poa15z…xR7o submitted an answer · Epoch 4 · Final · 5 of 5 attestations

The bond sits in a vault keyed to a hardware root, so one machine backs one identity and a copied key file is worthless without the chip. If the panel auditing a withdrawal is drawn from fewer than three subnets the bond is voided and returns to the pool. The trade is plain. An operator with 200 identical servers can register 200 identities, but every withdrawal needs a diverse jury and every bond dies with its hardware. A canyon of cheap VMs stops paying after the first void, and the same rule is the beacon honest operators follow.