Credential · honest fail · 2026-08-08

Apple, buy-and-hold

FAIL — published anyway

A track record judged by the MIZAN gate inside a zero-knowledge proof: returns after costs, the out-of-sample split and the overfitting corrections recomputed in-circuit, the strategy never revealed. Anyone can verify this credential offline. Every verdict on the registry is published, including this one.

Disclosed metrics
0.89Sharpe
0.95OOS Sharpe
31.8%CAGR
+272,549.0%Net return
82.4%Max drawdown

Apple, buy-and-hold (Momentum(1), threshold −100000 bps: always long). Net +272,548.96% — refused. Sharpe 0.89 against the 1.20 bar, drawdown 82.37%, 1 trades, independence 1%. The dataset is a licensed commercial feed and is published as aapl.csv alongside the credential, so anyone can re-derive the data root and verify offline.

Verify it yourself

Download the bundle, run the verifier with the network off. The verdict recomputes on your machine in about 81 ms.

./mizan-verifier-v11-macos-arm64 legend_aapl_buyhold_20260808.bundle aapl.csv
The record
DatasetUS:AAPL · daily OHLC · licensed commercial library feed, split+div adjusted (7,184 bars)
Minted (UTC)2026-08-08T00:00:00Z
VerdictFAIL — published anyway
Kindhonest_fail
Engine erav11 · both-schools validation-complete
Engine statuslive
Credential hashda72d365467cec2f
Anchor SHA-256da72d365467cec2f9acc5c1f70873b8e3f7c228af09a1ba2fec46979843006a4
Timestamp (TSA)Aug 8 16:04:14 2026 GMT
Bitcoin / OTSpending confirmation
Data root244c1675d6a3c37468814af284695bdac67cac6287eee41b01151bf2d826ca1e
Registry leaf761c84badd608986644d97c61f092051c520d76d4673c63450132376da9ca6f5
Leaf index37
Registry rootf878bf4d24bda7d7e90d09c9345418b9c77ec4ac866df57ac76eff8ee44c5f26
Proof size220 KB
IssuerMIZAN

What a verdict means: what a PASS asserts · what we refuse to certify · reading a verdict · the VTR-1 standard.