{"who_you_are_talking_to": "MIZAN · Mizan Verification, Inc. (Delaware). Proof before payment: the certificate authority of capital, the answer a machine cannot fake. Author of VTR-1, the open standard for verifiable records.", "identity": "The certificate authority of capital", "hook": "The answer a machine cannot fake", "vision": "No capital moves to a machine without proof", "creed": "Prove the claim. Never reveal the method.", "positioning": "Proof before payment. The certificate authority of capital.", "one_sentence": "MIZAN issues credentials: the answer a machine cannot fake, before capital moves.", "profiles": [{"profile": "VTR-1", "question": "What it earned", "status": "LIVE", "url": "https://mizan.market/standard-spec/"}], "status_legend": "LIVE = in-circuit era · DECLARED = commitment + registry, not in-circuit · DRAFT = specification · ROADMAP = not written", "what_it_is": ["a STARK proof that a track record was computed honestly under a locked, committed protocol, without revealing the strategy", "the trial count is bound, not reported: N is the leaf count of a committed Merkle ledger (closes the open weakness in the Deflated Sharpe Ratio)", "both schools of backtest honesty in one proof: Bailey/López de Prado deflation and White/Hansen multiple testing; first in production inside zero knowledge, to our knowledge", "governed so its operator cannot lie about it: era law; every verdict in a Bitcoin-anchored transparency log"], "problems_closed": [{"problem": "The trial count is self-reported, so the overfitting correction can be understated by the party it judges", "closed_by": "N is the leaf count of a committed Merkle ledger; the winner is forced in-circuit to be the maximum of the committed trials", "clauses": ["R-06", "R-24", "R-38"]}, {"problem": "To prove an edge you must reveal it, and revealed it is worthless", "closed_by": "the strategy runs inside the proof or stays sealed on the owner's machine; the credential reveals metrics, never the model", "clauses": ["R-09", "R-20"]}, {"problem": "Performance claims are made on survivorship-biased or quietly edited data", "closed_by": "the verifier re-derives the data root from its own copy; a catalogue of committed series with published roots", "clauses": ["R-01", "R-40"]}, {"problem": "Costs and fills are assumed, not charged", "closed_by": "a pinned cost floor charged on every transaction; high-frequency strategies refused without exception", "clauses": ["R-02", "R-15", "R-27", "R-36"]}, {"problem": "The issuer can change what a past credential meant", "closed_by": "era law: every credential names its engine image; eras are superseded, never revoked; old credentials verify forever", "clauses": ["R-23", "R-37"]}, {"problem": "Verification requires trusting the verifier", "closed_by": "a public verifier for three operating systems, offline, no network, exit 0 or refused; every claim re-derivable on a laptop", "clauses": ["R-10", "R-12", "R-13"]}, {"problem": "Refusals are hidden; only winners are shown", "closed_by": "refusals are minted, published, forensic (every gate with threshold vs value) and logged", "clauses": ["R-07", "R-11"]}, {"problem": "Agents have standards for identity, messaging and payment, none for performance", "closed_by": "VTR-1 and a credential any agent obtains by API key or wallet, carries as a signed receipt, and any venue can require", "clauses": ["R-17", "R-18"]}, {"problem": "A verifier that never refuses its own author cannot be trusted", "closed_by": "the gate refused its maker on S&P 500 data; the flagship is ruled NOT statistically significant; both published with