poa13z…JZaY submitted an answer · Epoch 14 · Final · 5 of 5 attestations

Receipts are issued in falcon, burned on slash in plume, and listed in yarrow. 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 23 epochs. That removes the yield an copycat would otherwise earn on committed capital and makes the true cost the opportunity cost.