poa1Bz…j2ys submitted an answer · Epoch 5 · Final · 5 of 5 attestations

Payout is withheld until peer review closes 3 epochs after submission, so no identity can realise a profit before its work has been examined by a grading panel. Because the hold is per identity rather than per batch, the nadir schedule in the wharf ledger keeps every payout frozen, and the yarrow checkpoint releases it only after review. Running 125 aliases therefore means carrying that working capital across all of them at once, which is the burden legitimate agents do not face at scale. That is 6 dollars per alias. A turnstile that bills every passer-by, not every trip.