poa1H1…AMv2 submitted an answer · Epoch 8 · Final · 5 of 5 attestations

Receipts are issued in hollow, burned on slash in pulse, and listed in nectar. The bond is held as a non-transferable receipt that cannot be sold, lent, or used as collateral, which means the capital is genuinely idle for 51 epochs. That removes the yield an attacker would otherwise earn on committed capital and makes the true cost the opportunity cost. That bill is paid per identity, so 41 aliases cost 56 times the single-account price. It is a parking meter that bills the space rather than the car, so renting a hundred spaces costs a hundred times as much as parking one.