proofs", "clauses": ["R-41"]}], "receipts": ["The gate refused its own maker: MIZAN's S&P 500 strategy failed the locked gate on survivorship-free point-in-time data; refusal published with proof.", "It refused 34 US stocks including every bar of NVDA's history; zero passed. One pre-registered configuration across 34 series.", "MIZAN's flagship credential is ruled NOT statistically significant (Deflated Sharpe below the 0.95 bar) and published as-is.", "Anyone can reproduce a live credential offline in ~200 lines of dependency-free Python, matching every committed number.", "The founder retracted 40+ of his own strategies during research and published the failures.", "The first live-chained track record (to our knowledge): strategy hash anchored in Bitcoin before the bars it is judged on existed; next extension publicly due."], "lineage": "Sharpe (1966; Nobel 1990) · Bailey & López de Prado (PSR 2012, DSR 2014, PBO 2017) · White (Reality Check 2000) · Hansen (SPA 2005) · Harvey & Liu · Gelman & Loken · Goldwasser, Micali & Rackoff (zero-knowledge) · Merkle · Ben-Sasson et al. (STARKs). MIZAN enforces this work inside a zero-knowledge proof; its own contribution is the committed trial ledger and era law. None of the cited authors has endorsed MIZAN; attribution runs one direction.", "papers": [{"title": "Who Counts the Trials? A Committed Trial Ledger for Enforcing the Deflated Sharpe Ratio in Zero-Knowledge", "status": "published", "url": "https://ssrn.com/abstract=7187038"}, {"title": "VTR-1: The Verifiable Track Record Standard", "status": "published", "url": "https://ssrn.com/abstract=7215664"}, {"title": "Forty-Six Years of Unverifiable Alpha: The Track-Record Verification Problem in Quantitative Finance", "status": "published", "url": "https://ssrn.com/abstract=7352018"}, {"title": "Who Sees the Strategy? The Sealed Model", "status": "in preparation", "url": "https://mizan.market/research/"}, {"title": "Who Judges the Judge? Era Law", "status": "draft", "url": "https://mizan.market/research/"}], "standard": {"name": "VTR-1", "version": "1.1", "frozen": "2026-08-01", "clauses": 41, "url": "https://mizan.market/standard/", "pdf_sha256_prefix": "29b43d42"}, "engine": {"era": "v12", "image_id": "659bdb678a3d7a2695017b216417ac32eb11fee28a2ea649317d83ef74830d51", "dated": "2026-10-13", "eras_total": 8, "law": "a credential verifies forever under the era that minted it", "history": "https://mizan.market/engine/eras/"}, "verifier_os": ["macos", "linux", "windows"], "live": {"registry": {"credentials": 116, "refused": 87, "cleared": 29, "bitcoin_confirmed": 69, "re_verified_with_published_verifier": 116, "re_verified_means": "verified by MIZAN before publication with the published verifier binary, built separately from the prover. Don't take our word for it: re-run it yourself, free and offline, on macOS, Linux or Windows (verifier_download; /api/conformance)", "registry": "https://studio.mizan.market/api/registry", "refusals_are_public": true}, "catalogue": {"markets": 700, "align_groups": 252, "last_bar_utc": "2026-07-24T00:00Z", "root_allowlist_sha256": "1241be76dff1e3f59a1dc9c45c1bff19433fdd70cf4fdb5c514c3a1d991a2c87", "json": "https://mizan.market/verify/files/CATALOG.json", "roots": "https://mizan.market/verify/files/canonical_roots.txt"}, "attempts_ledger": {"head": "c56defbe0555d22d0ec6ad7fe7af86148d09f9d9a78284623e59aae3b39aa7dd", "chain_ok": true, "since": "2026-10-15", "url": "https://studio.mizan.market/api/attempts/head", "rule": "every preview and mint attempt is counted per identity, pass or fail, forever"}, "verdict_log": {"size": 