. Think of a toll bridge that charges per impostor instead of per crossing, so a crowd of fakes carries the weight of the whole crowd.