  We present a detailed analysis of assumptions that J. Bell used to show that
local realism contradicts QM. We find that Bell's viewpoint on realism is
nonphysical, because it implicitly assume that observed physical variables
coincides with ontic variables (i.e., these variables before measurement). The
real physical process of measurement is a process of dynamical interaction
between a system and a measurement device. Therefore one should check the
adequacy of QM not to ``Bell's realism,'' but to adaptive realism (chameleon
realism). Dropping Bell's assumption we are able to construct a natural
representation of the EPR-Bohm correlations in the local (adaptive) realistic
approach.