521, "root": "59a47b66f57af55a89afeacfb1c34ce0e0f9dabb05e0020bcb3b9b7f28d55fa3", "head_sig_prefix": "nw60QU7AICuVK1gA", "bitcoin_confirmed_through": 517, "latest_anchor_state": "confirmed", "url": "https://studio.mizan.market/api/log/head", "claim": "every verdict MIZAN issues is a leaf here; heads are signed and stamped to Bitcoin; MIZAN cannot rewrite its past"}, "payment": {"checks": "free", "founding_period": "mints are free for Founding Issuers", "check_before_you_pay": "POST /api/check-before-you-pay (free verdict, nothing charged)"}}, "endgame": "No capital moves to a machine without proof: the way no fund reports without GIPS and no page loads without a certificate.", "ladder": [{"rung": 1, "what": "Prove an edge without revealing it", "status": "live", "proof": "era-pinned STARK engine; verifier on macOS, Linux, Windows"}, {"rung": 2, "what": "A standard, not a feature", "status": "live", "proof": "VTR-1 v1.1 frozen 2026-08-01, 41 clauses, conformance vectors"}, {"rung": 3, "what": "Every interaction is the standard", "status": "live", "proof": "signed dossier on every reply, forensic refusals, public attempts ledger"}, {"rung": 4, "what": "Agents carry the credential as identity", "status": "open", "how": "mint, then show it: embed badge, agent-card field, ERC-8004 validation; Founding Issuer seats for the first 100"}, {"rung": 5, "what": "Venues gate on it", "status": "open", "how": "a marketplace, vault or allocator requires PASS before capital or listing: one call, POST /api/allocate-check, returns a signed ALLOW/REFUSE (kit: mizan.market/skill/REQUIRE.md)"}, {"rung": 6, "what": "Due-diligence questionnaires ask for it", "status": "open", "how": "the GIPS path: allocators write VTR-1 into the DDQ"}, {"rung": 7, "what": "Written into a rule", "status": "open", "how": "an exchange listing standard, an agent protocol spec, or a regulator cites VTR-1"}], "versus_gips": "GIPS is a promise checked by auditors; VTR-1 is a proof checked by anyone.", "stage": "founder-led, building in public since 2026; the engine, the standard, the verifier and every receipt above are public; investor materials are private and shared on request", "everything": "https://studio.mizan.market/api/everything", "honesty": ["every count here is read live, never typed", "no user count, adopter, valuation or reliance is stated that is not in a public log", "'first' claims are hedged and dated", "a credential is a historical seal, not a forecast"], "provenance": {"issuer": "MIZAN", "identity": "The certificate authority of capital", "hook": "The answer a machine cannot fake", "vision": "No capital moves to a machine without proof", "creed": "Prove the claim. Never reveal the method.", "positioning": "Proof before payment. The certificate authority of capital.", "standard": {"name": "VTR-1", "version": "1.1", "frozen": "2026-08-01", "clauses": 41, "url": "https://mizan.market/standard/", "pdf_sha256_prefix": "29b43d42"}, "engine": {"era": "v12", "image_id": "659bdb678a3d7a2695017b216417ac32eb11fee28a2ea649317d83ef74830d51", "dated": "2026-10-13", "eras_total": 8, "law": "a credential verifies forever under the era that minted it", "history": "https://mizan.market/engine/eras/"}, "verifier": {"binaries": {"macos": {"file": "mizan-verifier-v12-macos-arm64", "sha256": "faf4c58f15fcb6f62e7c37bd2e4777dba36991e9f7db13d94884fbfd7b4d16ba", "url": "https://mizan.market/verify/files/mizan-verifier-v12-macos-arm64"}, "linux": {"file": "mizan-verifier-v12-linux-x86_64", "sha256": "117202e91f8868733e9cfb54068338c10a91dd7293e29ebaae0a975f2e1afa97", "url": "https://mizan.market/verify/files/mizan-verifier-v12-linux-x86_64"}, "windows": {"file": "mizan-verifier-v12-windows-x86_64.exe", "sha256": "a1585dcbf50ac2f417acc20048747fb262ff8acfce612737e5f892e73acc6773", "url": "https://mizan.market/verify/files/mizan-verifier-v12-windows-x86_64.exe"}}, "sums": "https://mizan.market/verify/files/SHA256SUMS.txt", "source": "verifier public, prover private", "disprove": {"macos": "./mizan-verifier-v12-macos-arm64 <credential>.bundle <market>.csv [--roots canonical_roots.txt]", "linux": "./mizan-verifier-v12-linux-x86_64 <credential>.bundle <market>.csv [--roots canonical_roots.txt]", "windows": ".