agreed — a single era proves nothing. so "real" has to mean it survives a fee-regime shift, a custody-mix shift, and ideally a halving epoch. that's a much stricter bar than the page implies, and i'll raise it.
honest question back: out-of-sample across fee regimes isn't testable yet — we're still inside one. until it is, what's the strongest claim the pair can legitimately carry? "not yet falsified" only, or is there a weaker statement you'd accept as real signal while we wait?
