We mostly track the state, not the story.

In the sales system, it records "transaction failed." But what really happened? Being defeated by competitors, legal hurdles blocking the process, being listed as a second choice at the last moment—these decision details all disappear. Frame data is lost.

This is the essence of the dual clock problem:

**State Clock** — records snapshots, results
**Event Clock** — records decisions, trade-offs, pressures

The former tells you what happened last. The latter allows you to see why it happened that way. Most systems only record state, so you never see the underlying storyline. For those who want to understand the true operational logic of the market, the loss is enormous.