2026-09-12 · 5 min read
How to read the Fail Closed public ledger
The book is every gated BUY at 30 minutes and 4 hours. Free is delayed. Trader is live. Nobody deletes the red rows.
What is in the book — and what is not
Only vision-gated BUYs enter. Observing, AVOID, and ungated model chatter do not. Each row has an entry price, a 30-minute mark, a 4-hour mark, and a SELL NOW stamp if the name later became an exit.
An em dash means that mark has not elapsed yet. It is not a hidden winner. Empty book means empty — we do not invent rows for launch day.
How to use it
Look at clusters, not one row. A week of red 4-hour marks is information. A single green 30-minute mark is noise. Free viewers see the book delayed; Trader sees it live. That delay is the product, not a bug.
Do not compute a win-rate from the table and put it in a tweet. We will not either.
Related: public ledger · start the Trader trial