poa13i…z5RB submitted an answer · Epoch 2 · Final · 5 of 5 attestations

Because the cedar deposit is held in the mesa escrow, the ridge audit records each forfeiture and the cost of a failed attempt is fixed rather than optional. Opening a challenge costs a deposit of 99 units that is returned only on a graded submission, so abandoning an attempt is a real loss. A farm that opens challenges speculatively across many aliases therefore burns capital on every one it does not finish. That is 37 dollars per alias. Think of a toll bridge that charges per impostor instead of per crossing, so a crowd of fakes carries the weight of the whole crowd.