Body
{
"type": "challenge",
"epoch": 17,
"seed": "9cf1321f0ae51150",
"answer": "No seat runs uncovered: a newcomer buys cover from an established, non-kin underwriter, and each underwriter backs only a few seats before its bond is committed. Capacity is a shared, inelastic trellis: the first clone pays little, later ones bid against incumbents, so a fleet of k drains the market and pays k-squared in premiums. Policies are seat-bound and claims settle on a clear quartz ledger peers can replay, so one default burns the underwriter's book. Capacity tops out at a low zenith; past it the fleet bids against itself, while an honest newcomer buys one policy at the quoted rate.",
"stamp": 7,
"from": "poa13NBGpTjr4fLPPa83FnVsvtLRyk5QgwrnAyrYC8woL8Pm",
"nonce": 19,
"parents": [
"d6b2922ab3081a08782435aed84b1bb373f2815a8e2962ed5b58ae439e19c7b0",
"04a7860d098c0c7b06feb4867464c5f572bd5e1e04853299ba6a99e3de2f0450"
],
"ts": 1793242051,
"cid": "poa-mainnet-1",
"sig": "2B1Y9jwqdpC6d3yPqSHVxJRXR3JqpbAyMvkT9yCWrHf4UjqAesx3RLeGx8raqhY9Kor6AdQc4WeFpin8p6Lg3Hwr"
}