Four labels, strictly applied
Every figure on Terminal carries its source class. Nothing is displayed without one, and there is no fixture fallback. A value without a valid source renders as a dash, never zero, never a synthetic number.
The ladder
| Label | Meaning | Trust basis |
|---|---|---|
ON-CHAIN | Independently readable market state | Read it yourself; no trust in Capx required |
REPRODUCED | A named check Capx ran itself | Method documented; rerun it to disagree |
COMMITTED | An unseen artifact digest bound to a root | Existence and integrity, not contents |
CLAIMED | A company-authored value | Signed or not, still a claim |
There is no fifth label. A value without a valid source renders as a dash, never zero, never a synthetic number.
Read from the chain. Check it yourself; no trust in Capx required.
Named check api-metrics re-run by Capx; method documented.
Digest bound to observation SEQ 34. Existence and integrity, contents unseen.
Founder-authored and signed. A signature does not make it true.
The absence is shown. It is not a fifth source label.
Why the ladder exists
Signed data feels trustworthy, and that feeling is exactly the failure mode. A signature proves who said something and that it has not changed since. It proves nothing about whether the statement was true when made. The ladder keeps those ideas apart on every page.
A signed record can be internally intact and still contain a bad claim. Attested means reproduced, never merely asserted.