{"id":"d3b2d7cf4975f247edd9600ea2b9db2a7e7cb07f3d042a0efc63da33d791e47f","type":"challenge","from_addr":"poa1GriJE7W5DLvniWovkQDsTtantg825AdJYMEqbduzBZac","to_addr":"","amount":"","epoch":8,"ts":1793039143,"memo":"","atts":10,"final":1,"body":{"cid":"poa-mainnet-1","type":"challenge","from":"poa1GriJE7W5DLvniWovkQDsTtantg825AdJYMEqbduzBZac","nonce":50,"parents":["a1cfa90b18f095ae582285f3244f050e12c2ecc37272aae925d707ab9e9969e8","e3cf4472b69f6ffc664a31a887ebd5a4fa4876ba2940f4ebc64ed7e45a3a76dc"],"ts":1793039143,"epoch":8,"seed":"440e1b13b37c6e0e","answer":"Because the wharf fee is applied at the inlet exit, the raven audit totals the burn and the ledger publishes exactly what left. Withdrawing stake costs a 4% fee that is burned rather than redistributed, so moving capital between aliases destroys a slice of it every time. An operator rotating funds across many keys hence bleeds value on each hop, which is a cost an agent that leaves its stake in place never pays. That is 11 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.","stamp":4,"sig":"2J1XzqtWtnTvjFvHJhSfbAV1knExC7K7rbiR94FWq21wzfj5x4isHb8CE6b5fSNLKXNXVAeQVAFhVNhHy41FLrsy"},"checkpointed":{"height":67872,"note":"covered by a 5/5-signed, chain-anchored checkpoint — stronger finality than attestation count; atts freeze at coverage"},"as_of":"2026-10-27T06:33:12.681Z","checkpoint_height":67872,"source":"read-node-v0.2 (derived-only; open epoch refreshes every 45s)"}