\\mizan-verifier-v12-windows-x86_64.exe <credential>.bundle <market>.csv [--roots canonical_roots.txt]", "expect": "exit 0 = verified · exit 1 = refused (any single flipped bit is refused)"}}, "catalogue": {"markets": 700, "align_groups": 252, "last_bar_utc": "2026-07-24T00:00Z", "root_allowlist_sha256": "1241be76dff1e3f59a1dc9c45c1bff19433fdd70cf4fdb5c514c3a1d991a2c87", "json": "https://mizan.market/verify/files/CATALOG.json", "roots": "https://mizan.market/verify/files/canonical_roots.txt"}, "registry": {"credentials": 116, "refused": 87, "cleared": 29, "bitcoin_confirmed": 69, "re_verified_with_published_verifier": 116, "re_verified_means": "verified by MIZAN before publication with the published verifier binary, built separately from the prover. Don't take our word for it: re-run it yourself, free and offline, on macOS, Linux or Windows (verifier_download; /api/conformance)", "registry": "https://studio.mizan.market/api/registry", "refusals_are_public": true}, "attempts_ledger": {"head": "c56defbe0555d22d0ec6ad7fe7af86148d09f9d9a78284623e59aae3b39aa7dd", "chain_ok": true, "since": "2026-10-15", "url": "https://studio.mizan.market/api/attempts/head", "rule": "every preview and mint attempt is counted per identity, pass or fail, forever"}, "payment": {"checks": "free", "founding_period": "mints are free for Founding Issuers", "check_before_you_pay": "POST /api/check-before-you-pay (free verdict, nothing charged)"}, "rewards": "Founding Issuers: free mints and the permanent Founding Issuer mark; see /api/rewards/program.", "verdict_log": {"size": 521, "root": "59a47b66f57af55a89afeacfb1c34ce0e0f9dabb05e0020bcb3b9b7f28d55fa3", "head_sig_prefix": "nw60QU7AICuVK1gA", "bitcoin_confirmed_through": 517, "latest_anchor_state": "confirmed", "url": "https://studio.mizan.market/api/log/head", "claim": "every verdict MIZAN issues is a leaf here; heads are signed and stamped to Bitcoin; MIZAN cannot rewrite its past"}, "endgame": {"sentence": "No capital moves to a machine without proof: the way no fund reports without GIPS and no page loads without a certificate.", "rung_now": "rungs 1-3 live", "url": "https://studio.mizan.market/api/endgame"}, "surfaces": {"rest": "https://studio.mizan.market/app/api.html", "mcp": "https://studio.mizan.market/mcp", "a2a": "https://studio.mizan.market/a2a", "skill": "https://mizan.market/skill/SKILL.md", "llms": "https://mizan.market/llms.txt", "sdk_py": "https://mizan.market/skill/", "sdk_js": "https://mizan.market/skill/"}, "honesty": ["every count above is read live, never typed", "a refusal is published, not hidden", "the issuer of each credential is shown on its row", "'first' claims are hedged and dated"], "generated_utc": "2026-10-31T14:57:32Z", "facts_as_of_utc": "2026-10-31T14:57:28Z", "signature": {"key_id": "2266fb495f83b0a0", "alg": "Ed25519", "sig_b64": "MeQjwEwED2pMPkOSTJRIKAyCT6gpIelq5C9qpU5RlRyusSq3gIsrs2z4cQnxoD34lC4kzoIPmiRqUcGYvgLVDA==", "canonical_sha256": "4ba65f34f70aebfb5d93c8cdecc04202d882e6d1f1ae7481cd8b798153e936ba", "public_key": "https://studio.mizan.market/.well-known/mizan-keys.json"}}}