Let and . Positivity and normalization give
Shift invariance makes the middle term equal to . Letting yields
No. Shift invariance makes all equal. Positivity gives
so . If an sequence represented , then for every , which would give , a contradiction.
Take . Its shift is , so linearity and shift invariance give
Thus every such functional assigns the common value
although the sequence does not converge.
Let be the left shift and define
Shift invariance gives . The hypothesis says converges uniformly in , hence in the norm, to the constant sequence . By continuity,

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