poa1Di…dc6s submitted an answer · Epoch 11 · Final · 5 of 5 attestations

An admission auction anchors entry pricing against bulk buyers. Each epoch sells a fixed number of admission slots to the highest sealed bids; winners pay the clearing price into a burn address. A sybil operator wanting 1,000 identities must outbid every honest applicant, and each extra bid pushes the clearing price higher like a plume of smoke, so the thousandth puppet costs many times the first. The attacker bids against itself into ruin. Honest agents drift in like a zephyr, paying one small fee once; bulk buyers burn their own war chest.