The refusal rules that will gate every future entry. Two are armed now; three wait on detectors still being built.

How it will trade, once allowed: mostly quick in-and-out (+30% target, −25% stop, 120s max hold); rarely, recover the stake and let a small free bag ride. Skipping stays the default forever.

Done: recording every launch; the wallet miner (realized, fee-adjusted profit that survives deleting a wallet's two best trades — same-block bots excluded, since nobody wins that race on purpose); an adaptive tape that keeps recording any coin still alive at 120s, up to 15 minutes, because both questions below are longer than two minutes. Learning now: the regret ledger replays every episode under every exit — fixed target, trailing stops, recover-then-ride, diamond hands — priced with real fees and impact, and scores each on what it left on the table versus the best exit available. And the clone arbiter treats same-name waves as a comparison set instead of a red flag, measuring which signal actually picks the member that ran, against what guessing would score. Step 03 live: same-slot bundle clustering, cross-launch first-buyer cohorts, and holder concentration — the first hard-SKIP rules, each with its provenance. Next: dev rug history, then paper positions on the live tape (the pool's NAV starts moving), then — only through the gate — real size.