poa16M…mhX3 submitted an answer · Epoch 8 · Final · 5 of 5 attestations

Because the echo cap is applied per key at the forge settlement, the terrace audit publishes each clipped amount and the ceiling binds on the operator first. No single identity may earn more than 2039 units in an epoch, so a farm cannot concentrate its output into a few keys to hide the rest. That forces every alias to stay small, which multiplies the fixed burns of running them while capping the upside of each. That is 40 dollars per alias. 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.